Answer:
e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.
Explanation:
Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.
For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .
Answer:
The expected return on the stock is 9.785%
Explanation:
The expected rate of return on a stock is the return of the stock expected in different scenarios multiplied by the probability that those scenarios will occur. The expected return can be calculated as follows,
r = rA * pA + rB * pB + ... + rN * pN
- Where,
- rA, rB to rN expects return under different scenarios
- pA, pB to pN represents the probabilities of each scenario
Thus,
r = 0.157 * 0.15 + 0.098 * 0.73 + 0.023 * 0.12
r = 0.09785 or 9.785
Answer:
$2800
Explanation:
First of all, the order received from Tinley High School has not been delivered by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.
However, out of the goods of $3120 sold to Palos Middle School,$320 worth has been returned as defective,leaving a balance of $2800($3120-$320).
For Palos to be entitled to the discount of 2% they should have made payment by 24th November,which never happened,as a result the accounts receivable stay at $2800
Answer:
Microeconomics is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. This helps with understanding a business and how well put together they are.
