24. Costs of normal shrinkage and normal continuous losses in a process costing environment are handled by the method of accretion. true or false
Answers
The statement "Costs of normal shrinkage and normal continuous losses in a process costing environment are handled by the method of accretion" is false because the method of accretion is not used to handle costs of normal shrinkage and normal continuous losses in a process costing environment.
In a process costing environment, the costs of normal shrinkage and normal continuous losses are typically handled by the method of proration, not accretion. Proration involves allocating the costs of the lost units to the remaining units in the process, which helps to distribute the expenses fairly and accurately among the produced units.
Accretion refers to the gradual increase in the value of an asset, which is not related to handling shrinkage or continuous losses in process costing.
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Related Questions
Explain the importance of office for an organization long answer
Answers
Answer:
The answer to this question is given below in this explanation section.
Explanation:
" importance of office for an organization"
An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.
It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.
Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.
Which buyer type has an open mind and tends to take chances on new products without hesitation?
a. ready buyer
b. logical buyer
c. stubborn buyer
d. emotional buyer
Answers
Answer:
A
Explanation:
the income effect of a price change results in a question content area bottom part 1 a. movement along the demand curve due to a change in purchasing power brought about by the price change. b. shift of the demand curve when income changes. c. shift of the demand curve due to a change in purchasing power brought about by the price change. d. movement along the demand curve due to a change in relative prices.
Answers
The correct answer is A, The income effect of a price change results in a movement along the demand curve due to a change in purchasing power brought about by the price change.
When there is a change in price, it changes the purchasing power of the consumers.The income effect is concerned with the changes in consumer purchasing power that occur when the prices of goods and services rise or fall. It is concerned with how much a consumer can buy with the money they have. If the price of a good falls, it increases the consumer's purchasing power, which increases the demand for the product. If the price of good rises, it reduces the consumer's purchasing power, which reduces the demand for the product.The income effect, therefore, refers to the way that consumers' real income changes when the price of a good or service changes. It is an important concept in economics because it helps explain the relationship between the price of a good and the quantity demanded.Therefore, option A is correct.Learn more about income effect: https://brainly.com/question/9745324
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What would be the best time for a person to buy a franchise?
Answers
Answer:
Buying a franchise should be one of the most heavily researched decisions of your life, but timing is everything. Here's how to know when ...Explanation:
HOPE U lIKE MY ANSWER AND MY ANSWER HELPED U.....What would you do if your friend is failing the class?
Answers
Answer:
Help them study and help them write an email to the teacher to ssee if there was anything they can do to raise their grade
Explanation:
Answer:
Help them with there work so they can get better grades.
Explanation:
You are a nice friend.
CAN SOMEONE WITH SOME BUSINESS KNOWLEDGE HELP ME PLEASE!
The main business functions and their roles.
Review questions
1. Which business function is concerned with ensuring that products are produced to meet the quality standards expected by customers?
2. Name the business function involved in developing and selling products that meet customer needs.
3. Which sector is involved in making sure that the company has the employees it needs to run its operations?
4. Which business function is responsible for ensuring that the company has the funds it needs to carry out its operations?
5. Which business department is responsible for ensuring that employees are adequately compensated (salary-wage)?
6. Name the business function that must ensure that the correct quantity of a good or service is produced.
7. Which sector is responsible for researching and determining the wants and needs of different groups of consumers?
8. The management of the company wants to provide an extra benefit to its employees, other than a salary increase, for example, offering cafeteria and/or cafeteria service. What type of information should be consulted with each sector (HR, OPERATIONS, FINANCE AND MARKETING)?
THANK YOU FOR AT LEAST READING IT
Answers
Answer:
marketing is the business functions involved in developing and selling products that meet customer's need.
summarize If you were to work in the Administrative Support pathway, you would manage the activities of an office. You would use computers to perform clerical activities. One of your goals would be to ensure that information is collected and shared with staff and clients. Employees in the Business Information Management pathway help collect, analyze, organize, and share information. Employees working in management do a variety of activities to keep a business in operation. The size of the company affects the work you might do as the manager. In a large company, you might supervise other managers. In a small company, you might directly supervise all the employees. Or you might direct the work in one area of a business such as marketing or finance. As a manager, there could be many tasks to your job. You might build relationships with people outside the company or department and with employees. Your might negotiate with or hire employees. Another part of the job might be to assure there are equipment, supplies, and money to operate the business. In the Human Resources Management pathway, you would be responsible for finding and keeping employees. To do this, you would interview and hire the most qualified applicant. In addition, you would have to be familiar with labor laws and wages and benefits. Your duties might include providing training and doing things to keep employees happy. In the Operations Management pathway, you help organizations get the resources they need. You plan, organize, coordinate, and schedule the delivery of resources
Answers
Working in the Administrative Support Operations Management pathway involves managing office activities and utilizing computers for clerical tasks. The goal is to ensure efficient collection and sharing of information with staff and clients.
