management
Q: The directors of J Limited plan to buy a machine costing $550 000. The machine has a useful life of…
A: The question is based on the concept of Cost Accounting. Net presetn value is the difference between…
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A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
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Q: eginning Inventory urchase nurchase urchase oods Available for Sale 5 4 4 3 16
A: Answer : Option $602 is correct answer. Weighted average cost per unit =Total cost / Total units…
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A: Variance is difference between standard material cost and actual material cost.
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A: The total overhead variance refers to the amount of difference between the actual overhead and…
Q: The information that follows pertains to Richards Refrigeration, Incorporated: At December 31,…
A: Journal entry is the procedure for initially documenting commercial transactions in the books of…
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A: Borrowing cost capitalization is the borrowing cost which is added in the codt of qualifying assets…
Q: Analyze the events chronologically, one transaction at a time, beginning with the transaction on the…
A: Accounting equation: The entire assets of a corporation are equal to the sum of its liabilities and…
Q: Complete ALL requirements and ROUND ALL AMOUNTS TO NEAREST DOLLAR
A: Payroll Taxes The taxes that both workers and employers pay on wages, bonuses, and gratuities are…
Q: Merchandise inventory balance, beginning of year ?
A: Year Discription 2,023 2,022 Cost of merchandise…
Q: Required information [The following information applies to the questions displayed below.] Shadee…
A: The budget is prepared to estimate the requirements during the period. The expenses budget is…
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A: A double-declining balance method is a form of an accelerated depreciation method in which the asset…
Q: How are deferred taxes classified on the balance sheet for US companies. Explain your answer in a…
A: A deferred tax asset is an asset on a company's balance sheet that may be used to reduce a company's…
Q: On January 1, 2021, Adams-Meneke Corporation granted 60 million incentive stock options to division…
A: Compensation Expense When referring to an employee of the manager, the term "compensation expense"…
Q: On January 1, Year 1, Denver Company issued bonds with a face value of $71,000, a stated rate of…
A: Correct Answer:- $5,964…
Q: a. What are the revenue and cost per client? b. Prepare an income statement for July.
A: a) Dune Motors Jake’s Charters Mission Hospital. Labor Hours 3,000…
Q: January 1, 2024, Nurses Credit Union (NCU) issued 5%, 20-year bonds payable with face value of…
A: The issuance of bonds is one method that businesses may use to obtain capital. A bond may be thought…
Q: You plan to start your own business in 5 years once you graduate from college and get situated. You…
A: The worth of a present asset at a specified future date is referred to as its future value (FV), and…
Q: Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions…
A: Journal entry is a primary entry that records the financial transactions initially. The transactions…
Q: Question: A debenture of $100 is issued at $110. How much is the premium? a) $100 b) $110 c) $10 d)…
A: The bonds are issued by the government or by corporations. When the bonds have an issue price more…
Q: Question 30 of 50. Which of the following taxpayers may qualify for the Premium Tax Credit? Each…
A: To be eligible for Premium Tax credit, the taxpayer should satisfy all the following conditions. If…
Q: When Jasmine realized how small the margin was for her main product, she was aghast. She knew the…
A: Manufacturing overhead is the cost which is incurred on the making of the goods. It includes costs…
Q: Fernando owns a bakery. The building has an unadjusted basis of $400,000, and Fernando qualifies as…
A: (b) $8000 is the correct solution
Q: Suppose that you borrow $17,000 for five years at 6% toward the purchase of a car. Find the monthly…
A: Answer :Principal = $17000 Rate = 6% = 6/1200 = 0.005 Time = 5 * 12 = 60 months Payment per month =…
Q: suance of the note. e first interest paymer
A: Answer : 1. Amortization table for first 3 moths : Period ending date Beginning balance(a) Debit…
Q: Magic Company adds materials at the beginning of the process in Department A. The following…
A: Working: Calculation of equivalent units: Under weighted average method = Units completed and…
