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alina1380 [7]
3 years ago
8

Which of the following is the definition of baseline?

Business
1 answer:
Rasek [7]3 years ago
8 0

Answer:  Option A

Explanation: In simple words, baseline can be define as the level of some activity that can be considered as the average or normal performance level and be set as a criteria for future purposes. It is seen as an expected performance that will occur every time activity will be performed.

A baseline is a fixed reference point which is not changed occasionally. A base line works as a core factor in planning process as all the objectives will be set according to the baseline determined.

Hence the correct option is A.

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All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______
mihalych1998 [28]

Answer:

A) Accounting for bonds and notes under US GAAP and IFRS is similar.

Explanation:

US GAAP and IFRS do not have the same accounting guideline for bond issue cost:

Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.

5 0
3 years ago
The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes
kari74 [83]

Answer:Please see answers in explanation column

Explanation:

a) Journal to record factory labor cost

      Account titles and explanation        Debit                Credit

Factory Labor                                             $480,000  

Factory wages payable                                                 $400,000

Employer payroll taxes payable                                  $80,000

Factory Labor=Factory wages payable+Employer payroll taxes payable                                  

= $400,000 + $80,000 =$480,000

b) Journal to transfer factory labour to production

Account titles and explanation                                Debit             Credit  

Work in process inventory(480,000 x 75%) $360,000  

Manufacturing Overhead(480,000 x 25%)          $120,000  

Factory Labor                                                                           $480,000

3 0
3 years ago
The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different prod
Afina-wow [57]

Answer:

<u>Night Lights $ per unit  2.13</u>

<u>Desk Lamps $ per unit 8.50</u>

Explanation:

Determine total number of budgeted direct labour hours for the year

total number of budgeted direct labor hours for the year is calculated

= night lamp labor hours + desk lamp labor hours

= ( 60000 * 1/2 ) + ( 80000 * 2 )

= 30000 + 160000

= 190000

calculated the single plant wide factory overhead rate

factory overhead rate = total factory overhead / total number of budgeted unit

= 807500 / 190000

= 4.25 per labour hour

calculate factory overhead cost per each unit

night lamp = 4.25 * 1/2

= 2.13 per unit

desk lamp = 4.25 * 2

= 8.50 per unit

5 0
4 years ago
Beth and Bob Martin have total take-home pay of $4,600 a month. Their monthly expenses total $3,450. Calculate the minimum amoun
blsea [12.9K]

Answer:$10,350

Explanation:

3,450* 3 (month minimum) = 10,350

6 0
3 years ago
What’s the answer ?intro to business
kiruha [24]

Answer:

Here Hope has missed clicking the Header Row Options.

Explanation:

Here Hope has missed clicking the Header Row Options, that's why the row of Gas an Percentage has gone to the third number. He has chosen the Ascending Order Button, that's why all the data has been arranged in the alphabetically ascending order, which consequently has dislocate the Main heading of Gas and Percentage from the top.

It should be like as shown below (After clicking Header Row Option):

Gas                        Percentage

Argon                          0.93

Carbon Dioxide          0.04

Nitrogen                      78.00

Oxygen                       21.00

Other Gases               0.03

5 0
3 years ago
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