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3 years ago

The difference between a standard and a budget is that:________.

1 answer:

7 0

A budget usually refers to a department's or a company's projected revenues, costs, or expenses. A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output. So the answer will be D.

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Wildhorse Company purchased $1350000 of 11% bonds of Scott Company on January 1, 2021, paying $1272578. The bonds mature January

Mashutka [201]

Answer:

Wildhorse Company

For the year ended December 31, 2021, Wildhorse Company should report interest revenue from the Scott Company bonds of:

= $152,709.

Explanation:

a) Data and Calculations:

Face value of bonds purchased on January 1, 2021 = $1,350,000

Interest rate on the bonds = 11%

Effective interest rate = 12%

Cash paid for the bonds = $1,272,578

Discount on bonds = $77,422

Interest revenue for 2021 = $1,272,578 * 12%

= $152,709 based on the effective interest method.

8 0

3 years ago

Consider a bank counter with two employees serving the customers. Deposit takes 5 minutes, cash withdraw takes 6 minutes, and el

Pavel [41]

Answer:

75%

Explanation:

As we know that

Utilization of the counter is

= Required time ÷ Capacity in terms of minutes per hour

where,

Required time is

= 5 minutes × 10 deposit transactions + 6 minutes × 5 withdraw transactions + 10 minutes × 1 electronic transfer

= 50 minutes + 30 minutes + 10 minutes

= 90 minutes

And, the capacity is

= 60 × 2

= 120 minutes

So, the utilization is

= 90 minutes ÷ 120 minutes

= 75%

4 0

3 years ago

A CEO wants to make the argument that his company should put policies and structures in place to ensure adherence to the highest

Makovka662 [10]

Answer:

Employees prefer to work for highly ethical organizations.
Research has shown a correlation between organizations’ commitment to ethics and profitability.
Most consumers would prefer to buy products made by a company that demonstrates ethical behavior.

Explanation:

I'm not sure that these statements are all true, but I really hope they are. As an employee I would definitely prefer to work for a highly ethical business, and I think most people would share my preference. There is a strong correlation between ethics and how the business is managed, and if an ethical business is well managed (e.g. employees are treated fairly), then both their employees and customers should notice and that should increase their efficiency and total sales. An increase in efficiency should usually result in lower costs + higher sales = higher profits.

3 0

3 years ago

BE16.11 (LO 4) Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2020. On May 1, Tomba issued 30,00

Butoxors [25]

Answer

1) Issued for Cash

Weighted Average number of shares at year end 330,000

b) Issued for Dividends

weighted Average number is 320,000

Explanation:

The Weighted average number (assuming year end is 31 December)

300000 * 12/12 = 300000 full year

30000 = 30000

issued for dividends

Weighted average number

300000 * 12/12 = 300000 full year

30000 * 8/12 = 20000

total at year end 320000 shares

8 0

3 years ago

Philip's Inc. reports stockholders' equity on its financial statements. The two items reported in the stockholders' equity secti

netineya [11]

Answer:

Paid-in capital.

Explanation:

Philip's Inc. reports stockholders' equity on its financial statements. The two items reported in the stockholders' equity section of Philip's balance sheet are paid-in Capital and Retained Earnings.

In Financial accounting, Paid-in capital is one of the most essential components of the equity of a business and can be defined as the payments received in full (cash or assets) from shareholders (creditors or investors) in exchange for a company's stock. It comprises of common stock and preferred stock.

3 0

3 years ago