Answer:
The advantages of using secondary data are several, but its main advantage is that it is the cheapest way to gather large sets of information. A lot of secondary data is available on the internet, so it is time saving. Using secondary data saves work, efforts and money.
We can also use secondary data to determine more specifically which primary data we need to gather, again saving resources.
Answer:
E) All of these choices are correct.
Explanation:
A sales budget estimates the total amount of goods and services that a company plans to sell during the next accounting period, it includes both units of goods or services and the money they should generate.
The direct labor budget estimates how much the company will spend in direct labor during the next accounting period. It includes the wage rate per hour and the hours needed to complete the production requirements.
The overhead budget estimates the expected costs for all production costs except direct materials and direct labor, it is divided into variable overhead per unit and fixed overhead per total production.
The production budget estimates the number of units that should be produced, it doesn't consider production costs nor selling price.
Answer:
$15,780
Explanation:
The sticker price for a vehicle with all the features is the total of all the given cost elements.
These include the retail price, destination charge, cruise control, custom sound etc.
Hence, the sticker price for the vehicle
= $13,760 + $475 + $800 + $235 + $510
= $15,780
Answer:
Option a (recognizes.................income) is the correct answer.
Explanation:
- The proportion of even more inventories is below 20 percent, therefore the firm sends dividends on the inventories which are incorporated into the personal income tax rate.
- Dividends paid mostly by the investor, not adjusting as necessary for the investor's total earnings, should be declared as compensation or earnings.
The provided situation is not connected with other possibilities. So the above option is the correct answer.
<span>True. The longer its customers normally hold inventory, the longer the credit period supplier firms normally offer. Still, suppliers have some flexibility in the credit terms they offer. If a supplier lengthens the credit period offered, this will shorten the customer's cash conversion cycle but lengthen the supplier firm's own CCC. When studying the cash conversion cycle, you are able to see how effective a company's management team is and how the company is doing overall. These metrics are important to know so a company knows how much cash they need to have on hand and where they need to shift money around to within their different accounts. </span>