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Advocard [28]
4 years ago
11

Which one of the following statements is​ FALSE? A. In a processminuscosting ​system, each unit uses approximately the same amou

nt of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing​ system, individual jobs use different quantities of production resources.Which one of the following statements is​ FALSE? A. In a processminuscosting ​system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing​ system, individual jobs use different quantities of production resources.Which one of the following statements is​ FALSE? A. In a processminuscosting ​system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing​ system, individual jobs use different quantities of production resources.
Business
1 answer:
Nastasia [14]4 years ago
5 0

Answer: C. An organization that manufactures several types of cereal would use a job-order costing system.

Explanation: job-order costing is used when many different jobs or products are worked on each period. ( ex: Specialized order printing, furniture manufacturing)

-Job-order costing is used when many different jobs having different production requirements are worked on each period.

-Job-order costing systems accumulated costs by individual jobs

-Job-order costing systems compute unit costs by job on the job cost sheet.

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Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur
Oduvanchick [21]

Answer:

Option C: 8.44 times

Explanation:

Quick ratio(also called as acid test ratio) is the indicator of a company's liquidity position at a very short period which only considers the most liquid assets and ignores Inventory & other assets which cannot be realised immediately.

As we know that Quick Ratio = [Current Assets - Inventory - Prepaid Assets] / Current Liabilities

2.00 = $79,000 - Inventory - 0] / $27,650

=> Inventory = $23,700‬

Inventory turnover ratio gives us the number of times the company sells and replaces its inventory during the period.

Annual Sales = $200,000

Inventory Turnover Ratio = Sales / Average Inventory

=> $200,000 / $23,700 => 8.44 times

8 0
3 years ago
Income statement _______ Click on an event in any transaction report b. Balance sheet _______ Click an account on any report c.
goblinko [34]

Answer and Explanation:

a Income statement = Reports revenues and expenses

The income statement only records the revenues earned and expenses incurred

b Balance sheet = Reports Assets, liabilities and Equities

The balance sheet records the 3 items i.e assets, liabilities and stockholder equity

With the help of the accounting equation, the balance sheet should be matched

c Statement of Cash flows = Includes operating, Investing & Financing

The cash flow statement consist of operating activities, investing activities, and financing activities. It records only cash payments and cash receipts transactions

d AR Aging Report= Reflects unpaid invoices for current period

It shows the invoices which are not paid

e AP Aging Report  = Reflect unpaid bills for current period

It shows the bills which are not paid

f Inventory valuation report = Reports Inventory Quantities on hand

It shows the quantities of inventory remains on till date

g Profit and loss report = Another name for Income statement

The other name of income statement is profit and loss account or report

h To view a transaction report = Click an account on any report

For seeing the transaction report we have to just click on any report

i To view a source document = Click on an event in any transaction report

For seeing the source document we have to just click on the event of any transaction report

j % of income check box = Click to add a new column in a report

For percentage of income check box we need to add a new column in a report

4 0
3 years ago
A company is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. Ho
Bumek [7]

Answer:

Value of company = $982.16

Explanation:

The free cash flow is the cash generated by a company that is not retained and reinvested. It is the cash flow available to all providers of capital . It is available to pay dividend or finance other project

The value of the company would be the present value of its free cash flow discounted at the weighted average cost of capital.

Value of company )year 4= 85/(0.12-0.065) = 1,545.45

Value of company (in year 0) = 1,545.45× 1.12^(-4)= 982.16

Value of company = $982.16 millions

7 0
3 years ago
In a command economy, Individuals fellow thir self-interest without government intervention True or False İf false, correct the
Ostrovityanka [42]

Answer:

False

Explanation:

In a command or planned economy, the factors of production are owned and controlled by the government.  The government makes all the significant economic decisions such as production, distribution, and pricing.  

The government prepares a central plan for the entire economy. The plan determines the production level, the goods and services to be produced, and their prices.  The central government employs all workers. The private sector does not exist.

8 0
3 years ago
To determine the production level, the monopolist sets marginal cost equal to price.
Vlad1618 [11]
Your answer is false.
6 0
3 years ago
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