Answer:
Ending inventory= $494
Explanation:
Giving the following information:
On January 26, the company sells 350 units. 150 units remain in ending inventory on January 31.
January 1: 320 units for $3.00
January 9: 80 units for $3.20
January 25: 100 units for $3.34
Ending inventory= 100*3.34 + 50*3.2= $494
The formula for annual depreciation by means of the units-of-production method is:
(depreciable cost / estimated output) x the actual yearly output
Under the units of production method, the quantity of depreciation indicted to expense differs in direct proportion to the amount of asset usage. Therefore, a business may charge more depreciation in times when there is more asset consumption and less depreciation in times when there is a smaller amount of usage. It is the most precise method for indicting depreciation as this method relate thoroughly to the wear and tear on assets. Though, it also needs that someone should track asset usage which means that its use is commonly restricted to more luxurious assets. It needs estimation of the total usage over the life of the asset in order to come up with the amount of depreciation to identify in separate accounting period.
Answer: A. put all terms of the partnership into writing in a partnership agreement.
Explanation:
The most important terms in a partnership agreement is ensuring that all terms are noted down and binded legally, this is to help partners know when need to do something and don't feel cheated or be cheated by someone or something. Avoidance of reaching out to terms noted down will further make things complex either when the business is growing or when there is need to shutdown or during operations.
The correct option is (B); Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
<h3>What is zero-based budgeting (ZBB)?</h3>
Zero-based budgeting (ZBB) is a budgeting strategy that entails creating a fresh budget from scratch each time, or from "zero," as opposed to beginning with the budget from the prior month and making adjustments as necessary.
Key features of zero-based budgeting are-
- The zero-based budgeting (ZBB) methodology helps companies match their spending to their strategic objectives.
- According to this methodology, firms must create their yearly budget from scratch each year in order to ensure that all of its components are affordable, pertinent, and capable of generating increased savings.
- With zero-based budgeting, each budgeting cycle is started at zero.
- This strategy requires explanation of all expenses, not just new ones.
- The quickest path to achieving your financial objectives is still with a thorough spending strategy.
To know more about the zero-based budget, here
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The correct question is-
The major feature of zero-based budgeting (ZBB) is that it
A. Takes the previous year’s budgets and adjusts them for inflation.
B. Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
C. Assumes all activities are legitimate and worthy of receiving budget increases to cover any increased costs.
D. Focuses on planned capital outlays for property, plant, and equipment.
