Answer:
Net operating income= 341,000
Explanation:
We need to use the following structure:
Gross profit= sales - cost of goods sold
Net operating income= Gross profit - other expenses (variable and fixed)
<u>Under the absorption costing method, the cost of goods sold incorporates the fixed overhead.</u>
Sales= 980,000
COGS= (116,000 + 266,000)= (382,000)
Gross profit= 598,000
Fixed selling and administrative costs= (116,000)
Variable selling and administrative costs= (141,000)
Net operating income= 341,000
Answer:C - Planning Stage
Explanation: The System Development Life Cycle is a model of which organisations use when developing a new system.
SDLC has 5 Phases or steps and they include:
- Planning
- Analysis
- Design
- Implementation
- Maintenance
Each stage of SDLC has its importance in the system development.
Planing: At this state, the problem is identified, options of solutions are given and analysed as well as the possible outcomes are considered.
Analysis: At this stage the various options given at the planning stage are analysed and validated
Design: At this stage, the analysed options are designed to give a logical evaluation of the model to be adopted
Implementation: At the state, the design is implemented and tested
Maintenance: At this state, the errors are corrected and validated.
The user manual and the service manual are two resources
that are useful in terms of disassembling the laptop computer. It is because
the service manual and the user manual were able to provide instructions and
specifications for repairing or being able to maintain the laptop and the way
of providing a manual in having to assist a person in technical issues and use.
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Answer and Explanation:
A. Stakeholders in the situation are:
1. Ellyn
2. The company
3. People using the financial statements
B. Ethical issues include:
1. Ellyn being dishonest by adding $1000 to the equipment asset and mistating the numerical value. This could cause loss as the $1000 could be from a liability account
C. Alternatives:
1. Creating a suspense account for the difference of $1000
2. Postponing finalisation and escalating the issue to a senior accountant to find out where the difference is from
Answer: C. 15;5
Explanation: The answer is C. 15;5 because a long-term goal has to take longer than the short-term goal. In other words, the first number has to be bigger than the second number.