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3 years ago

We have received your tax return and it is being processed. what does this mean

1 answer:

3 0

A form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax.

Ah so ^-^

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What are the profound and philosophical goals and benefits of a modern industrial society, according to Frederick Winslow Taylor

netineya [11]

Explanation:

The greatest objective and benefit of a modern industrial society according to Taylor was the transformation of management into a science, which should maintain the standardization of administrative processes in order to reduce production time and maintain the quality of work.

He developed the rational organization of work, a tool for researching human labor conditions, such as division of labor, specialization, standardization, supervision, salary incentives, etc., whose aim was to analyze how such factors influence productivity and the quality with which a worker perceives and performs his work.

The benefits of Taylor's management model were reduced working hours, perceived employee appreciation, reduced costs, improved organizational environment, etc.

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3 years ago

Which of the following statements are true? When calculating variances at least one factor changes at a time. Variances cause co

OlgaM077 [116]

Answer:

Option B and C

Explanation:

The reason is that the variance analysis is a control procedure and it helps managers to control things that can be controlled. The managers are not liable for the things that are not controllable. Variance analysis conducted every week or month, provides information to managers which helps them to take corrective action for example, if material variance is because of price increases then the manager must search for other suppliers providing at a lower cost.

Furthermore, the favourable variances is not good always because it might had adverse variance in the other part part of the cost element. For example the material variance was positive because we used raw material of down quality so we saved $5000. The sales droped and we lost contribution of $10000 due to using down quality material. So its evident that favourable variances are not always good.

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3 years ago

Which of the following describe the purpose of money?

julsineya [31]

The purpose of money is that it is a store of value, unit of account and a medium of exchange.

Money is a store of value because it holds a value to pay for something else. Money is used to purchase items you want and depending on how much money you have it creates a value that is enough to purchase something else. Money is also a unit of account because it holds a numeric value that is important to the holder and the organizations so that people can spend their items on things they want/need. Money is also a medium of exchange because it is used as an exchange for a good or service that the consumer wants.

5 0

4 years ago

Read 2 more answers

Which of the following is most likely to be the best indicator of successful start-ups? 1. Level of experience of the founders 2

kupik [55]

Answer:

Option A. Level of experience of the founders

Explanation:

The reason is that the person that possesses the experience of managing the operations of the company can better manage the startup than the person who possesses knowledge of the business. This means that the finance doesn't matter, the social background of the person doesn't matter, the education doesn't matter because many illiterate people are running a good business. So the only skill these illiterate people possess is experience of managing the business. So the right answer is option A.

7 0

3 years ago

Read 2 more answers

The Coca-Cola Company owns 32 percent of the voting stock of Coca-Cola FEMSA, acquired at book value. Assume that Coca-Cola FEMS

hichkok12 [17]

Answer:

December 31, 2013, revenue from investment in Coca Cola FEMSA

Dr Investment in Coca Cola FEMSA 1,635,000

Cr Investment revenue 1,635,000

Explanation:

Under the full equity method, when Coca Cola FEMSA reports net income, the investment account will increase in a proportional way, and that increase is considered investment revenue.

E.g. Coca Cola Company owns 32% of stocks and reported net income is $5,000,000, so investment revenue = $5,000,000 x 32% = $1,600,000

But we must also include any realized/unrealized profits on intercompany transactions:

realized profits = markup x January 1 inventories = 35% x ($1,350,000 - $1,350,000/1.35) = $350,000

unrealized profits = markup x December 31 inventories = 35% x ($1,215,000 - $1,215,000/1.35) = $315,000

total investment revenue = % of net income reported + realized profits - unrealized profits = $1,600,000 + $350,000 - $315,000 = $1,635,000

The journal entry should be:

December 31, 2013, revenue from investment in Coca Cola FEMSA

Dr Investment in Coca Cola FEMSA 1,635,000

Cr Investment revenue 1,635,000

3 0

3 years ago