Q: Cost & Management Accounting AC336 Question 3 (13 Marks) Krypton Inc. manufactures two products,…
A: SOLUTION:- a) Direct Labor hours = (4,700 units * 2.1 hours) + (3,300 units * 1.6 hours) = 9,870 +…
Q: The Bedding Division of Homestore Corporation had sales of $9,000,000 and operating income of…
A: Given, Sales= $9,000,000 Operating Income =$1,620,000 Total Assets =$2,500,000 Current Liabilities…
Q: a. Net income was $478,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of…
A: Cash flow statement shows the inflow and outflow of cash and involves the cash transactions of the…
Q: On January 1, Ramirez Supply leased a car for a four-year period, at which time possession of the…
A: A right-of-use asset, or ROU asset, represents a lessee's authority to utilize a leased item,…
Q: QUESTION 5 Sales to customers who use bank credit cards such as MasterCard and Visa are usually…
A: Credit card sales occur when the buyer purchases the products using the credit card issued by the…
Q: ultiple Choice $508,000 $500,000
A: Answer : Face value of bond = $500,000 Issue value of bond = $500,000*104% = $520,000 Premium on…
Q: Weighted average cost method with perpetual inventory The beginning inventory at Midnight Supplies…
A: In the weighted average perpetual inventory system, purchases and sales are dealt with in…
Q: The equity section of San Antonio Mfg's statement of financial position as of December 31, 2021 is…
A: Shares are defined as the company’s holdings that are provided to the investors or any person who…
Q: Y Limited produces one product. Budgeted units produced and sold for the month of July were 1000.…
A: 1.BUDGETED SALE= $250000/1000 * 1120= $280000 2. DIRECT MATERIAL (IN KG)= $60000/$12=5000 KG 3.…
Q: At August 31, 2022, Emma's trial balance included the following balances:…
A: ALL ASSETE WHICH IS BENEFICIAL FOR AN ORGANISATION UPTO ONE YEAR OR CONVERTED INTI CASH WITHIN ONE…
Q: The adjustment for accrued wages included days from the accounting period instead of the current…
A: Adjustment entry is the entry which is made at the end of reporting period so as to adjust the…
Q: Woodpecker Co. has $292,000 in accounts receivable on January 1. Budgeted sales for January are…
A: Accounts receivable is a current account. When companies sell their products some of it is in cash…
Q: Kier Company issued $740,000 in bonds on January 1, Year 1. The bonds were issued at face value and…
A: Interest expense is the amount which is paid on the bonds or debentures as a return. It is an…
Q: Boxwood Company sells blankets for $35 each. The following information was taken from the inventory…
A: LIFO means last in first out . It is a method to value the inventory and cost of goods sold. Gross…
Q: McNamara Industries completed the following transactions during 2024: i (Click the icon to view the…
A: An expenditure relating to the repair, replacement, or reimbursement provided to a user for any…
Q: es' income statement for the year endir
A: Answer : Interest paid = $200,000 * 7.5% = $15,000 Discount on bonds payable = $200,000 * (100%-97%)…
Q: Shadee Corporation expects to sell 630 sun shades in May and 370 in June. Each shade sells for $150.…
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: The final amounts were in for Marigold Corp's foed-MOH costs. The total fixed-MOH costs consisted of…
A: Total Fixed Overhead = 3100 + 4200 + 4600 + 1400 = $13,300
Q: Prefix Supply Company received a 120-day, 10% note for $24,000, dated April 12 from a customer on…
A: Answer : a. Due date = (April + May + June + July + Aug) Due Date = 18+31+30+31+10 = 120 Due date…
Q: The following data relates to a Joven Berhad: £000 £000 £000 Year ended 31 May 2016…
A: Gross profit is the difference between the amount of sales and the cost of sales. Net profit is the…
Q: Alvis Corporation reports pretax accounting income of $400,000, but due to a single temporary…
A: 1. Deferred tax liability = Temporary difference × Tax rate Temporary difference = Pretax Accounting…
Q: Cash budget The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget…
A: Calculation of Cash Receipts - Working Notes April May June July August…
Q: ary 1, 2024, Howell Ent g $170,000, signing a 7 first payment due on Ja
A: Answer : Total amount paid in installment = $236,861 Amount paid for loan is the actual loan…
Studies show that recognition programs are: Group of answer choices Most effective when they recognize between 10 to 20 percent of the sales force. Most effective when they recognize between 45 to 55 percent of the sales force. Never very effective in motivating reps. Most effective when they recognize between 60 to 70 percent of the sales force. Not effected by top management involvement.
