The transfer of live transactions in real time to an off-site facility is called

Dizzy Amusement Park is open from 8:00 am till midnight every day of the year. Dizzy charges its patrons a daily entrance fee of

tatuchka [14]

Answer:

D. fixed cost

Explanation:

The fixed cost in a business refers to those costs that are independent of the production output in the business. This means that to a large extent, these costs remain constant whether there is a decrease or increase in output and profit in the business.

In the case of Dizzy Amusement Park, the amount paid to each operator is a fixed cost accrued from the business. It is an agreed-upon price that must be paid whether the park records an increase or decrease in visitors. This kind of cost is in the same category as the rent and insurance fees accrued from the business.

6 0

2 years ago

Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several

Orlov [11]

Answer:

Key S - Scenario

A - Accounting Principle or Assumption

S

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

A

Historical cost principle

S

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

A

Business entity assumption

S

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

A

Going concern assumption

S

Thomas records expenses incurred to produce the sales for the month.

A

Expense recognition principle

S

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

A

Revenue recognition principle

S

Thomas Company provides earnings information to investors at the end of every quarter.

A

Time period assumption

S

The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

A

Monetary unit assumption

Explanation:

5 0

1 year ago

Which of the following people is considered to be in the labor force? Select all that apply: Gina is a stay-at-home mom and volu

Fudgin [204]

Answer:3

Explanation:

niot sure

4 0

2 years ago

In this assignment, you will develop a more personalized understanding of the Balanced Scorecard concept and see how your vision

Lynna [10]

Answer:

My four smart goals includes the following: I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours, want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers, I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months, I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

Explanation:

Solution

The following are my 4 SMART goals given below:

1.I want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers.

2. I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours.

3. I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

4. I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months,

Measurable :

1. I would start my training from tomorrow. Initially I would run 2 to 5 kilometres with walk breaks.

2. I would start talking to my boss next week to ask for additional responsibilities and also ask him to let me know what needs to be done to get promoted.

3. I would start coming from office early by being more efficient in office. I will take my son on walks or play with him for 1 hour daily.

4. I would come back from office on time and spend time with my wife after spending time with my son.

Attainable/Attainability:

1. I will talk to other marathoners about whether my goal is attainable. I will also research about it.

2. I will talk to my colleagues who are senior managers about how they got promoted.

3. I will talk to other dads about whether my goal is attainable.

4. I will talk to other husbands who are successful.

Realistic:

Timely:

I have given a time frame for attaining all these goals which is very important.

For implementing these goals, I will use the Plan-Do-Act-Dare cycle.

Since my objective is to become a well rounded person both in my personal and professional life, the above steps would help me in becoming that person.

The strategy diamond consists of:

1. Vehicles- Focused hard work

2.Differentiation- Being different from others.

3. Arenas-Professional and Personal

4. Staging-Speed of initiatives

5 0

2 years ago

Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in units 60,000 80,

KiRa [710]

Answer:

Budgeted purchases for second quarter is 165000 pounds

Explanation:

The per unit requirement of material A is 2 pounds.

We first need to calculate the closing inventory of Material A at the end of first quarter and at the end of second quarter.

End of first quarter

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 40000 pounds.

Production requirement - Second quarter = 80000 * 2 = 160000

25% of 160000 = 40000 pounds

End of second quarter

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 45000 pounds.

Production requirement - Second quarter = 90000 * 2 = 180000

25% of 180000 = 45000 pounds

Budgeted Purchase -Second quarter = Closing Inventory in pounds + production in pounds - Opening Inventory in pounds

Purchase requirement - First quarter = 45000 + 160000 - 40000 = 165000 pounds

5 0

2 years ago

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