Answer:
The correct answer is B
Explanation:
The contingency is the plan, which is course of action for the business that would take if an unexpected situation occur. So, the contingency plan is the plan or method which ensures that the business is prepared for what may come.
Accrual for contingency, it is the information which is available previously to issuance of the financial statements that indicates the assets has been impaired and the loss amount could be reasonably estimated.
The one which is most likely need the accrual is the customer premium offers as it is the technique of sales promotion where the customers are provided two or more products and they pay the price lower of the combined products.
Answer:
During a situational analysis of the internal environment of her dog training service, Jaela determined that one of her strengths was that trained dogs retained their skills for at least three months after training, and that one of her weaknesses was that very few clients brought another dog to her for training.
Internal environment simply are the various conditions, entities, events, and factors within a place or organization that affect its works and choices, mostly the behavior of the workers and in this case the dog.
Conclusively, we can say that internal environment of animal can determined how their skills will be, after its training. :)
Answer:
c. $30,000 F
Explanation:
As per the given question the solution of Difference for the controllable margin is provided below:-
To reach at Difference for the controllable margin first we will find the controllable margin of budgeted and controllable margin of actual which are as follows:-
Controllable margin of budgeted = Sales - Variable cost - Fixed cost
= $460,000 - $250,000 - $80,000
= $130,000
and
Controllable margin of Actual = Sales - Variable cost - Fixed cost
= $500,000 - $280,000 - $60,000
= $160,000
finally
Difference for the controllable margin = Controllable margin of budgeted - Controllable margin of Actual
= $130,000 - $160,000
= -$30,000 Favorable
Here the actual is higher that budgeted so it will be favorable.
Answer:
267 output
Explanation:
The computation of the output produced in the short run is shown below:
As it is given that
AVC i.e average variable cost function = 4.0 - 0.0024Q + 0.000006Q^2
And,
FC i.e fixed cost = $500.
Plus we know that
Total variable cost i.e TVC = AVC × Q i.e Quantity
So,
AVC × Q = TVC
= 4Q - 0.0024Q^2 + 0.000006Q^3
And,
The total cost = Total variable cost + Fixed cost
So,
TC = TVC + FC
= 4Q-.0024Q^2 + .000006Q^3 +$500.
And, the MC i.e marginal cost is
= Total cost ÷ Quantity
MC = 4 - 0.0048Q + 0.000018Q^2
MC = 4
So,
Price = MC i.e 4
4 - .0048Q + .000018Q^2 = 4
So after solving this Q is 266.67 i.e 267 output