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- An example of a nonfinancial measure for customer satisfaction is: delivery delay employee turnover number of defects on the production line process yield none of the above could be customer satisfaction measures 2.Measures of the balanced scorecard's financial perspective might include all of the following EXCEPT: operating income customer satisfaction gross profit percentage cost reductions 3. Which of the following is NOT true of the balanced scorecard? Different strategies call for different scorecard measures. Successful implementation requires commitment and leadership from top management. Only objective measures should be used and subjective measures should be avoided. Cause and effect linkages are implied by the balanced scorecard, and even though they may not be precise, can and should evolve over time.Which of the follow is an advantage of decentralization? Group of answer choices Decision made by one manager may have a negative impact on the performance of a manager of another department. Duplication of services since different departments use their own admin and support services. Departmental goals and the goals of the company not be congruent or aligned. Managers can make decisions quickly without having to wait for approval from upper management.Biases like motivated reasoning and surrogation are very prevalent in the business world. Man- agers are often compensated and evaluated based on performance measures such as production costs and profit margin. Hence, when subjective decisions need to be made regarding joint cost allocation, support department cost allocation, and budgeting, managers are motivated to believe and overvalue evidence that supports their products receiving less cost allocations, more budgeting, and other favorable outcomes. At the same time, managers will discount any evidence or reasoning that does not produce a favorable outcome for them. This is all part of the bias known as motivated reasoning. It is important to note, as well, that people exhibit the motivated reasoning bias unconsciously. In other words, people commonly overvalue favorable information and discount unfavorable information without realizing it. (Continued)
- Case Study Financial performance measures are essential tools used by managers to evaluate the financial health of their organization. They provide an overview of the company's financial performance, help identify areas of improvement, and support decision making. CarniTrin is a manufacturer of Carnival costumes in a highly competitive market. The company's management team is seeking guidance on the use of financial performance measures to identify the key drivers of the company's financial performance and develop a strategy to improve it. The following data relate to the company for the year 2019: In its clothing division, the company has $4,000,000 invested in assets. After-tax operating income from sales of clothing in 2019 is $700,000. Income for the clothing division has grown steadily over the last few years. • The cosmetics division has $12,000,000 invested in assets and an after-tax operating income in 2019 of $1,700,000. • The weighted-average cost of capital for CarniTrin is…The balanced scorecard approach uses only financial measures to evaluate performance. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility.What should an organization do if performance measures change? A. Make sure that the manager being evaluated is aware of the measurement change, as this may affect his or her decision-making. B. Make sure that the manager benefits without the corporation also benefitting. C. Make sure that there are significant overriding opportunities for each manager, if the manager is unaware of the change. D. Obtain customer surveys on the change before communicating the change to the manager.
- Performance measures are only useful if _______. A. there are both controllable and uncontrollable factors to evaluate managers B. manager reward systems are designed by the chief financial officer prior to implementation C. all of the measures used are accounting numbers D. there is a baseline against which to compare the measured resultsWhich of the following statements about the balanced scorecard approach is false? It requires managers to focus on financial measures more than nonfinancial measures. It looks at performance from the following perspectives: financial, customer, internal business, and learning and growth. It helps balance short-term operating performance with long-term strategies. It recognizes that traditional measures of performance are often not adequate to fully assess a company’s performance.These are measures not found in the chart of accounts, such as customer satisfaction scores or product quality measures. A. Quality measures B. Non-financial measures C. Financial Measures D. Balanced Scorecard A manager would like to see reduction of the following operational measures, except: A. Spoilage B. Number of customer complaints C. Queue time D. Manufacturing Efficiency
- The problem of goal congruence in decentralized organizations is rooted in the fact that… a. … financial goals may contradict strategic goals of the organization. b. … senior management does not always have the resources to implement high-level strategies. c. … lower-level managers do not automatically understand and agree with organizational goals and strategies. d. … senior management is often reluctant to give lower-level managers a certain amount of independence. e. … employees are not always motivated by financial goals or incentive schemes. Please donot provide solution in image format and provide step by step solution and fast solutionA good performance measurement system should have the following characteristics: It should be based on activities over which managers have control or influence. It should be measurable. It should be timely. It should be consistent in its application. When appropriate, the actual results should be compared with the budgeted results, standards, or past performance. The measurements must not favor the manager over the goals of the entire organization. Often, managers have the ability to make decisions that favor their individual units but that may be detrimental to the overall performance of the organization. True / FalseWhich of the following statements is true? A balanced scorecard contains both customer and internal business process performance measures because improvements in internal business process should result in improvements in customer satisfaction. Incentive compensation for employees, such as bonuses, should be tied to balanced scorecard performance measures only if managers are confident that the performance measures are easily manipulated by those being evaluated.
