Answer:
B) $3,000
Explanation:
Since this is defined as a derivative operation, its result must be reported either as a gain or loss as part of normal income. Imp entered a contract to buy 100,000 euros at $0.90. If the exchange rate remained at $0.90 in 90 days, no gain or loss should be recognized.
But the currency exchange increased to $0.93 per euro, so the contract now results in a $0.03 gain per euro (= $0.93 - $0.90), so a gain of $0.03 x 100,000 = $3,000 must be reported.
Answer:
<em>Upper-echelons theory views organizational outcomes as a reflection of the values of the </em><em><u>top </u></em><em><u>management</u></em><em><u> </u></em><em><u>team</u></em>
Explanation:
<em>What</em><em> </em><em>is </em><em>top </em><em>management</em><em> </em><em>team?</em>
<em>T</em><em>he </em><em>top </em><em>management</em><em> </em><em>team </em><em>is </em><em>a </em><em>composed</em><em> </em><em>of </em><em>the </em><em>key </em><em>manager</em><em> </em><em>in </em><em>the </em><em>organization</em><em> </em><em>who </em><em>are </em><em>responsible</em><em> </em><em>for </em><em>selecting </em><em>and </em><em>implementing </em><em>the </em><em>firm's </em><em>strategy</em><em>.</em><em> </em>
Answer:
A. Accounts receivable will be debited by $7,200.
Explanation:
Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.
Recording the transaction for accounts receivable follows the principle for recording assets transactions. An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.
Answer:
Rate variance = $250 favorable
Explanation:
<em>The variable overhead rate variance is the difference between the actual variable cost and the standard variable overhead cost the actual actual hours used.</em>
<em>We would compare the actual cost to the standard cost of the actual hours used . This is done below as follows:</em>
$
4,200 hours should have cost (4200 × 3.75 ) 15,750
but did cost <u>15,500</u>
Rate variance <u> 250</u> Favorable
Note the actual hours of 4,200 cost $250 less than it should be have cost . Hence the variance is favorable
Rate variance = $250
Answer:
D) 25%
Explanation:
Productivity can be described as a measure of profitability of the work done by a company. For example a sales department may measure productivity by number of closed sales in a week.
In this instance the cleaning company will consider cost reduction an increase in productivity.
They were using 10 lbs each for house A, B, and C (30 lbs). An additional 10 lb is used increasing total chemicals used to 40 lb.
The increase in chemical usage is a drop in productivity for the company as they are spending more.
The percentage drop in productivity is a proportion of the additional quantity of chemical to total chemicals used.
Percentage drop in productivity= (10/40)*100= 25%