Answer:
Labour time (efficiency) variance = $9,984 unfavorable
Explanation:
<em>The labour time variance is the dollar value of the difference between the standard time allowed for the actual output produced and the actual time used.</em>
Hours
Standard hours ( 960 units × 7.2 hours ) = 6,912
Actual hours <u>7,680</u>
Time variance 768 Unfavorable
× standard labour rate <u>× $13</u>
Variance <u> $9,984 </u>Unfavorable
Answer:
.b. it forces firms to internalize the external cost of emissions
Explanation:
A carbon tax is a fee imposed by the government on any firm that burns fossil fuels. Fossils most used by firms include gasoline, coal, oil, and natural gases. Burning of these fossils emits greenhouses gases such as carbon dioxide and methane, which creates global warming by heating the atmosphere.
A carbon tax forces enterprises to pay for the harsh effects of global warming on society. If the tax is set at a high rate, it deters firms from burning fossils. Companies adopt environmentally friendly production processes to avoid the carbon tax.
Answer:
NEUTRALITY, COMPLETENESS AND FREE FROM ERRORS.
Explanation: IASB( International accounting standards board) is board regulating the preparation of accounting Reports or statements. It released its first framework called CONCEPTUAL FRAMEWORK in the year 1989.
The qualities of a faithful conceptual framework by IASB is to guarantee NEUTRALITY, COMPLETENESS AND ENSURE THAT THE STATEMENT IS FREE FROM ERRORS.
This framework will help to prevent disputes and manage standards in preparation of account statements.
Answer:
: $4,610
Explanation:
The allowance for uncollectible accounts should be 2% of accounts receivable. So first we wil find out the 2% of $268,000.
($268,000 x 2%) = $5,360
Then we will subtract the $750 allowance for uncollectible accounts before any adjustments.
$5,360 - $750 = $4,610
The amount of the adjusting entry for uncollectible accounts would be: $4,610.
Answer:
$9.687
Explanation:
Given:
Year 3 dividend = $1.00
Year4&5 growth rate = 17%
Constant rate = 7%
Required return rate = 16%
Year 4 dividend wil be:
D4 = 1.00 * 1+growth rate
= 1.00 * (1+0.17)
= $1.17
Year 5 dividend=
D5 = $1.17 * (1+0.17)
= $1.3689
Value of stock after year 5 will be given as:
= $16.2747
For the current value of stock, we have:
Cv= Fd* Pv of discounting factor
Where Cv = current value of stock
Fd = future dividend
Pv = Present value of discounting factor
Therefore,
=$9.6871382455
≈ $9.687
The value of stock today =
$9.687
