True or false
In the case of a work team, individual efforts result in a level of performance greater than the sum of those individual inputs.
True
The letter of transmittal and the statistical section are classified as Comprehensive Annual Financial Report (CAFR).
These are not included in the basic financial statement and required supplementary schedule.
CAFR comprises the financial report of any state, municipality or government entity.
Answer:
a. $73,000
Explanation:
According to the scenario, computation of the given data are as follow:-
Desert company income statement
Particular Amount ($)
Total Revenue (sales revenue + interest revenue) 287,000
Total expenses excluding loss from discontinuing operation
($246,000 - 32,000) -214,000
Income from continuing operations before income tax 73,000
Working notes:
Total Revenue =Sales Revenue + Interest Revenue
= $280,000 + $7,000
= $287,000
Total Expenses = Cost of Goods Sold + Administrative Expenses + Loss on Disposal of Equipment + Sales Commission Expense + Loss From Discontinued Operations + Bad-Debt Expense
= $170,000 + $20,000 + $8,000 + $12,000 + $32,000 + $4,000
= $246,000
Answer:
Sales price = $8.1
Explanation:
<em>The units sale price should be that that equated the total revenue to the the total relevant cost of the special order</em>
<em>The relevant cost of the special order includes;</em>
<em>1. Variable cost</em>
<em>2. Additional shipping cost </em>
<em>Note the fixed costs are irrelevant for this decision because they would be incurred either way</em>
Variable cost per unit = Total variable cost /Number of unit
= 420,000/70,000 units = $6 per unit
$
Total variable cost of special order
( 3,000× $6) = $18,000
Shipping cost <u> 6,300 </u>
Total relevant costs of special order. <u>24,300
</u>
Minimum Sales price = Total relevant cost /number of units
Sales price = $24,300/3,000 units =$8.1
Sales price = $8.1
Complete Question:
Context, content and culture are:
O Important ethical concepts
O Important marketing concepts
O Corporate ethics policy
O Three dimensions of evaluating corporate gifts.
Answer:
Context, content and culture are:
O Three dimensions of evaluating corporate gifts.
Explanation:
Corporate gifts may turn out to be regarded as bribery if they are meant to induce the other party to alter their behaviors. This is why in evaluating corporate gifts, the criteria have always included the context (the circumstances in which the gifts are given), the content (how much is given), and the culture (the accepted general practice in a particular industry, locality, or region). Generally, corporate gifts are given either as means of showing appreciation, creating positive first impression, or returning some favors.
