Answer:
The correct answer is C: $5.21
Explanation:
Giving the following information:
Pinnacle Corp. budgeted $264,760 of overhead cost for the current year. Pinnacle's plantwide allocation base, machine hours, was budgeted at 50,840 hours.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 264760/50840= 5.21
Answer:
When Andy Forsummer, the owner of Barcelona Restaurants Group, rejects management philosophies that stress employee social relations and employee happiness, he is refuting ideas championed by <u>Henri Fayol's administrative management.</u>
Henri Fayol's administrative management usually looks at the clear decision of labor, work ethics, employee and organizational culture and spirit. It stresses upon how employee social relations and employee happiness is crucial to the success of an organization.
Answer:
Jason Capital account will be increase by $24,800.
Explanation:
Salary and profit/loss are transferred to the capital account of each partner on predetermined sharing ratio.
Partners Franco Jason
Share Ratio 2 1
Salaries $14,400 $30,900
Profit Sharing <u>($12,200)</u> <u>($6,100)</u>
Net Effect $2,200 $24,800
Franco share = Total loss x Franco share ratio = $18,300 x 2/3 = $12,200
Jason share = Total loss x Jason share ratio = $18,300 x 1/3 = $6,100
Answer:
1
Explanation:
The child and dependent care tax credit allows Sam and Edith a $500 deduction for every child or dependent that is 13 or older. But two of their children do not qualify for the following reasons:
- Ann doesn't live with them.
- Alex earned money (more than the $4,200 threshold) and filed taxes separately.
Therefore, they can only claim a dependent tax credit for Adam.
Answer:
The correct answer is B
Explanation:
Internal control is the control, procedures and rules which are executed by the company that ensures the integrity of the accounting as well as the financial information so that could promote accountability and help in preventing the fraud.
So, the one which weakness the internal control of the company is the Clerk 3, checks the mails and then remittances are signed. The Clerk 3 has the responsibility of record keeping. Therefore, giving a signed check to Clerk 3 states that the clerk have the access to an asset which violates the separation of duties.
