Answer:
2. a leading indicator
Explanation: Customer satisfaction rating is a leading indicator because it can predict sales revenue (future performance).
Answer:
the labor rate variance is $16,000 unfavorable
Explanation:
The computation of the labor rate variance is shown below:
As we know that
Labour Rate Variance = ( Actual Rate - Standard Rate) ×Actual Hours Worked
= ($160,000 ÷ 22,000 direct labor hours - $8) × 22000 direct labor hours
= ($7.27 - $8) × 22000 direct labor hours
= $16,000 Unfavorable
hence, the labor rate variance is $16,000 unfavorable
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$4,800 each
Explanation:
The computation of the depreciation expense for the first two year under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($120,000 - $0) ÷ (25 years)
= ($120,000) ÷ (25 years)
= $4,800
In this method, the depreciation is same for all the remaining useful life
Hence, the depreciation of $4,800 is to be charged separately for each year
Answer:
A trust
Explanation:
A trust is a kind of business that acts as a fiduciary or a trustee of property on behalf of another party.
Typical functions of a trust includes administration and management of the business.
The assets are eventually meant to be transferred to another person.
In the given scenario Hannah is running a hospitality business which she recieve backing from investors.
The investors have entrusted Hannah with the running of the business. So this is a trust
