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1 year ago

What accounting method should hariette choose when she runs the profit and loss report?

1 answer:

4 0

Hariette should choose cash basis of accounting when she runs the profit and loss report. A company's reporting guidelines and practices for revenues and expenses make up its accounting method. Cash accounting and accrual accounting are the two primary accounting techniques.

Revenues and costs are recorded in cash accounting when they are received and paid. There are three different accounting methods: modified cash basis, cash basis, and accrual basis. Let's briefly review the fundamentals before we discuss which types of firms use certain accounting techniques.

If you only consider popularity, accrual accounting comes out on top since it is both the most popular and the most accurate techniques.

To learn more about accounting, click here.

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Answer:

25%

Explanation:

Calculation for the change in labor productivity

Using this formula

Change in labor Productivity = (New Productivity - Old Productivity)/Old Productivity

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Therefore labor productivity will change by: 25%

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2 years ago

Why has the use of teams in the workplace increase so dramatically

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The use of teams in the workplace has increased so dramatically because using team work will enable a company to take on additional works without having to employ more staff. This will result in more revenue and profits for the company.

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3 years ago

Read 2 more answers

The following information is available for completed Job No. 402: Direct materials, $120000; direct labor, $180000; manufacturin

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Answer:

ending inventoryt (inventory at hand) 102,500

Explanation:

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3 years ago