For what purpose is horizontal analysis used by management? Is this information provided to stockholders? If so, in what form? If not, why?
Horizontal analysis is used to track the relative behavior in changes of percentages of financial statement items from one period to the next. It can flag increases or decreases that need to be examined more closely by management. It helps with controlling expenses. In annual reports, management provides horizontal analysis as supplemental information by showing trends over longer periods of time.
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The first step in the OE/S process is typically a data flow from a(n) ______________________________
Fill in the blank(s) with correct word
The partners in ________ systems are united in operational ways, but neither demonstrates structural commitment through legal means or adaptation
A) mutually adaptive B) collaborative C) basic buying and selling D) customer supply E) cooperative
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 195000 Compute the variable overhead efficiency variance. a. $50000 (F) b. $50000 (U) c. $40000 (F) d. $30000 (U)
Wes, who is an art collector, offered to buy a print from Le Monde Gallery. Le Monde balked at the price, sending Wes a letter of rejection. That day it discovered that the print was not as highly valued as originally thought. Le Monde immediately telephoned Wes to accept his offer. Is there a contract?
a. Yes, since the acceptance was received before the rejection. b. No, because the rejection was effective upon dispatch. c. No, because the rejection terminated the offer. d. Yes, because the acceptance is always effective upon dispatch.