In overall utilization ratio it takes all the credit limits and all the credit cards. For example, all the credit limits are $1000 + $750 = $1750. and the cards is $415 + $215 = $630.
To calculate for the credit utilization ratio we divide by the total credit limits on all cards then we multiply by 100. For example,
The first and second credit cards is $415 + $215 = $630.
The first and second limits is $1000 + $750 = $1750.
To get the percentage of the overall utilization ratio we get,
$630 / $ 1750 × 100 = 36%.
Answer:
True
Explanation:
As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:
Fair market value - Tax basis of such asset.
Here, in the given instance
Fair market value of land = $200,000
Tax basis of land = $50,000
Thus, gain on distribution = $200,000 - $50,000 = $150,000
This will not be different in any case, whether the earnings are positive or negative.
Therefore, the statement is True
Answer:
b. $ 2,000 overapplied
Explanation:
Firstly, we need to determine the predetermined overhead rate based on direct labor costs.
Estimated total manufacturing Overhead $ 350,000
Estimated direct labour costs $ 200,000
Predetermined overhead rate $ 350,000 / $ 200,000 $ 1.75 per $ of direct labour costs.
The total manufacturing overhead <u>applied</u> on direct labor costs of $ 208,000, is:
$ 208,000 * $ 1.75 <u> </u>$ 364,000
Actual overhead costs incurred <u>$ 362,000</u>
Manufacturing overhead over applied <u> $ 2,000</u>
Answer:
Training, support, employee performance, company values and technology.
Explanation:
Training: All leaders must have training, such as how to perform performance evaluations. Training in practical issues and management tasks encourages leaders to be more responsible.
Support: Leaders should have the support of the organization. The company's support for its department decisions and professional aspirations is essential for the development of better leaders.
Employee performance: The aptitude and professional interests of the personnel form the basis of the decisions that the leaders take when delegating tasks and responsibilities to the employees, being the same leaders the final responsibility for the result.
Company values: Leaders who work for successful, high-level organizations demonstrate pride and commitment to their positions.
Technology: Technological solutions give the leader greater productivity and efficiency. Technology is a fundamental factor for leaders because it affects their performance.
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