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3 years ago

Reasons why estimating time and cost are important include all of the following EXCEPT:_________

Business

1 answer:

choli [55]3 years ago

6 0

Answer:

E) To help establish a project selection process.

Explanation: Estimating the time and cost of a project or a business activity is very important as it will to schedule the work, determine the financial requirements of a project,to determine how well the project is performing or progressing etc.

Time and cost of a project are very important to an organisation as they are part of the factors to be analysed and put into consideration when carry or choosing a project.

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the cumulative difference between reporting inventory at lifo rather than fifo is commonly referred to as the

UkoKoshka [18]

The cumulative difference between reporting inventory at LIFO rather than FIFO is commonly referred to as the LIFO reserve

<h3>What is LIFO reserve?</h3>

Generally, LIFO reserve is an accounting term that represents the difference between the cost of inventory calculated using the first-in, first-out (FIFO) method and the cost calculated using the last-in, first-out (LIFO) method for the purposes of bookkeeping.

In conclusion, The LIFO reserve is a term that is widely used to refer to the accumulated discrepancy that results from reporting inventory using the LIFO method rather than the FIFO method.

Read more about LIFO reserve

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8 0

1 year ago

Higgins Company plans to incur $380,000 of salaries expense if a capital project is implemented. Assuming a 40% tax rate, the sa

AlexFokin [52]

Answer:

d) $228,000 outflow

Explanation:

Calculation for the amount that the salaries should be reflected in the analysis

Using this formula

Salaries=Salaries expense-(Salaries expense*Tax rate)

Let plug in the formula

Salaries=$380,000-($380,000*40%)

Salaries=$380,000-$152,000

Salaries=$228,000 Outflow

Therefore salaries should be reflected in the analysis by a: $228,000 outflow

8 0

2 years ago

Under the franchise model, if pods were to engage in dubious/controversial activities, then franchisees might see a decline in b

fenix001 [56]

This is known as the coattail effect. It is when the actions or activities of the main branch of a business or the franchise branches would impact the whole business. This is one weakness of a franchise business. since one wrong move from just one small branch would might have a larger impact on the whole name of business.<span />

3 0

3 years ago

Foxtrot Co. started 2021 with $113,000 of merchandise inventory on hand. During 2021, $480,000 in merchandise was purchased on a

Marina CMI [18]

Answer:

$211,772

Explanation:

The computation of ending inventory is shown below:-

Discount = ($480,000 - $3,600) × 2%

= $9,528

Cost of goods for sale = Beginning inventory + purchases - returns at invoice price - Discounts + Freight - Cost of goods sold

= $113,000 + $480,000 - $3,600 - $9,528 + $7,900

= $587,772

Ending inventory = Cost of goods for sale - Cost of goods sold

= $587,772 - $376,000

= $211,772

So, the right answer is $211,772. Hence the option is not available.

4 0

3 years ago

Dirth company sells only one product at a regular price of $7.50 per unit. variable expenses are 60% of sales and fixed expenses

makvit [3.9K]

Contribution is the difference between the Sales per unit and the variable cost per unit. When the selling price reduced to $6 per unit,

Contribution per unit = Sales per unit - Variable Cost per unit

Contribution per unit = $6 - ($6*0.6)

Contribution per unit = $2.4 per unit.

Now, the contribution margin ratio = Contribution per unit / Sales per unit

Contribution Margin Ratio = $2.4 / $6

Contribution Margin Ratio = 0.4 or 40%

Contribution Margin ratio when the sales price is $6 per unit is 40%.

8 0

3 years ago