a separation between ownership and management is most likely to occur in a : Corporation
In a corporation, the owners (or more commonly known as the share holders) tend to higher the executive that they believe is capable to manage the company
hope this helps
Answer:
$1,050 favorable
Explanation:
The computation of the fixed overhead budget variance is shown below:
= Actual fixed overhead - budgeted fixed overhead
where,
Budgeted fixed overhead is
= $3.75 × 1,400 units
= $5,250
And, the actual fixed overhead is $4,200
So, the fixed overhead budget variance is
= $4,200 - $5,250
= $1,050 favorable
Since the budgeted fixed overhead is more than the actual one so it would be favorable
Answer:
The answer is: A) No auditing procedures were performed after the date of the Year 1 auditor's report.
Explanation:
Since Gole is including a separate paragraph in the review report for Year 2 to describe his responsibility for the previous period's financial statement (Year 1), he should include in that paragraph the fact that he didn't perform any more audit procedures after he presented his review report for Year 1.
Answer:
13.69%
Explanation:
Return on Equity = Net Income / Shareholder's Equity
<em>All Computations are in millions</em>
Shareholder's Equity = Common Stock + Retained Earnings
Shareholder's Equity = $2960 +$735
Shareholder's Equity = $3,695
Net Income = $506
Return on Equity = $506 / $3,695
Return on Equity = 13.69 %