In the Business Information Management pathway, employees focus on gathering, analyzing, organizing, and disseminating information. In the Management pathway, the responsibilities vary based on the company's size.
Managers may supervise other managers in large companies or directly oversee all employees in small companies. They handle tasks such as building relationships, negotiating, hiring, and ensuring the availability of resources for business operations.
The Human Resources Management pathway involves finding and retaining employees through activities like interviewing, hiring, and knowledge of labor laws and compensation.
Responsibilities may also include training and maintaining employee satisfaction. In the Operations Management pathway, the focus is on acquiring necessary resources for organizations. This includes planning, organizing, coordinating, and scheduling resource delivery.
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Ivie Clarke has decided to launch a numbers game like Sudoku. She estimates her fixed costs to be £5,000. The variable costs are £1.20 per game. She intends to sell the games for £5.00 each. Ivie estimates she will sell 1,400 games a month. 7 (a) What is her total revenue if she sells 1,400 games? (1) (b) What are her total costs if she sells 1,400 games?(1) (c) How much profit does she make if she sells 1,400 games?(1) 8 How many games does she need to sell to cover her total costs?(1) 9 In fact the fixed costs of the business were actually £5,500. How much profit or loss would Ivie make if she sold 1,400 games. (2)
Answers
Her total revenue if she sells the 1,400 games of the numbers game is £7,000.
What is revenue?The average sales price is multiplied by the quantity of units sold to arrive at revenue, which represents the money generated by normal business operations. Net income must be deducted from the top line (or gross sales) figure in order to be calculated. In the salary summary, revenue and sales are synonymous. To determine how effectively a business collects unpaid debt, it is critical to review the cash flow summary. Cash accounting, in comparison, only records purchases as revenue when actual money changes hands. "Receipt" is the term used to describe money provided to a business. For receipts to show, income is not necessary. For instance, there will be a receipt but no income from a customer who pre-paid for a service or goods that were never delivered.
Ivie's total revenue if she sells the 1,400 games is:
Revenue = Price per game x Number of games sold
Revenue = £5.00 x 1,400
Revenue = £7,000
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I need q 4 and 5 please:)
Answers
What accommodations should employers make when employees must take
on unpaid labor? What accommodations should the government make?
What accommodations should a just society make?
Answers
When an employee must take on unpaid labor, their employer should make some accommodations to help them, such as the provision of compensatory time off, flextime, telecommuting, or job-sharing arrangements, to name a few.
What accommodations should employers make when employees must take on unpaid labor?The accommodations that employers should make when employees must take on unpaid labor are as follows:
The employer should provide compensatory time off. The employer should offer telecommuting options. The employer should provide flexible work hours. The employer should consider job-sharing arrangements. The employer should offer leave time or a sabbatical.
What accommodations should the government make?To aid workers who undertake unpaid work, the government should provide some accommodations. The government can offer social welfare programs such as unemployment insurance or some form of emergency paid leave, as well as family and medical leave that protects employees from discrimination based on their family status.
What accommodations should a just society make?A just society should also strive to provide some accommodations for employees who engage in unpaid work. A society that is fair would provide a reasonable wage for its citizens so that they do not have to undertake unpaid labor to survive. It is necessary to provide work benefits like health care, paid time off, and other such necessities to all citizens.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Select the correct answer.
In the United States, which assessment system measures inflation?
ОА.
demand for goods
OB. supply of goods
OC.
consumer price index
OD. money supply in the economy
Answers
Answer:
C. consumer price index
Explanation:
The consumer price index CPI is the index used in the USA to measure inflation. The CPI calculates changes in the weighted average prices of a basket of goods and services representing consumer expenditure in the economy. The average change in prices computed in the CPI communicates the rate of inflation.
Inflation is the average change in prices in the economy in time. The CPI measures the changes in the weighted average prices of a basket of goods and services representative of consumer spending. Therefore, the CPI measures the rate of inflation.
