Which of the following are measures of effectiveness for a government funded school? (1) The number of students completing their examinations on schedule (2) The number of students per member of teaching staff (3) The number of students gaining entry into further education (4) The number of teaching hours per member of teaching staff O2 and 4 only O 1, 2 and 3 only O 1, 2, 3 and 4 O1 and 3 only
Q: Consider the following table of Earnings Components: Firm A Firm B Firm C Reported EPS $12…
A: Implied earnings:- Implied earnings shows the market's expectations for how fast or slow a company's…
Q: XYZ Company had the following shares outstanding during the year: • 100,000 shares from January 1 to…
A: Common shares are the shares which are issued by the entity for the purpose of raising funds from…
Q: Sharon Incorporated is headquartered in State X and owns 100 percent of Carol Corporation, Josey…
A: Under the solicitation bounds of Public Law 86-272, the business income should be assigned to the…
Q: Below is a list of independent transactions. For each transaction, identify which section of the…
A: Cash flow statement is a financial statement in which outflow and inflow of cash is determined under…
Q: Sell at Split-Off or Process Further Decision, Alternatives, Relevant Costs Vihaan Chemicals…
A: Answer:- Sell or Process Further Decision:- When a manufacturing process yields two or more…
Q: Whitman Company has just completed its first year of operations. The company's absorption costing…
A: The income statement using variable costing only uses expenses and costs that are variable. The…
Q: 7. A fire caused heavy damage to the Anatolia Antique Store on May 21, 2023. All merchandise was…
A: Trading accountTrading Accounting is one of the accounts prepared as a part of financial statements.…
Q: Morganton Company makes one product and it provided the following information to help prepare the…
A: Product cost is defined as the expense incurred which is directly related to the production of the…
Q: Trio Company reports the following information for its first year of operations. $ 13 per unit $ 17…
A: Lets understand the basics.Product cost can be calculated using,(1) Variable or marginal costs(2)…
Q: Company XYZ purchased equipment on November 10, 2021 at a cost of $5,000. The equipment is expected…
A: Depreciation Expense : It refers to the allocation of the cost of a tangible asset over its useful…
Q: Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished…
A: Raw materials are defined as the inputs that the industry uses to complete the production process.…
Q: Use this information about Department W to answer the question that follows. Department W had 2,940…
A: Process costing: It is a type of costing method, where the direct costs are accumulated and indirect…
Q: Legacy issues $620,000 of 9.5%, four-year bonds dated January 1, 2021, that pay interest…
A: As per the Honor code of Bartleby we are bound to given the answer of first three sub part only,…
Q: Includes claims to specific assets in the event of default Group of answer choices Secured…
A: These claims are often outlined in various legal agreements or contracts, such as loan agreements,…
Q: Problem 4-37 Operation Costing; Unit Costs (LO 4-7) [The following information applies to the…
A:
Q: Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of…
A: Labor cost variance :It is the difference between standard cost of labor allowed for actual output…
Q: Lusk Corporation produces and sells 14,300 units of Product X each month. The selling price of…
A: Dropping a Product line decision :While taking decision regarding adding or dropping a product…
Q: Below is a list of independent transactions. For each transaction, identify which section of the…
A: Statement of cash flow is an important part of financial statements. There are mainly 3 sections in…
Q: What would you pay for a $225,000 debenture bond that matures in 15 years and pays $11,250 a year in…
A: Maximum that can pay : As debenture bond will provide the $11,250 every year as interest and…
Q: Ivanhoe Inc. has a defined benefit plan for its employees. On December 31, 2022, the company's…
A: To calculate the defined benefit expense for Ivanhoe Inc. for 2023, let's consider the provided…
Q: Learning Objective 2 Colorado Corporation has two classes of stock: common, $3 par value; and…
A: Lets understand the basics.Shares can be of generally two types which are equity shares and…
Q: Cullumber Company reported the following information for 2020: Sales revenue Cost of goods sold…
A: A comprehensive income statement is a statement that is an extension of the income statement and…
Q: If a company estimates total fixed manufacturing overhead costs at $820, variable manufacturing…
A: Predetermined overhead rate: Predetermined overhead rate is calculated befor the period begins. This…
Q: Make-or-Buy Decision Matchless Computer Company has been purchasing carrying cases for its portable…
A: The differential analysis is performed to compare the different alternatives available with the…
