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inna [77]
4 years ago
15

The cost reconciliation report has two sections: ""Costs to be accounted for"" followed by ""Costs accounted for"". The ""Costs

accounted for"" portion of the cost reconciliation report includes the cost of beginning work in process inventory and the cost of units transferred out. True or false?
Business
1 answer:
lord [1]4 years ago
7 0

Answer:

The correct answer is False.

Explanation:

At the end of the accounting period, monthly, annual or of any kind, a series of tasks of control and audit of costs are carried out in order to generate correct and compensated reports of the value of the inventories and send it to the finance department. Apart from the accounting tasks that transfer the value movements of individual products to exclusive accounting accounts, multiple reporting and monitoring functions and a special reconciliation tool are available for the auditors and cost control engineers responsible for this work. critical importance for the company.

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How much should i weigh at 5'4 and 13 years old?
Olin [163]
There is not a specific weight that you should be. It often depends on genetics and your diet. These are all factors of a person's weight, which can differ depending on the person.
8 0
3 years ago
Read 2 more answers
An investment in the Mezzogiorno will receive a subsidized loan of $12 million from the Italian government. The loan bears an in
Murrr4er [49]

Answer:

$1.92 million

Explanation:

The value of the subsidy per year = $12,000,000 x 3% = $360,000

Now we have to find the present value of the cash flows using an excel spreadsheet and the net present value function =NPV(discount rate,series of cash flows)

discount rate = 10% (market rate)

cash flows = 8 cash flows of 360,000 each

=NPV(10%,360000,360000,360000,360000,360000,360000,360000,360000) = $1,920,573 ≈ $1.92 million

6 0
3 years ago
Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes
m_a_m_a [10]

Answer:

 

Explanation:

a ) We shall calculate the NPV of the project . If it is positive , then money can be invested

Cash outflow in the beginning =1000

Present value of perpetual annuity of 100 at 9.5 %

100 / .095

= 1052.63

which is more than initial cash outflow

So NPV is positive

Hence money can be invested.

b )

If machine takes one year to build , first year cash outflow of 100 will be absent

Present value of 100 after 1 year

= 100 / 1.095

= 91.32

So present value of annuity

= 1052.63 - 91.32

= 961.31

This is less than 1000 so

NPV is negative.

Hence money can not be invested.

5 0
4 years ago
Michael works at an accounting firm. He and his colleague, Ava, are both eligible for a promotion to a particular role. Michael
Travka [436]

Answer:

Answer is A. glass ceiling.

Refer below.

Explanation:

Michael works at an accounting firm. He and his colleague, Ava, are both eligible for a promotion to a particular role. Michael works very hard, but he feels that Ava will be promoted as she is very sincere and is dedicated to her job. However, Michael gets promoted even though Ava was a more deserving candidate. This scenario illustrates the concept of glass ceiling.

5 0
3 years ago
Read 2 more answers
In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are look
worty [1.4K]

Answer:

49 million

Explanation:

Data given in the question

Population = 100 million persons

Civilian jobs = 40 million

Not working but looking for a job =  9 million

So the number of persons in the civilian labor force is

= Civilian jobs + not working but looking for a job

= 40 million + 9 million

= 49 million

The civilian labor force includes both the employed as well as unemployed person

8 0
3 years ago
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