Currently, I would say LEAN and Six Sigma.
Answer:
A. It widens the area inside the frontier on a production possibilities
curve.
Explanation:
A 10-K is just a <u>more detailed Annual Report</u>, without the visuals.
They includes info regarding the company and it's <u>financial performance</u> over the <u>last year</u>.
<u>Balance Sheet's</u> are <u>financial statements</u> that report a company's assets, liabilities, and equities at a <u>specific point in time</u>.
Therefore, we can conclude that 10-K reports include Balance Sheets
Answer:
Know where the product belongs
Explanation:
It won't end up in the right spot if you don't know where it goes
Question Completion:
Describe the accounting treatment of Supplies Expenses.
Answer:
Supplies Expenses are debited while the Supplies account is credited with the supplies expenses.
Explanation:
This accounting treatment of Supplies Expenses reduces the balance of the Supplies account by the amount of supplies used during the period. Thus, what is left in the Supplies account is the cost of the unused supplies at the end of the accounting period. The treatment also accords with the accrual concept, which requires that expenses are matched to the revenues that they generate in the period.
