Answer:
The personnel, procedures, devices, and records used by an entity to develop accounting information and communicate this information to decision makers.
Explanation:
Accounting system is a system used to organise financial information. Accounting system can be manual or electronic
Answer:
use socratic its in the app store
Explanation:
Answer:
c) $40,000 to buy the part
Explanation:
For computing the better off first we have to compute the per unit cost which is shown below:
= Direct material per unit + Direct labor per unit + variable overhead + applied variable overhead
= $12 + $25 + $13 + $30 × 30%
= $12 + $25 + $13 + $9
= $59
The difference cost would be
= $59 - $55
= $4
Now the better off would be
= Number of units × difference cost
= 10,000 units × $4
= $40,000
Answer:
A
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-165,000
Cash flow in year 1 - 6 = $45,000
I = 12%
NPV = $20,013.33
the project should be approved because NPV is positive
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
