The Data Retrieving Corporation Provided the Following Data About Its

question 135

Essay

The Data Retrieving Corporation provided the following data about its resources and activities.
In addition, computers are used for issuing statements (30 percent) and processing data (70 percent). Phones, supplies, and answering customer inquiries are 60 percent, with the other 40 percent divided equally among the remaining activities, including supervision. The supervisor spends 100 percent of his/her time on supervision. In addition to the 25,000 clerical hours, there are 2,000 hours of supervision used (the hours used by the supervising clerks activity which is not listed above)
Required:
Prepare a work distribution matrix for the primary activities.

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Definitions:

Reverse Acquisition

An acquisition where the acquiring company is considered the subsidiary and the target company is considered the parent in financial reporting.

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as if they were a single economic entity.

Accounting Effects

The impacts on a company's financial statements resulting from transactions, changes in accounting policies, or economic events.