Which of the following blurs the line between editorial messages and journalism in that it goes beyond the basic facts of an event or topic to provide context,analysis,and possible consequences?
A) Sponsored journalism. B) Entertainment journalism. C) Investigative journalism. D) Interpretive journalism. E) None of these.
Usefulness of standard costs in controlling costs Standard costs are said to be useful in controlling costs. Assume that the standard cost for raw materials per unit of finished product is $6.00 based on 3 kg at $2.00 per kg. i. Explain how such a standard can be used to evaluate performance. ii. Why is the degree of controllability important in utilising standard costs to evaluate performance?
i. The standard cost provides a measure of how much material should be used for a unit of product and how much each kilogram of raw material should cost. This standard provides a basis for evaluating performance by allowing a benchmark to be established based on the actual output of finished product for the time period. If an output of 100 units is assumed, then 300 kilograms should have been used. Furthermore, these materials should have been purchased for $2 per kilo. ii. The degree of controllability is important because not all factors are subject to the same degree of control. For example, the market for the raw material may be extremely competitive, in which case both buyers and sellers in that market are price takers. Therefore, management would have very little control over the material's price variance. On the other hand, management generally has more control over the usage of materials due to the ability to influence the amount of scrap, rejected units etc. that are produced.
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Answered
If management wishes to evaluate the amount of assets which were financed by creditors, they could use the:
A) debt to total assets. B) rate of return on common stockholders' equity. C) debt to total liabilities. D) times interest earned.