Problem with explanation.
Q: What is the difference between ER and REA model
A: ER model stands for Entity Relationship model which is a high-level data model. This model defines…
Q: What is meant by the term antidilution? Give an example.
A: An increase in the earnings per share refers to anti-dilution. This results on account of the…
Q: Difference Between Traceability and Controllability?
A: Following is the answer to the given question
Q: Which of the following is incorrect?
A: Accounting system is a structured system that is incorporated in a business entity to collect,…
Q: What does overstated mean?
A: Definition of Overstated:- Overstated uses two way terms by accountant: The entered or reported…
Q: What are Required Assumptions and Decision Frameworks for replacement analysis?
A: Replacement analysis: It is an analysis tool in capital budgeting decisions. An asset life tends…
Q: Explain Deficiency Judgment?
A: To borrow funds, borrower might be required to mortgage its property to the lender. In case that…
Q: Which answer below is the result of this error?
A: In the given case, the journal entry is recorded incorrectly. Due to which the service revenue will…
Q: Describe about the intuitive approach?
A: Supervisors regularly depend on models and intuition to make fast decisions. Intuitive decision…
Q: what is disinvestment ?
A: Disinvestment: Disinvestment means selling off the assets such as manufacturing plant, a division,…
Q: What are some disadvantages of the APT?
A: APT is the abbreviation used for the arbitrage pricing theory. A theory or a model for asset pricing…
Q: What is the purpose of a Limit Test?
A: Definition: Limit test: It checks the data by evaluating it with the predetermined upper and…
Q: artnership
A: Correct answer :- D 15000
Q: Why is it more accurate to describe the subject matter as CVP analysis rather than as breakeven…
A: Cost-Volume-Profit Analysis (CVP Analysis): CVP Analysis is a tool of cost accounting that measures…
Q: Why option A is incorrect?
A: revenue is generated by the business whenever goods or services are sold by the business.this leads…
Q: What are the Replacement decisions?
A: Cost: It is the economic value of resources incurred by a firm to manufacture a product or render…
Q: ) What deficiencies in IRR can be overcome by using MIRR?
A: Introduction : Internal rate of return, commonly referred to as the IRR, can be understood as the…
Q: How can you partically alleviate the various drawbacks of IRR?
A: Internal rate of return (IRR) is one of the capital budgeting techniques which is used to measure…
Q: What are the key assumptions of the CAPM?
A: Introduction: The CAPM is an equilibrium model that stipulates the relationship between necessary…
Q: Which one of the following statements is INCORRECT?
A: Statement (2) is correct as under FIFO method, the earlier goods purchased would be comparatively…
Q: What is materiality? Explain?
A: Materiality: The accounting concept which focusses that all the financial items and figures which…
Q: Define the term Multiple Peril?
A: Multiple-perilIt is the insurance coverage package for small and commercial businesses. It is the…
Q: What are the Basic Concepts and Terminology of Replacement-Analysis?a
A: Assets: Assets are those items that provide value for money and future economic benefit for an…
Q: What is the meaning of incoterms
A: International chamber of commerce is the supervisor of international trading, and try to provide…
Q: Explain recourse
A: A recourse is a legal right to demand a compensation or repayment. it is an legal agreement that…
Q: Distinguish between cumulative or noncumulative?
A: cumulative and noncumulative preferred is assumed since the key term is not given.
Q: What is hedging?
A: SOLUTION:- Hedging refers to shielding of investments. A hedge is an investment method which aims…
Q: What is management by exception?
A: Management by Exception: Management by exception is one of the management styles where the…
Q: Explain the limitations of CAPM.
A: A mathematical model that describes the link between a security's expected return and risk is…
Q: What is Projected Misstatement?
A:
Q: What are the types of situations that result in troubleddebt?
A: Troubled debts can result in two different situations, which are as…
Q: What is counterbalancing?
