Page 1 of 59 6 Student: _______________________________________________________________________________________ 1. All of the following statements describe qualities of relevance except: A. B. C. D. Relevant information is future oriented. Relevant information differs between the alternatives. Relevant information requires a high degree of precision. Relevant information includes qualitative as well as quantitative data. 2. Select the correct statement regarding relevant costs and revenues. A
Premium Costs Variable cost
1. Who are the stakeholders involved in this decision? Although Anne‚ the CEO‚ and Sue‚ the accountant are involved in this decision it is the banks‚ Linkage Construction Inc. employees and investors‚ and subcontractors if any are used are the affected stakeholders involved in this decision. 2. What are the ethical issues involved? The ethical issue involved is changing the expense report to show lower expected profits for the current year just to manipulate the growth trend of the company which
Premium Ethics
week 2 Public Policy and Development in health and Human services‚ The electronic reserve I chose is‚ “ Judge stalls Michigan drug testing program for welfare applicants”. I agree‚ with the drug testing pilot‚ but totally disagree‚ with the judge imposing a temporary junction‚ to stop the program. I feel if you’re receiving state benefits than you should be tested. There are so many people I know personally that abuse the welfare program. They commit fraud‚ and abuse
Premium Unemployment Drug test Welfare
Variable costs are those costs that increase as the output the restaurant increases. As example‚ assume for the Teen Burger Direct Materials cost $1.50 per burger. A day with one thousand burgers sold would cost of $1500 dollars. In comparison‚ a day with two thousand burgers sold would cost $3000 dollars. While the cost per Teen Burger remains constant the total cost per day varies with the output each given day. Electricity costs would increase in the same fashion as each time a burger is cooked
Premium Costs Cost Manufacturing
Forecasting HSM/260 January 17‚ 2014 Janice Gilstorff Forecasting Exercise 9.1 Forecasting is a guess of what the financial future holds (production output or sales). In the scenario in the book exercise 9.1 they want you to forecast what the 20X5 figures would be. It does give you some background information‚ such as the Human services expenses over the past four years. 20X1 [$5‚250‚000] 20X2 [$5‚500‚000] 20X3 [$6‚000‚000] 20X4
Premium Forecasting Future Prediction
Break-Even Analysis FIN/200 July 29‚ 2010 Justin Henegar 13. Healthy Foods‚ Inc.‚ sells 50-pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $80‚000‚ while the variable costs of the grapes are $.10 per pound. a. What is the break-even point in bags? 80‚000/5= 16‚000 bags- This is the company’s break-even point because the variable per unit would be $5.00 if it’s .10 per pound with a 50-lb bag. The other answer I received was 8‚080 bags but this would
Premium Leverage Operating leverage Costs
Foundations Paper HSM/260 Imagine living in a time where finding a job was almost impossible‚ food was hard to come by‚ and people were dying left and right from suicide and disease. Imagine feeling helpless and worthless because you could not afford to feed you family‚ so you take the easy way out and end your life- sometimes taking your family with you. This was the life for many people during the great depression when war had consumed most of all humanity and
Premium Unemployment Great Depression Wall Street Crash of 1929
has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment spreadsheet provides a starting point for your calculations
Premium Cost Costs Mathematics
done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the short
Premium Cost Costs Economics
CheckPoint Networking in Operating Systems Susy L. Alban IT/282 Ma 25‚ 2012 Richard Stevens CheckPoint Networking in Operating Systems Resources: Ch. 17 & 18 of A+ Guide to Managing and Maintaining Your PC Write a 1-page paper in which you address the following points: · How networking functions in an operating system · The necessary steps to enable networking on a workstation · Potential problems and solutions when connecting an operating system to a
Premium Operating system Computer network