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3 years ago

Identify 3 skills you would expect a bookkeeper to have

Business

1 answer:

yaroslaw [1]3 years ago

4 0

Answer:

Great data entry skills. ...

Good communication. ...

Knowledge of bookkeeping principles. ...

Organising records. ...

Attention to detail. ...

Have an understanding of the bigger picture. ...

Be disciplined. ...

Have an interest in furthering your education.

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Edwards Auto Body uses a job order cost system. Overhead is applied to jobs on the basis of direct labor hours. During the curre

-BARSIC- [3]

Answer:

C) $6.40 per direct labor hour.

Explanation:

The overhead application rate is used to estimate the manufacturing overhead for a specific project or reporting period.

overhead application rate = direct labor cost per hour / (total direct labor costs / total overhead costs)

overhead application rate = $16 / ($475 / $190) = $16 / $2.50) = $6.40

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3 years ago

Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe h

Ket [755]

Answer with Explanation:

The analysis includes the assessment of Non profit organization's efficiency both in fundraising and spending, economy of operations and the effectiveness of the operations. This can be explained with an example. For example if the non profit organization has an objective to increase the book reading habit because it believes that the people who read more are not violent personalities and in this way they can reduce the crime rate. So it has established number of libraries in different communities. Now we will look at at what cost it has acquired these libraries (Economy), how much people have visited these libraries (Efficiency) and whether the crime rate in the community has sufficiently fallen or not (Effectiveness). So this helps in understanding whether the objective was met or not.

However when we analyze the financial statement of profit making organizations then we use many profit and efficiency ratios to assess the performance of the organization. These ratios can also be helpful if the NGO is in business as well. But most of the NGOs rely on grants and these grants are subjective to their previous performance.

The NGOs are also required to publish reports according to the grant provider's enforced accounting principles, rules and guidelines. Just take the example of US-AID program that requires the Non profit organization to publish financial reports in specific format and enforces different Generally Acceptable Principles to be used in preparing these financial reports. So yes it is much more different in analyzing the financial statements of Non profit organization and profit making organization.

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3 years ago

_____ involves creating or sponsoring an event that has a particular appeal to a market segment. specific marketing zoned market

marta [7]

Hi Mattotto5458,

<u>Event marketing</u> involves creating or sponsoring an event that has a particular appeal to a market segment. specific marketing zoned marketing target marketing place-based marketing event marketing

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3 years ago

Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?

givi [52]

Answer:

D. A price that fits comfortably in your budget

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3 years ago

Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 2

blsea [12.9K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

June 1: $780/150 units= $5.2 per unit

June 10: $1,170/200 units= $5.85 per unit

June 15: $1,260/200= $6.3 per unit

June 28: $990/150= $6.6 per units

A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand.

Units sold= total units - ending inventory

Units sold= (150 + 200 + 200 + 150) - 210= 490 units

<u>The method with the lowest cost of goods sold will have the highest income:</u>

FIFO (first-in, first-out):

COGS= 150*5.2 + 200*5.85 + 140*6.3= $2,832

LIFO /last-in, first-out)

COGS= 150*6.6 + 200*6.3 + 140*5.85= $3,069

Weighted-average:

Weighted-average price= (5.2 + 5.85 + 6.3 + 6.6)/4= 5.99

COGS= 490*5.99= $2,935.1

The inventory method that will provide the highest gross profit is FIFO.

4 0

3 years ago

Identify 3 skills you would expect a bookkeeper to have​

Identify 3 skills you would expect a bookkeeper to have