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Sveta_85 [38]
2 years ago
12

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Sinc

e this is your fourth year as a college student, you know you could work hard to bring that average up to a B by the end of the semester. This is ________.A. informationB. knowledgeC. wisdomD. data
Business
1 answer:
zzz [600]2 years ago
3 0

Answer:

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Since this is your fourth year as a college student, you know you could work hard to bring that average up to a B by the end of the semester. This is data.

D. data

Explanation:

To understand what data is, consider the explanation below;

1. Data: data is a piece of raw information that can be converted to useful information. They are facts and statistics usually derived from observations and study that once processed and analysed, useful information can be extracted from it. Data can be analysed in different ways depending on the expected results. In the modern age, data is very important since they provided a factual basis for theories. Data can be processed manually or through the use of software applications.

An example of data is the score that the professor gave you which is 75, this score implies a specific grade ranking. This data was useful to you, since you analysed it and came to the conclusion that by working hard you can average this score up to a B by the end of the semester. The process through which you took the data which is 75, analysed it by comparing it to the grading system and coming to a conclusion is an example of data processing.

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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
CaHeK987 [17]

Answer:

(D) $4,055

Explanation:

To find the adjusted book balance, we need the ending balance of the cash book:

Book balance                                  $4,725

Less: bank service charges                 (25)

Less: EFT                                             (380)

Less: NSF check returned by bank   (265)

<em>Adjusted book balance</em>                  <u>$4,055</u>

Since bank service had been deducted from the bank, Maxis clothing had to deduct the same amount. When bank deducts any money, generally it notifies through text message or sometimes does not notify directly. Therefore, It had to be deducted from the cash book.

Maxi's accounts receivable paid him a check and the firm immediately added the amount to the cash book. When the accountant went for depositing the check, there were not sufficient fund (NSF). Therefore, the amount did not add to the bank balance. Hence, the firm had to deduct it again.

Through Electronic Fund Transfer (EFT), a payment had been made by the bank for Maxi clothing. Since the expense did not deduct from the cash book, the amount had to deduct it to get the adjusted book value.

7 0
2 years ago
A currently owned shredder used in a refuse-powered electrical generating plant has a present net realizable value of $200,000 a
Shtirlitz [24]

Answer:

Please attachment .

Explanation:

Please see attachment

7 0
2 years ago
A clothing manufacturer makes both shirts and shorts. The sales price for shirts is $24 with variable costs of $10 and shorts ha
Gnoma [55]

Answer:

1)They would prefer to make shorts as contribution margin per unit is higher for shorts

Explanation:

Step 1. Given information.

  • Sales price shirts is $24
  • Variable costs shirts is $10
  • Sales price shorts $32
  • Variable costs shorts $17

Step 2. Formulas needed to solve the exercise

Contribution margin = sales price - variable cost

Step 3. Calculation.

Contribution margin shirts  = 24 - 10 = 14

Contribution margin shorts = 32 - 17 = 15

Step 4. Solution.

<h2>Contribution margin shorts > Contribution margin shirts</h2>

6 0
2 years ago
Believing it will make it easier for investors to compare firms across countries and make it easier to raise capital globally, m
Elena L [17]

Answer:

True

Explanation:

Generally Acceptable Accounting Principles (GAAP) is only applicable in the United States of America whereas International Financial Reporting Standards (IFRS) has been adopted by most countries on the globe. This makes Report prepared on IFRS more comparable and make it easier to raise capital globally.

4 0
2 years ago
Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D
Vesnalui [34]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard direct labor hour per unit= 6.5 hours

Standard variable overhead= $6.8 per direct labor hour.

Actual production= 1,300 units

Actual direct labor hours= 8,500 hours

Actual variable overhead= $60,290

A) To calculate the variable overhead rate variance, we need to use the following formula:

Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 60,290/8,500 hours= $7.093

Manufacturing overhead rate variance= (6.8 - 7.093)*8,500= $2,490.5 unfavorable

B) To calculate the variable overhead efficiency variance, we need to use the following formula:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 1,300*6.5= 8,450 hours

variable overhead efficiency variance= (8,450 - 8,500)*6.8= $340 unfavorable

3 0
2 years ago
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