A. Those Are the production model factors
Answer:
Accordingly, the change should be disclosed in notes to the financial statement of the current year.
Explanation:
A change in accounting principle occurs when there is change in a method adopted for measuring an accounting item. For example, change in depreciation method used. This change is usually apply prospectively i.e that is in effect of the future period. When this happen, it breaches the principle of consistency that accounting methods should remain same from period to period and distort comparison across period.
In order to curtail this, it is important to disclose to users of the financial statement that there is a change in accounting principle.And this disclosure should be made in the current period even if the change in accounting principle does not materially affect the current year figure.
Making this disclosure will enable the users to understand how the comparison will be made and reason for the change in accounting principle.
Answer:
Public relations specialists create and maintain a favorable public image for the organization they represent. They craft media releases and develop social media programs to shape public perception of their organization and to increase awareness of its work and goals.
Explanation:
Answer: $205,100
Explanation:
Cost of materials is the total amount spent on the materials that were used for production in the current period.
Formula is:
= Beginning raw material inventory + Raw material purchases - Ending raw material inventory
= 53,200 + 210,000 - 58,100
= $205,100
Answer: 13.88%
Explanation:
The cost of equity can be used along with the variables given to calculate the price of a share using the Gordon Growth model so this can be remodeled to solve for the cost of equity.
Price of stock = (Dividend * (1 + growth rate)) / (cost of equity - growth rate)
35 = (2.96 * (1 + 5%)) / (cost of equity - 5%)
35 = 3.108 / (cost of equity - 5%)
(cost of equity - 5%) * 35 = 3.108
Cost of equity - 5% = 3.108 / 35
Cost of Equity = (3.108 / 35) + 5%
= 13.88%