In a period of steep increases in interest rates, which issuer is most likely to be negatively affected
Answers
Answer:
the answer to yout question is utility companys
Explanation:
what is decomposition?Name two types of decomposers and describe their importance.....
Answers
Answer:
A decomposer is an organism that decomposes, or breaks down, organic material such as the remains of dead organisms. Decomposers include bacteria and fungi. Mushrooms, such as those in the image above, are a type of fungus and play a role in decomposition.
QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.
Answers
Answer:
A. Review the different savings account options that your bank offers.
Suppose Hopewell Corporation had the following results related to cash flows for 2021: Net Income of $8,300,000 Adjustments from Operating Activities of $1,100,000 Net Cash Flow from Investing Activities of -$1,800,000 Net Cash Flow from Financing Activities of -$900,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow
Answers
To create a statement of cash flows, we need to categorize the cash flows into three sections: operating activities, investing activities, and financing activities.
1. Operating activities:
Net Income: $8,300,000
Adjustments from Operating Activities: $1,100,000
Net Cash Flow from Operating Activities = Net Income + Adjustments from Operating Activities
Net Cash Flow from Operating Activities = $8,300,000 + $1,100,000 = $9,400,000
2. Investing activities:
Net Cash Flow from Investing Activities: -$1,800,000
3. Financing activities:
Net Cash Flow from Financing Activities: -$900,000
To find the Net Cash Flow, we need to sum up the cash flows from all three activities:
Net Cash Flow = Net Cash Flow from Operating Activities + Net Cash Flow from Investing Activities + Net Cash Flow from Financing Activities
Net Cash Flow = $9,400,000 + (-$1,800,000) + (-$900,000)
Net Cash Flow = $9,400,000 - $1,800,000 - $900,000
Net Cash Flow = $6,700,000
Therefore, the Net Cash Flow for Hopewell Corporation in 2021 is $6,700,000.
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As marketing manager for BoomBees Industries, you should be aware that legislation affecting business around the world will continue to
A. Exist
B. Increase
cremain steady
O D. Decrease
E threaten the Ghanaian domestic economy
Reset selection
Answers
As marketing manager for BoomBees Industries, legislation affecting business around the world will continue to increase.
Who is a manager?A manager simply means an individual who controls and guides other staffs in the organization to achieve a common goal.
In this case, as a marketing manager for BoomBees Industries, legislation affecting business around the world will continue to increase.
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fair prices for existing issues is established in the secondary market due to
Answers
Fair prices for existing issues are established in the secondary market due to various reasons. The secondary market is a market for securities that have already been issued and traded previously by the primary market, also called the primary issuer.
The secondary market exists to provide liquidity to investors who want to sell securities they already hold and to provide a place for investors to buy these securities.
Instead, the price is determined by the supply and demand of buyers and sellers in the secondary market. In other words, the market price is determined by the forces of supply and demand of these securities in the market at any given time.
The primary market has its own specific mechanism to price its securities, such as initial public offerings (IPOs) where the price is usually set by the issuer.
The market participants set the prices of securities, which can change rapidly due to changing market conditions, investor perceptions, and other factors.
The market price for any security in the secondary market is constantly changing based on the fluctuating demand for and supply of the security.
Prices are established in the secondary market based on the following factors: investor demand and supply, market conditions, the overall economic situation, interest rates, and the company’s financial performance.
The forces of supply and demand determine the market price of existing securities in the secondary market, ensuring a fair price.
In conclusion, the secondary market establishes fair prices for existing issues based on the supply and demand of buyers and sellers in the market, among other factors.
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4.02 day 2 in business
Answers
4.02 Key Terms in Business are
Purchasing: The buying of goods and services for a business.Purchasing Order: The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract.Purchasing Process: A series of sequential steps taken by purchasing specialists to buy goods and services for a business.What is Purchasing?
The organized procurement of products and services in favor of the buying entity is known as purchasing. To guarantee that necessary materials are acquired in a regular manner and at an affordable cost, purchasing actions are required.
What is purchasing order?
A purchase order, which specifies types, quantities, and agreed-upon prices for goods or services, is a commercial document and the first formal offer made by a buyer to a supplier. It is employed to regulate the acquisition of goods and services from outside providers.
What is Purchasing Process?
The proper procedure of purchasing products and services is called purchasing. While the purchasing process can differ from one firm to another, there are some fundamental components that are universal. A demand or necessity, which could be for a product or service, typically kicks off the process.
