Answer:
Accounting information identifies, records and communicates information about a business.
Explanation:
The accounting information identified the business records and communicate the business information to the insiders and outsiders also it does not have any effect on everyone except the stakeholders. In addition to this, it is not depend upon the valuation made for the stock market
So as per the given situation, the above statement should be correct
Answer:
<em>to efficiently and effectively utilize the resources that the management has in hand. </em>
<em>hope this helps</em><em> </em><em><</em><em>3</em>
The thing that resulted in the board of directors taking the action regarding the pay cut for the CEO is due to A. Unethical actions in regard to a whistleblower's identity.
A whistleblower simply means an individual who can also be an employee for an organization or a government agency that discloses information to the public for wrongdoing.
Based on the complete information, it should be noted that the information illustrated was about Barclay's case study. Based on the information, the pay cut for the CEO wasn't due to the investigation by the Financial conduct authority but rather, due to unethical actions in regard to a whistleblower's identity.
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Answer and Explanation:
a. The computation of overhead rate using activity-based costing is shown below:-
Cutting = Cost ÷ Machine Hours
Cutting = $381,600 ÷ 228,000
= $1.67 Per Machine Hours
Design = Cost ÷ No. of Setup
Design = $620,100 ÷ 1,710
= $362.63 per set up
The computation of the amount of Overhead Allocated is shown below:-
Wool:
114,000 × $1.67
= $190,380
= 1,140 × $362.63
= $413,398
Total = $603,778
Cotton:
114,000 × $1.67
= $190,380
= 570 × $362.63
= $206,669
Total = $397,049
The computation of amount allocated using traditional approach is shown below:- = $1,001,700 ÷ 2
= $500,850
Overhead Allocated to Wool = $500,850
Cotton = $500,850
Answer:
The credit period is the number of days that a customer is allowed to wait before paying an invoice
Explanation:
This indicates the amount of working capital that a business is willing to invest in its accounts to generate sales
