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2 years ago

Budgeted performance is a better criterion than past performance for judging managers." do you agree? why?

1 answer:

3 0

Not really, the budgeted performance is like an expectation of a work, which is still uncertain until the result comes, in other words, an opinion on a work; while the past performance was the fact, which came from the employee's work in the past few months. To judge the fact is better than an uncertain picture.

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Ifre chapter 1, conceptual multiple

geniusboy [140]

Answer:

Explanation:

When the future revenue producing ability of the inventory is above its original cost the

companies should reports their inventory value with LCNV method.

5 0

2 years ago

Torque Corporation is expected to pay a dividend of $1.00 in the upcoming year. Dividends are expected to grow at the rate of 6%

dezoksy [38]

Answer:

The answer is " $\$11.62 \ (approx)$ "

Explanation:

Using formula:

$\text{Required return=risk free rate}+\text{beta}\times \text{(market rate-risk free rate)}$

$=5+(13-5) \times 1.2\\\\=14.6\%\\\\\text{Intrinsic value}=\frac{D_1}{\text{(Required return-Growth rate)}}\\\\= \frac{1}{(0.146-0.06)}\\\\= \frac{1}{(0.140)}\\\\=\$11.62\ (Approx)$

7 0

2 years ago

A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9, 20

poizon [28]

Answer:

The transaction recorded are shown in the below table.

Explanation:

According to the scenario, the following transaction according to the perpetual system can be recorded as follows :

Date Particulars Debit Credit

Feb.9 Purchase Inventory $54,000

Accounts payable $54,000

Mar.7 Accounts Receivable $74,000

Sales inventory $74,000

Mar.7 Cost of goods sold $54,000

Inventory $54,000

6 0

2 years ago

Which of the items listed below are public services commonly found in societies?

Law Incorporation [45]

public schools and public water supply

8 0

2 years ago

Read 2 more answers

Robert Wilkins has prepared the following list of statements about process cost accounting. Identify each statement as true or f

Alex17521 [72]

Answer:

Identification of True or False Statements:

1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion.

A. True

2. A process cost system is used when each finished unit is indistinguishable from another.

A. True

3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting.

A. True

4. In a process cost system, costs are tracked by individual jobs.select between

False

5.Job order costing and process costing track different manufacturing cost elements.

B. False

6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead.

A. True

7. Costs flow through the accounts in the same basic way for both job order costing and process costing.

A. True

8. In a process cost system, only one work in process account is used.

A. True

9. In a process cost system, costs are summarized in a job cost sheet.

B. False

10. In a process cost system, the unit cost is total manufacturing costs for the period divided by the equivalent units produced during the period.

A. True

Explanation:

A process costing system is a method of collecting and assigning manufacturing costs to the units produced. It is used by companies that produce similar or identical units of product in batches employing a consistent process. The unit cost is arrived at by averaging units produced to the total cost of the process.

5 0

2 years ago

Budgeted performance is a better criterion than past performance for judging​ managers." do you​ agree? why?

Budgeted performance is a better criterion than past performance for judging managers." do you agree? why?