Economic output is the most common metrics method of evaluating the economic health of a country.
<h3>What is economic output?</h3>
Economic output as the name implies, measures the value of all sales of goods and services produced in a country. It indicates that the amount of output or income per person in an economy.
Economic output shows how much goods and services produced in a country are sold within a period of time.
Hence, economic output is the most common metrics method of evaluating the economic health of a country.
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To review and report on internal controls over sales, purchasing and cash at Downe, your external audit firm should develop points for inclusion in your firm's report on identified internal control deficiencies at Downe.
In the cases described, the central deficiency is in the use of money not specifically allocated for payments and lack of adherence to company policy.
The consequences of these actions at Downe can mean a lack of control, organization and coordination of the flow of income and expenses, leaving businesses without correct records of capital utilization, legal compliance and inventory control.
It will therefore be necessary to restructure Downe's processes in order to implement a new policy that is passed on to all employees to be strictly enforced. In addition to greater control by managers and redesign of the organizational and work structure.
In this way, the company will guarantee that the processes occur in a planned, focused and strategic way, generating an improvement in the organizational culture and better positioning for the company in the market.
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Answer:
A cost allocation method
Explanation:
Depreciation is expensing the cost of acquiring a machinery over its useful life.
Answer: See explanation
Explanation:
Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:
= $110,000 - (2% × $110,000)
= $110,000 - (0.02 × $110,000)
= $110,000 - $2200
= $107800
Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:
= $110,000 - (6% × $110,000)
= $110,000 - (0.06 × $110,000)
= $110,000 - $6600
= $103400
Answer:
20units per hour
Explanation:
Because The capacity at stamping is 120/(90+120*0.5+9-+240*0.5)*60=20 units per hour. The capacity at assembly is 1/30*12*60=24 units per hour. Therefore, stamping is the bottleneck.
