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3 years ago

What are the steps for a cost-benefit analysis?

1 answer:

3 0

There are six steps for a cost-benefit analysis. These are the steps:

Step 1.
Understand the cost of status quo.

Step 2
Identify cost.

Step 3.
Identify benefits

Step 4
Determine the cost saving

Step 5
Create a timeline for expected costs and revenue

Step 6
Evaluate non-quantifiable benefits and costs

So those are the six steps that will help you produce a meaningful and actionable cost-benefit analysis

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For each of the following separate transactions: Sold a building costing $32,000, with $20,800 of accumulated depreciation, for

VashaNatasha [74]

Answer:

Sale of building:

journal entry:

cash 8,800 debit

acc dep building 20,800 debit

loss at disposal 2,400 debit

building 32,000 credit

cash generated from investing activities: 8,800

Purchase of Machine

journal entry:

machinery 10,800 debit

note payable 10,800 credit

no cash involve no effect on cash flow statement

issuance of shares:

journal entry:

cash 2,160 debit

common stock 2,160 credit

cash generated from financing activities: 2,160

note payable redemption:

note payable 40,400 debit

loss on redemption 7,400 debit

Cash 7,400 credit

cash used for financing activities: 47,800

Explanation:

Sale of building:

we write-off the assets along with his depreciation and enter the proceed at disposal. We also need to recognzie the gain/loss for the difference:

32,000 - 20,800 = 11,200

procceds (8,800)

result 2,400 loss

cash flow effect: investing activities: 8,800

Purchase of Machine

we record the asset received and the liability issued to get it.

no cash involve no effect on cash flow statement

issuance of shares:

1,080 shares x $2 each = 2,160 this is the amount of the shares and the cash proceeds.

financing for the cash proceeds: 2,160

note payable redemption:

we write-off the liability, we credit the cahs used and recognize the loss.

cash used for financing for 47,800

7 0

3 years ago

Flowchart of Accounts Related to Service and Processing Departments

MakcuM [25]

Answer:

Main route:

Smelting --> Rolling --> Converting --> Sheared Sheet

Secondary route -->

Smelting --> Rolling --> rolled sheet

1) Smelting trasnferred materials into Rolling

2) It will be part of that department work in process inventory

"WIP SConverting debit then factorty overhead credit"

Later it will be transferred out as a complete process therefore,

Finished good Inventory - Shared sheet

3) the Smelting department transfer the entire of his output into Rolling department

4) the finished good will become cost of good solg once they are sold.

Explanation:

We have to read he description of how the processing system works and check to whichdeparmtent are the goods being transferred or sold.

7 0

3 years ago

"A cost that is constant within a relevant range but differs outside the relevant range of activity is best classified as what t

Verizon [17]

Step cost is the answer.

4 0

3 years ago

When inspecting a fire extinguisher:

NikAS [45]

B because it the right answer there

7 0

3 years ago

Joint products are:

s344n2d4d5 [400]

Answer:

The correct answer is option A.

Explanation:

Joint products are those products are manufactured through the same process using common inputs and are somewhat equal in value.

they cannot be produced separately.

For instance cream, butter and cheese are joint products made from milk.

Gasoline, kerosene and fuel oil are joint products made from crude oil.

4 0

3 years ago