Answer:
B. A receipt.
Explanation:
A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.
<h2>Howdy,
</h2><h2>answer;-) laggard</h2>
Answer:
160%
Explanation:
From the question above Cosi company is expected to incur $800,000 of overhead during the next period.
They are also expected to use 50,000 labor hours at a cost of $10 per hour
The first step is to find the estimated direct labor costs
= 50,000 × $10
= $500,000
Estimated direct labor cost= $500,000
The next step is to find the estimated overhead rate
Estimated overhead rate= Estimated overhead/Estimated direct labor costs
= 800,000/500,000
= 1.6 × 100
= 160%
Hence the predetermined overhead rate for Cosi company is 160%
Answer:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions
Explanation:
You may employ someone to manage the accounts, but you do need to know how to read, understand, and interpret simple reports of accounting to make sound business decisions, as well as understanding whether someone is committing fraud with you. A simple knowledge can help with all of this.
The smooth operation of a company is practically impossible without being able to interpret, comprehend and evaluate accounting reports and financial statements.
Therefore according to the given situation, the correct answer is b
