In a transverse wave that travels through a medium, the molecules of the medium vibrate

An outdoor barbecue grill manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of ac

Zina [86]

Answer:

Fixed overhead volume variance $ 2801.3

Explanation:

The difference between budgeted Fixed Overheads and Applied Fixed Overheads gives the Fixed overhead volume variance.

Given Data

(Planned )Denominator level of activity 4,600MHs

Fixed overhead cost$50,140

Actual hours 5,000MHs

Standard hours allowed for the actual output 4,743MHs

Actual total fixed manufacturing overhead cost$48,690

We need Budgeted Fixed overhead and we can find it by dividing the fixed costs by the denominator level of activity and multiplying it with actual hours.

We also need to find Applied Fixed overhead by dividing the fixed costs by the denominator level of activity and multiplying it with standard hours for actual output.

Calculations

Budgeted Fixed Overhead= ($50,140 /4,600MHs )* 5,000MHs

= $ 54,500

Applied Fixed overhead= ($50,140 /4,600MHs )* 4743MHs

= $ 51698.7

Formula

Fixed overhead volume variance=Budgeted Fixed overhead- Applied Fixed overhead

Fixed overhead volume variance= $ 54,500- $ 51698.7= $ 2801.3

5 0

3 years ago

Amy and Lester are the owners of The Hardware Store on main street in a large town. Without consulting Amy, Lester hires an acco

Gre4nikov [31]

Answer:

Refer below the purpose, uses and limitations of Cash Flow Statement

Explanation:

Purpose:

A Cash flow statement is an important part of the financial statements published by reporting firms as per the International Accounting Standard (IAS) 7. A Cash flow statement summarizes the movement of cash from opening balance to closing balance of the financial year. It has three main parts, i.e.

1) Cash flow from operations (It comprise of Cash inflows and outflows from operating activities of the organization whereas non-cash items are removed)

2) Cash flow from investments (It comprise of Cash inflows and outflows from investing activities including assets purchased and sold)

3) Cash flow from finance (It comprise of Cash inflows and outflows from financing activities i.e. loans and shares)

Uses/Benefits:

1) Cash flow information is not easy to manipulate as it just reflects cash inflows and cash outflows, it isn’t affected by accounting policies or accruals.

2) The statement of cash flows provides information about all cash inflows and outflows, from all sources.

3) Cash flow information can provide more detail about the quality of the entity’s revenue, for example, whether customers are (in general) paying their bills.

4) It is easier to understand even to a layman not having technical knowledge of accounting and finance.

Limitations:

1) Management may delay paying suppliers to increase the net cash inflows

2) Management may buy goods using leasing arrangements, to avoid paying cash

3) Cash flows also don’t reflect the earnings of the entity, although a company should be cash positive to trade in the short term, if it is doing this at the expense of sales, or is loss making, it may eventually cease trading.

7 0

3 years ago

By diversifying, the risk of holding stock

snow_tiger [21]

Answer: Option C

Explanation: In simple words, diversification refers to the process in which the holder of a portfolio purchases and includes different types of securities with no or negative correlation between them. By doing so, the risk of the portfolio can be reduced but cannot be eliminated as the systematic risk due to the market inefficiencies cannot be eliminated.

It is evident that over the past two years stocks paid higher returns than bond due to the fact that globalization has increased the market for the companies leading to hoover share which further results in higher return for stock holders in comparison to bond holders who have a fixed return.

8 0

3 years ago

Southfield Company reached an agreement with its bank to transfer a piece of land with a historical cost of $500,000 and a fair

Arada [10]

Answer:

Southfield Company

Prior to the transfer, Southfield should credit

gain on disposal of land for $1 million.

Explanation:

a) Data and Calculations:

Historical cost of land = $500,000

Fair value of land = $1.2 million

Outstanding loan principal plus accrued interest = $1.5 million

There is a gain on disposal of $1 million ($1.5 million - $500,000)

b) With the transfer of resources in full settlement, the land account will be credited with $1.5 million while the Loan accounts are debited with $1.5 million.

This entry in the land account will give rise to a net credit balance of $1 million, which the gain on disposal, debited to the land account.

Therefore, the Gain on Disposal of Land will be credited with $1.5 million as a corresponding entry.

8 0

3 years ago

International ________ are principles, norms, rules, and decision-making procedures around which there is a convergence of actor

Yuri [45]

Answer:

regimes

Explanation:

Stephen David Krasner is an American academician and ex-diplomat who was born on the 15th of February, 1942 in New York, United States of America.

In 1981, Stephen was appointed as a professor of international relations at Standford University. Also, he is a senior fellow at the Freeman Spogli Institute (FSI), Stanford Institute for Economic Policy Research (SIEPR) and the Hoover Institution.

According to Stephen David Krasner, international regimes are composed of principles, norms, rules, and decision-making procedures around which there exist a convergence (meeting) of the expectations of various actors or leaders in an area of international relations.

7 0

3 years ago