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Sliva [168]
3 years ago
11

If a firm is following the cost leadership strategy, and overhead accounts are complex, then the: Firm should attempt to collect

only material and labor costs. Firm should use a process costing system. Firm can use either a project or job costing system. Traditional volume-based job costing will not usually provide the needed cost accuracy. Only recourse is to install a hybrid costing system.
Business
1 answer:
Sonja [21]3 years ago
8 0

Answer:

Traditional volume-based job costing will not usually provide the needed cost accuracy.

Explanation:

Cost leadership strategy basically means that the company will try to sell its products and services at the lowest possible price. This should increase total sales volume, but in order to be profitable, the production and operational costs must be very low. Actually, the company needs to continuously find ways to keep their costs under control or decrease them if possible.

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Economists use the term inflation to describe a situation in which a. some prices are rising faster than others. b. the economy'
Fofino [41]

Answer:

b

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.

Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.

6 0
2 years ago
Discuss the corporate control of your business. Explain why your business in Mexico is exposed to agency problems
Wittaler [7]

Answer:

Corporate Control and Agency Problems

For  instance, Mr. Jones has a business in Mexico and hires professional managers, but he cannot be there to control their actions always.  There are lots of agency problems because of the conflict of interests that is prevalent and the inexistence of goal congruence.

His corporate managers are his agents, as the stockholder.  However, most times, these managers do not run the businesses they are entrusted with fiduciary duties in the best interests of  Mr. Jones or the principals who appointed them to the positions.  They carry out their own agendas and try to satisfy their selfish interests.

Explanation:

Is there any wonder Mr. Jones' business in Mexico is exposed to agency problems?  The managers who are your agents will never, at all times, protect your interests in the business.  They try as much as possible to satisfy their own interests.  Where there is no goal congruence, managers will always expose their principals to agency problems.  To curtail these problems, Mr. Jones and the other stockholders must devise means to align the interests of the managers with those of the stockholders.  One of the ways of achieving this is through stock compensation and the limitation of compensation in cash.

5 0
2 years ago
Which of the following is not an example of a financial transaction
GREYUIT [131]

Answer:

Something that is not an example of a financial transaction is a man throwing a pack of gum at a giraffe. You did not give any options, so this is the only answer I can give you.

Explanation:

Hope this helps :)

7 0
3 years ago
Tootsie Roll Industries is engaged in the manufacture and sale of candy. Major products include Tootsie Roll, Tootsie Roll Pops,
kolezko [41]

Answer:

Matching the financial statement items to financial statement categories:

Financial Statement Items                          Financial statement

a. Notes payable to banks                             Liability (L)

b. General and administrative                       Expense (E)

c. Accounts payable                                       Liability (L)

d. Dividends payable                                      Liability (L)

e. Retained earnings                                       Shareholders' equity (SE

f. Cash and cash equivalents                        Asset (A)

g. Accounts receivable                                  Asset (A)

h. Provision for income taxes[1]                     Expense (E)

i. Cost of goods sold                                     Expense (E)

3 0
3 years ago
A company's Income Tax Payable account decreased from $14 million to $12 million during the year. If its income tax expense was
Flura [38]

Answer:

A cash outflow of $82 million is correct answer

Explanation:

Options:

A cash outflow of $12 million.

A cash outflow of $78 million.

A cash outflow of $80 million.

A cash outflow of $82 million.

(Hope this helps can I pls have brainlist (crown)

8 0
2 years ago
Read 2 more answers
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