Explanation:
POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The estimated machine-hours for the upcoming year at 79,000 machine-hours.
The estimated variable manufacturing overhead was $7.38 per machine-hour
The estimated total fixed manufacturing overhead was $2,347,090.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 2,347,090/79,000 + 7.38= $37.09 per machine-hour
Answer:
d) <u>cash flow</u>
Explanation:
Small businesses are characterized by limited scale of operations and small quantum of revenues. Thus, small businesses in their initial stages have to deal with the common problem of shortage of funds owing to delay in receipts from debtors owing to relaxed credit terms.
The receipts are not received on time while the expenses accumulate which leads to a situation of cash crunch wherein it gets difficult to meet expenses and liabilities.
Thus, to avoid such situations businesses have to consider their credit policies and credit allowing limit so as to ensure enough cash to meet day to day working capital requirements.
This points towards being careful of cash inflows and outflows and efficient management of cash flows, keeping check on receipts and payments to ensure smooth operations.
Answer:
Yes, all. A non-exempt employee is eligible for overtime/compensatory time for hours in excess of 40 in a given week.
Answer:
a. Assets were understated by $5,000 and pretax income was understated by $5,000.
Explanation:
Inventory are part of Current Assets in the Balance Sheet. This means that when they are understated, the Assets are also understated. Also understated inventory means that cost of sales are overstated in the Income Statement and consequently, Gross Profit and Pre-tax Income are understated.
