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IceJOKER [234]
2 years ago
9

when designing an activity-based costing system, related activities are frequently combined to reduce the amount of detail and r

ecord-keeping cost.
Business
1 answer:
ANEK [815]2 years ago
8 0

Activity based costing involves combining related costs for easier accounting so this statement is True.

Activity based costing:

  • Involves assigning costs to related activities only
  • Is useful in seeing the total costs of certain activities
  • Allows companies to set better prices

Activity based costing combines activities that are similar such as those that require labor hours and then assigns costs to them based on the amount of activity that those sections saw during the production period.

We can therefore conclude that activity-based costing combines related activities and one reason for this is to reduce the cost of record keeping.

<em>Find out more at brainly.com/question/17076430.</em>

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What is an example of a temporary account
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<span> Revenue </span>accounts or <span>Expense </span><span>accounts</span>
3 0
3 years ago
Renee is going to buy a new car that has a list price of $19,675. She will be responsible for $1,420 in vehicle registration fee
Alenkinab [10]

The correct statement is that the monthly payments on the purchase of a new car by Renee will be $655 on the  interest rate of 11.34 percent for a period of four years.

The calculation of the value of the monthly payments to be made by Renee can be ascertained by computing all the costs of such transaction and then division by the number of months available.

<h3>Calculation of Monthly Payments</h3>

The total principal net value of the car comes down to $19945 after adding all the costs and deducting the trade-in value of the old car at 85% of the total value.

The formula for the calculation of total annuity is as below and the values given are being applied,

\rm Compounded\ Annuity= P(1+ \dfrac{r}{n})^n^t\\\\\rm Compounded\ Annuity=19945(1+0.00945)^4^8\\\\\rm Compounded\ Annuity= \$31450

Now the monthly payments over a period of four years will be,

\rm Monthly\ Payments = \dfrac{Annuity}{No. \ of\ Months}\\\\\rm Monthly\ Payments = \dfrac{31450}{48}\\\\\rm Monthly\ Payments = \$655

So, a monthly payment of $655 needs to be made in order to purchase such a car.

Hence, the correct statement is that the monthly payments on the purchase of a new car by Renee will be $655 on the  interest rate of 11.34 percent for a period of four years.

Learn more about Monthly Payments here:

brainly.com/question/22891559

6 0
3 years ago
Consumption of Fixed Capital$25Government Purchases315US imports260Personal Taxes45Transfer Payments247US Exports249Personal Con
morpeh [17]

Answer:

$1,079 billion

Explanation:

Calculation to determine what Gross domestic product is

Using this formula

Gross domestic product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Purchases + Net exports

Let plug in the formula

Gross domestic product = $475 + $300 + $315 + ($249 - $260)

Gross domestic product =$475 + $300 + $315 + +$11

Gross domestic product = $1,079 billion

Therefore Gross domestic product is $1,079 billion

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3 years ago
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larisa [96]
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3 years ago
Who is responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison betwee
Elina [12.6K]

Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?

The correct answer is Data Steward

<h3>Why is MIS becoming so important to businesses?</h3>

The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.

The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.

Learn more about the MIS department and the business here

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#SPJ2

8 0
2 years ago
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