Answer:
<u>A</u>
<u>Explanation</u>:
In this scenario note that it resulted to total dollar cost of the minutes provided been greater than the budgeted cost of estimated minutes.
Key word there is that the cost incurred is now above the budget, <u>therefore it is very likely that the technicians were being less competent than anticipated at their level, leading to greater cost.</u>
Answer:
Monthly deposit= $336.46
Explanation:
Giving the following information:
Future Value (FV)= $13,000
Number of periods= 12*3= 36 months
Interest rate= 0.048/12= 0.004
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (13,000*0.004) / [(1.004^36) - 1]
A= $336.46
Answer:
If the firms want to maximize profit and they are price takers, they will eventually start hiring more women. Since the demand for female workers is lower, the price of their labor should also be lower. That means that if a firm wants to maximize its profits, it will need to decrease its costs. A way to decrease a company's costs is to hire cheaper labor.
Answer:
$12,000
Explanation:
Given:
Payroll(7 days) = $20,000
Number of work day in week = 5 Days
Computation:
Per day Payroll = Weekly payroll / Number of work day in week
Per day Payroll = $20,000 / 5
Per day Payroll = $4,000
Deductible Days = Monday + Tuesday + Wednesday
Deductible Days = 3 days (work day in week)
So, Debited Amount = Number of days x payroll amount per day
= 3 x $4000
= $12,000
Answer:. b) The standard statements focus on accounting income for the entire corporation, not cash flows, and the two can be quite different during any given accounting period. However, for valuation purposes we need to discount cash flows, not accounting income.Moreover, since many firms have a number of separate divisions and since division managers should be compensated on their divisions' performance not that of the entire firm, information that focuses on the divisions is needed. These factors have led to the development of information that is focused on cash flows and the operations of individual units.
Explanation: GAAP(generally accepted accounting principles) are sets of principles and guidelines which govern the preparation of accounting statements. They are prepared by the Financial accounting standards board, All public companies in the United States of America must follow these principles in making Financial statements.
The principles include OBJECTIVITY,MATERIALITY,CONSISTENCY AND PRUDENCE. Through this four core principles of GAAP financial statements are expected to be prepared.