The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.
<h3>What were Eskom's operations?</h3>
Eskom's operations refer to the operation of the Electricity Supply Commission in South Africa.
When the hard lockdown was placed during the pandemic on Eskom's operations in South Africa, this led to parliamentary committees leaving the officials in Pretoria because they believed that having digital meetings will be better than face-to-face.
hence, The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.
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Answer:
C. 66,000
Explanation:
Ending Work in Process (WIP) = Beginning Work in Process + Units Started into Production - Units Completed and Transferred
Ending WIP = 6,000 * 100% + 60,000 - 50,000 = 16,000
Equivalent Units of Production (EUP) = Units Completed + Units Ending WIP x % of conversion
EUP = 50,000 + 16,000 * 100 = 66,000
Answer: $3,940
Explanation:
Purchase from Diamond
The company received a discount of 2% because they paid within 10 days as per the terms of the sale.
Cost of inventory from Diamond:
= (Cost of goods - Returns) * (1 - 2%)
= (4,100 - 1,100) * 98%
= $2,940
Purchase from Club
Discount period expired so the full $1,000 is paid.
Total inventory cost:
= 2,940 + 1,000
= $3,940
Answer:
The answer is: full disclosure principle
Explanation:
Full disclosure principle in accounting refers to the requirement that businesses are supposed to provide all material information pertaining to their operations to the stakeholders of the business so as to facilitate better decision-making frameworks when evaluating the business.
The going concern principle is based on the assumption that the business will not cease operating in the foreseeable future. The matching principle requires that the expenses incurred in carrying out an economic activity are recorded in the same period as the revenues earned from that activity. The historical cost principle requires assets or liabilities to be recorded at their acquisition value.
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