Offering false statements in a contract is fraud in the inception. True False

Discuss which financial management practices are least effective in creating and monitoring an operating budget?

insens350 [35]

The financial management practices which are least effective in creating and monitoring an operating budget include top down/bottom up budgets, poor inventorying, lack of control, over control, and lack of staff investment.

In business, financial management includes the practice of making a business plan and then ensuring that all departments which falls under it stay on track and work properly.

Creating and monitoring an operating budget for the national government involves four distinct processes which are, budget preparation, budget authorization, budget execution and accountability.

Hence, the operating budget helps in keeping track of the income and expenses in an organization.

To learn more about operating budget here:

brainly.com/question/8053842

#SPJ4

3 0

2 years ago

Morrow Corporation had only one job in process during May—Job X32Z—and had no finished goods inventory on May 1. Job X32Z was st

bearhunter [10]

Answer:

1 Cost of goods sold $ 13,350

2. Value of finished goods ending inventory $ 16,200

3. Value of work in process inventory $ 0

Explanation:

Computation of cost of goods sold

Determination of per unit cost

Opening balance $ 7,000

Direct Materials $ 12,600

Direct Labour $ 3,500

Manufacturing overhead applied $ 6,900

Total cost of Job X32Z $ 30,000

Units completed 250

Cost per unit $ 120

Units sold 115 units

Cost of goods sold $ 120 * 115 $ 13,800

Add; Adjustment for over applied overhead $ ( 450)

Cost of goods sold $ 13,350

Computation of Finished Goods Inventory value

Units produced 250

Units sold 115

Units in ending inventory 135

Cost per unit $ 120 per unit

Value of ending inventory $ 120 unit * 135 units $ 16,200

Computation of Work in process inventory

There are no units in process at the end of May, so there is no work in process. so then value is $ 0

6 0

3 years ago

A(n) _____ is a union in which all members do the same type of work, often using specialized skills and training.

zepelin [54]

A craft union is a union in which all of it's workers do the same type of work. They also use very unique and specialized skills and training. This is best for people is have a particular craft or skill they are great at.

6 0

4 years ago

EBook

KonstantinChe [14]

Answer:

Cost Flow Methods

Gross profit and ending inventory on April 30 using:

Gross Profit Ending Inventory

(a) first-in, first-out (FIFO) $75 $546

(b) last-in, first-out (LIFO) $71 $542

(c) weighted average cost method $73 $544

Explanation:

a) Data and Calculations:

Item Beta Cost

April 2 Purchase $270

April 15 Purchase 272

April 20 Purchase 274

Total $816

Average cost per unit = $272 ($816/ 3 units)

Assume that one unit is sold on April 27 for $345

Gross profit and ending inventory on April 30 using:

Gross Profit Ending Inventory

(a) first-in, first-out (FIFO) $75 ($345 - $270) $546 ($816 - $270)

(b) last-in, first-out (LIFO) $71 ($345 - $274) $542 ($816 - $274)

(c) weighted average cost method $73 ($345 - $272) $544 ($816 - $272)

Ending inventory = Cost of goods available for sale Minus Cost of goods sold

Gross profit = Sales Minus Cost of goods sold

3 0

3 years ago

It costs garner company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. a fore

Tema [17]

It would be an increase of $6.000 as the effect in net income ($15 selling price less $13 variable cost (the original $12 plus the $1 shipping cost)) or $2 per scale.

8 0

3 years ago