Answer:
Cash outflow of $73,000
Explanation:
The computation of the impact of these changed in the net working capital is shown below:
= Increase in inventory + increase in account receivable
= $50,000 + $23,000
= $73,000
The $73,000 shows the outflow of the cash
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
3. The principle in accounting which allows the recognition of accounts receivable and accounts payable transactions into the accounting books is the matching principle.
4. The accounting principle that is applied to determine the performance of an entity at the end of the financial period is the periodicity principle.
Explanation:
a) The matching principle ensures that revenue for a period is matched to the cost incurred in generating that revenue in that period. It is not only when revenue or costs are received or incurred that they should be accounted for. Instead, they must be accounted for whether cash has been received or paid for the transaction or not.
b) The periodicity principle ensures that the financial performance of an entity is determined periodically. This enables comparison of the performances with other segments, organizations, and industries.
Answer:
Activity-based department costs
Explanation:
Activity Based Costing refers to a method : that allocates the cost of activities in organisation among produced goods & services, in proportion to that activity consumed by each good & service.
The model is a better representative of particular goods & services production costs, unlike conventional cost methods - that divide the activity cost among each good or service equally. It assigns more indirect (overhead) costs into direct costs compared to Conventional Costing.
So, the approach states that overhead to products, supporting department costs - are referred to as <u>Activity Based</u> Department Costs
The purpose of a technical reviews meeting is to check that the team members completed their tasks entirely, accurately, and in accordance with the required quality standards.
Technical Reviews:
Technical reviews offer a status update and feedback on the goods being evaluated as well as the ongoing project activities. The main way for a project team to share products and expertise, coordinate tasks, monitor risk, and communicate project progress is through technical reviews.
Types of technical reviews
There are mainly 3 types of technical reviews:
- Software peer review is the process of evaluating the product's technical content and quality, and it is often carried out by the work product's author and a few other developers.
- Software Management Review
Learn more about technical reviews here:
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Answer:
Other-than-Serious Violations
Explanation:
The Occupational Safety and Health Administration (OSHA) Act is a law of the United States which ensures workplace safety are enforced. Work sites and companies are visited periodically by OSHA inspectors by for inspections to confirm the act is being complied with.
If during an inspection, the OSHA inspector discovered that a hazard in a workplace made a worker workers suffer injury or sickness but this will not result in death or serious physical injury, the inspector will report an Other-than-Serious Violations
.
The inspector may decide that the company pay the maximum penalty for the violation, decide not to levy a fine, or decide to reduce the penalty which can be up to 95 percent reduction. This penalty decision will depend on the factors like level of cooperation by the owner of the business and the size of the business.