If using insider information "happens all the time," as Sue told Lauren, it is likely that the company lacks a strong ethical climate. The ethical climate refers to the moral atmosphere within a work place. The ethical climate takes the values, decisions and choices into consideration and the ultimately what decision was made. The commend "it happens all the time" shows that even though there are other options to be made, the better options are less likely to be chosen.
The Cash flow on total assets ratio equals 3.8%.
Cash flow on total assets = cash flows from operations / average total assets
= 139,000 / 3,640,000 = 3.8%
A measure of profit called cash flow on total assets measures actual cash flows to the assets of the business without taking into account income recognition or income measurements. By dividing operating cash flows by average total assets, one can obtain the cash flow on total assets ratio. There may be a considerable reason for concern if the ratio falls below 10%. For a business to sustain long-term growth, it is necessary to have a positive cash flow, which essentially implies that more money goes into the till than it does out.
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Answer:
$1,200 favorable
Explanation:
Given,
Standard unit price for direct materials, SP = $8 per gallon
Actual direct materials price, AP = $22,800
Actual number of direct materials, AQ = 3,000 gallons
Actual unit price for direct materials = Actual direct materials price ÷ Actual number of direct materials
Actual unit price for direct materials = $22,800 ÷ 3,000 gallons
Actual unit price for direct materials = $7.6 per gallon
We know,
Direct Material Price Variance = (SP − AP ) × AQ
Direct Material Price Variance = $(8 - 7.6) × 3,000 gallons
Direct Material Price Variance = $1,200 favorable
Answer: Option (E)
Explanation:
Managerial accountant tends to analyzes and records the financial data and information by the means of interpreting, collecting, and also preparing financial data to company's or organization's management team. The information and data is further then used in order to form practical financial decisions which can further benefit the organization's overall growth.
Answer:
The paint calculator is useful if you're planning an interior or exterior home painting project. Here are a few details so you can better understand how we came up with our calculations. How Much Does a Gallon of Paint Cover? One gallon of paint covers approximately 350 square feet. A standard door accounts for approximately 20 square feet
Explanation:
