I think the correct answer from the choices listed above is option C. Managerial accounting generates information for use outside the organization. <span>By </span>using<span> managerial accounting </span>information<span>, both managers and employees can evaluate how well they have done in the past and </span>what<span> they can expect in the future.</span>
Answer:
The unrealized profit is $6000
Explanation:
From the question,it is clear that Script still has in inventory at year end $30,000 worth of inventory from the $90,000 worth of purchased from Post,
invariably the unrealized profit recognizable should be to the tune of the unsold inventory.
In addition,the fact that mark up is 25% which that sales figure is made up of 100% cost plus 25% markup,hence sales is 125%.
unrealized profit=unsold inventory*markup/sales in percentage
unrealized profit =$30,000*25/125
unrealized profit is $6,000
In this scenario, Blue Tech Inc.'s failure can be best attributed to <u>"Time compression diseconomies."</u>
We accept time compression diseconomies where the snappier a firm builds up the asset, the higher the improvement cost. We demonstrate that time compression diseconomies normally offer ascent to asset heterogeneity and henceforth upper hand in that one firm builds up the asset quicker than the other. We evaluate the supportability of the upper hand, determine conditions
under which the asset is "incomparable" and demonstrate that firm benefits are nonmonotonic in the degree of time compression diseconomies.
Answer and Explanation:
1. Interest Revenue $23,000
Sales Revenue $510,000
To Income Summary $533000
(Being closing of revenues accounts are closed)
2. Income Summary $453,000
To Sales returns $20,000
To Sales Discounts $7,000
To Cost Of goods sold $310,000
To Freight out $2,000
To Advertise Exp $15,000
To Interest Exp $19,000
To Salaries & Wages $55,000
To Utility $18,000
To Depreciation $7,000
(Being closing of expenses accounts are closed)
3. Income Summary $80,000
To Retained Earning $80,000
(Being profit is recorded)
4. Retained Earning $30,000
To Dividends $30,000
(Being closing of dividend is recorded)
Answer:
The correct answer is letter "D": None of the answer options is correct.
Explanation:
The Correlation Coefficient (ρ) measures the degree of relationship between two variables. The value fluctuates between (-1) and (1). If the correlation is greater than (0) it is positive (direct correlation) while values lower than (0) imply the correlation is negative (inverse correlation). If the value equals (0), there is no correlation between the variables.
In the case, <em>if during the months when sales of beer are above the average the sales of ice cream increase and if during the months when sales of beer are lower than average ice cream sales decrease, it implies there is a direct correlation between sales in beer and ice cream, thus, their correlation is positive.</em>