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3 years ago

Greater indirect costs are associated with:

Business

1 answer:

kari74 [83]3 years ago

6 0

Answer:

d. All of these answers are correct.

Explanation:

Indirect cost are cost that are not directly associated to the cost of a particular project. It could be overhead cost or subsidiary cost.example of indirect cost are; personel cost, rent, utilities cost and so on.

It should be noted that Greater indirect costs are associated with Quality specifications and testing,Inventoried materials and material control systems as well as Specialized engineering drawings.

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On January 1, Year 2, Grande Company had a $16,000 balance in the Accounts Receivable account and a zero balance in the Allowanc

Sonja [21]

Answer:

Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is:

= $97,000.

Explanation:

a) Data and Calculations:

Accounts Receivable balance on January 1, Year 2 = $16,000

Allowance for Doubtful Accounts balance on January 1, Year 2 = $0

Service Revenue on credit during Year 2 = $104,000

Cash collected from Accounts Receivable = $97,000

Accounts Receivable balance on December 31, Year 2 = $23,000

Allowance for Doubtful Accounts balance on December 31, Year 2 = $2,080 ($104,000 * 2%)

Net Accounts Receivable balance on December 31, Year 2 = $20,920 ($23,000 - $2,080)

b) The $97,000 is the actual cash inflow received from customers during Year 2. It increases the cash inflows and forms part of the operating activities section of the Statement of Cash Flows for Year 2 under the direct method.

8 0

3 years ago

An employer instituted a wellness program for all employees. The wellness program includes an exercise facility and several pay

Airida [17]

Answer:

Option "B" is the correct answer to the following statement.

Enlightened Self-interest School.

Explanation:

Enlightened self-interest is an ethical principle which states that individuals who act to promote the interests of everyone else, or the interests of the group or groups to something that they belong, inherently act in their interests.

Employee wellness programs are plans, about health insurance, a form of medical benefit that many workers provide – in one sort or the other.

Defining a wellness program is a system to help employees remain healthy, or helps them improve their quality of life in some cases.

8 0

3 years ago

Large firms with multiple offerings in a particular product category engage in _____ targeting strategies to obtain a bigger sha

Sergeeva-Olga [200]

Answer: Differentiated

Explanation:

Differentiated Marketing is a form of marketing where a business offers several products to meet the needs of the different segments found in a market. Large firm's can produce several products to meet the need of the various market segments which would increase purchase of their products.

3 0

3 years ago

Assume there must be one-to-one matching between consultants and projects. For the optimal schedule, what is the total number of

katrin2010 [14]

Complete Question:

The president of a consulting firm wants to minimize the total number of hours it will take to complete three projects for a new client. Accordingly, she has estimated the time it should take for each of her top consultants-Charlie, Betty, Johnny, and Rick-to complete any of the three projects, as follows: Project (Hours) Consultant Charlie 16 11 13 Betty 15 14 18 Johnny 22 12 15 Rick 17 12 22 Assume there must be one-to-one matching between consultants and projects. For the optimal schedule, what is the total number of hours it will take these consultants to complete these projects? Options: 46 hours, 61 hours, 53 hours, 54 hours, 50 hours

Answer:

For the optimal schedule, the total number of hours it will take these consultants to complete these projects is:

54 hours

Explanation:

a) Data and Calculations:

Project (Hours)

Consultant A B C D Project assignment

Charlie 13 16 11 13 Charles takes C for 11

Betty 11 15 14 18 Betty takes A for 11

Johnny 15 22 12 15 Johnny takes D for 15

Rick 17 17 12 22 Rick takes B for 17

Minimum hours 11 15 11 13 Total hours taken 54

b) To achieve optimal schedule, Consultant Betty should take project A, spending 11 hours. Consultant Charlie should take project C for 11 hours. Consultant Johnny should take project D for 15 hours, while Rick takes project B for 17 hours. This gives a total of 54 hours spent on the four projects.

8 0

3 years ago

Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

OLEGan [10]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

For the year ended, December 31, 20YY

Sales $755,000

Less: Cost of merchandise sold (330,000)

Gross Profit $425,000

Less: Operating expenses

Administrative expenses $35,000

Selling expenses $50,000

Total operating expenses $85,000

Income from operation $340,000

Other revenue and expenses:

Rent Revenue $25,000

interest expense ($30,000)

Total other revenues (expenses) $(5,000)

Income before taxes $335,000

Less: Income Tax 0

Net Income (loss) $335,000

That is the appropriate way to prepare a multi-step income statement

3 0

3 years ago