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4 years ago

What is a service?

Business

1 answer:

Phantasy [73]4 years ago

5 0

Answer:

Explanation:

I believe that a service is an action that is preformed out of the kindess of one's heart, not looking for someone in return. An act of pure an unfiltered kindess.

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Flowchart of Accounts Related to Service and Processing Departments

MakcuM [25]

Answer:

Main route:

Smelting --> Rolling --> Converting --> Sheared Sheet

Secondary route -->

Smelting --> Rolling --> rolled sheet

1) Smelting trasnferred materials into Rolling

2) It will be part of that department work in process inventory

"WIP SConverting debit then factorty overhead credit"

Later it will be transferred out as a complete process therefore,

Finished good Inventory - Shared sheet

3) the Smelting department transfer the entire of his output into Rolling department

4) the finished good will become cost of good solg once they are sold.

Explanation:

We have to read he description of how the processing system works and check to whichdeparmtent are the goods being transferred or sold.

7 0

3 years ago

For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. if you ea

Helen [10]

Average cost for a meal is $4.

<h3>Formula:</h3>

Average cost = Total cost/ no. of goods produced

In this case:

Avg. cost = $600/150 = $4

<h3>What is Average Cost ?</h3>

Calculating average cost, sometimes referred to as unit cost, requires multiplying the entire cost by the quantity of an item produced.
The average cost has a significant impact on how much firms charge for their products. Average cost, sometimes referred to as average total cost or cost per output unit, is the price paid for an item (ATC).

<h3>How to find the Average cost ?</h3>

We may calculate the average cost by multiplying the overall cost by the whole volume of output. By dividing the overall cost by the total output, one may get the average cost or production cost per unit.
The long-term price and supply of a product are determined by the average cost. The typical cost includes normal profits.

Therefore, if a commodity's price is higher than its average cost, the corporation will profit more. However, if the price is below the average cost, the business loses money.

To check more similar questions on Average cost, refer to:

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4 0

2 years ago

Eric and Chelsea sign a contract where Eric will sell his used car to Chelsea for $400. That night, Chelsea's parents surprise h

tangare [24]

Answer:

Option C....

A novation

4 0

3 years ago

Marks Corporation's balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cas

Vinvika [58]

Answer:

<u>statement of cash flows using the indirect method.</u>

Cash Flow from Operating Activities

Net income for the year was $77

Adjustment of Non-Cash Items :

Depreciation $40

Adjustment for Working Capital items:

Decrease in Accounts receivable $4

Increase in Inventory ($3)

Increase in Accounts Payable $2

Net Cash From Operating Activities $120

Cash Flow from Investing Activities

Purchases of Property, plant, and equipment ($108)

Net Cash used in Investing Activities ($108)

Cash Flow from Financing Activities

Proceeds from Common Stock Issue $1

Dividends Paid ($13)

Net Cash used in Financing Activities ($12)

Net Cash Inflow/(Outflow) during the period $10

Cash and Cash Equivalents at Beginning of the Period $37

Cash and Cash Equivalents at End of the Period $47

Explanation:

<u>Show the Movement of Cash in the 3 categories of </u>

Cash flow from Operating Activities
Cash flow from Investing Activities
Cash flow from Financing Activities

3 0

3 years ago

Communication flows in all directions with little concern for the formal hierarchy in a(n) ________ structure, but this structur

rjkz [21]

Answer: Team based

Explanation:

In a team based structure there is easy flow of communication and idea, with little concern for hierarchical structure, it is characterize by low formalization.

8 0

4 years ago