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Ahmad has some saving where do you suggest him to keep and why
Answers
Answer:
It depends on how much money Ahmad has saved.
Explanation:
If he has a small amount of money, the best he can do is to put his savings on a safe investment, like treasury bonds, an ETF, or a safe and low risk bond of a trustworthy company.
If Ahmad has a larger amount of money, he can put his savings in riskier assets like stock, which could give him a higher return. He could also create a more diverse investment portfolio, with some of his savings going to safer, lower yield investment instruments, and the rest going to riskier, higher yield investment instruments.
Lab 2 Tasks
For each of the following scenarios, identify potential entities, attributes, and identifiers. Not all entities may have identifiers
Submission
An MS-Word document named as follows: lastname_firstname_lab2.docx
The document must include you name and student number. See the below sample as an example of how to populate the document.
Late submissions will not be accepted.
Sample of word document contents:
Student Name: Bob Student
Student Number: 0123456789
Scenario 1
Entity A -> identifier 1, attribute 1, attribute 2, attribute 3
Entity B -> attribute 1, attribute 2, attribute 3
Scoring
Each scenario will be graded on a scale of 0 to 5 as follows:
5 -> all potential entities, attributes and identifiers have been identified.
3 -> a significant number of entities, attributes and identifiers have been identified.
1 -> almost nothing was identified
0 -> not submitted, completely incorrect, etc.
Scenario 1
A local veterinary hospital is currently looking for a replacement for their patient tracking system. When asked to describe their data, they responded as follows.
• A client may have one or more pets. We often look clients up by phone number and we keep track of their name and address.
• A pet is owned by a single client. A pet is identified by their owner and their name. We keep track of their species, breed, sex, neutering status.
• A pet can be treated by several different doctors or technicians. Each doctor and technician have an employee number and a name.
• A pet may have multiple visits that need to be tracked by date and reason for visit.
Scenario 2
A software development company has several departments such as engineering, quality assurance and tech support. The company has many employees. Each department has a manager and at least one employee. Employees must be assigned to at least one, but possibly more departments. Projects have name, unique tracking number and at least a single employee. An employee may or may not be assigned to one or more project depending on current circumstances. It is important to track the names of the departments, projects, managers and employees, as well as the manager and employee number and a unique project number.
Answers
Scenario 1EntitiesClient -> phone number (Identifier 1), name (Attribute 1), address (Attribute 2)Pet -> owner (Identifier 1), name (Attribute 1), species (Attribute 2), breed (Attribute 3), sex (Attribute 4), neutering status (Attribute 5)Doctor/Technician -> employee number (Identifier 1).
Name (Attribute 1)Visits -> date (Attribute 1), reason for visit (Attribute 2)Attributes Client -> name, address Pet -> species, breed, sex, neutering status Doctor/Technician -> name Visits -> date, reason for visit Scenario 2EntitiesDepartment -> name (Attribute 1)Employee -> employee number (Identifier 1), name (Attribute 1)Project -> tracking number (Identifier 1), name (Attribute 1)Attributes Department -> name Employee -> name Project -> name, tracking number.
There are the potential entities, attributes, and identifiers in each scenario. A software development company has several departments such as engineering, quality assurance and tech support. The company has many employees. Each department has a manager and at least one employee. Employees must be assigned to at least one, but possibly more departments. Projects have name, unique tracking number and at least a single employee.
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what unit values should herman use for each of its products when applying the lower of cost or market (lcm) rule to ending inventory?
Answers
The unit values are $20, $48 and $80 that Herman should use for each of products when applying lower of cost or market (lcm) rule to ending the inventory.
What is lower of cost or market?The phrase "lower of cost or market" (sometimes known as "LOCOM") refers to a cautious method of evaluating and reporting inventories. Ordinarily, ending inventory is stated at historical cost. The inventory may have lost value in some cases, nevertheless, when the original cost of the ending stock was higher than its net realisable value. Inventory is given a lower carrying value and is noted on the balance sheet if its value has dropped below historical cost. The market value at the moment is the standard for reporting this. If the loss is considerable, it is added to "Loss on the reduction of inventory to LCM," otherwise it is charged to "Cost of goods sold" (COGS).
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what is pupil reflex?
