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3 years ago

7

In which transaction cycle would customer sales transaction information be most likely to pass between internal and external acc

ounting information systems?
a. the revenue cycle

b. the expenditure cycle

c. the human resources / payroll cycle

d. the financing cycle?

1 answer:

dlinn [17]3 years ago

5 0

A. the revenue cycle

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A manufacturing plant is trying to determine standard production per day for an incentive program. Suppose that the incentive pr

raketka [301]

Answer:

He would receive $15 under incentive plan.

Explanation:

The given values are:

Average observed time

= 280 seconds per unit

Performance rating

= 105%

i.e.,

= 1.05

Allowance factor

= 13%

i.e.,

= 0.13

So,

⇒ $Standard \ time = \frac{(Average \ observed \ time\times Performance \ rating)}{1-Allowance \ factor}$

On putting the estimated values, we get

$=\frac{(280\times 1.05)}{(1-0.13)}$

$=\frac{294}{0.87}$

$= 337.93 \ seconds$

The available time will be:

= $(8 \ hours\times 60 \ min/hr\times 60 \ sec/min)$

= $28800 \ seconds$

Now,

The Standard production per day will be:

= $\frac{Available \ time}{Standard \ time}$

= $\frac{28800}{337.93}$

= $85.22 \ units$

Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.

So that he's going to get:

= $15\times 1$

= $15$ ($)

8 0

3 years ago

Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term

Mkey [24]

Answer:

Underwater University Variable Costing Income Statement For the Fall Term:

Actual Planned Variance

Number of Enrollment 4,500 4,125 375

Credit hours 60,450 43,200 17,250

Revenue $7,254,000 $5,832,000 $1,422,000

Variable costs:

Registration, records,

& marketing costs $1, 237,500 $1,134,375 $103,125

Instructional costs 3,868,800 2,592,000 1,276,800

Total variable costs $5,106,300 $3,726,375 $1,379,925

Contribution margin $2,147,700 $2,105,625 $42,075

Depreciation on classrooms

& equipment $825,600 $825,600 $0

Operating income $1,322,100 $1,280,025 $42,075

Explanation:

Variable costing income statement is an income statement which shows the contribution that revenue makes in paying for the fixed costs, before arriving at the Operating Income. In variable costing, there is a separation of variable costs from periodic or fixed costs. All direct materials, labor, and variable overheads are charged to the variable costs, while fixed costs are expensed to the period for which they are incurred.

5 0

3 years ago

In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 19

zaharov [31]

Answer: c) $1,169,408.

Explanation:

Given the following:

Consumer price index(CPI) :

Year 1 = 1931 = 15.2

Year 2 = 2015 = 237

Salary in 1931 = $75,000

Equivalent salary in 2015 Given the details above:

Salary in 1931 × (CPI for year 2(2015)/ CPI for year 1(1931))

$75,000 × ( 237 / 15.2)

= $75,000 × 15.592105

= $1,169,407.8

= $1,169,408

7 0

3 years ago

_____ involves determining the information and communications needs of the stakeholders.

vagabundo [1.1K]

The appropriate response is communications planning. It is the art and science of achieving target gatherings of people utilizing showcasing correspondence channels, for example, promoting, advertising, encounters or standard mail for instance. It is worried about choosing who to target, when, with what message and how.

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3 years ago

A project with an initial investment of $451,700 will generate equal annual cash flows over its 8-year life. The project has a r

Drupady [299]

Answer:

$81,307.55

Explanation:

The minimum annual cash flow required to accept the project is the equal annual cash flow that makes net present value of the project to be at least equal to zero. In other words, it is the equal annual cash flow that equates the initial investment and the summation of the present values (PV) of all the 8-year equal annual cash flow.

This can be estimated as using the formula for calculating the ordinary annuity as follows:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PV = Present values of equal annual cash flow that is equal to Initial investment = $451,700

P = annual cash flow = ?

r = required return = 8.9% = 0.089

n = number of years = 8

Substitute the values into equation (1) to have:

$451,700 = P × [{1 - [1 ÷ (1 + 0.089)]^8} ÷ 0.089]

$451,700 = P × 5.55544994023063

P = $451,700 / 5.55544994023063

P = $81,307.5457181148

P = $81,307.55 when approximated to two decimal places.

Therefore, the minimum annual cash flow required to accept the project is $81,307.55.

6 0

3 years ago