Answer with its Explanation:
The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:
- The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.
- The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc.
- The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.
Answer:
Issue a request for proposals from invited suppliers.
Explanation:
Industrial purchasing decision making involves more physical and observables stages.
The buying process begins when someone in the company recognizes a problem or need that can be met by acquiring goods or services.
B2B buying stages:
-Need recognition, definition of characteristics and quantity, and development of specifications.
-Search for and qualifications of suppliers, proposal or quote solicitation.
-Evaluation of proposals and supplier selection.
-Selection of an order routine.
-Performance evaluation and feedback.
Answer:
Cash Over and Short
Explanation:
An income statement account that is used to record cash overages and cash shortages arising from petty cash transactions or from errors in making change is titled Cash Over and Short.
By definition, 'Cash Over and Short' is an account within the general ledger of a company in the income statement in which shortages or overages of cash is posted.
At the end of the period, the balance in the account (whether debit or credit) will determine what side of the income statement it will appear.
Answer:
im sorry i cant see the picture what is it sorry
It normally doesn't have a warranty and can't be returned.
<h3>What does the phrase "purchase on consignment" mean?</h3>
A reseller (consignee) and their supplier (consignor) enter into a consignment agreement that enables the reseller to pay for the products after the products have been sold.
<h3>What benefits does consignment offer?</h3>
For increased exposure to the buying market, it enables a seller (maker) to place products at wholesale and retail stores. Since their capital is not tied to inventory, it may serve as an incentive for wholesalers and retailers to keep items on hand.
learn more about consignment stores here <u>brainly.com/question/15577227</u>
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