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4 years ago

A process costing system:

Business

1 answer:

adell [148]4 years ago

7 0

Answer:

C. uses a separate Work-in-process account for each processing department.

Explanation:

A process costing system -

The term of process costing system is used in the method of cost account .

Where it refers to the method to assign and collect the cost of the goods and services manufactured per unit , is referred to as the process costing system .

The method is very efficient and useful during the production of goods and services in large quantities .

The method is appropriate for different department , where each department is assigned a separate processing method i.e. , if in company there are three major departments , then each department is assigned a specific process costing system , which is specific for a specific department .

Hence , from the question ,

The correct answer is c.

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Answer:

forming; storming

Explanation:

The forming is the first stage in group development. At this stage, the members of the group reveal their expectations with respect to the work and share their that skils in which they are perfect so that the work could be allocated easily.

After this finishing this step, the next step is storming in which the members give their suggestions to accomplish a task that has assigned to each member of the group

Therefore as per the given situation, the forming and storming are the correct options.

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4 years ago

Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS [LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company ha

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Answer and Explanation:

The preparation of the multiple-step income statement is presented below:

Rembrandt Paint Company

Income Statement

For the Year Ended December 31, 2021

Sales revenue $24,000

Less: Cost of goods sold -$13,500

Gross profit $10,500

Less:

Operating expenses

Selling and administrative -$3,100

Restructuring costs -$1,400

Operating Income $6,000

Add: Interest revenue $220

Less: Interest expense -$420

Income from Continuing operations before income tax expense and extra ordinary item $5,800

Less: Income tax expense (25%) -$1,450

Income from Continuing operations before extraordinary item $4,350

Discontinued Operations

Income from operations of discontinued components ($3,200 - $2,200) $1,000

Less: Income tax expense (25%) $250

Income from Discontinued operations $750

Income before extraordinary items $5,100

Extraordinary item $0

Net Income $5,100

Earning per share

Income from Continuing operations before extraordinary item ($4,350 ÷ 600 shares) $7.25

Income from Discontinued operations ($750 ÷ 600 shares) $1.25

Extraordinary item 0

Net Income $8.50

We simply deduct all types of expenses and added all types of incomes

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3 years ago

Nadine works for an accounting firm. she makes enough money for herself and has bought a house with a top-notch security system.

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4 years ago

Suppose you know that a company’s stock currently sells for $56 per share and the required return on the stock is 10 percent. Yo

Elenna [48]

Answer:

$2.8 divdends per share

Explanation:

$56 market price

Rate of return 10%

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$\frac{DividendsYield+SharePriceVariation}{Investment} = $Return on Investemnt$

In this case we are told that this is distribute evenly, this means:

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3 years ago

You are interviewing a new client. The client wants to hire your office to help negotiate the purchase of a small business. The

oksano4ka [1.4K]

Explanation:

Memo

To,

Attorney

Respected Sir,

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Mr Attorney; you get in with her on the deal to provide your services and in return whatever discount we can bargain from the deal, would be shared with you also as your fees. Since the client is willing to pay early, so once the deal is done you can get your fee also.

Hope to hear from you soon on this.

Regards,

XYZ enterprise

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3 years ago