Your company decides to implement sap in the united states before implementing it in canada. this is an example of pilot conversion.
A hardware or software migration technique known as a "pilot conversion" involves introducing the new system to a small number of users for testing and review. Users in the test group can offer helpful comments on the system during the trial deployment to improve the eventual distribution to all users.
The pilot conversion procedure entails changing a company's single-entry accounting system to a double-entry one. Single-entry bookkeeping is a quick and easy approach for new small enterprises to record their revenue and expenses.
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Answer:
Its technically just a mark up on goods.
Explanation:
Cost plus pricing involves adding a markup to the cost of goods and services to arrive at a selling price.
Answer:
option (a) is correct.
Explanation:
Economic profits refers to the profits which comes out after deducting the implicit costs and explicit costs from the total revenue.
Whereas the accounting profits takes into the effect of explicit costs only.
Implicit cost refers to the loss of money income by choosing some other alternative. It is also known as the opportunity cost.
Explicit costs refers to the costs that are incurred for operating or running a business.
Accounting profit = Total revenue - Explicit costs
Economic profit = Total revenue - Explicit costs - Implicit costs
Therefore, if the implicit costs are greater than zero then the economic profits is less than the accounting profits.
<span>To calculate the cost of goods sold we use the following formula:
beginning inventory + the cost of goods purchased or manufactured = cost of goods available ending inventory.
Since there was no beginning balance in inventory account and all goods were sold we can assume that cost of goods = total costs for the period.
Adding up all costs for the period comes to $173,000.</span>
Answer:
The correct answer is letter "A": managerial accounting information.
Explanation:
Managerial accounting is internal accounting that allows managers to assess the impacts of their choices. This contrasts with financial accounting which underlines the company's more general, higher-level financial results. There are many managerial accounting techniques such as product costing, cash flow analysis, inventory, and raw material turnover analysis.
So, <em>if Miguel wants to schedule his department's employees in production for next week he can use managerial accounting information for that purpose.</em>
