Answer:
The answer is relevance and faithful representation.
Explanation:
Accounting information that is not relevant useful.
Relevance is when the accounting information in timely and use for taking major business and economic decisions.
Another one is faithful representation. Accounting information must be faithfully represented. It must be objective and free from bias.
If Accouting information is to be faithfully represented, it must have the following:
1. Completeness. There must be full disclosure of information. No material item or information must be omitted.
2. Error-free It must be 99percent error free.
3. It must be free from bias. Objectivity is the key.
Answer:
a. True
Explanation:
The statistical difference between a process operating at a 5 sigma level and a process operating at a 6 sigma level is markedly different when it comes to the number of defects present, which is a true statement because as we know process sigma indicates the process variation and is measured in terms of data units, while process sigma count Z, or process sigma level, is a count with no unit of measure and sigma is a statistical term that measures how much a process varies from perfection, based on the number of defects per million units. And also we know that a six sigma process is 1 in which 99.99966 percent of all chances to provide some characteristics of a part are statistically assumed to be free regarding defects.
Answer:
Density of propane = 17.8 g/L
Propane is more priced than gasoline
Explanation:
Given:
Temperature, T = 298 K
Pressure, P = 10 bar = 0.987 × 10 = 9.87 atm
now,
Molar mass of propane, M = 44.1 g/mol
From ideal gas law
⇒ PV = nRT
here,
n is the number of moles
R is the ideal gas constant = 0.0821 L.atm/mol.K
also,
Density, D = 
or
V = 
and,
nM = mass
thus,
V = 
substituting in the ideal gas relation
we have
P = 
or
D = 
or
D = 
or
D = 17.8 g/L
Now,
1 gallon = 3.78 Liter
Therefore,
5 gallon = 5 × 3.78 Liter = 18.9 Liter
Thus,
mass of 5 gallon propane = Volume × Density
= 18.9 Liter × 17.8 g/L
= 336.42 g
or
= 0.336 kg
also it is given that Price of 5 gallon propane i.e 0.336 kg = $30
Therefore,
Price per kg = 
= $89.28
and,
Mass of 5 gallons i.e 18.9 Liter gasoline = Density × Volume
= 0.692 g/cm³ × 18.9 Liter
also,
1 L = 1000 cm³
thus,
= 0.692 g/cm³ × 18.9 × 1000 cm³
= 13078.8 g
or
= 13.078 kg
Therefore,
Price per kg of gasoline = 
= $2.29
hence, propane is more priced than gasoline
Answer:
The equivalent units of production for the month, assuming the company uses the weighted average method is 26,400 units.
Explanation:
The equivalent units of production for the month when the company uses the weighted average method is the addition of the units completed and transferred to next stage and degree of completion of the units in ending Work in Process inventory.
This can therefore be calculated as follows:
Equivalent units of production for the month = Units completed and transferred to next stage + Units in ending Work in Process inventory
Since,
Units completed and transferred to next stage = 16,500 units
Units in ending Work in Process inventory = 16,500 * 60% complete = 9,900 units
Therefore, we have:
Equivalent units of production for the month = 16,500 + 9,900 = 26,400 units
Therefore, the equivalent units of production for the month, assuming the company uses the weighted average method is 26,400 units.
Answer:
A) debit Supplies Expense, $4590; credit Supplies, $4590.
Explanation:
The movements in the supplies account over a period is as a result of purchases ( which results in an increase in the account balance) and usage of supplies( which results in a decrease).
When supplies are purchased, debit supplies account, credit cash. On use of these supplies, debit supplies expense and credit supplies.
Amount of supplies used = $7140 - $2550
=$4,590
Entries required debit Supplies Expense, $4590; credit Supplies, $4590.
