Answer: (B) A cost changes as the related activity changes.
Explanation: Cost behaviour is a popular concept in Accounting( studied indepthly in Cost Accounting, a branch of Accounting) that deals with the relationship between cost/expenses and business activity. It tries to explain how much cost would change as a result of increase or decrease in a certain activity or activities in business, with the main aim of finding the best(optimum) combination of cost and activities. In other words, the amount of cost and activities that will yield best returns(maximum profit).
Answer:
Sick Leave - C
Explanation:
Evaluating performance helps determine whether to promote, transfer or layoff but it does not determine whether or not an employee can use sick leave. You can lower an evaluation based upon performance and abuse of sick leave. If an employee is frequently absent without an excuse, then their performance and work tasks will suffer. This allows a manager to lower a performance rating.
Answer:
The correct answer is letter "A": Accrual-basis revenues exceed cash collections from customers.
Explanation:
Revenue collected in advance are profits collected usually at the beginning of a contractual agreement that implies obligations from the firm for a certain time. For instance, insurance companies charging a one-time payment for an annual policy fall into this category.
The accrual basis of accounting states that profits are reported on the income statement as they are earned. In that case, if the revenue collected in advance decreases, the accrual-basis revenues will be higher than the cash collections from customers under the advanced payment method.
The parents would deposit $ 3150 on the second birthday.
Explanation:
The initial amount deposited on the first birthday- $ 3000
Incremental % for each year deposit- 5 %
Rate of Interest provided by the education savings account- 6%
The term for which they would be depositing- 18 years (until the baby turns of 18 years means 18 annual instalments)
The amount that parents would deposit on the second birthday-
The amount deposited by parents would be 5% more than the amount deposited by them on the previous birthday
Hence incremental amount would be 5% of 3000
(5/100) *3000= $ 150
The amount that would be deposited on 2nd birthday would be 3000+150= $ 3150
Answer:
return in dollars: 2.38
rate of retrun: 6.35%
Explanation:
<u>there are two returns:</u>
<em>one is the dividends</em> cash flow of $ 0.6
and the other is the <em>capital gain:</em>
current market price - cost: 39.28 - 37.5 = $ 1.78
total return in dollars: $ 2.38
2.38/37.50 = 0,06346667 = 6.35%