Q: Current assets: Cash and marketable securities Accounts receivable Inventory Total Assets Fixed…
A: The statement of cash flows is the one in which cash inflows/outflows are shown related to three…
Q: 3. On July 1, 2018, Volunteer Inc. issued bonds with a $500,000 face value at 108.0 and the 5-year…
A: Journal entries are the primary method used to record financial transactions in accounting. They are…
Q: urrent Attempt in Progress Presented below is an income statement for Kinder Company for the year…
A: The income statement is a crucial financial statement that provides insights into a company's…
Q: The following information relates to John and Margie Company limited. The company adopts a pension…
A: To calculate the pension expense for each year and prepare the journal entries, we need to consider…
Q: Which of the following would NOT be included as an asset on a corporate balance sheet? lect one: O…
A: Assets means It is a resource with economic value that an individual, corporation, or country owns…
Q: On January 1, 2022, Swifty Corporation had $1,480,000 of common stock outstanding that was issued at…
A: Journal entries are the primary reporting of the business transactions in the books of accounts.…
Q: Johanna and her sister are developing a business to make branded reusable stainless steel coffee…
A: Budget is a tool by which businesses can estimate their future income and expenses.There are…
Q: In response to a growing awareness of gluten allergies, Cullumber Bakery tried using gluten-free…
A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…
Q: Determine the ending inventory and the cost of goods sold under each of the assumed cost flow…
A: The various methods to value the inventory are FIFO, LIFO and average cost.The average cost per unit…
Q: Chuck Company purchases performs a major inspection on its machinery on 1 January 20X4 for $137,000.…
A: The inspection cost will be capitalised in Machinery account and will be spread over every five…
Q: Sales revenue is generated by the sale of inventory. Companies can choose between the perpetual and…
A: The perpetual and periodic systems are two different methods used to account for inventory in a…
Q: Elliott Company produces large quantities of a standardized product. The following information is…
A: Under weighed average cost method the units in beginning work in process are not considered while…
Q: Current Attempt in Progress Laura Hall is the sole owner of Wildhorse Vista Park, a public camping…
A: Balance sheet:A balance sheet is a statement of assets, liability, and equity. It is prepared after…
Q: Required information [The following information applies to the questions displayed below.] Sandra's…
A: Ending Inventory: It is the amount of stock available at the reporting date.Cost of goods Sold: It…
Q: Strait Co. manufactures office furniture. During the most productive month of the year, 3,800 desks…
A: Variable cost is the cost that remains same on per unit basis where as fixed cost is the cost that…
Q: Max a single taxpayer has a $280,000 loss from his sole proprietorship in 2022. How much of this…
A: An excess business loss refers to the amount by which the total deductions from a taxpayer's…
Q: Required: Compute cost of goods available for sale and the number of units available for sale what…
A: FIFO is the method used for calculating cost of goods sold and cost of closing inventory. In FIFO,…
Q: morman 1. The following figures are available: Sales Purchases Sales commission Wages ● 40% of all…
A: Cash BudgetWhich is very helpful to forecast future cash payments and help to make decisions about…
Q: Wildhorse Company has 1,990 kg of raw materials in its December 31, 2022, ending inventory. Required…
A: Desired ending inventory = Budgeted production for February X Raw material required per unit x 25%=…
Q: 3. A company just starting business made the following four inventory purchases in June: June 150…
A: To calculate the cost of goods sold and the cost of ending inventory in costing some methods are…
Q: Rios Raft Company had the following liabilities. a. Accounts Payable b. Note Payable due in 3 years…
A: Current liabilities are those obligations that are expected to be settled within a short period,…
Q: There is a common phrase in business: "Cash is king." "Cash flow is the life-blood of a company.…
A: Cash flow refers to the movement of money into and out of a business over a specific period,…
Q: Rio Ltd makes and sells two products, Sham and Wham. The following information is available for…
A: S.NoMarginal CostingAbsorption Costing1As the name suggest itself variable cost is considered in…
Q: Coronado Industries retires its $680000 face value bonds at 103 on January 1, following the payment…
A: The redemption of bonds referrers when the issuer calls the bonds and pays the face value of bonds…
Q: Define both current liabilities and current assets. In what ways are they related?
A: Maintaining an appropriate balance between current assets and current liabilities is crucial for a…
Q: What is the fixed overhead volume variance?
