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oee [108]
4 years ago
5

The main difference between activity -based costing and traditional costing systems is that activity -based costing uses a separ

ate allocation base for each activity.
a. True
b. False
Business
1 answer:
Yuki888 [10]4 years ago
4 0

Answer:

True

Explanation:

True

in activity based costing system the cost for each activity is assigned on the basis of past consumption by each activity. Therefore cost on each activity of product and service is induced. As a result of which more overhead cost need to assigned over direct cost.

However in the traditional style of costing the main concern is on profit.  It is less accurate and but simple than activity base costing system.

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The basic difference between macroeconomics and microeconomics is: In a command economy, the __________ either makes most econom
Novay_Z [31]

Question 2 options are;

- government

- market

- firm

- business sector

Answer:

1. microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.

2. government.

Explanation:

1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.

2. We note that the word 'macro' indicates large scope, while 'micro' indicates a smaller scope. And so, the difference is that microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.

5 0
3 years ago
Explain the Charachteristics and the internal controlfeatures of an imprest fund.
aalyn [17]

Answer:

the Same; cash in the fund; total of the tickets; clearly identifies.

Explanation:

Okay, let us first fill in the gap in the question above. Please note that the capitalized words are the missing words.

"An imprest fund has THE SAME balance at all​ times, which equals the sum of CASH IN THE FUND accounts receivable cash in the bank cash in the fund deposits in transit plus the TOTAL OF THE TICKETS check stubs credit memos total of the tickets that support payments from the fund. The internal control feature of an imprest fund is that it CLEARLY IDENTIFIES (decreases increases) the amount of money for which the fund custodian is responsible."

IMPREST FUND can simply be defined as the money that one can keep in order to be able to pay for little-little day-by-day expenses. IMPREST fund is one of the powerful tools that is been used in accounting. IMPREST fund is generally kept with a custodian.

4 0
4 years ago
The equilibrium price of rental housing in City PQR is $1,000. If a price ceiling on rental housing is set at $800 in City PQR,
Zolol [24]

Answer:

<em><u>Higher</u></em>

<u>Explanation</u>:

This occurs because there tends to be greater demand for housing in Denver, but home owners supply of houses would be minimal, <em>thereby</em> reducing the availablity of homes.

This creates a situation where the law of demand and supply applies, thus leading to an even greater cost of housing above the price ceiling.

7 0
3 years ago
Medication is the most common treatment for seizure disorders.
Arada [10]
I don’t understand what is the question?
6 0
3 years ago
Read 2 more answers
How would external reporting of GAAP-based financial statements differ for a nonprofit hospital compared to a for-profit hospita
Alexxx [7]

Answer and Explanation:

The external reporting  of GAAP-based budget summaries for a non-benefit hospital will vary to a profit hospital in the accompanying ways:

  • For profit's hospital money related reports starts heading as "letter" from the entrepreneur or the CEO. The focal point of this letter is on the earlier year tending to any trouble the organization has survived. Though, non-benefit yearly reports report out the association's motivation and measurements about what number of individuals have profited by the examination, projects and administrations.
  • The yearly report of revenue driven associations regularly delineates how well they deal with their cash, to dazzle the potential speculators. Though, non-benefit associations simply center around how they go out dealing with the things will pretty much nothing or less assets close by, and the financing they put into their projects and administrations to help improve the network and offer help for those out of luck.
  • For profit associations wind up revealing their future field-tested strategies, for example, new item or administration propelling, which would make higher income and benefits for the organization in future. Not-for-profit associations, will some way or another state what administrations or projects have been the best and how they plan on building up these to serve more individuals on a bigger scale.

3 0
3 years ago
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