Match the vocabulary word to the correct definition.

lana [24]

Answer for the photo is on Xtiny/5G

3 0

3 years ago

Which of the following is an example of a qualitative materiality factor? The client installed a new security system to protect

ycow [4]

Answer:

A. The client installed a new security system to protect the building

Explanation:

The client is experiencing slow down in sales is an example of qualitative materiality factor as it can lead to misstatement. Sales turnover and payment, Percentage (%) of expenses to income and Percentage (%) of inventory to assets are all example of quantitative materiality factor. Whereas installation of new security system is not material which could lead to misstatement.

3 0

3 years ago

Bruno Fruscalzo decided to start a small production facility in Sydney to sell gelato to the local restaurants. His local milk s

Sholpan [36]

Answer:

A. 4500kgs

B. 15.4orders

(c)

The order size should be the economic order quantity which is computed as:

Q = (2.d.K / h)1/2 = sqrt(2*9000*20 / 0.03) = 3464.1 kg

(d)

If Q = 3000 kg,

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3000)*20 + (3000/2)*0.03*12 = $1,260

(e)

If Q = EOQ = 3464.1 kg

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3464.1)*20 + (3464.1/2)*0.03*12 = $1,247.1

(f)

If Q = 6,500 kg,

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/6500)*20 + (6500/2)*0.03*12 = $1,502.3

(g)

If Q = 20,000 kg,

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/20,000)*20 + (20,000/2)*0.03*12 = $3,708

So, per kg cost = 3708 / (9000*12) = $0.034

Explanation:

4 0

4 years ago

Precision Aviation had a profit margin of 7.00%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the f

Novosadov [1.4K]

Answer:

17.64%

Explanation:

Precision aviation has a profit margin of 7%

The total assets turnover is 1.4

The equity multiplier is 1.8

Therefore the ROE can be calculated as follows

= Total assets turnover × equity multiplier × profit margin

= 1.4 × 1.8 × 7

= 17.64%

Hence the ROE is 17.64%

7 0

3 years ago

The following data (in thousands of dollars) have been taken from the accounting records of Karmint Corporation for the just com

Fittoniya [83]

Answer:

B) $420

Explanation:

Raw materials inventory, beginning - $50

add: purchases of raw materials - $150

less: raw materials inventory, ending - $40

equals: raw materials used - $160

add: direct labor - $140

add: manufacturing overhead - $160

equals: Total Manufacturing Cost - $460

add: work in process inventory, beginning - $30

equals: Cost of Goods Put into Process = $490

less: work in process inventory, ending - $50

equals: Cost of Goods Manufacture - $440

add: finished goods inventory, beginning - $80

equals: Cost of Goods Available for Sale - $520

less: finished goods inventory, ending - $100

equals: Cost of Goods Sold - $420

Cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold in a company.

This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good.

It excludes indirect expenses, such as distribution costs and general and selling expenses.

8 0

4 years ago