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3 years ago

LO 8.3What are some possible reasons for a direct labor time variance?

Business

1 answer:

kifflom [539]3 years ago

5 0

Answer:

The correct answer is letter "B": less qualified workers.

Explanation:

Direct labor rate variance analyses the current cost of direct labor and the regular cost of direct labor over the same operations period. Direct labor rate variance can be caused due to minimum wage increase, hiring less qualified employees or inappropriate cost budget setting.

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Gutierrez Company reported net income of $225,000 for 2017. Gutierrez also reported depreciation expense of $45,000 and a loss o

Anestetic [448]

Answer:

Gutierrez Company

Cash Flow statement

for the year 2017

Net Income 225,000

+ Depreciation 45,000

+ Decrease in receivable 15,000

+ Increase in payable 17,000

+ Decrease in prepaid expenses 4,000

Net cash flow from operating activities 306,000

Explanation:

Depreciation is an non cash expense so it will be added to the net profit for the calculation of cash flow from operating activities. Decrease in receivable, Increase in payable and decrease in prepaid expenses result in the inflow of cash. So, they are all added in the operating income value.

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3 years ago

Tammy, a single taxpayer, has a part-time job at BigCo, a company in which she has no ownership interest. In addition, she owns

adoni [48]

Answer:

Qualified business income deduction= $20,000

Explanation:

Section 199A of the Internal Revenue Code gives numerous citizens a conclusion to qualified business salary from a certified exchange or business worked straightforwardly or through a go through substance. People, trusts and bequests with qualified business salary, qualified REIT profits or qualified PTP pay may meet all requirements for the finding. QBI is the net measure of qualified things of salary, addition, derivation and shortfall from any certified exchange or business. The reasoning will be % of QBI.

Tammy shall get deduction of 20% of $ 100,000 = $ 20,000

8 0

3 years ago

Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for

Ganezh [65]

Answer:

Explanation:

Professors Andrew McAfee and Erik Brynjolfsson of the MIT Sloan School of Management performed a study that proved that corporations that used data driven decision management had a higher productivity (+4%) and higher profits (+6%). This study was made by the two professors and the MIT Center for Digital Business.

They were very clear in specifying that the success of data driven management is based upon the quality of the data gathered and the effectiveness of its interpretation. Not all data gathered is useful for every corporation, so it must be properly analyzed and interpreted.

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3 years ago

GINNY: I think itâs safe to say that, in general, the savings rate of households in todayâs economy is much lower than it really

zhuklara [117]

Answer:

Taxing polluters is one of the best ways to protect the environment

Explanation:

6 0

3 years ago

One disadvantage of a sole proprietorship as a form of business organization is that: a. owners of sole proprietorships generall

VladimirAG [237]

Answer:

e. owners of sole proprietorships can lose all their personal assets if the business is sued or fails.

Explanation:

Remember, in a sole proprietorship form of business ownership, the owner's personal assets are not usually separated from the business since the business isn't viewed as a separate legal entity.

Hence, in a case where the business incurs liability or sued/fails, the owner's personal assets can be targeted in the lawsuit and may lead to loss of all their personal assets.

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2 years ago