Answers
Answer:
constriction of the pupil that is elicited by an increase in illumination of the retina
Explanation:
if a person attempts to make a phone call while they are waiting for a meeting to begin, they are________
a. combining tasks
b. multitasking
c. sequential tasking
d. cleaving tasks
Answers
commercial supply wants to initiate a suit against downwind power corporation by filing a complaint. the complaint should include a statement of the facts necessary to show that:
Answers
Commercial Supplies intends to file a case against Downwind Power Corporation. A list of the facts that are required to establish Commercial's legal right to relief should be included in the complaint.
What rights does a legal remedy have?In accordance with Article III of the Constitution, legal remedies are offered to safeguard these rights from violations by the State, other institutions, or individuals. To have these rights upheld, the Indian people have the right to file a petition with the Supreme Court or the High Courts.
Does summary judgment equate to summary litigation?In contrast to summary suits, which were used for reliefs related to liquidated demands or a fixed amount of debt, a summary judgment application can be brought in respect to a relief in a commercial dispute. This process was comparable to that which was made available for summary actions in CPC.
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If a supplier has high power what can it do to influence its industry?
a) shift costs to industry participants.
b) limit quality or services.
c) charge higher prices.
d) all of these.
Answers
What can a provider with significant power do to affect its sector? All of these are the response . its called the Bargaining Power of Buyers .
One of the forces in Porter's Five Forces Industry Analysis Framework is the bargaining power of suppliers. is the polar opposite of the Bargaining Power of Buyers and describes the pressure that suppliers can apply to businesses by increasing their prices, lowering their product quality, or decreasing the availability of their products. This structure is a staple of corporate strategy. The competitive climate and profit potential of the buyers are impacted by the supplier's negotiating strength in a certain industry. Companies are the customers, while people who provide goods and services to companies are the suppliers.
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Help me with the question
Answers
Answer:
See below
Explanation:
Stock A has a beta of 1.2 and a standard deviation of returns of 14%. Stock B has a beta of 1.8 and a standard deviation of returns of 18%. If the risk- free rate of return increases and the market risk premium remains constant, then the required returns on stocks A and B will both increase by the same amount.
Answers
While an increase in the risk-free rate of return will impact the required returns on both stocks A and B, the increase will likely have a larger effect on stock B due to its higher beta
The statement that the required returns on stocks A and B will both increase by the same amount if the risk-free rate of return increases and the market risk premium remains constant is incorrect.
The required return on a stock is determined by the risk-free rate of return, the market risk premium, and the stock's beta. Beta measures the sensitivity of a stock's returns to market movements. A higher beta indicates a higher level of systematic risk.
When the risk-free rate of return increases, it affects the required return on all stocks, including stocks A and B. The risk-free rate represents the return investors can earn by investing in a risk-free asset such as government bonds. An increase in the risk-free rate reflects a higher opportunity cost of investing in risky assets.
However, the required return on individual stocks also depends on their betas. Stocks with higher betas tend to have higher required returns to compensate investors for the additional systematic risk they bear. In this case, stock B has a higher beta (1.8) compared to stock A (1.2). This means that stock B is expected to have a higher required return than stock A, reflecting its higher level of systematic risk.
Therefore, while an increase in the risk-free rate of return will impact the required returns on both stocks A and B, the increase will likely have a larger effect on stock B due to its higher beta. The required return on stock B will increase by a greater amount than the required return on stock A, reflecting the additional risk associated with stock B's higher beta.
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True or False Communication is not always a vital skill in the workplace
Answers
Communication is always a vital skill in the workplace. The appropriate response is false.
What is communication?Information exchange is the traditional definition of communication. The expression can be used to describe both the broadcast and the area of study that looks at such transmissions. Information can be given, received, and shared through exchange.
Communication in the workplace is essential since it boosts worker happiness, productivity, and morale. Additionally important is communication for bettering teamwork and cooperation. Individuals, teams, and organizations all perform better when there is effective workplace communication.
Emails and chats you have during the day to request things, ask questions, get information, give or receive instructions, and so on are examples of informal interactions.
In the workplace, communication is a crucial ability.
Hence, the appropriate response is false.
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7. Choose if the product is a Good, a Service, or Both.
buying a bicycle
getting a back massage
getting the plumbing fixed in your house
use of a smartphone app
buying a new AC unit for your house
buying a hamburger
getting your taxes completed by a tax firm
Answers
Answer:
1 buying a bicycle it's a good
2 getting a back message it's a service
3 getting the plumbing fixed in your house it's a service
4 use of a smartphone app it's a service
5 buying a new Ac unit for your house it's a service
6 buying a hamburger it's a good
7 getting your taxes completed by a tax firm it's both