Answer:
A. Reject (Alternative 1) $0.00
Accept (Alternative 2) $1.12
Differentials Effect on income (Alternative 2) $1.12
B. Accepted (Alternative 2)
Explanation:
a. Preparation of a differential analysis dated March 16 on whether to reject (Alternative 1) or accept (Alternative 2) the special order.
DIFFERENTIAL ANALYSIS
Reject (Alternative 1) or Accept (Alternative 2)
March 16
Reject Accept Differentials Effect on income
(Alternative 1) (Alternative 2) (Alternative 2)
Revenue per unit $0.00 $7.20 $7.20
Costs:
Variable manufacturing costs per unit
$0.00 -$5.00 -$5.00
Export tariff per unit
$0.00 -$1.08 -$1.08
($7.20*15%=$1.08)
Income (Loss) per unit $0.00 $1.12 $1.12
b. Based on the above differential analysis
the special order should be ACCEPTED (Alternative 2).
Answer:
$4,050
Explanation:
Grey has $4,500 for shopping.
She spent 90% while on shopping.
The amount spent = 90/100 x $4500
=0.9 x $4,500
=$4,050
Answer:
Total after-tax cash flow= $6000
Explanation:
Giving the following information:
Equipment value= $30,000 in December 20x1.
Income= $10,000 p
Cost= $2,000 per year.
Depreciation= $3,000.
t=0,40
Cash flow has the following structure:
Income (+)
Cost (-)
Depreciation (-)
=EBIT
TAX (-)
Depreciation (+)
Total
Income= 10000
Costs= -2000
Depreciation= -3000
EBIT= 5000
Tax= -2000
Depreciation= 3000
Total= 6000
Answer:
The correct answer is c."oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services."
Explanation:
The chief financial officer is the person in charge of the financial administration of the organization, their tasks are focused on planning, implementing and analyzing the financial information of the company. Therefore, a chief financial officer like Genevieve does not get involved in activities such as ordering merchandise and arranging for janitorial services.
Answer:
Following high-profile corporate scandals including Enron and WorldCom, Congress
passed a set of legislations known as the Sarbanes-Oxley Act which requires the
disclosure of the presence or absence of a Code of Ethics for senior financial officers.
Explanation:
The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices.