Answer:
Write the full question a so I can answer?
Answer:
The correct answer is b. In the indirect method statement, the period's depreciation is added to net income because it is a source of cash
Explanation:
Indirect method make adjustment to reconcile the net income to cash. It depends on the account if it is added or subtracted to net income.
We are going to analyze the options
a. The operating section of the indirect method starts with the net income of the period TRUE
b. In the indirect method statement, the period's depreciation is added to net income because it is a source of cash
FALSE, depreciation is not a source of cash
c. Interest payments are included in the operating section of the direct method statement
TRUE
d. The investing section of the direct method statement for a period is identical to the investing section of the indirect method statement for the same period TRUE
Answer:
Total Quality Management (TQM)
Explanation:
The philosophy of producing a high-quality product or service and achieving quality in every aspect of the business and its relationship with the customer, with a focus on continuous improvement in the quality delivered to customers is <u>Total Quality Management (TQM)</u>
Total Quality Management (TQM): It is a continous process of detecting and reducing error from the process of producing goods and services. This help in maintaining quality of the product by improving process and training worker for better performance. It also help in improving customer´s experience.
There are several tools used in total quality management (TQM):
- Continuous improvement.
- Six Sigma.
- Employee empowerment.
- Benchmarking.
- Just-in-time.
- Taguchi concept.
- Knowledge of TQM tools.
Answer:
The correct answer is $1,881,600
Explanation:
According to the scenario, the computation of the given data are as follows:
Unit sells = 10,000 units
Growth rate = 12%
Selling price = $150 per unit
Costing = $100 per unit
So, we can calculate the budget sales revenue by using following formula:
Budget sales unit for quarter 3 = (10,000 × 112%) × 112% = 12,544
So, budget sales amount for quarter 3 = 12,544 × $150
= $1,881,600
Answer:
The correct option is D
Labour budget = $1,974,175
Explanation:
The labour budget is the product of the standard labour cost per unit and the budgeted production in units
Labour budget = standard labour cost× production budget in unit
The production budget can bed determined by adjusting the sales budget for closing and opening inventories.
Production budget = Sales budget +closing inventory - opening inventory
Production budget = 39,000 + 100 -200 = 38,900 units
Labour budget = $14.50× 3.5× 38,900 = $1,974,175
Labour budget = $1,974,175
