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3 years ago

Which one of the following statements is true?

1 answer:

n200080 [17]3 years ago

8 0

The Statements-In a job-costing system, individual jobs use different quantities of production resources, In a process-costing system each unit uses approximately the same amount of resources.-Both the statement are True

(D) Both (a) and (b) are true.

Explanation:

A job costing system is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract

For example:Job costing is required for deriving the cost of construction of a building,for designing a software

Process costing is a term that is used in cost accounting.

It is used to calculate the manufacturing cost of a Product.

A processing cost system is used during the mass production of the identical units .

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What are some of the ethical concerns that come to mind for companies seeking to sell to the bottom of the pyramid?

lions [1.4K]

Explanation:

There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.

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3 years ago

A project is expected to produce cash flows of $48,000, $39,000, and $15,000 over the next three years, respectively. After thre

german

Answer:

$80,809.09

Explanation:

Present value of the cash flows = ∑(Cash flow × Present value factor)

Present value factor = (1 + r)⁻ⁿ

Here,

r is the discount rate = 15.25% = 0.1525

n is the year of cash flow

thus,

Year n Cash flow PVF Present value

Year 1 1 $48,000 0.86768 $41,648.59

Year 2 2 $39,000 0.75287 $29,361.80

Year 3 3 $15,000 0.65325 $9,798.70

=============================================================

Present value of the project = $41,648.59 + $29,361.80 + $9,798.70

= $80,809.09

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4 years ago

Magnus Co. controls Anand Co. and wants to prepare consolidated financial statements. However, the controller of Magnus Co. did

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Answer and Explanation:

Magnus Co should refer to FAS 160/ARB-51-9

Retained earnings are profits of the business after deduction of dividend. It is located in the equity section of the statement of financial position/balance sheet of the reporting entity

Calculated retained earnings +profit/loss for the year - dividends

A subsidiary must be consolidated and reported by an entity with an interest in it if it has a majority stake in the company of over 50 percent voting shares

FAS 160 has replaced ARB 51

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