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4 years ago

Which of the following accurately represents the "split cost" for analyzing the direct materials flexible budget variance?

Business

1 answer:

Lunna [17]4 years ago

7 0

Answer: B. Actual Quantity x Standard Price

Explanation:

The split cost" for analyzing the direct materials flexible budget variance is represented by the actual quantity multiplied by the standard price.

It should be noted that the flexible budget variance is denoted as the difference that occurs between the results which are gotten through the model of the flexible budget and the actual results.

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Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information

Valentin [98]

Answer: Please refer to Explanation

Explanation:

A little introduction.

The Cash Flow Statement is divided into 3 sections being the operating, investing, or financing sections.

Operating Section

- The entries that fall under here are directly related to the provision of goods and services by the company for its consumers. They involve cash receipts from sales, payments to suppliers and taxes amongst others.

Investing Section

- This part of the Statement includes cash spent or cash generated from Investment activities such as the purchase of other company stocks or bonds and the cash entries related to Fixed assets.

Financing Section

- This section has to do with the entries related to how the company is funded and include shares, bonds and dividends.

Classifying the Above therefore we have,

a) Purchase of equipment. INVESTING ACTIVITY.

(b) Sale of building. INVESTING ACTIVITY.

(d) Cash received from sale of goods. OPERATING ACTIVITY.

(e) Payment of dividends. FINANCING ACTIVITY.

(f) Issuance of capital stock. FINANCING ACTIVITY.

If you need any further clarification do comment. Cheers.

5 0

4 years ago

In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often

algol13

Answer:

The correct answer is (B)

Explanation:

Economics is a study of the market and human behaviour. Economists usually use historical data, conduct interviews and surveys to find a pattern to predict and forecast. In economics, it is almost impractical to conduct laboratory experiments because laboratory experiments leave out various aspects of reality and leave out relevant variables. Furthermore, It is difficult to find a way to use a laboratory experiment to predict and forecast.

4 0

4 years ago

In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases,

steposvetlana [31]

Answer:

deficit and negative

Explanation:

correct answer is deficit and negative because here as This is in line with the concept of twin deficits

where the current budget deficit is also the current account deficit resulting from the increase in government procurement. Trade deficit negative NX means negative net capital outflow

3 0

3 years ago

An auditor ordinarily sends a standard confirmation request to all banks with which the entity has done business during the year

Virty [35]

Answer:

A. seek information about loans from the banks.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

An auditor ordinarily sends a standard confirmation request to all banks with which the entity it is auditing has done business during the year under audit, regardless of the year-end balance. One purpose of this procedure is to seek information about loans from the banks so as to examine and verify the amount that was loaned by the bank to the business entity, as well as comparing the figures (values) to that on the balance sheet.

3 0

3 years ago

Calculate how much you would have in 25 years if you saved $3,000 a year at an annual rate of 9 percent with the company contrib

BaLLatris [955]

Answer:

the amount have in 25 years is $317,628

Explanation:

The computation of the amount have in 25 years is shown below:

PMT = Payment saved per year

= $3,000 + $750

= $3,750.00

N = Periods of payment = 25 years

R = Rate = 9%

Now the formula is

FV = (PMT × ((1 + R)^N-1) ÷ (R)

= $3,750 × ((1 + 9%)^25-1) ÷ (9%)

= $317,628

Hence, the amount have in 25 years is $317,628

8 0

3 years ago