The reason why he didn't make the decision was because of the fact that Jamison is being influenced by the substitution effect by which if he were to chose the decision of reducing his hours, the opportunity cost of choosing the decision is likely to be high.<span />
Answer:
Option B and C are correct because adjusting entries arises due to mistakes and errors found in the recording of transactions and this does not arises in the start of the accounting period. It arises in the month ends and interim & final audits. The internal auditors also reviews the financial statements to eliminate all the errors and ommissions in the Financial statement.
Option A is incorrect because adjusting entries are passed both in accrual accounting and cash accounting system.
Option D is incorrect because these adjustments arises at the end of months and year audits.
Answer:
240 units
Explanation:
We can find Optimal order quantity easily by Optimal order quantity formula using the fixed order quantity formula
Formula:: Optimal order quantity = ![\sqrt[2]{\frac{2CoD}{Ch} }](https://tex.z-dn.net/?f=%5Csqrt%5B2%5D%7B%5Cfrac%7B2CoD%7D%7BCh%7D%20%7D)
Where
Co = Ordering cost per order
D = Annual demand
Ch = Holding cost per unit
Calculations
Lets put in the values
Optimal order quantity =
Optimal order quantity = ![\sqrt[2]{\frac{2*6*12000}{2.5} }](https://tex.z-dn.net/?f=%5Csqrt%5B2%5D%7B%5Cfrac%7B2%2A6%2A12000%7D%7B2.5%7D%20%7D)
Optimal order quantity = 240 units
Note: There must have been a mistake in question options the answer is 240 and closest to 240 is option B
Answer:
The correct answer is the option A: cost-focus.
Explanation:
To begin with, a <em>cost-focus strategy</em> is the name given to a type of strategy defined by Michael Porter in competitive advantage in order to establish a strategy whose main purpose is to focus on a low price regarding the prices of the competitors in a narrow market. Therefore that in this case Ski Safety is pursuing a cost-focus strategy because the company is looking forward to compete in a narrow market thanks to a low price.
Answer:
1 and a half months worth of depreciation
Explanation:
The advantage of starting to depreciate an asset purchased on December is that next year you will be able to depreciate it for a full year under MACRS. Generally, when you purchase an asset, you have to use the half year convention and your depreciation expense for the first year will be low compared to the second year. But if you start depreciating your asset in the current year, even if you purchased it on December and the depreciation expense is not that significant, the next year you will be able to depreciate it at the second year rate.
