Answer:
a.$0.017.
Explanation:
Fulton and Sons, Inc. use high-low method to calculate costs. This is one of the methods to estimate cost. This method analyzes high level of activity and low level of activity and then compares it with cost at each level of activity. The variable cost per copy will be calculated by the formula given below,
The variable cost per copy = (High Cost - Low cost) / (High units - Low units)
= $470 - $420 / 13,000 - 10,000
= $50 / 3000
= $0.017 per copy.
Answer:
<em>Bureaucratic </em>
Explanation:
Bureaucratic control is a control method used in administration that relies heavily on strict recording, reporting, tracking, employee productivity evaluation.
Bureaucratic management involves the implementation of a systematic system of rules and procedures for controlling people's actions and behavior.
To work efficiently,<em> it often requires expensive information systems and computer software.</em>
The main benefit of this type of control is clear objectives and obligations, the main disadvantage is high costs and decreased inventiveness and innovation.
<span>Based on this information, we would conclude that mary is in the concrete operational stage of development. The concrete operational stage of development is the third stage of Piaget's theory of cognitive development. In this stage it shows how someone starts thinking as a child grows up and it relates to logical thoughts as they get older. </span>
Answer: Please see the analysis below
Explanation: The following are the financial statement effects
Assets Liabilities Stockholders Equity Income Expense
Write-off of $10,000 - - Nil Nil Nil
Bad debt of $8,000 - + - - +
- Write-off of customer balances of $10,000 would lead to reduction in assets and also reduction in liabilities (since the provision for doubtful accounts reports to liabilities but mapped to the accounts receivable to show the net amount). Here, we have assumed that there is an existing allowance for doubtful accounts that has $10,000 buffer or more. If the write-off was not initially provided for, it would hit expense by debiting bad debt expense and crediting the accounts receivable. <em>Its effects are therefore decrease in asset, decrease in liabilities.</em>
- Bad debt expense of $8,000 affects the expense and the liabilities/assets. Journal entries to record the bad debt expense is Debit Bad debt expense $8,000; Credit Allowance for doubtful accounts $8,000. So, it affects the expense, liabilities and ultimately the assets (allowance for doubtful accounts is a contra to the accounts receivable). <em>Its effects are increase in expense, increase in liabilities, decrease in stockholders equity, decrease in income and decrease in assets</em>
Answer: duty not to profit secretly
Explanation: Fiduciary duty could be explained as a legal binding or obligation on an individual, partner or employee who is expected to act in the best interest of another. Fiduciary duty requires transparency and honesty which in most cases is usually attached to financial openness in transactions between clients and service providers. Fiduciary obligation requires that the representative or partner of the service provider deals transparently with the client especially in the best interest of other partners or organization.
If Susan agrees to take Mimms payment, duty not to make secret profit will be breached as the payment is without the consent of Andrusian consulting