A: Errors: The comparability and consistency of the financial statements decreases when a company…
Q: What is objective risk
A: Risk means the possibility of happening loss. Risk is directly related to the loss. If the amount of…
Q: What is sensitive analysis?
A: Sensitive analysis is a method for predicting the outcome of a decision if a situation turns…
Q: What are valid weaknesses of NPO?
A: Not for profit organization have certain weaknesses. some for them are- 1. Limited Purposes In order…
Q: Distinguish between overcosting and undercosting?
A: Over Costing:Over costing is a state in which the estimated or reported cost of a product is more…
Q: efine the term materiality and explain why it may be d
A: Materiality is quite important in preparing the financial statement and it is very important to the…
Q: What is the answer of this with solution and explanation.
A: The question is related to adjusting Entires as om 31st December 2018.The details regarding the…
Q: The Conceptual Framework is not an IFRS.
A: IFRS is an acronym of International Financial Reporting Standards The IFRS provides the standards…
Q: What is the decision rule for ARR?
A: Accounting rate of return refers to rate of profit earned on an investment. The ARR is computed by…
Q: How can thepayback method be useful?
A: Meaning: The payback period is the time required to earn back the amount invested in a…
Q: What is loss aversion?
A: What is loss aversion?
Q: Difference Between Traceability and Controllability? Explain briefly in points.
A: Traceability and controllability are two concepts used in cost accounting. These are the forms of…
Q: Explain the Abstract and Opinion Method?
A: Abstract and Opinion method is an approach of assuring of property’s title. Abstract and Opinion…
Q: Explain direct-effect noncompliance.
A: Direct-effect noncompliance: Direct-effect noncompliance produces direct and material effects on…
Problem with explanation.
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- Garrison Boutique, a small novelty store, just spent $4,000 on a new software program that will help in organizing its inventory. Due to the steep learning curve required to use the new software, Garrison must decide between hiring two part-time college students or one full-time employee. Each college student would work 20 hours per week, and would earn $1 S per hour. The full-time employee would work 40 hours per week and would earn $15 per hour plus the equivalent of $2 per hour in benefits. Employees are given two polo shirts to wear as their uniform. The polo-shirts cost Garrison $10 each. What are the relevant costs, relevant revenues, sunk costs, and opportunity costs for Garrison?You are a management accountant for Time Treasures Company, whose company has recently signed an outsourcing agreement with Spotless. Inc., a janitorial service company. Spotless will provide all of Time Treasures janitorial services, including sweeping floors, hauling trash, washing windows, stocking restrooms, and performing minor repairs. Time Treasures will be billed at an hourly rate based on the type of service performed. The work of common laborers (sweeping, hauling trash) is to be billed at $8 per hour. More skilled (repairs) and more dangerous work (washing outside windows on the 23rd floor) are to be billed at $18 per hour. Supervisory time is to be billed at $20 per hour. Spotless will submit monthly invoices, which will show the number and types of hours for which Time Treasures is being charged. The outsourcing contract is simple and straightforward. A. What are some of the internal control problems you foresee as a result of our sourcing the janitorial service with this contract? B. Explain recommendations to control risk that would you suggest after reviewing the contract.Alard Manufacturing Company has a billing department staffed by four billing clerks. Each clerk is paid 32,000 per year and is able to process 8,000 bills. Last year, 27,360 bills were processed by the four agents. Calculate the unused capacity in terms of number of bills. a. 27,360 b. 4,640 c. 8,000 d. 32,000
- Variety Artisans has a bottleneck in their production that occurs within the engraving department. Arjun Naipul, the COO, is considering hiring an extra worker, whose salary will be $45,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,500 more units per year. Currently, the selling price per unit is $18 and the cost per unit is $5.85. Using the information provided, calculate the annual financial impact of hiring the extra worker.Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $55,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,000 more units per year. Currently, the selling price per unit is $25 and the cost per unit is $7.85. Using the information provided, calculate the annual financial impact of hiring the extra worker.Country Diner currently makes cookies for its boxed lunches. It uses 40,000 cookies annually in the production of the boxed lunches. The costs to make the cookies are: A potential supplier has offered to sell Country Diner the cookies for $0.85 each. If the cookies are purchased, 10% of the fixed overhead could be avoided. If Jason accepts the offer, what will the effect on profit be?
