Answer:
the recording of materials purchased is handled by three different methods.
Explanation:
Sr. No Particulars Debit Credit
Purchases $950,000
Material Price Purchase Price Variance $50,000
Cash $1000,000
Method 1: Record the price variance when materials are received.
Method 2: Record the materials on actual costs and determine the price variance when material is requisitioned.
Method 3: Combination of method 1 and method 2.
For control purposes the price variance should be determined when the material is received
Answer:
This process is known as Benchmarking
Explanation:
Benchmarking is the process of comparing business process and performance to the best practices from the other companies. The dimensions measured and compared are time, quality and cost.
This allows the organizations to improve the projects or plans or adapt the specific best practices with the aim of increasing the performance.
A I think, sorry if I'm wrong
Answer:
wholesalers, distributors and manufacturers.
Explanation:
Answer:
97.4310
Explanation:
Forward rate = Spot rate * (1 + Rate of inflation in India)/(1 + Rate of inflation in US)
Spot rate in 5 years = 73.2115 * (1+0.08)^5/(1+0.02)^5
Spot rate in 5 years = 73.2115 * (1.08)^5/(1.02)^5
Spot rate in 5 years = 73.2115 * (1.4693281/1.104081)
Spot rate in 5 years = 73.2115 * 1.330815493
Spot rate in 5 years = 97.4309984657695
Spot rate in 5 years = 97.4310