Answer:
B. The zero based budget requires managers to re-justify every planned expenditure every year.
Explanation:
A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.
However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.
So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.
Answer:
The correct answer is boundaryless.
Explanation:
A boundaryless organization is an association in which management has managed to eliminate the barriers between internal levels, work functions and departments, as well as reduce external barriers between the association and those with whom it works. The development of a business in an organization without limits could include the creation of a more horizontal management structure, the promotion of interdepartmental projects and the empowerment of staff members.
Answer:
$72,800
Explanation:
Book value:
= Value of bonds + Unamortized bond premium
= $1,000,000 + $92,800
= $1,092,800
Paid at redemption:
= 102% of value of bonds
= 102% × $1,000,000
= $1,020,000
Gain on bond retirement:
= Book value - Paid at redemption
= $1,092,800 - $1,020,000
= $72,800
Therefore, gain should be recognized on this bond retirement will be $72,800.
Answer:
The total cost of producing 3,000 axles is $255,000
Explanation:
The computation of the total cost is shown below:
= Total per unit manufacturing costs × total number of axles produced
= $85 × 3,000 axles
= $255,000
The total manufacturing includes all costs such as Direct materials, direct manufacturing labor, Variable manufacturing overhead and, Fixed manufacturing overhead.
Answer:
Total surplus = 4000
so correct option is D. $4000
Explanation:
given data
P = 300 - 2QD
P = 100 + 3QS
to find out
sum of the consumer and producer surplus
solution
we first equating both as equilibrium at QD = QS
so
300 - 2Q = 100 + 3Q
solve we get
Q = 40
so P will be
P = 3 00 - 2 × 40
P = 220
Consumer surplus area above price and below demand so
Consumer surplus = 0.5 × (300 - 220) × 40
Consumer surplus = 1600
and
Producer surplus area above supply curve and below price so
Producer surplus = 0.5 × (220 - 100) × 40
Producer surplus = 2400
so Total surplus will be
Total surplus = Consumer surplus + Producer surplus
Total surplus = 1600 + 2400
Total surplus = 4000
so correct option is D. $4000
