Answer:
c. Departmental accounting system.
Explanation:
- The departmental accounting system is an accounting information system that records financial information about operations and the department. Managers can use financial information from departmental accounting systems to show how profitable and efficient each department is Departmental accounting system
- example are as Microsoft is Windows department and MS Office and Xbox department
Answer: B) Conservative Financial Policy
Explanation:
A Conservative Financial policy refers to a situation where an entity usually finances their permanent working capital with long term debt in part or in it's entirety.
It is stated that Bradford Maintainance uses long-term sources of funds to finance its assets which would point to a Conservative Financial Policy.
Answer:
Correct option is (D)
Explanation:
Given:
Purchase price of copyright = $50,000
Expected useful life = 5 years
Annual depreciation expense as per straight line method:
= Purchase price ÷ useful life
= 50,000 ÷ 5
= $10,000
Only useful life is considered and not legal life.
Carrying value of asset at the end of year = Book value of asset - annual depreciation
Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000
Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000
Answer:
Yes, Juan did have apparent authority to act.
Explanation:
In the situation that is being described it can be said that Yes, Juan did have apparent authority to act. Even though Anna has asked Juan to let her review the transaction before entering into a contract, she gave Juan the authority to act on her behalf and represent her as an authority in the auto dealership when she made him a sales agent. Therefore any and all contracts entered by Juan in the dealership are binding on Anna as well.
Answer:
transfer cost $25
Explanation:
The minimum transfer price is equal to the marginal price.
The marginal price, in this case, will be the variable cost, because there is no additional fixed cost related to the transfer:
This should be analyzed like a special order request, only the variable cos matter unless we incur in additional fixed cost.
Marginal Cost = Variable cost: 25
