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3 years ago

Define office .Explain its importance

Business

1 answer:

snow_tiger [21]3 years ago

7 0

Answer:

Therefore, An office is an important part of the organization in which different administrative and clerical functions are performed to achieve the objective of the organization. It has given importance to a functional area of business rather than a specific place. ... The office is the brain of an organization.

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The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $35,000. The owner

jonny [76]

Answer:

Correct option is (B)

Explanation:

Given:

Beginning capital = $80,000

Net income = $35,000

Drawings = $18,000

Net income is added to opening capital and deduct drawings to arrive at capital balance at the end.

Capital at the end of the year = opening capital + net income - drawings

= 80,000 + 35,000 - 18,000

= $97,000

7 0

4 years ago

Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

harkovskaia [24]

Answer:

Unitary cost= $1.83

Explanation:

First, we need to calculate the allocation rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Production setups= 82,000/20= $4,100 per setup

Material handling= 48,000/80= $600 per part

Packaging costs= 130,000/130,000= $1 per unit

Now, we allocate cost to Product M:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Production setups= 4,100*8= 32,800

Material handling= 600*56= 33,600

Packaging costs= 1*80,000= 80,000

Total= $146,400

Finally, the unitary cost:

Unitary cost= 146,400 / 80,000

Unitary cost= $1.83

6 0

3 years ago

Its me 17225 i lost my old account if we used to be friends please friend me thanks.

aleksandrvk [35]

I know the feeling. My account was deleted not too long ago. I wasnt friends with you before but would be more than happy to be friends with you now!

5 0

3 years ago

Read 2 more answers

in a process costing system, the number of units started and completed for a period is equal to:a.Units transferred out less uni

Tju [1.3M]

Answer: A. units transferred out less units in beginning work in process

4 0

3 years ago

Which of the following statements regarding budgets is true? a. Budgets are detailed forward-looking financial reports based on

Shkiper50 [21]

Answer:

a. Budgets are detailed forward-looking financial reports based on expected income and expenses.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.

The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.

3 0

3 years ago

Define office .Explain its importance ​

Define office .Explain its importance