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1 year ago

When independent measurers get similar results when using the same accounting measurement methods, the financial information is:

Business

1 answer:

Deffense [45]1 year ago

6 0

Answer: verifiable

Explanation:

A financial information is verifiable when the independent measurers get similar results when using the same accounting measurement methods.

In this scenario, the independent measures use thesame method but do their work separately without them knowing the results gotten by the other person. When there's similarity in the results, it shows that the results are verifiable.

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Keenan has won the lottery for $10,000,000. He is offered a cash payment now of $7,500,000, or 10 annual payments of $1,000,000.

Katarina [22]

Answer:

a) 5,6%

b)$16 191 937.48

Explanation:

Download docx

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1 year ago

Assume a company's Income Statement for Year 12 is as follows Year 12 in 000s Income Statement Data Net Revenues from Footwear S

eimsori [14]

Answer:

C. 4.00

Explanation:

The interest coverage ratio is the same as times interest earned.

It is a the financial ratio that shows how many times over the income or earnings before interest and tax can be used to pay the interest payable in the same period.

Hence, Interest coverage

= Earnings before interest and taxes (EBIT) / Interest expense

EBIT = $580,000 - $350,000 - $45,000 - $90,000 -$15,000

= $80,000

The company's interest coverage ratio is

= $80,000/$20,000

= 4.00

6 0

1 year ago

The team members of the technical team in Wescrult Inc. are working on a crucial project. Their previous manager assigned respon

Gala2k [10]

Answer:

The correct answer is d. controlling.

Explanation:

If there is an important section in project management, it is the control section. Once it has been decided to start, with the execution, the project manager must assume the responsibility of each person within the same fulfills the tasks assigned to him and thus, ensure that the project runs according to his planning.

The idea of project control is very simple: it has been elaborated with some objectives, studying the available resources and preparing a plan to achieve the goals. Control is what ensures the follow-up of these plans, preventing any team member from deviating from the marked route. Thanks to the control tasks, the achievement of objectives will be ensured as defined in the planning phase.

When the project has already been planned, it should be put in place. The main requirement to start is that the project is fully defined and approved by the steering committee or the shareholders' meeting and, where appropriate, by the sponsor of the actions to be carried out.

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1 year ago

Kunkel Company makes two products and uses a conventional costing system. A single plantwide predetermined overhead rate is comp

zysi [14]

Answer:

1) using conventional costing

unit cost mercon = $98

unit cost wurcon = $297

2) using ABC costing

unit cost mercon = $218

unit cost wurcon = $237

Explanation:

Mercon Wurcon

Direct materials cost per unit $8.00 $6.00

Direct labor cost per unit $10.00 $11.00

Direct labor-hours per unit 2.00 7.00

overhead rate applied $80 $280

Number of units produced 1,000 2,000

overhead rate = total overhead / total direct labor hours = $640,000 / 16,000 = $40

unit cost mercon = $8 + $10 + $80 = $98

unit cost wurcon = $6 + $11 + $280 = $297

using the ABC costing, overhead rate is only 50%

Mercon Wurcon

Direct materials cost per unit $8.00 $6.00

Direct labor cost per unit $10.00 $11.00

Direct labor-hours per unit 2.00 7.00

overhead rate applies $40 $140

Number of units produced 1,000 2,000

total engineering costs $160,000 $160,000

engineering cost per unit $160 $80

engineering cost per unit = $320,000 / 2,000 = $160

unit cost mercon = $8 + $10 + $40 + $160 = $218

unit cost wurcon = $6 + $11 + $140 + $80 = $237

7 0

2 years ago

Which individual is a producer?

Ronch [10]

Answer:

To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.

Hope this helps!

7 0

1 year ago

Read 2 more answers