Answer:
a.Perishable items must have an actual physical flow of FIFO
Explanation:
- Cost flow estimates are required to determine the cost of goods sold and to end inventory. Companies make some ump habits about what goods are sold and what items are listed (as a result of various accounting methods).
- Financial reporting and tax benefits and the actual movement of goods are not required to be accepted
- The continuous inventory system may have different end inventory and COGS yields compared to the periodic inventory system due to LIFO's calculation time and weighted average cost flow estimates.
- Reducing or exceeding the lower price of goods sold when prices fall or rise
The time that she spend with the yardise and do what she have to when she started the degree
Answer:
Direct Material:
Airplane seats . . . . . $220
Total= $220
Direct labor:
Assembly workers' wages . . . . . . . . $600
Total= $600
Indirect labor:
Production supervisors' salaries . . . . . . . . . . . . . . $170
Factory janitors' wages . . . . . . . . . . . . . . . . . . . . . $60
Total = $230
MOH:
Machine lubricants . . . . . . $35
Depreciation on forklifts . . . . . . $110
Total = $145
Explanation:
The given manufacturing costs of an airplane have correctly been classified along with their totals as mentioned above. Direct materials are characterized as the materials that are directly used to manufacture the product while direct labor is defined as the people who are responsible for producing the unit of the product. Indirect labor are the workers who are not directly associated with the manufacturing of the product but they ensure effective running of day-to-day work. MOH is defined as the manufacturing overhead cost which is the total of all indirect costs responsible for the manufacturing of the product.
Answer:
C. Balance sheet
Explanation:
The balance sheet shows the actual position of the business organization with respect to the total assets, total liabilities, and the stockholder equity
Although, the accounting equation is the most important element to balanced the balance sheet which is shown below:
Total assets = Total liabilities + Stockholder equity
It analyzes the financial position, performance of the company so that proper interpretation could be made
Therefore by considering the balance sheet, the company could finance its assets
Answer:
The correct statement is; Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.
Explanation:
A limited company can either be private or public. A limited company posses these 2 key features namely;
1. Limited liability- the liability of shareholders is limited to the amount of their investment in the company.
2. Seperate legal existence- a limited company can in it's name sue, be sued and enter into contracts.
Limited liability means that the investors can only lose the money they have invested and no more, meaning lenders have to keep this in mind when issuing loans to limited companies.