Answer: Option c and d
Explanation: In simple words, prescriptive role refers to the role under which the manager identifies what should be done rather than stating what is done. In other words, under thus role the manager specifies duties and tasks that should be performed to achieve the objectives.
In the given case, Caroline is researching and recommending the actions that should be taken for maximizing the profit.
Hence from the above we can conclude that Caroline is performing prescriptive role.
Answer and Explanation:
The journal entries are shown below;
On Sept 15
Merchandise inventory $77,500
To Accounts payable $77,500
(Being purchase of inventory is recorded)
On Sep 29
Accounts payable $77,500
To Cash $75,175
To Merchandise inventory (3% of $77,500
) $2,325
(Being payment to suppliers after discount is recorded)
Answer:
The answer is D.
Explanation:
The chronological order of Accounting System is:
Collecting of information
Classifying of information
Summarizing of information
Reporting a business financial
and operating information.
You can see all the options are in the chronological order of accounting system. Therefore, all of the above is correct.
Answer:
Total costs= $75,000
Explanation:
Giving the following information:
For 10,000 units:
$40,000 for direct labor
$4,000 for electric power
Total fixed costs are $23,000
We need to determine the unitary variable cost for direct labor and electric power:
Unitary direct labor= 40,000/10,000= $4
Electric power= 4,000/10,000= $0.4 per unit
Now, for 12,000 units:
Total direct labor cost= 4*12,000= $48,000
Electric power= 0.4*12,000= $4,800
Fixed costs= 23,000
Total costs= $75,000
Answer:
The correct option is E,14
Explanation:
In using the two-day moving average to forecast for the next day sales, the previous two days sales are taken , summed to up and finally averaged(that is divided by 2)
Next day forecast=sum of previous two days sales figures/number of days
sum of previous two days forecast=13+15=28
since the number of the days is 2 ,the 8 is divided by 2,28/2=14
Ultimately the next day forecast sales figure is 14 newspapers
Option A is wrong that is just considering of the two previous day, the same thing applies to option B.
Option C is the sum of previous two days sales without being divided
