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Lina20 [59]
3 years ago
12

All of the following are included in the heading of an income statement except: Select one: a. Year-end date b. Statement of inc

ome c. Period of time covered by the statement d. Business name
Business
1 answer:
Vladimir79 [104]3 years ago
5 0

The correct answer is choice a - year end date.

The heading of the statement includes the business name, the name of the statement and the period of time that the statement is for. The year end date is not correct because an income statement is for a period of time, not for a particular date.

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A department adds all materials at the beginning of the process and incurs conversion costs uniformly throughout the process. Fo
zubka84 [21]

Answer:

The unit costs for materials is $1.62 per unit

The unit costs of conversion costs  is $2.13 per unit

Explanation:

In determining the the unit production costs for materials and conversion costs, it is very important to calculate equivalent number of units applicable to materials as well as the one applicable to conversion costs

Equivalent units for materials

Completed units        40000 @100% complete    40000

Ending inventory        [email protected] 100% complete   <u>20000</u>

                                                                                 <u>60000</u>

Equivalent units for conversion costs

Completed units [email protected]%                  40000

Ending inventory 20000 @ 30% complete  <u>6000</u>

                                                                         <u>46000</u>

unit production costs of materials=$96960/60000=$1.62 per unit

unit production costs of conversion costs=$97860/46000=$2.13 per unit

8 0
4 years ago
Folsom Fashions sells a line of women's dresses. The company uses flexible budgets to analyze its performances. The firm's perfo
Svetlanka [38]

Answer is below in attachment

Download docx
8 0
3 years ago
You are considering two insurance settlement offers. The first offer includes annual payments of $36,000, $42,000, and $50,000 o
Svetradugi [14.3K]

Answer:

The answer is: Today you could accept any lump sum ≥ $111,144.18

Explanation:

First we must calculate the present value of the three cash flows. We can do it manually or in an excel spreadsheet using the PV formula.

Using an excel spreadsheet the present value is $111,144.18

Today you could accept any lump sum ≥ $111,144.18

You can do this calculation manually also:

pv = [$36,000 / (1 + 7%)] + [$42,000 / (1 + 7%)²] + [$50,000 / (1 + 7%)³] = $111,114.18

5 0
4 years ago
Calculeeze, an accounting firm, advertises a job opening for the position of financial advisor. The advertisement states that wh
IRISSAK [1]

Answer:

The correct answer is D

Explanation:

RJP stands for the Realistic Job Preview, which is an tool or an approach for recruiting and it is used through the business or firm in order to communicate the vital aspects of the job prior or before offer the position.

And offering or providing the RJP which is well designed to the new employees during the process of application which reduce the turnover and also enhance the commitment of new employee.

So, in this scenario, the firm has provided the realistic job preview as they states the monetary benefits grounded on performance.

5 0
3 years ago
You have an employee who enjoys motivating and influencing others. He often takes control of a project. This employee is most li
grandymaker [24]

Answer:

POWER

Explanation:

Mc-Clelland's Acquired Needs Theory : is a theory stating the three main driving forces of motivation in a person's life.

  • Achievement : Need for a sense of success accomplishment
  • Affiliation : Need for earning a good rapport
  • Power : Need for having authority to lead & influence others

The Employee who enjoys motivating and influencing others. He often takes control of a project. : He is a proper example of being motivated by need for power'. As, he likes to lead the projects & influence, motivate people.

5 0
4 years ago
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