Answer:
TRUE
Explanation:
In managerial accounting, there are 2 meanings and significance of a relevant range.
1. The relevant range is the level of activity (range) that a firm is operating i.e. the volume of its production activity.
2. The relevant range is the level of activity within which certain cost behaviors are true i.e. whether the costs by their characteristics are fixed or variable.
Beyond a relevant range, cost behaviors could change in 2 ways
1. Variable costs could start manifesting the characteristic of semi variable costs or mixed costs or
2. Fixed costs could become stepped and become stepped fixed costs.
Therefore cost estimations which is based on cost behavior are only VALID within the relevant range. It is only within a given level of output that certain cost estimations holds true.
Answer:
Asset and expense accounts appear on the debit side of the trial balance whereas liabilities, capital and income accounts appear on the credit side.
Answer:
a. the alternative punishments that are available
Explanation:
Alternative punishments generally tend to change the support patterns with more softline polling members opting for alternative punishments rather than death penalty.
Answer:
a. $1,965,000
Explanation:
The computation of total stockholders' equity is shown below:-
Paid-in capital from Treasury Stock = 1,800 × ($30 - $28)
= 1,800 × $2
= $3,600
Retained earning = $500,000 + $450,000
= $950,000
Treasury stock = ((3,000 - 1,800) × $28) + (3000 × 35)
= (1,200 × $28) + (3000 × 35)
= $33,600 + $105,000
= $138,600
Total stockholders' equity on December 31, 2007 = Common stock + Paid-in capital in excess of par value + Paid-in capital from Treasury Stock + Retained earnings - Treasury stock
= $900,000 + 250,000 + $3,600 + $950,000 - $138,600
= $2,103,600 - $138,600
= $1,965,000
So, we have applied the above formula.
1. Unions have been in decline since the 1960s because of
Answer: <u>A. foreign competition.</u>
Explanation: Unions were often conducted in the past in order to protect workers from<em> "arbitrary decisions" </em>of employers. Such decisions resulted to the<em> laying off of workers </em>and<em> cutting of wages</em>. On the contrary, business owners have a different goal. They wanted to make more profit by cutting the wages, so they didn't like the unions. However, unions have been in decline in the 1960s, mainly because of international/foreign competitions. This is because the "bargaining power of the unions as they represent the employees were reduced."
2. When a bank evaluates a person for a loan, what does the word "capacity" refer to?
Answer: <u>C. The ability to make payments on time.</u>
Explanation: A bank evaluates a person for a loan according to his "capability to pay" the loaned amount. It is not according to his willingness to pay, but to his<em> "ability to return the money</em>." In order to know whether a person is capable of repaying the money on time, the bank analyzes the borrower's gross income and his debt.
