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3 years ago

The cost-benefit principal states that

Business

1 answer:

REY [17]3 years ago

6 0

Cost-benefit principle would state that you would only take an action if the benefit outweighs the cost.

For example: It may cost me $5 to drive to work, but I make $50 for showing up, I would go because the benefit I get outweighs the cost and I am better off going than staying at home.

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Which of the following statements is incorrect when allocating service department costs to operating departments?

Whitepunk [10]

Option C is incorrect when allocating service department costs to operating departments.

<u>Explanation: </u>

Typically, fixed costs are not assigned to working departments; however, they have to be absorbed by the service. This statement is incorrect in the service dept. Cost to Operating dept.

The reciprocal method assigns the cost of services to operating departments and other departments. The reciprocal costs are identified and the costs are assigned to each other and to services offered by each service department.

For example, if Service Department A requires certain services of Service Department B, the cost allocation system would not include these services. Since these services are not delegated to other departments, some auditors assume that the direct approach is not right.

6 0

3 years ago

Select the examples that best demonstrate likely tasks for Family and Community Services workers. Check all that apply.

rewona [7]

Answer:

c d and e is your answer

Explanation:

4 0

2 years ago

Read 2 more answers

Explain what unearned revenues are by selecting the statements below which are correct. (Check all that apply.) Multiple select

olga nikolaevna [1]

Answer:

They are reported on a balance sheet.

They refer to cash received in advance of performing a service or product. They are a liability.

They are also called deferred revenues.

Explanation:

Unearned revenue is a term in which the transactions that are related to the receiving of money could be considered for the service or product to be provided or delivered. It is as a prepayment

Also it is a liability account that should be recorded at the balance sheet. It is also known as deferred revenues

8 0

3 years ago

Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels a

zvonat [6]

The total profit that Brenda's Board company earns after selling 100 skateboards is $3000 .

The formula for profit = Revenue - Production cost

<h3>Further explanation </h3>

Many terms that we usually use in the business or accounting including:

1. Revenue is the income that business made, usually from selling products or services to customers.

2. Production cost is the total expenses used for manufacturing, this cost includes raw material, overhead, and labor

3. Profit is the amount that earns after the total cost of producing goods or offering services deducted from its revenue.

From the case above, we know that Brenda’s Boards sells the skateboard for $45 each.

The total cost for making one skateboard is $15, this cost by adding up all the production cost or the expenses

= The wheels and mounts + plastic board + paint + labor = $3+ $1 + $1 + $10 = $15

Using the formula and the information above we can calculate the profit for 100 skateboards:

Total revenue = $45 x 100 = $ 4500

Total cost = 100 x $15 = $1500

Profit = Revenue - Production cost (expenses) = $4500 - $1500 = $3000

<h3>Learn more </h3>

Profit-sharing plan brainly.com/question/1494270

Revenue brainly.com/question/1332812

Production cost brainly.com/question/1176751

Keywords: business profit, revenue, production cost, business expenses

3 0

3 years ago

Read 2 more answers

Date: May 10

GuDViN [60]

(1) c. Offers a negative-sounding apology

(2) c. Fails to offer a clear explanation

Explanation:

At the closing part of the letter, a negative sounding apology can demoralize the employees.

Hubert should have offered a well-informed explanation without sounding negative.

The letter can be re-written as follows:

Date: May 10

To: All Employees

From: Anne Leller Manager, Classic Car Restoration Inc.

Subject: Three Shelby Mustangs

You all have to work overtime next week because we must have the three 1965 Shelby Mustangs ready for Bruce Willis, one of our best clients.

We need to make sure to use all original engine parts and add a top-of-the-line clear coat on all three cars.

Additionally, the client purchased the original radios for each car, so we should install those too.

I apologize for any inconvenience, unfortunately, I am unwilling to make exceptions to this request at this point of time. However, you will surely receive an additional bonus for working overtime along with your salary.

7 0

3 years ago