A) true. As there has been a larger job demand, there have been more workers.
Answer:
a.$520,000
Explanation:
Amount($)
Sales for the year 500,000
Opening accounts receivable 100,000
Closing accounts receivable <u> (80,000)</u>
Cash received from customers <u> 520,000</u>
Cash received from customers to be reported on the cash flow statement using the direct method is $520,000.
Cash flow statements are usually stated using the direct method or indirect method.
This is an example of insider trading, which is using private company data or information to make improper gains.
Answer:
A) buyers and sellers synchronize their decisions through the price system
Explanation:
Buyers are affected by the price mechanism and generally demand less at higher prices while sellers offer more when the price is higher. This provides a rationing mechanism that is not controlled by a central authority.
Activity-based costing is a technique for allocating overhead expenses in which the most appropriate cost driver is used for each individual activity.
While,
Traditional costing is a costing method that divides overhead expenses based on a single cost driver and the amount of production resources that are consumed.
Basic Differences Between them:
- Main focus: The allocation of overhead expenses to the production activities is the main emphasis of traditional costing. Though it uses a distinct methodology, activity-based costing is also utilised for cost allocation.
- Application: The constant and variable overheads in the traditional costing approach are easily separated into fixed and variable costs, and there is just one cost driver set for all activities. The implementation of activity-based costing is challenging because it requires selecting an appropriate basis for absorbing overheads, which is a challenging and time-consuming process.
Long-term business process improvement comes from activity-based costing. This is due to the fact that management of a company must thoroughly evaluate manufacturing operations and associated expenditures. This emphasises the causes of some expenditures, which can ultimately aid in managing and controlling them. It is challenging for management to collect additional data on production activities since traditional costing does not force management to search for various cost centres.
Learn more about costing here:
brainly.com/question/25109150
#SPJ4