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3 years ago

Which statement is false?

Business

1 answer:

Llana [10]3 years ago

5 0

Answer:

The statement which is false is the no matter that whether perpetual inventory system or periodic system is used by company, but all the companies require to evaluate inventory quantities at the end of the accounting period.

Explanation:

The statement is false because the companies does not require to determine or assess the inventory quantities at each accounting period.

Therefore, the correct option is C.

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Recently, the cable television networks have bombarded viewers with a variety of shows based around teams that come in to redeco

allochka39001 [22]

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social integration. i hope this helps for you!

Explanation:

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3 years ago

Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below

Paha777 [63]

Answer:

d.$1,685

Explanation:

Though many jobs were completed, but only Job 356 and 357 were sold.

Cost of Goods Sold = cost of job 356 +cost of job 357

= $450 + $1,235

= $1,685

5 0

3 years ago

Management can make any form of distribution to the firm’s shareholders using the company’s free cash flow (FCF). The underlying

vovikov84 [41]

Answer:

A good use of free cash flow is to Invest in nonoperating assets

Explanation:

Free cash flow (FCF) is a measure of how much cash a business generates after accounting for capital expenditures such as buildings or equipment. This cash can be used for expansion, dividends, reducing debt, or other purposes.

If the underlying objective is to maximize shareholder wealth by increasing the firm’s value. Any use of FCF that negatively affects the firm’s value is not considered a good use of the FCF.

A good use of FCF would be to invest in nonoperating assets such as marketable securities, investments in other companies, etc.)

3 0

3 years ago

What is a co-operative risk sharing plan

finlep [7]

The co-operative risk sharing plan is that the person who you are working with can go "out" from the co-operative plan and share with another persons your plan.

3 0

3 years ago

An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cos

gulaghasi [49]

Answer:

(1) $\text{Total Cost}=1246.67+7.60\ \text{Volume}$

(2) The variable cost per unit produced is $7.60.

(3) The coefficient of determination is 0.96 or 96%.

(4) The estimated total cost is $5,046.67.

Explanation:

A regression analysis for the provided data is performed on Microsoft Excel.

The output is attached below.

(1)

The estimated regression equation that could be used to predict the total cost for a given production volume is:

$\text{Total Cost}=1246.67+7.60\ \text{Volume}$

(2)

The variable cost per unit produced is given by the slope of the line.

The slope of a regression line represent the value of the dependent variable for one unit of the independent variable.

So, the variable cost per unit produced is $7.60.

(3)

Consider the regression output attached.

The coefficient of determination is 0.96 or 96%.

This implies that the percentage of the variation in total cost that can be explained by production volume is 96%.

(4)

For Volume = 500 units predict the total cost as follows:

$\text{Total Cost}=1246.67+7.60\ \text{Volume}$

$=1246.67+(7.60\times 500)\\\\=1246.67+3800\\\\=5046.67$

Thus, the estimated total cost is $5,046.67.

4 0

3 years ago