- Computador has a manufacturing plant in Des Moines that has the theoretical capability to produce 243,000 laptops per quarter but currently produces 91,125 units. The conversion cost per quarter is 7,290,000. There are 60,750 production hours available within the plant per quarter. In addition to the processing minutes per unit used, the production of the laptops uses 10 minutes of move time, 20 minutes of wait time, and 5 minutes of rework time. (All work is done by cell workers.) Required: 1. Compute the theoretical and actual velocities (per hour) and the theoretical and actual cycle times (minutes per unit produced). 2. Compute the ideal and actual amounts of conversion cost assigned per laptop. 3. Calculate MCE. How does MCE relate to the conversion cost per laptop?Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of$25,750 and is capable of processing as many as 6,500 purchase orders per year. Each clerk usesa PC and laser printer in processing orders. Time available on each PC system is sufficient toprocess 6,500 orders per year. The cost of each PC system is $1,100 per year. In addition to thesalaries, Elliott spends $27,560 for forms, postage, and other supplies (assuming 26,000 purchaseorders are processed). During the year, 25,350 orders were processed.Required:1. Classify the resources associated with purchasing as (1) flexible or (2) committed.2. Compute the total activity availability, and break this into activity usage and unused activity.3. Calculate the total cost of resources supplied (activity cost), and break this into the cost ofactivity used and the cost of unused activity.4. (a) Suppose that a large special order will cause an additional 500 purchase orders. Whatpurchasing costs are…Classical Glasses operates a kiosk at the local mall, selling s unglasses for $30 each. Classical Glasses currently pays $1,000 a month to rent the space and pays two full-time employees to each work 160 hours a month at $10 per hour. The store shares a manager with a neighboring kiosk and pays 50% of the manager’s annual salary of $60,000 and benefits of $12,000. The wholesale cost of the sunglasses to the company is $10 a pair. Q.If the store’s hourly employees agreed to a 15% sales-commission-only pay structure, instead of their hourly pay, how many sunglasses would Classical Glasses need to sell to earn an operating income of $5,300?
- A small bank is trying to determine the number of tellersto employ. The total cost of employing a teller is $100 per day, and a teller can serve an average of 160 custom-ers per day. On average, 210 customers arrive per day at the bank, and both service times and interarrival times areexponentially distributed. If the delay cost per customerday is $200, how many tellers should the bank hire?Your bakery can produce 3,000 unit of bagel per week for 48 weeks of operation per year. You aim to stay in this business for five years. You can either make the dough for the bagels in house or buy them from a different source. If you make the dough in house, you face with annual labour costs: $30,000, annual safety regulation costs: $5,000 and annual material costs: $20,000. But, if you choose to buy the dough from a different source, you must have a special dough-mixer machine to make adjustment for your production. Therefore, you need to pay $5,000 for the dough mixer machine, which has $1,000 salvage value at the end of 5 years. Furthermore, you face with annual maintaining costs including labour costs: $20,000 and additional overhead costs: $10,000 Using this information, find the unit cost of buy the bagel option with MARR 20%. Question 4 options: a) Between $0.70 and $0.80 b) None of the answers are correct…Garrison Boutique, a small novelty store, just spent $4,000 on a new software program that will help in organizing its inventory. Due to the steep learning curve required to use the new software, Garrison must decide between hiring two part-time college students or one full-time employee. Each college student would work 20 hours per week, and would earn $15 per hour. The full-time employee would work 40 hours per week and would earn $15 per hour plus the equivalent of $2 per hour in benefits. Employees are given two polo shirts to wear as their uniform. The polo-shirts cost Garrison $10 each. What are the sunk costs for Garrison?