Answer:
The correct answer is letter "C": "Mission Statement".
Explanation:
A company's mission statement represents the objective that the firm must set. That objective must last and should be adaptable to the changes it could be exposed to. It clearly states the purpose of the company and why it exists and operates. The mission statement also identifies by whom the entity is formed and their respective functions.
Answer:
The correct answer is letter "A": determines that expenses related to revenue be reported at the same time the revenue is reported.
Explanation:
According to the matching accounting principle, during the same accounting period, the revenues and expenditures needed to generate such revenues have to be recorded. This is part of the accrual accounting method that specifies expenses and revenue must be recorded when incurred not when cash is received.
I personally don't like them AT all
Answer:
Total cost for Job 9-1005 = $ 5,085
Explanation:
Calculation for total cost for Job 9-1005
Direct materials
Q-4698 $1,250
Q-4725 <u>$1,000</u>
<u>Total Direct material cost = $ 2,250</u>
Direct labor
W-3393 $ 600
W-3479 $ 450
W-3559 <u>$ 300</u>
<u>Total direct labour Cost = $ 1,350</u>
add: Overhead cost 110% of total direct labor cost: $1,350×110%= $1,485
Total Cost on Job is: $2,250+$1,350+$1,485 = $5,085
Answer:
c)
Explanation:
Based on the information provided within the question it can be said that this worry stems from the concern that TV networks could be charged with deception of the public by failing to disclose the details of product-placement deals. This is due to the fact that if the network does not tell the public the details of the product deals or even that they are being sponsored, then a consumer might buy the product under the impression that it is a good product when in fact, the network is up-selling it. Therefore it is a form of false advertising.
