Answer:
$28,200
Explanation:
The computation of the net realizable value of account receivable is shown below:
As we know that
Net realizable value is
= Account receivable balance - balance in the Allowance for Doubtful Accounts
= $32,200 - $4,000
= $28,200
we simply deduct the allowance from the account receivable balance so that net realizable value could arrive
Answer:
The answer is A. Standards refer to a company's projected revenues, costs, or expenses
Explanation:
The explanation is the following:
A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.
Standard costing is intensive in application as it calls for detailed analysis of variances.
In standard costing, variances are usually revealed through accounts.
Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.
Answer:
Brook's law
Explanation:
Brook's law postulates that adding manpower late to a software project increases the time of project completion rather than shorten it. This law was postulated by Fred Brooks in The Mythical Man-Month.
Adding new personnel to a project takes the attention of other personnel from the project to training new personnel. This would increase the time for project completion. This is referred to as the ramp up time
As more manpower is added to the project, communication overhead increases. this increases the time for project completion as more time would be spent on communication rather than on carrying out the project
Answer:
The correct answer is: High level of job involvement.
Explanation:
Job involvement refers to the voluntary interest employees have for the job position they have at work. It is typically the result of individuals playing roles they like or that represent part of their self-realization. Job involvement is not only intrinsic but can also be acquired by a different set of practices.
FIFO stands for First In First Out and LIFO stands for Last In First Out.
Answer: LIFO produces more favorable cash flow because LIFO PRODUCES LOWER INCOME TAX EXPENSE.
During inflation, LIFO approach is adopted for tax benefits. With the rise in prices, LIFO produces higher cost of sold amounts of goods.
