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Elan Coil [88]
3 years ago
9

Which of the following is not required to prove innocent representation?

Business
1 answer:
g100num [7]3 years ago
5 0

Answer:

I think it is C

hope I'm right

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In a production operation of an electronics firm, a company manufactures I/O circuit chips that is used in a final assembly proc
Feliz [49]

Answer:

defective

Explanation:

In an electronic firm it is necessary to keep check for every circuit as they turn out to be defective. There can be minor error is circuit formation but this will be considered as defective because circuits are very sensitive and even minor error can lead to short circuits which could lead to a disaster. It is necessary for a firm to keep track and quality of every circuit should be checked.

3 0
3 years ago
The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard
GarryVolchara [31]

Answer:

1. Actual Hour = 145 hour

2. Actual rate per hour = 28.17 per hour

Explanation:

According to the scenario, computation of the given data are as follow:-

1). Labor Efficiency Variance= Labor Rate Variance + Labor Spending Variance

= 170 + 120

= 290

Labor Efficiency Variance = Standard Rate × (Standard Hour - Actual Hour)

-290 = 29 × (54 × 2.5-X)  

-290 = 29 × (135 - X)

-290 = 3,915 - 29x

29x = 4,205

X = 4205 ÷ 29 = 145

Actual Hour = 145 hour

2). Labor Rate Variance = Actual Hour × (Standard Rate-Actual Rate)

120 = 145(29-x)

120 = 4,205-145x

145x = 4,085

X= 4,085 ÷ 145

Actual rate per hour = 28.17 per hour

8 0
3 years ago
4.You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan
Anon25 [30]

Answer:

$124,966.9

Explanation:

The computation of the market or resale value is shown below:

$100,000 = $10,000 ÷ (1.15^1) + $10,000 ÷ (1.15^2) + $10,000 ÷ (1.15^3) + $10,000 ÷ (1.15^4) + Resale value  ÷ (1.15^4)

$100,000 = $8695.65 + $7561.44 + $6575.16 + $5717.53 + Resale value ÷ 1.749006

Resale value ÷1.749006 = $71,450.22

So, the resale value is  = $124,966.9

We simply applied the present value formula

3 0
3 years ago
Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $
Fed [463]

Answer:

Explanation:

Goodwill is defined as the excess in amount of the purchase price of a company over the fair value at acquisition.It is intangible in nature , meaning it can not be physically separated from the other assets. Example are patent , brand name , good employee relation.

1.

Goodwill calculation

Purchase price - $2,500,000

Fair value -          $1,800,000

Goodwill -               $700,000        

2.

No

Under the IAS 36, impairment of assets , goodwill is not amortized but annually tested for impairment as amortization is applicable to intangible assets with a definite useful life while intangible assets with indefinite useful life are annually tested for impairment to evaluate a loss in value experienced.

3

No

Under IAS 38 , Internally generated goodwill are not recognized as no related cost is incurred towards achieving a future benefit

7 0
3 years ago
2) The price paid for the rental of borrowed funds (usually expressed as a percentage of the rental of 2) $100 per year) is comm
-Dominant- [34]

Answer:

C) interest rate

Explanation:

Based on the scenario being described within the question it can be said that this price is commonly referred to as the interest rate. Like mentioned, this is the principal that is charged by the lender of the money to the borrower for the use of the borrowed money. This is usually charged as a percentage of the total amount that is being borrowed.

7 0
3 years ago
Read 2 more answers
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