Committee? Not sure but best guess.
Answer:
The answer is B. After the income statement and before the statement of owner's equity.
Explanation:
Income Statement shows the profitability of a business over a period of time.
Balance sheet shows the financial position of a business at the end of the period.
Statement of owner's equity shows the changes in owner's equity over a period of time.
Balance sheet is prepared after the income statement because profit for the year(net profit) in income statement is a line item under owner's equity in balance sheet. It must be known and the figure(net income) must be transferred to balance sheet (equity).
It is prepared before the statement of owner's equity because changes in equity (difference between opening and closing balance under equity in balance sheet) is a line item under changes in owner's equity. Also, issues of shares(in balance sheet) is a line item under statement of changes in owner's equity.
Answer:
The answer is d. Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.
Explanation:
Centralized purchasing is a purchasing system in which all the departments of a company with a wide geographical distribution can make purchases through a common purchasing organization.
The amount Louis just paid is considered to be the price.
What a price means or what it communicates to customers is called?
- A price's significance or the message it sends to clients are referred to as Interpretation.
- The extent to which a customer's pleasure with the product after the purchase and with the purchasing experience is enhanced by the price of a product is part of their Response.
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Work performance information and cost forecasts are the main outputs of cost control.
<h3 /><h3>What is cost control?</h3>
It is the set of practices that assist in the control and organization of financial resources, in order to establish a budget that is a useful tool for greater understanding of income and expenses and greater coordination of the correct allocation of finances to fulfill your needs and for the achievement of objectives and goals.
In a company, cost control will help in effective positioning in the short and long term, helping to correctly understand the company's financial situation in a period, in addition to helping in the forecast of costs, expectations and planning as a whole.
Therefore, cost control is a set of tools that assists in the budget control of a company or an individual, being positive for the best organization of finances.
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