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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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37. Wal-Mart surveys its employees annually as part of its "Grass Roots" program. The survey is designed to assess employees’ pe

harina [27]

Answer: Yes it is.

Explanation:

The National Labour Relations Act of 1935 was passed to cater for both employees and employers. It gave both parties rights and advocates for Collective bargaining. Perhaps most key about this act is it's protection of the rights of employees to join unions and be able to engage in Union activities to improve their working condition.

Under this Act, it is illegal to terminate, suspend or take any other adverse action against an employee for their union actions.

It is under this last paragraph that this question falls.

If Wal-Mart had acted in anyway adverse towards employees based on the Unresolved People Index (UPI) alone, then their actions would have been illegal. They did not, so they are operating in legal territory.

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2 years ago

The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of t

skad [1K]

The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________?

Contrast

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2 years ago

Read 2 more answers

The future value of $200 received today and deposited for three years in an account which pays semiannual interest of 8 percent

yanalaym [24]

The formula is
A=P (1+r/k)^kt
A future value?
P present value 200
R interest rate 0.08
K compounded semiannual 2
T time 3years

A=200×(1+0.08÷2)^(2×3)
A=253....answer

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2 years ago

Company XYZ has 2 fixed price contracts for 2 different clients. The company has enough capacity for both contracts but is uncer

frozen [14]

Answer:

The contract A yields a loss under ABC but Contract B yields a profit.

ABC Profit contract A $ (3000) contract B $ 11250

Under absorption costing both contract yield profits.

Absorption Profit contract A $ 3250 contract B $7500 

Management should make decisions using ABC and reject Contract A and accept Contract B.

Explanation:

Customer AAA BBB

Component Type A999 B999

Contract Value ($) $27,000 $100,000

Contract Quantity 1,000 unit 2,000 unit

Material cost/unit $15 $20

Molding time/batch 5 hours 7.5 hours

Batch size 100 units 50 units

Activity Based Rate= Cost per Unit of Cost Driver

Activity Cost driver Cost Rate

Molding 2,000 $150,000 $150,000 / 2,000 = 75

Inspection 150 $75,000 $75,000/150 = 500

Production 20 $125,000 $125,000/20= 6250

Total $ 350,000

Cost Drivers Consumed

Activity A999 B999

Molding time/batch 5 hours* 10 7.5 hours *40

50 300

Batch size 1,000 unit/ 100 units 2,000 unit/50 units

= 10 =40

ABC Profits for Each Contract

A999 B999

Selling Price $27,000 $100,000

Materials 15*1000 20 * 2000

= 15000 = 40,000

Molding 50 hours *75 300* 75

3750 22500

Inspection 10 batches *500 40 batches *500

$ 5000 $ 20000

Management Contracts $ 6250 $ 6250

Total $ 30,000 $ 88,750

Profit $ (3000) $ 11250

Overhead Rate Absorption Costing

Total Overheads= ( 150,000 + 125,000+ 75000) = $ 350000

Annual Molding Hours = 2000

Rate= $ 350,000/2000=$ 175 per molding hour

Absorption Costing

Profit For each Contract

A999 B999

Selling Price $27,000 $100,000

Materials 15*1000 20 * 2000

= 15000 = 40,000

Overheads 50 hours *175 300 Hours *175

= 8750 = 52,500

Total Cost 23750 92500

Profit 3250 7500

The contract A yields a loss under ABC but Contract B yields a profit.

Under absorption costing both contract yield profits.

Management should make decisions using ABC and reject Contract A and accept Contract B.

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2 years ago

Vargas Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.77 direct labor

leva [86]

Answer:

11.20

Explanation: becuase it can be

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2 years ago