Answer:
d. requires employees to pay for more of their benefit costs
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel, etc.
Cost sharing can be defined as a process in which an employee makes payment for a portion of the cost he or she incurred, especially benefit costs.
In Business management, cost sharing requires employees to pay for more of their benefit costs.
Answer:
a. reduce errors and catch any problems earlier
Explanation:
Daily inventory cycle counts allow companies to immediately identify variances in inventory and their causes. The organization can then put measures to address the problem. Detecting problems early and employing corrective measures prevent a business from incurring heavy losses as opposed to waiting until the end of a period for a stock take.
Organizations are opting for daily stock stocks for more accurate reporting, customer-friendly stock management, and early detection of inventory problems.
Answer:
Depreciation is the process to allocating an asset's cost as an expense over its useful life.
Explanation:
An asset's cost price is not expended fully in the year it is purchased as revenue generated from the asset is for many years. A such, asset's cost is allocated through it's useful life. Also, a part of it is expensed in the form of depreciation every year.
It is not a process of valuation, it is a process of cost allocation.
Depreciation can be calculated using straight line method, written down value method, MACRS etc.
Answer:
d. Building $250,000; Fontaine, Capital $175,000
Explanation:
the partnership should record the building at the market value of $250,000 and:
Fontaine capital = market value of the building - mortgage responsibility on the property
= $250,000 - $75,000
= $175,000
The agency which is responsible for regulating the state boating law in Texas is TEXAS PARKS AND WILDLIFE DEPARTMENT. This agency oversees the laws that regulate boating in Texas waters. Their principal aim is to promote water safety for all.