Answer:
D. All of the above.
Explanation:
D. All of the above.
Because
A. the regulatory body keeps a check and maintains a balance in setting the standards for the proper functioning of the organization . If it does not use the financial statements how would it know about the proper working or the rules followed or the errors / flaws/ mishandling of the companies. So it uses financial statements.
B. Investors and Creditors
Investors and Creditors usually invest or get services rendered so their prefer using the financial statement for better understanding and their obligations, limitations and consultations.
C. Individuals such as accountants , employees, etc may also use financial statements for their better understanding and daily tasks or performances and follow the same set of standards . . For example if the company uses matching principle the new accountant hired must also use matching principle.
Answer:
True
Explanation:
Yes, high/low pricing strategy relies in the number of sales. A High/Low pricing technique, which depends on the improvement of sales, during which costs are incidentally decreased to support buys. At last, which customers incline toward which technique relies upon how those customers assess costs and quality. In order to increase the number of sales, firms usually set low prices in order to attract customers.
Answer:
Mean = 60
Median = 56
Mode = 53
70th percentile = 62
Explanation:
We have the following salaries in thousand of dollars:
A 53
B 44
C 68
D 47
E 62
F 59
G 53
H 94
The sample size is n=8.
a) The mean of this sample is:
b) The median, as its an even size sample, is the average between the middlemost salaries:
c) The mode is the the value that appears the most in the sample.
In this case, the mode is 53, that appears twice.
d) The 70th percentile divides the sample with 70% of the values below and 30% above the percentile.
In this case, the 70th percentile lies in the 6th place of the sorted sample.
The sixth place for the sorted sample [44, 47, 53, 53, 59, 62, 68, 94] is 62.
Answer:
has been overapplied.
Explanation:
The net balance of debit and credit of manufacturing overhead account is under or over applied overhead. On debit sides the Actual costs incurred is recorded and overhead applied is recorded in credit side of manufacturing overhead account. Total actual costs are $82,000 ( $30,000 + $24,000 + $28,000 ) and overhead applied is $86,000. Net balance of account is overapplied overhead of $4,000 ( $86,000 - $82,000 ).
Answer:
Loss on Redemption = $500
Explanation:
<u>Gain or Loss on redemption:</u>
Par value of Bonds $1,000,000
Less: Discount on bonds <u>$15,500</u>
Book Value of Bonds $984,500
Less: Redemption value <u>$985,000</u> ($1,000,000 * 98.50%)
Loss on Redemption <u>$500</u>