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3 years ago

When the cost and benefits of a policy are narrowly concentrated, they ar?

1 answer:

7 0

These policies are interest group environmental policies . Examples of this type of policy include deforestation , the OSHA Standards, Ups, and factory in labor versus environmental deforestation. These types of policies are usually fought over by various interest groups.

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How would a company report a change in an accounting principle made on the last day of the third quarter?

aniked [119]

If a company changes an accounting principle on the last day of the 3rd quarter they need to apply a retrospective application to all pre-change interim periods reported.

<h3>What is accounting?</h3>

Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period.
One of the most important aspects of practically every firm is accounting. Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.

Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

Know more about accounting with the help of the given link:

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8 0

2 years ago

You have been asked to analyze data on customer cancellations within 60 days of purchasing insurance with GEICO, and are given t

sergeinik [125]

Answer:

Explanation:

I would simply approach this like a simple coding question. Firstly, I would see if the data is less than 60 days since purchase, if not then I would move on to the next piece of data. If it is less than 60 days then I would analyze the characteristics of the plan to see which plan it compares to. Once I do this then I would analyze to see if it was cancelled if so I add 1 to the amount of that plan that was cancelled, otherwise I move on to the next piece of data. Once all the data is analyzed I then compare all the plans and see which plan has the most cancellations within the 60 days of purchase.

3 0

3 years ago

Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to

devlian [24]

Answer:

The activity rate for the Processing activity cost pool under activity-based costing is closest to _____. $ 51,700/ 14,390= 3.592

Explanation:

Wedd Corporation

Activity Cost Activity Pool

Processing, $51,700; machine-hours (MHs)

Supervising, $34,500; number of batches

Other, $22,400.

MHs (Processing) Batches (Supervising)

Product O6 13,400 780

Product D7 990 800

Total 14,390 1,580

Rate = Activity Cost/ Activity Pool Cost

Processing rate= $ 51,700/ 14,390= 3.592

The activity rate for the Processing activity cost pool under activity-based costing is closest to 3.592

6 0

3 years ago

2) a …………….or retail store is any business enterprise whose sale volume comes primarily from retailing.

KatRina [158]

B can be the best answer i guees

7 0

3 years ago

Process Costing using the Weighted-Average Method

Finger [1]

Answer:

First we find the equivalent units. Then Cost Per Equivalent Units. We apply these costs to the units to find the total cost. Then we compare the given costs with the found costs to see the difference.

Explanation:

Equivalent Units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Units transfered 6050 100 1000 6050 6050

Ending WIP 450 40 30 180 135

Equivalent Units 6230 6185

Units Completed And Transferred

Particulars Units

Beginning WIP 300

Units started in production 6200

Total Units Available 6500

Less Ending WIP 450

Units Completed and Transferred 6050

Cost Per Equivalent Unit

Particulars Materials Conversion

Beginning WIP $10,500 $6,750

Costs added 332,150 407,645

Total Costs 342,650 414,395

Equivalent Units 6230 6185

Cost Per Equivalent Unit 342,650 / 6230 414,395/ 6185

=$ 55 =$ 67

Costs Assigned

Ending WIP $ 18945

Materials ( 180 * 55) = $ 9900

Conversion ( 135 * 67) = $ 9045

Units Completed And Transferred Out : $ 738100

Materials ( 6050 *55) = $ 332750

Conversion ( 6050 * 67) = $ 405350

Cost Reconciliation

Cost to be accounted for

Beginning WIP ( $10,500 + $6,750 )= $ 17250

Cost added ( 332,150+ 407,645)= $ 739795

Total Costs $ 757045

Ending WIP $ 18945

Units Completed And Transferred Out : $ 738100

Total Costs $ 757045

Which is the same.

6 0

3 years ago