Answer:
The reasons for using the variable-cost approach include all of the following except
this approach provides the most defensible bases for justifying prices to all interested parties.
Explanation:
This is not part of the reasons for using the variable-cost approach. But options b, c, and d are certainly the reasons why the variable-cost approach is used. The variable-cost approach provides a differential analysis for decision-making. It assigns overhead costs to the period in which they are incurred, while other variable costs are assigned to the merchandise produced within that period. Thus, by excluding fixed manufacturing overhead cost, only the direct costs associated with production are used in accounting for the product's costs.
Answer:
Explanation:
. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.
It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements
Answer: C) mutually unexecuted contracts between buyers and sellers.
Explanation:
Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.
In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.
This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.
Answer:
<u><em>Work redesign.</em></u>
Explanation:
Work redesign occurs through a process of reviewing, reviewing, and reorganizing work-related activities, when there is a need to restructure work-related tasks and responsibilities, with the goal of streamlining organizational processes as well as making work more encouraging from the perspective of employees, that is, there is the readjustment of the employee to perform a job that is more compatible with their skills, which consequently increases their motivation and productivity.
Answer:
The answer is $80,000
Explanation:
Shareholders' equity is the residual interest the owner has in the business. It is calculated by deducting its liabilities from its assets. i.e
Total assets - Total liabilities.
Total assets is summation of current and non-current asset. So we add Curren asset(cash, accounts receivable) and non-current asset (office equipment) together.
So we have, $28,000 + $19,000 $53,000 = $100,000
Therefore, stockholders’ equity is:
$100,000 - $20,000
=$80,000
