1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksklad [387]
3 years ago
12

A _____ is subsidiary to the work-in-process account and is the primary document for accumulating all costs related to a particu

lar task.a.labor details formb.job-order cost sheetc.materials requisition formd.time tickete.None of these choices are correct.
Business
1 answer:
OlgaM077 [116]3 years ago
8 0

Answer:

correct option is b. job-order cost sheet

Explanation:

A job order cost sheet is subsidiary to work in process

because job-order cost sheet are the documents that is use for record the manufacture cost.

and all necessary and important detail of cost & job is written in job cost sheet

and it is also accounting record of the company  

so here given that primary document for accumulate all cost related to a particular task

so correct option is b. job-order cost sheet

You might be interested in
Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0
Tatiana [17]

Answer:

See explanation

Explanation:

                       Armstrong Co.

          Multi-step Income Statement

  For the year ended, December 31, 20YY

Sales                                              $755,000

<u>Less: Cost of merchandise sold   (330,000)</u>

Gross Profit                                                    $425,000

Less: Operating expenses

Administrative expenses  $35,000

Selling expenses               $50,000

<em><u>Total operating expenses                               $85,000</u></em>

Income from operation                                 $340,000

Other revenue and expenses:

Rent Revenue                    $25,000

interest expense               ($30,000)

<u>Total other revenues (expenses)                      $(5,000)</u>

Income before taxes                                      $335,000

<u>Less: Income Tax                                                     0</u>

Net Income (loss)                                           $335,000

That is the appropriate way to prepare a multi-step income statement

3 0
3 years ago
Write the relationship between audit and finance?
OLga [1]

Answer:

Financial management makes decisions about managing finances: managing cash, using credit, paying bills, minimizing tax bills and borrowing costs, ensuring money for the firm’s current plan, and reporting the status of the finances. They are one part of the broader management team, and have a direct role in planning and can actually contribute profits or losses to the bottom line via their decisions.

Auditors are more like investigators or quality control: they don’t make business decisions, they make sure the financials being reported actually match the reality of what the company is doing. They usually are independent of management: they report to the board of the company, not the management they are auditing; they often have the mandate to look at anything they choose; they sometimes have a forensics function: collecting and analyzing evidence of serious wrongdoing if things are really out of control.

1.audit refers to the systematic process of examining verify of data related to the financial activities of an organization.

2.auditor is a professional inside audit

Financial management

1.Financial management refers to managing the fund of an organization.

2.finance manager is a professional inside finance management.

6 0
3 years ago
John would like to move from the city into the suburbs and has been saving a large down payment for a home.which is the most cos
miss Akunina [59]

The  most cost effective way for John to buy a house is on installment basis or by using up all his savings

3 0
3 years ago
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $2.6 million, and the 2018 balance sheet showed l
netineya [11]

Answer:

cash flow = - $780000

Explanation:

given data

2017 debt = $2.6 million

2018 debt = $3.75 million

interest expense = $370,000

to find out

What was the firm's cash flow to creditors

solution

first we get net new debt that is express as

Net new deb = 2018 debt - 2017 debt      .....................1

Net new debt = $3.75 million - $2.6 million

Net new debt = $1.15 million

so

cash flow to creditors will be here as

cash flow = Interest expense - Net new debt     .............2

cash flow = $370,000 - $1.15 million

cash flow = - $780000

6 0
3 years ago
Parliament Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Parliam
ss7ja [257]

Answer:

Note: <em>The complete question is attached as picture below</em>

<em />

We are add the previous month +10% to get that month's amounts

                              Sales Budget

                       January     February    March

Cash sales      $50,000   <u>$55,000</u>    <u>$60,500</u>

Credit sales    $120,000  <u>$132,000</u>  <u>$145,200</u>

Total sales      $170,000 <u>$187,000</u>  <u>$205,700</u>

<u>Workings</u>:

February

Cash sales = 50,000+(50,000*10%) = $55,000

Credit sales= 120,000+(120,000*10%) = $132,000

March

Cash sales = 55,000+(55,000*10%) = $60,500

Credit sales= 132,000+(132,000*10%) = $145,200

7 0
3 years ago
Other questions:
  • Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed
    6·1 answer
  • At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benef
    15·1 answer
  • Which of the following best represents a "supply curve"?
    10·1 answer
  • If you scored high on a questionnaire in the category of medicine,in which of the following could you be interested?select all t
    9·2 answers
  • The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2012 are as follows: janua
    5·2 answers
  • An auditor inspects a client’s investment records to determine that any transfers between categories of investments have been pr
    13·1 answer
  • The weighted-average cost method is used by Gomez, Inc. Sales are $320,000, the number of units available for sale is 100, the n
    8·1 answer
  • A client has a large and active investment portfolio that is kept in a bank safe deposit box. If the auditors are unable tocount
    15·1 answer
  • The evidence-based management approach is based on.
    5·1 answer
  • Suppose the government in your city imposes a $0.50 excise tax on gasoline. the burden of this tax falls on:_____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!