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2 years ago

Content area job order costing and process costing are

Business

1 answer:

serious [3.7K]2 years ago

3 0

Correct option is C. Content area job order costing and process costing are cost accounting systems.

<h3>What is cost accounting?</h3>

Cost accounting is a form of management accounting that captures a company's total costs of production by assessing the variable costs of each stage of production as well as fixed costs, such as overhead costs. rent.

Cost accounting is used internally by management to make informed business decisions.

Unlike financial accounting, which provides information to users outside of financial statements, cost accounting is not required to conform to set standards and can be flexible to meet the needs of of the Board of Directors.

Cost accounting takes into account all input costs associated with production, including both variable and fixed costs.

Types of cost accounting include standard costing, activity-based costing, lean costing, and incremental costing.

To learn more about cost accounting from given link

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Kelly works at an ice cream shop and observes that the number of people buying ice cream varies greatly from day to day. for a c

Viktor [21]

Hello There!

Your Answer Would Be

use the observed data to form a hypothesis about ice cream buying behavior.

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4 years ago

Which of the following should be included in the acquisition cost of a piece of equipment?

Mkey [24]

The correct answer is choice d, all are correct.

When calculating the acquisition cost of a piece of equipment it should be the all inclusive cost of the equipment. The cost should include all transportation, installation, site preparation, sales or other taxes and testing costs prior to placing the equipment into production.

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3 years ago

Which change is illustrated by the shift taking place on

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Where’s the graphhh?

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3 years ago

Your best friend wants to borrow $2000 from you today for an emergency purchase they need to make that requires a cash payment.

kvasek [131]

Answer:

a. It is not a fair deal for me.

The question is how much is $1,000 today when received in 12 months' time from now. The present value of $1,000 at 5% effective interest rate is $952 ($1,000 * 0.952). The other repayment of $1,100 in 2 years' time from now is worth $997.70 today at the 5% effective interest rate. This implies that my friend is repaying me $1,949.70 in present value terms.

For friendship sake, I may lend her the money, but in economic analysis terms, the NPV value will yield a negative value of $50.30 ($2,000 - $1,949.70). My friend is not actually paying me back the amount I would lend to her. She is paying me less than I actually would lend to her.

b. Cash Flow Diagram:

Year 1 Year 2

F1 F2

$1,000 $1,100 (Inflows)

Fo⇵.................⇵.......................⇵...........................⇵n period

Year 0

$2,000 (outflows)

Explanation:

The cash flow diagram for this loan is the graphical representation of the timing of the cash flows with a clear marking of the repayments made by my best friend in two instalments and the $2,000 that I lent to her. This cash flow diagram presents the flow of cash as arrows on a timeline scaled to the magnitude of the cash flow, where outflows are down arrows and inflows are up arrows.

The Net present value (NPV) of this loan shows the difference between the present value of repayments by my best friend and the present value of $2,000 that I lent to her over a period of 2 years. To obtain this difference, the present values of cash inflows of $1,000 in a year's time and $1,100 in two years' time are determined using the discount factor table based on the given interest rate of 5%.

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4 years ago

Critical Thinking Questions 1. Why do you think vinyl records are appealing to customers? 2. Do you think the sales growth will

aliya0001 [1]

Answer: The answers are provided below

Explanation:

• Why do you think vinyl records are appealing to customers?

Vinyl records are appealing to customers due to nostalgia as people will typically love to recall their older times and hence will want to re-live them again. Also, listeners can listen to whole album rather than them listening to single tracks. Lastly, the packaging involved is great.

• Do you think the sales growth will continue to be strong for vinyl sales? Why or why not?

Yes, I think the sales growth will continue to be strong for vinyl sales. Due to the fact that vinyl records accounts for just a few portion of the entire sales in the music industry, this means that there is room for improvement and growth and can increase demand.

• What research would you want to conduct prior to making a decision to invest in new presses?

The research I would want to conduct prior to making a decision to invest in new presses are:

• The demand for vinyl records: This will help me to know the amount of people that request for vinyl records and know if there is any reason to invest in new presses.

Size of the market: The size of the market also plays a vital role in knowing whether to invest in new presses or not. If the market size is big, new presses can be considered, and vice versa.

Competitors: The competition had to be looked at critically in order to know if nee presses are required or not.

Consumers income: The consumers are the one purchasing the products so for anything to be done, they've to be taken into consideration. The higher the consumers income, the higher the probability of them buying new presses.

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3 years ago