The correct answer is mass production. Mass production is
being defined as having to manufacture products in large quantities by which
they are likely utilized by an assembly of line technology. This is a process
by which it creates similar products in large numbers.
A business that does not need a full-time accountant, would most likely use a public accountant in which services are exchanged for a fee.
<h3>Who is an accountant?</h3>
An accountant is a professional who is responsible for analyzing and interpreting financial records of an organization. He also keeps the financial records of business or firm that employs him.
The role of an accountant include performing accounting functions such as:
- Analyzing accounts
- Auditing
- Reporting the financial transactions of a person or a business.
Learn more about accountants here: brainly.com/question/13433103
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Answer:
$873,200
Explanation:
The computation of the cost of merchandise sold is shown below:
= Merchandise inventory, July 1 + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31
= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600
= $873,200
We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory
Answer:
This project should be rejected because the AAR is 10.68 percent.
Explanation:
The accounting rate of return of the project needs to computed,compared with the required accounting rate of return in order to decide whether the project should accepted or rejected:
Profit margin=$86,800*6%=$5208
Average operating assets=($97,500+$0)/2=$48.750
Accounting rate of return=profit margin/average operating assets*100
Accounting rate of return=$5,208/$48,750*100=10.68%
The project accounting rate of return is lower than the required accounting rate of return,hence the project should be rejected.
