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Doss [256]
3 years ago
15

As companies started to seek scale economies and efficiency, their goal was to take advantage of ­­­­­­­____________ in function

al areas? a. ABC classification b. Deep skills c. Activity Based Costing d. Common costs e. Both b & d f. All of the above
Business
1 answer:
allsm [11]3 years ago
7 0

Answer: e. Both b & d

Explanation:

Economies and Efficiency can be achieved by managing costs better. This can be done by training employees more so that they may use deep skills gained to be able to keep costs low by being more efficient on the job.

A good place to reduce costs would be the common costs. The business can target these costs by optimising them which means to reduce costs while still maximizing output and value. Reducing the costs here would lead to better efficiency.

You might be interested in
The Wilson Company purchased $35,000 of merchandise from the Poole Wholesale Company. Wilson also paid $2,800 for freight costs
Olin [163]

Answer:

Option A, total debits to the inventory account would be $37,800, is correct

Explanation:

The cost of the merchandise inventory to Wilson Company is the cost of the inventory purchased and the freight-in cost.

In other words, the amount to be recognized in merchandise inventory account is the sum of both amounts i.e $35,000+$2800=$37,800

This would be debited to merchandise inventory and $2,800 would be credited to the cash account while $35,000 is credited to accounts payable

4 0
3 years ago
Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec
makkiz [27]

Answer:

$25,650

Journal entries

Explanation:

The computation and the journal entries are as follows        

The estimated balance of the allowance for Doubtful Accounts is shown below:

= Total account receivable × estimated percentage

= $570,000 × 4.5%

= $25,650

The journal entry is shown below:

a. Bad debt expense A/c Dr  $13,650           ($25,650 - $12,000)

  To Allowance for doubtful debts  $13,650

(Being bad debt expense is recorded)

b. Bad debt expense A/c Dr  $24,650          ($25,650 + $1,000)

  To Allowance for doubtful debts  $24,650

(Being bad debt expense is recorded)

7 0
3 years ago
Brock Company makes candy. During the most recent accounting period Brock paid $3,000 for raw materials, $4,000 for labor, and $
Ganezh [65]

Answer:

C

Explanation:

4 0
2 years ago
Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000, has accumulated depreciatio
Gelneren [198K]

Answer:

Debit to equipment for $52000

Explanation:

Based on the information given we were told that Jen had a fair value of the amount of $52,000. This means that the Journal entry to record the initial contribution to the partnership will tend to include a DEBIT TO EQUIPMENT FOR THE AMOUNT OF $52,000 which is the fair value amount.

Debit to equipment for $52,000

3 0
3 years ago
Key question addressed by strategic management is "Why do some firms outperform other firms?" In other words, it examines how ac
Lina20 [59]

Answer:

The answer: ''In other words, it examines how actions and events involving top executives, firms and industries influence a firm's success or failure'' is correct.

Explanation:

To begin with, in the field of business the managers tend to be very agressive and competitive in order to set their companies in the top of the industry and therefore to obtain the maximun profits as possible.

To continue, the strategic management group wonder themself why do some firms outperform other firms and the answer to that question has many factors that influece the situation where that happens, in other words, it is normal that many companies with less resources, such as money or human knowledge, tend to give a worst performance that other companies that count with executives with huge experience or better economic situations in the industry. Moreover, it is known that the companies with a manager that knows how to manage the business with the resources it has and how to comprehend the situation where it heads will perform at a higher level than the other.

7 0
3 years ago
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