Answer:
b.use the S-2 employee
Explanation:
Calculation for the the most cost-effective solution
S-1 S-2 S-3
Time for 1 unit (in minutes) 30 24 21
Units in 1 hour 2 2.5 2.857142857
(60/30= 2)
(60/24=2.5)
(60/21=2.857142857)
Wages per hour $ 16.00 $ 19.00 $ 22.00
Wages per/ unit $ 8.00 $7.60 7.70
($ 16.00/2=$8)
($ 19.00/2.5=$ 7.60)
($ 22.00/2.857142857=$ 7.70)
Ranking
S-1 $ 8.00 III
S-2. $7.60 I
S-3 7.70 II
Therefore based on the above Calculation the most cost-effective solution will be to use the S-2 employee
Answer:
Correct answer is D. Credit to Salaries Payable for $8,000
Explanation:
Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.
On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment<em> to recognize the salaries expense applicable for the period</em>. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.
Available Options Are:
a. Cost of Goods Sold
b. Net Profit Margin
c. None of these
d. Asset Turnover
Answer:
Option B. Net Profit Margin
Explanation:
The increase or decrease in cost of Goods sold can not tell whether the return on assets has increased or decreased becuase it would only tell that the expense are decreased or increased not the profit. Which means it only tells one side of the story hence Option A is incorrect.
Option B is correct because it talks about the profit. If the manufacturing cost has been decreased then the it must increase the profit. Because if the profits has increased then the return on asset will increase. Hence the Option B is correct here.
Option D is incorrect because asset turnover formula is:
Asset Turnover = Sales / Total Assets
The decrease in manufacturing cost will not increase the sales because sales and total assets are independent of manufacturing expenses hence the Option D is incorrect.
Answer and Explanation:
Nina's guardian Ollie is putting an undue influence on Nine to sign a contract to invest funds in Penny Stocks Inc. In this way Ollie is getting benefit while exerting pressure on Nina. Nina has the option to cancel the contract on the basis of undue influence.
