Answer:
$30
Explanation:
The computation of relevant unit cost to make the part internally is shown below:-
Relevant cost of making part = Direct material + Direct labor + Manufacturing overhead
= $4 + $10 + ($40 - (100% - $60%)
= $4 + $10 + ($40 - 40%)
= $4 + $10 + $16
= $30
So, for computing the relevant unit cost to make the part internally we simply applied the above formula.
Answer: Option E
Explanation: In simple words, a business model refers to a framework that is used by the organisation to monitor and analyze the activities that are done in the workplace for smooth running of operations.
This model works a guideline and also facilitates the objectives of comparison for an organisation.
Thus, the correct option is E .
I'm assuming you want to talk about accountants, that is a practitioner of accounting or accountancy. They do disclosure or provision of assurance about financial information. This in turn helps managers, investors, tax authorities and others make decisions
about allocating resource.
In the US licensed accountants are Certified Public Accountants (CPAs), or Public Accountants (PAs), this varies from state to state.
Answer:
$11,290
Explanation:
The computation of the amount that should be borrowed is given below:
Opening cash balance $25,000.00
Add Cash Receipts 95,000.00
Less Cash Disbursements (111,290.00)
Balance before adjustment 8,710.00
Desired ending cash balance 20,000.00
Amount to be borrowed 11,290.00
Hence, the first option is correct
Answer: C) mutually unexecuted contracts between buyers and sellers.
Explanation:
Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.
In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.
This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.
