All categories

2 years ago

The benefits of comparing actual performance of the operations against planned goals include all of the following except:_______

Business

1 answer:

laiz [17]2 years ago

8 0

Answer:

c. determining how managers are performing against prior year's operating results.

Explanation:

Management compare actual performance against planned goals to enable them evaluate deficiencies in the actual performance which can give directions to areas that should be improved upon. Moreover, comparing actual performance and planned goals expose deficiencies in the system which management would take into consideration when making future plan hence eliminate unplanned expenditures.

Again, there is also identification of priorities to accomplish objectives when actual performance are compared against planned goals.

You might be interested in

The demand for salt is inelastic, and the supply of salt is elastic. The demand for caviar is elastic, and the supply of caviar

stellarik [79]

Answer:

<h2>In the case of the salt,the salt buyers would bear most of the tax burden and for caviar,the sellers would bear most of the tax burden.Hence,the correct answer is option b. or buyers of salt and the sellers of caviar.</h2><h2 />

Explanation:

In the case of salt,the supply is more elastic than the demand which implies that the salt sellers are relatively more responsive to salt price change in the market.Therefore,if any tax is imposed on them,it would basically translate into higher production cost for the sellers and due to price elasticity of supply,the sellers would pass the tax to the salt consumers who are comparatively less price sensitive.Now,since the consumer demand for salt is inelastic and the consumers are relatively price insensitive,the consumers won't perhaps mind paying a higher market price for salt including the extra tax.Hence,in this instance,the tax burden would fall on the salt buyers or consumers.

On the other hand,based on the same line of argument,the tax burden would fall on the sellers of caviars as the price elasticity of caviar supply is less than that of the caviar demand.In this case,the caviar sellers are less sensitive about changes in market price of caviars and thus,won't mind paying a relatively higher production cost/expense which is inclusive of the tax burden.Due to higher price elasticity of demand or price responsiveness,the cavier consumers would be reluctant to bear the tax burden and pass it onto the sellers.

8 0

3 years ago

Marc and Michelle are married and earned salaries this year of $69,200 and $13,950 respectively. In addition to their salaries,

Nikitich [7]

Answer:

The answer is below

Explanation:

Gross income = Marc salary + Michelle salary + corporate bond interest = $69200 + $13950 + $1150 = $84300

AGI deductions = contribution + alimony = $3150 + $2150 = $5300

Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000

Let us assume married filing jointly = $24000

Itemized deductions = $7300

Greater of married filing jointly and Itemized deductions = married filing jointly = $24000

personal and dependency exemptions = $4050 per person

Therefore personal and dependency exemptions for Marc, Michelle and their child = 3 * $4050 = $12150

total amount of Marc and Michelle's deductions from AGI = Greater of married filing jointly and Itemized deductions + personal and dependency exemptions = $24000 + $12150 = $36150

b) Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000

4 0

2 years ago

Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2019 Stock Date Purchased Date Sol

AysviL [449]

Answer:

Charu Khanna

The Net capital loss is:

= $2,000.

Explanation:

a) Stock Transactions and Data during 2019:

Stock Date Date Sold Sales Price ($) Cost Basis ($)

Purchased

4,000 shares Green Co. 06/04/07 08/05/19 12,000 3,000

500 shares Gold Co. 02/12/17 09/05/19 54,000 62,000

5,000 shares Blue Co. 02/04/08 10/08/19 18,000 22,000

100 shares Orange Co. 11/15/18 07/12/19 19,000 18,000

Total $103,000 $105,000

Net capital loss:

Long-term capital loss = $3,000

Short-term capital gain = $1,000

Net capital loss = $2,000 ($3,000 - $1,000)

8 0

2 years ago

Record the January 31, 2019 adjusting entry for the December 31, 2018 receipt of $3,000 from race participants for providing ser

MAXImum [283]

Answer:

Debit Unearned revenue $1,000

Credit Service revenue $1,000

Explanation:

When cash is received in advance for service yet to be provided, an asset and a corresponding liabilities are created.

The liability is then reduced as the revenue for which cash was collected in advance is earned.

Given that the December 31, 2018 receipt of $3,000 from race participants for providing services for three races. One race is held on January 31, 2019 and the other two will be held in March 2019.

Revenue from one race = 1/3 × $3,000

= $1,000

Since One race is held on January 31, 2019, entries required

Debit Unearned revenue $1,000

Credit Service revenue $1,000

Being entries top recognize revenue earned from the race held on January 31, 2019 .

4 0

3 years ago

Sorry i accidently did this. do not know how to work

san4es73 [151]

Answer:

sorry for u

Explanation:

will they barn u

6 0

2 years ago

Read 2 more answers