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postnew [5]
2 years ago
6

In times of rising prices accounting on the basis of the historical cost

Business
1 answer:
NikAS [45]2 years ago
3 0
Understate profit and inflate assets
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Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn
makvit [3.9K]

Answer:

Customer-focused compensation strategy

Explanation:

Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.

7 0
3 years ago
The owner of a business invested $5,000 in the business. what are the effects on the fundamental accounting equation?
Bezzdna [24]

The owner of a business invested $5,000 in the business. Total assets and liabilities increase on the fundamental accounting equation.

<h3>What are assets ?</h3>

Financial accounting classifies as an asset any resource that a business or other economic organization owns or manages. Anything that has the potential to provide positive economic value qualifies. The ownership value that can be turned into cash is represented by assets.

<h3>What are liability ?</h3>

A liability is defined in financial accounting as the future economic advantages that an entity must forgo for other entities as a result of previous transactions or other previous events.

<h3>Difference between asset and liability </h3>

Any possessions that could possibly result in future financial gain are considered a company's assets. Your debts to other people are called liabilities.

To know more about transactions visit :

brainly.com/question/24730931

#SPJ4

5 0
1 year ago
MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $3,000; factory rent $6
s2008m [1.1K]

Answer:

Total cost= $204,750

Explanation:

Giving the following information:

Fixed costs: supervisor’s salary $3,000; factory rent $6,500

Mixed costs: utilities $3,500 + $10.25 per unit

Variable costs per unit:

manufacturing labor wages $30.00

supplies used in production $13.50

packaging cost $7.25

warranty cost $4

Required: Compute total costs to be incurred for a week with 2,950 units of activity.

Fixed costs= 3,000 + 6,500 + 3,500= $13,000

Variable costs= (10.25 + 30 + 13.5 + 7.25 + 4)*2,950= $191,750

Total cost= $204,750

4 0
2 years ago
BRAINLIEST!!!!
77julia77 [94]

Answer: It can be deduced that it's unethical for your employees to use their work computers for personal activities?

Explanation:

What is ethics?

It should be noted that ethics simply means the principle of knowing what is right from what is wrong.

In this case, it's unethical for your employees to use their work computers for personal activities. This isn't appropriate.

Furthermore, it's ethical for you to monitor computer usage. This is necessary to checkmate the activities of the employees.

8 0
2 years ago
Carlos bought a $235 water heater with his credit card. He used the water heater for five years before replacing it. He paid off
Effectus [21]

Answer:

c 4.12

trust me ok

8 0
2 years ago
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