A: Standard costs are estimates of the actual costs in a company’s production processThen, the actual…
Step by step
Solved in 3 steps
- Explain the reason why the Employee Provident Fund (EPF) is known as a financialintermediary in Malaysia. (150 words)onation received for specific purpose is: a. Credited to income and expenditure account b. Shown on liabilities side of Balance sheet as Donation Fund c. Debited to income and expenditure account d. Shown as asset side of Balance sheet as Donation Fund Question 14 Question text Which among the following is not an enterprise fund in a school district? a. Athletic stadium that sell tickets to events b. Bookstores c. Public parking spaces d. Cafeteria Question 15 Question text Rule by people is referred to as: a. Republic b. Oligarchy c. Democracy d. MonarchyIdentify Activity Bases For a major university, select the activity base most appropriate for each cost listed below. An activity base may be used more than once or not used at all. Cost: Activity Base: 1. Financial aid office salaries 2. Office supplies 3. Instructor salaries 4. Housing personnel wages 5. Employee wages for maintaining student records 6. Admissions office salaries
- How can the performance of colleges and universities be measured? What tools exist to assist with performance measurement?You were asked to make a presentation to a group of CSEC students on some areas related to non-profit making organisations. The specific areas are: i difference between accounts for non-profit and for-profit organisations 11. examples of non-profit organisations in your country 111. an explanation of the use of a subscription account iv. preparing a subscription account from given data For your presentation, research (i), (ii), (iii) and use the data below to complete (iv). A drama club charges its members an annual subscription of $40 per member. It accrues for subscriptions owing at the end of each year and also adjusts for subscriptions received in advance. i. ii. 111. On January 1, 2022, 36 members owed $720 for the 2021 year In December 2021, 8 members paid $160 for the year 2022 During the year 2022 the club received cash for subscriptions $$14,840 $720 $13840 $280 iv. At the end of December 31, 2022, 11 members had not paid their 2022 subscriptions. For 2021 For 2022 For 2023A not-for-profit organisation (for example, a university) will: Select one: O A. Be concerned with costs O B. Require non-quantifiable information O C. Try to plan future revenues O D. All of the above.
- The following chart is published in a local government’s annual financial report. Identify four significant critiques of this chart. Draw on class instruction/discussion on professional chart design.18 Government expenditure includes all public consumption, investment, and transfer payment. Which of the following is categorized under current expenditure? i. Purchases of hospital equipment. ii. Salary payment for teachers of private schools. iii. Grant for research and development (R&D) activities. iv. Social security payments for the unemployed. i only i and ii i, ii and iii i, ii, iii and ivQ1 Describe the role of the following personnel: i. Auditor General ii. Accountant General Q2 Explain any TWO (2) elements of Modified Budgeting System (MBS). Q3. explain the meaning of i. Performance Audit ii. Financial Audit Q4. Explain the following terms: i. Clients’ Charter ii. Total Quality Management Question 4 Performance measures are being actively developed in Malaysia by the government to improve the performance of the public sector. The interest of performance measurement in the public sector can be observed through the introduction of various types of performance measurement initiatives. Required: (a) Explain the following terms: i. Clients’ Charter ii. Total Quality Management (b) Performance measurement initiatives is a waste of time for the government agencies in Malaysia. Provides justification whether you agree or disagree with the statements (c) Explain the relationship of input, process, output and outcome as part of key performance…
- Which of the following criteria has the LEAST impact on determining how much federal aide you can receive for college? A. Student income B. Parents Income C. Number of siblings attending college D. GPA1. Comment on the general usefulness of ROA as the basis of evaluating district managers’ performance. Could this performance measure be made more effective? 2. While computing district profits for performance evaluation purposes, should there be 11 a charge for income taxes? Should corporate overheads be allocated to districts? Should profits be computed on the basis of historical costs or on the basis of replacement costs? Evaluate these issues from the standpoint of their motivational impact on the district managers. 3. Evaluate Quality’s incentive compensation system. Does the present system motivate district managers to make decisions which are consistent with the strategy of the firm? If not, make specific recommendations to improve the system.Padma completed her doctoral degree and has taken a position as an assistant professor at a local university. She was given the following performance measures for her new position. Identify whether these goals are long or short term. A. Interact in a fair and impartial way with students. B. Promote and access student academic achievement. C. Counsel students within the norms of society and the regulations of the college. D. Motivate students. E. Effectively plan and organize lectures and labs in accordance with the college course outlines. F. Report class attendance in accordance with the college policy and procedure. G. Serve on academic committees as assigned. H. Make progress toward tenure necessary at her university.