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
adell [148]
3 years ago
10

Fred owns a small manufacturing plant. His friend Paul also owns a manufacturing plant and has talked to Fred about issues he ha

s found so far with his system. What is Paul likely to say? (Select all that apply.) Select one or more: a. You may have to tell your accountant to conduct reconciliations to ensure that the rates in the system make sense when compared to actual rates. b. Beware of the high price to buy and maintain the cost accounting system. c. Be sure that the cost accounting system picks up current stock prices from the Internet.
Business
1 answer:
lara [203]3 years ago
4 0

Answer: The correct answer is "a. You may have to tell your accountant to conduct reconciliations to ensure that the rates in the system make sense when compared to actual rates.".

Explanation: Paul should surely recommend that your accountant verify the rates applied in the accounting system have reliability and are correctly related to the actual rates and if not, perform the necessary reconciliations.

You might be interested in
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
Veseljchak [2.6K]

Answer:

Proposal A: 5,455 units

Proposal B: 5,770 units

Explanation:

The break-even point is the number of units required for the revenue to equal the total costs.

For proposal A:

Fixed Costs = $60,000

Variable Costs = $13 / unit

Selling Price = $24 / unit

(P-VC)*n-FC = 0\\(24-13)*n-60,000 = 0\\n=5,454.5\ units

For proposal B:

Fixed Costs = $75,000

Variable Costs = $11 / unit

Selling Price = $24 / unit

(P-VC)*n-FC = 0\\(24-11)*n-75,000 = 0\\n=5,769.2\ units

Rounding up to the next whole unit, the break-even points for proposal A and B, respectively, are 5,455 and 5,770 units.

3 0
3 years ago
Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
2 years ago
"what is the difference between a credit card and a debit card? why are credit cards considerably more popular with u.s. consume
Y_Kistochka [10]
The difference between credit card and a debit card is that:
Debit cards are linked to your bank account, and money is withdrawn from the account as soon as the transaction occurs. While credit cards are not linked to your bank account, they are linked to the bank or institution that issued the card. Credit card are billed monthly.
Credit cards are considerably more popular with U.S. consumers because debit cards are linked to your bank account and if someone stole the card, all the money in your bank account will vanish. where credit cards are not linked to your bank account, it is charged monthly as much money as you want.
7 0
3 years ago
Whether on paper or computer, which of the following would you use to record bookkeeping data in a ledger? A. Balance sheet B. J
Eduardwww [97]
You want to record all of that stuff inna journal
4 0
3 years ago
The New York Times (Nov. 30, 1993) reported that "the inability of OPEC to agree last week to cut production has sent the oil ma
slega [8]

Answer: The correct answer is a. true.

Explanation: If there is a supply glut and demand is falling, there will definitely be a fall in price. The same principle applies if Organization of Petroleum Exporting Countries (OPEC) disagree to cut production, price for domestic crude oil would fall.

The scenario above is similar to the recent happenings regarding the impacts of coronavirus on global economy and is very fresh in our memories. According to the TheNation Newspapers, "oil prices tanked more than seven per cent at the weekend to their lowest levels since mid-2017 after Russia balked at OPEC's proposed steep production cuts to stabilize prices."

OPEC is proposing a cut in oil production, but if this is not done, the impact on Brent would be devastating as the price would fall further.

6 0
3 years ago
Other questions:
  • Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $40,200 cash and equipmen
    12·1 answer
  • The _____ should list and describe all of the deliverables required for the project.
    14·1 answer
  • Pat picked a card from a standard deck, looked at it, and then put it back. he then picked a second card. what is the probabilit
    12·1 answer
  • if a business with several branches did not maintain a system of branch account, what financial control element would be missing
    14·1 answer
  • Blackmoor Industries is an American firm that manufactures automotive parts. The firm has several manufacturing facilities in th
    6·1 answer
  • Abbott Inc. owns 30% of the outstanding voting shares of Berta Inc. On the date of acquisition, the fair value of Berta's equipm
    12·1 answer
  • The following data were reported by a corporation: Authorized shares 38,000 Issued shares 33,000 Treasury shares 12,500 The numb
    15·1 answer
  • All of the following are ways that governments encourage international business except?
    8·1 answer
  • Oxygen Optimization is considering the caffeine project, which would involve selling caffeinated oxygen for 1 year. The firm exp
    11·1 answer
  • When we read a visual text, we look for certain conventions to help us:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!