Answer:
Accounts payable would be 20.42% of the balance sheet , when preparing a vertical analysis.
Explanation:
In the question it is told that Ginger bread is doing a vertical analysis, where when we have to calculate the percentage of certain item of the balance sheet , we will use formula -
( Balance sheet item / Total liability ) x 100
Given information - Accounts payable = $245,000
Total liabilities = $1200,000
Putting these values in formula -
= $245,000 / $1200,000 X 100
= .20416 X 100
= 20.416
= 20.42% ( APPROXIMATELY )
Answer:
Reactively, Proactively.
Explanation:
The above statement deals computing forces companies dealings with customers. Generally, in real-life dealings, we cannot afford to have a choice between Proactive and Reactive approaches. Proactive approach is generally more effective in terms of avoiding /reducing loss of life and property etc. however, it depends on the situation, time available to take action and resource availability. I have seen that even in the case of worst natural disasters like cyclones , proactive approach by civic authorities ,on the basis of limited scientific forecast inputs available, helped in averting major damages.
However, if there is a sudden accident, we have no other choice but to react on the spot. In some situations, like disasters ( man-made or natural) , a combination of proactive and reactive approaches can be more effective.
Under applied, deferred debit describes the nature of this balance
Explanation:
A deferred debit is a non-consuming expense, and is therefore marked as an expenditure temporarily. The costs are paid to the bill once the expenditures have been expended. Deferred loans usually occur in the balance sheet as a taxable asset in the accrued spending account.
The overhead is under-applied where a cost accounting system includes overhead costs allocated to an employment-in-progress commodity which do not exceed the actual overall cost. The prices of the products sold are the real costs of the manufacture of the goods sold by an undertaking.
The correct answer is B. Pre-construction.
Pre-construction is the project which is done before construction starts.
In pre-construction a person evaluates the documents which are being associated with the project.
The person evaluates equipment and material expenses what they will cost, and time when the construction will be finished.
Answer:
$357 Unfavorable
Explanation:
Fixed manufacturing overhead volume variance identifies the amount by which actual production differs from budgeted production.
<em>Fixed manufacturing overhead volume variance = Actual Output at Budgeted rate - Budgeted Fixed Overheads</em>
= (5,230 × $5.10) - ($5.10 × 5,300)
= $26,673 - $27,030
= $357 Unfavorable
