The most important consideration when you are creating your report are:
- Use Design To Make the Report's Purpose Clear
- Make the Report Look Like It Will Be Easy To Read
- Consider Using Visuals To Enhance Appeal and Reinforce the Content
- Make It Easy To Navigate the Report and Pick Up the Main Points
- Format Charts and Graphs To Be Attractive and Easy To Understand
- Use Color in a Consistent and Meaningful Way
<h3>What is report?</h3>
A report is a formal document that elaborates on a subject and uses data, charts, and graphs to support its claims and conclusions, according to the definition of report writing that is most frequently used.
Any report, whether it's about a professional occasion or one that details the workings of numerous corporate divisions, is written with a specific audience in mind.
<h3>What is importance of report writing?</h3>
For Decision-Making, Organizations need a large amount of data and information on particular subjects, cases, and circumstances. Business reports and research papers are common information sources used by managers and decision-makers to inform decisions and find answers.
Report writing is important since it is a collection of evaluated information, which is another factor.
The management cannot monitor all of the operations taking place in each department.
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Statistics
Exports $318 billion (2014 est.)
Export goods Electronics, flat panels, ships, petrochemicals, machinery; metals; textiles, plastics and chemicals (2014)
Main export partners China 27.1% Hong Kong 13.2% United States 10.3% Japan 6.4% Singapore 4.4% (2012 est.)
Imports $277.5 billion (2014 est.)
Answer:
Ordering and receiving = $7.35 per order
Food processing = $8.49 per machine hour
Packaging = $3.84 per labor hour
Explanation:
According to the scenario, computation of the given data are as follows,
We can calculate overhead rate by using following formula,
Overhead Rate = Estimated Overhead ÷ Estimated Use of Cost Drivers per Activity
So, by putting the value in the formula, we get
Overhead rate of Ordering and receiving = $117,600 ÷ 16,000 = $7.35 per order
Overhead rate of Food processing = 530,625 ÷ 62,500 = $8.49 per machine hour
Overhead rate of Packaging = 1,701,120 ÷ 443,000 = $3.84 per labor hour
Answer:
The gross profit under percentage-of-completion method is $180000 for the year ended 31st December 2017 as shown in the attached.
Explanation:
The formula for calculating gross profit under percentage-of-completion method is given as
Gross profit =costs incurred to date/total contract costs*contract total gross profit
Costs incurred to date =$800000
Total costs =$2000000
Hence gross profit % is =800000/2000000
=40%
As a result 40% of the total gross profit of $450000 is due to be recognized now.
Find the attached for detailed computations.
The total goods available for sale for the period is computed as follows:
Inventory, beg (200 @ $10) ----------------------------------------$2,000
1st Purchase (350 @ $15) ---------------------------------------------5,250
2nd Purchase (450 @ $20) ------------------------------------------9,000
3rd Purchase (100 @ $25) -------------------------------------------2,500
Total Goods Available for Sale -----------------------------------$18,750
(a) In computing the Ending Inventory and Cost of Goods Sold using FIFO method:
Total Goods Available for Sale ---------------------------------- $18,750
Less: Ending Inventory* -------------------------------------------- 4,900
Cost of Goods Sold --------------------------------------------------$13,850
*Ending Inventory
Inventory, beg ---------------------------------------------------------- 200
Total Purchases -------------------------------------------------------- 900
Total Available Units ------------------------------------------------- 1,100
Less: Units Sold ------------------------------------------------------- 880
Inventory, end --------------------------------------------------------- 220
Cost of Ending Inventory
100 × $25 = $2,500
120 × $20 = 2,400
220 $4,900
(b) In computing the Ending Inventory and Cost of Goods Sold using LIFO method:
Total Goods Available for Sale ---------------------------------- $18,750
Less: Ending Inventory* -------------------------------------------- 2,300
Cost of Goods Sold --------------------------------------------------$16,450
*Ending Inventory
Inventory, beg ---------------------------------------------------------- 200
Total Purchases -------------------------------------------------------- 900
Total Available Units ------------------------------------------------- 1,100
Less: Units Sold ------------------------------------------------------- 880
Inventory, end --------------------------------------------------------- 220
Cost of Ending Inventory
100 × $20 = $2,000
120 × $15 = 300
220 $2,300
(c) The Gross Margin for FIFO and LIFO
FIFO LIFO
Sales (880 @ $40) ------------------------$35,200 -------------------$35,200
Cost of Goods Sold ---------------------- 13,850 -------------------- 16,450
Gross Margin --------------------------------$21,350 ------------------- $18,750