Answer:
Explanation:
<em>Net working capital</em> is the difference between the current assets and the current liabilities:
<em><u>Change in the net working capital</u></em><u> (ΔNWC = </u><em><u>$40,000</u></em><u>)</u>
Answer: False
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C. Balance transfer fee
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<u>The answer is (e) none of the above</u>
Explanation:
<u>The formula for calculating the total equivalent units for conversion costs =</u>
<u>A+B*C</u>
A = units transferred out to the next department/finished goods
B = units in closing work in process
C = percentage of completion with respect to the relevant cost component
Given that
A=100
B=140
C=10/100
<u>Total equivalent units for a cost component </u>=100+140*10/100
=>100+140*1/10
=>100+14=114
<u>So ,the answer of the above question is (e) None of these</u>
The knowledge on basic principles of accounting may be useful for a Medical officer Manager because it allows him to better understand the flow of the business from the transaction to people handling skills during normal business activities. These make it easier for him to get acquainted with what is to be dealt with during normal business talks.
