When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is?

HELP!!!!!!! Draw a supply and demand graph for the given scenario

faltersainse [42]

The demand shifter is the expected increase in the price of the lab coats.

The equilibrium price and quantity would increase.

<h3>What would happen to equilibrium price and quantity?</h3>

When there is an expectation of an increase in the price of lab coats, people would want to buy more lab coats now to avoid buying lab coats at a high price next week.

As a result, the demand curve for lab coats shifts to the right. The equilibrium price and quantity would increase.

Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811

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8 0

2 years ago

How will the crm system with appropriate customer support and relationship management applications help reduce information silos

Tomtit [17]

The correct option is this: TRAINERS, NUTRITIONISTS AND COACHES WILL HAVE ACCESS TO MEMBERS' DATA AND WILL BE QUICKLY AND EFFICIENTLY ALERTED REGARDING CUSTOMERS' NEEDS.
Information silos refer to an information management system that is unable to freely communicate with other information management system. A CRM system will help to reduce information silos.

5 0

3 years ago

Accounting Fundamentals of Healthcare ManagementWorking capital techniques focus specifically on what aspects of an organization

ycow [4]

Answer:

Check the following calculations

Explanation:

1. Working capital techniques focuses on short term borrowings of an organisation. An organisations meet its working capital needs by borrowing the funds for short term and meet the funds it requires to manage the operational requirements. This is the reason why short term borrowing limits of any organisation is linked directly to the value of its working capital ie., Inventories, receivables etc.,

2. A manager typically focusses on reducing the receivables by improving the collections from overdue debtors and on evaluating whether the inventories are procured optimally or purchased in bulk more than the requirement and negotiates with vendors for increased credit terms. He also works on ensuring that the short term borrowings are represented by the drawing power available from its current assets. If there is any gap, he would work on borrowing long term funds and utilise it to meet the shortfall in working capital with necessary approvals.

3.Accounts receivable cycle represents the no of days between the date of invoicing to a customer to the date of realisation of billed amount from the customer. In health care industry, most of the revenues are settled through insurance claim process. Insurance companies typically delay the settlement stating deficiencies in the documents submitted. This would result in increased ageing of receivables. Unless closely monitored and followed up, the realisation of dues would be a concern in this industry.

4. Goal of Economic Order Quantity (EOQ) is to minimise the inventory holding costs and the costs of ordering a product by optimally assessing the quantity to order .Here , the key assumption is the demand quantity would be certain and constant throughout the period. Just in Time (JIT) inventory is a manufacturing system which focuses to produce or procure products only when the demand arise. Hence, the focus is mainly on time reduction between the time of order and time of sourcing the material. JIT doesnt assume any static demand.

5. Revenue cycle in a Health care industry represents the difference between the date of admission of a patient and the date of receipt of fees . Steps involved in managing revenue cycle in a health care industry are provided below:

- Developing a robust system to track and monitor the revenue cycle for each patient

- Agreeing on a clear SOP (Standard operating procedure) with Insurance companies in submission and settlement of claims

- Review of revenue cycle by Top management team and raising relevant queries and actionable points to improve the status

Decision on offering cash discount.

It is prudent to collect after 30 days instead of giving cash discount as shown below

Download xlsx

8 0

3 years ago

Steve leads the administrative department of Mayo Pvt. Ltd. He encourages people to perform to their maximum potential by provid

Bas_tet [7]

Answer:

The answer is: C) Human capital is more important than financial capital.

Explanation:

Steve emphasizes the value of human resources or human capital. He is convinced that the prime factor in the success of a company is its human capital. The actions he takes empowers his staff by giving them a say in the decision making processes.

8 0

4 years ago

An organization expresses its reason for being, what it aspires to be, and the values it wants to emphasize in its mission, visi

dusya [7]

Solution :

Vision statement : A vision statement is defined as an inspirational statement of the economic future of any organization. It is what the organization is going to be in the future.

Mission statement : A mission statement supports the vision statement and says the ways to achieve and meet the vision.

Value statement : A value statement describes and defines in what any organization believes and how its employees should behave in the organization.

The following statements describes :

1. Describes the image the organization wants to project

---- it is a Mission Statement

2. Inspires enthusiasm and encourages commitment

------it is a Vision Statement

3. Illuminates the organization’s attitude toward its employees

----- it is a Mission Statement

4. Is intended to guide all of the actions in the organization

----- it is a Value Statement

5. Is easily understood and well-articulated

------ it is a Vision Statement

6. Outlines the organization’s customer base

------ it is a Mission Statement

7. Expresses the company’s worldview

------ it is a Value Statement

8. Is appropriate for the times and for the organization

------ it is a Vision Statement

9. Limits itself to a small number that employees can recall when making decisions

------ it is a Value Statement

10. Articulates the geographical locations where the company competes

------ it is a Mission Statement

11. Unchanging; As applicable in 100 years as it is today

------- it is a Value Statement

12. Reflects high ideals

------ it is a Vision Statement

3 0

3 years ago