For a promise or order to be considered negotiable, it must
of a necessity be an unconditional order for payment. Unlike deals where satisfaction
with the goods being purchased is prerequisite for payment, for a negotiable
promise or order, payment cannot depend upon any condition or contract.
Answer:
The answer is A. Standards refer to a company's projected revenues, costs, or expenses
Explanation:
The explanation is the following:
A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.
Standard costing is intensive in application as it calls for detailed analysis of variances.
In standard costing, variances are usually revealed through accounts.
Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.
The make-to-stock manufacturing (MTS) strategy can be described as producing products to put into stock based on a demand forecast.
In this strategy, companies do not maintain productive stability over a period of time, but adjust their manufacturing strategy according to times when demand can increase or decrease.
Some advantages of the make-to-stock strategy are:
- Economy of scale.
- Waste reduction.
- Efficiency in the use of resources.
- Increased response time.
So this is an effective manufacturing strategy for companies that can accurately forecast their demand.
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Answer:
letter A just my suggestion ☺️☺️
Answer:
Option (A) is correct.
Explanation:
Given that,
2018:
Accounts receivable (net) = $20
Net sales = $115
Cost of goods sold = $60
Net income = $20
Inventory turnover = 5.22
Return on equity = Return on assets × Equity multiple
= 10.3% × 2.36
= 24.308% or 24.3%
Therefore, Dowling's return on equity for 2018 is 24.3%.
