Answer:
Answer explained below
Explanation:
Safety is very important aspect in factory to avoid injuries and accidents. The injuries and accidents depends on type of factory and safety measures taken. So all employees should have knowledge of safety in the work. There are different job profiles for different levels of the peoples in the organization. So safety instructional material will be different for different levels of employees in the organization.
The account and office employees are out of production process so they should know basic instructions such as fire safety.
The employees who are working on particular machines they should having separate instructions about handling of machines and safety measures.
The Peons and watch mans should required different safety instructions to avoid injuries and accident.
There are various cadres of managers like Production Manager, Finance Manager, HR Manager, Marketing Manager. More accidents generally happens in production area, So production Manager has required more instructional material.
Answer:
Explanation:
From the information povided:
(a) To compute the amount of goodwill paid by Chicago Corporation
Particulars Amount ($)
Accounts Receivable 100000
Inventory 170000
Plant & Equipment 400000
Land 90000
Customer List 4000
Trade Names <u> 16000</u>
NET ASSETS (A) <u>780000</u>
<u />
Current liabilities 76000
Non-current liabilities <u>160000 </u>
NET LIABILITIES (B) <u> 236000</u>
∴
PURCHASE CONSIDERATION (A -B) 544000
<u>Less:</u> Cash Paid <u> 580000</u>
GODWILL <u> 36000 </u>
<u />
b)
In the books of Chicago Corporation, the Journal Entry to record the purchase of Naperville Company.
Account Name Dr. Cr.
Accounts Receivable A/C 100000
Inventory A/C 170000
Plant Equipment A/C 400000
Land A/C 90000
Customer List A/C 4000
Trade Names A/C 16000
Goodwill A/C 36000
Current liabilities A/C 76000
Non-Current Liabilities A/C 160000
Cash A/C 580000
c)
The minimum required amount of goodwill that Chicago can amortize by the end of 2020 is $3600.This is because the amortization can take place for a period of 10 years.
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Answer:
a. Decrease
b. Decline
c. Exit
d. No change
Explanation:
The market for gourmet chocolate is in the long-run equilibrium, and an economic downturn has caused the consumer disposable income to fall. Chocolate is a normal good, and the chocolate producers have identical cost structures.
a. This decline in the consumer income will reduce the purchasing power of the consumers. As a result, the demand will decrease. The demand curve will move to the left.
b. This leftward shift in the demand curve will cause the price to decline, As the price falls, the profits earned by the producers will decline as well.
c. In the long run, the firms operate at zero economic profits. So a decline in profits imply that the firms are operating at an economic loss. This will cause the loss incurring firms to exit the market.
d. The long run supply curve will remain the same. It is not affected by change in profits, it changes only with change in the state of technology or availability of resources.
Answer:
a. $125 U
Explanation:
The computation of the spending variance is shown below:
= Flexible cost - actual cost
where,
Flexible cost = 2,500 manicures × $0.75 = $1,875
And, the actual cost is $2,000
Now put these values to the above formula
So, the value would equal to
= $1,875 - $2,000
= $125 U
It shows a difference between the actual cost and the flexible cost. Since the flexible cost is less than the actual cost so, it is unfavorable otherwise it would be favorable
