Answer:
The correct answer is comparability.
Explanation:
One of the qualitative characteristics of financial information is the comparability that is defined as allowing general users to identify and analyze the differences and similarities with the information of the same entity and with that of other entities, over time. The Financial Information Standard A-4, Qualitative characteristics of the Financial Statements, describes this characteristic in detail. The financial figures allow us to observe the evolution of our own company and evaluate the distance that separates us from other organizations.
In the case of publicly traded companies, such comparisons can be made that allow us to refine our financial criteria and guide, for example, our decisions as investors. Of course, there are many elements to consider and the more we consider, the stronger our performance will be.
Answer: $1,770
Explanation:
Given that,
budgeted output = 5,600 units
Actual output = 5,200
units Raw materials used in production = 31,100 ounces
Actual direct labor-hours = 2,010 hours
Purchases of raw materials = 33,500 ounces
Actual hours = 2,010 hours
Standard Rate = $3.00 per hour
Standard Hours = Actual output × Standard hour per unit of output
= 5,200 × 0.5 hours
= 2600 hours
Variable overhead efficiency Variance:
= (Standard hours - Actual hours) × Standard Rate
= (2600 hours - 2,010 hours) × $3.00 per hour
= $1,770
Answer:
Book value= $33,008
Explanation:
Giving the following information:
On January 1, 2016:
Purchase cost= $50,710.
Residual value= $4,700
Wasson uses the units-of-production depreciation method.
The vehicle will be driven 107,000 miles.
2016= 10,700 miles
2017= 18,700
First, we need to calculate the depreciation of 2016 and 2017, using the following formula:
Annual depreciation= [(original cost - salvage value)/useful life of miles]*miles
2016= [(50,710 - 4,700)/107,000]*10,700= $4,601
207= 0.43*18,700= $8,401
Book value= depreciable value - accumulated depreciation
Book value= 46,010 - (4,601 + 8,401)= $33,008
Answer:
Store of wealth
Explanation:
Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.
Other functions of money are :
1. Medium of exchange: money can be used to exchange for goods and services in transactions.
2. Unit of account: money can be used to determine the value of goods and services being exchanged.
I hope my answer helps you
The statement given in the question is (A) True.
Transactional leadership is defined as a leadership style that emphasizes rewards and punishments on behaviors that the followers exhibit. This style of leadership seeks to maintain the status quo.
Its contrast is <em>transformational leadership</em>, where the leader works with teams to problem-solve and bring a vision into reality by directly involving themselves.
