Answer:
Answer is option A, i.e. Strategy analysis.
Explanation:
Strategy analysis can be understood as a process of evaluating the environment in which the business operates. This environment includes both internal as well as external environment. For a business to be successful, it is important that both internal, as well as the external environment, should be taken into consideration. Therefore, the correct answer is option A.
Answer:
Return on Assets (2006) = 7.60 %
Explanation:
Return on Assets = Earnings Before Interest and Tax ÷ Total Assets
Therefore,
Return on Assets (2006) = ($115,000 + $30,000) / ( $600,000 + $60,000 + $900,000) × 100
= $118,000 / $1,560,000 × 100
= 7.60 % (one decimal place)
<span>Retired people will be draining the U.S. economy of wealth. This is due to the quality of workers that are in the current generations to keep contributing to the Social Security System. Social security checks is given back to those who have paid in their contributions and have since retired. To keep funds available for more generations, those currently working need to contribute to the system as well. However, that is getting harder for the current generations to keep up with by either not working or not paying taxes. </span>
Answer:
The credit portion of a general journal entry is always recorded first.
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
Also, the total amount of money credited must equal the total amount of money debited.
The following statements are correct and true about the general journal;
I. The description of a journal entry should include a reference to the source of the information contained in the entry.
II. If goods are purchased on credit, the supplier's invoice number is used as the source document for the transaction.
III. A firm should be able to trace amounts through the accounting records and back to their source documents.
Answer:
Monthly factory overhead flexible budget
9000 HRS 10000 HRS 11000 HRS
Variable Overhead 40,500 45,000 49,500
Fixed Overheads 60,000 60,000 60,000
Total Overhead Costs 100,000 105,000 109,500
Explanation:
Fixed Costs do not change with the level of activity and thus remain the same for activity of 9,000 : 10,000 and 11,000 hours whilst variable overheads vary with the level of activity.
