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topjm [15]
3 years ago
15

A flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather j

ackets is more likely to use job-order costing than process costing. Group startsTrue or False
Business
1 answer:
timofeeve [1]3 years ago
8 0

Answer:

It is TRUE that a flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather jackets is more likely to use job-order costing than a process costing.

Explanation:

This is because typically, a Job-order costing process is best suited for a production system whereby there are several different products or services and. And these products are tailored to individual consumers or customer specifications.

On the other hand, process costing is a form of cost that is best suited for manufacturing homogenous products and can be produced massively. Hence, flour manufacturer in the uses Process costing while customized leather Jacket producers would opt for Job order costing process

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What are the board directors in charge of
Mama L [17]

Answer:

The board of directors is elected to represent shareholders' interests

Explanation:

Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation. hope this helps you :)

7 0
3 years ago
In a bottom-up approach, managers should have a ________ level of controllability and a ________ level of involvement in budget
xeze [42]

In a bottom-up approach, managers should have a high level of controllability and a high level of involvement in budget setting.

<h3>What is a bottom-up budget approach?</h3>
  • Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up.
  • Each department within the organization must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections.

<h3>What is top-down and bottom-up budgeting?</h3>
  • Departments must create budgets in top-down planning while adhering to the limitations imposed by senior leadership.
  • Departments produce their own budget estimates and submit them to top leadership in a bottom-up budget.
  • The two strategies are the two types of budgeting that are most frequently used.

<h3>What is bottom-up approach in accounting?</h3>
  • Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue.
  • This strategy begins with thorough customer or product data before expanding to revenue.

Learn more about bottom-up approach here:

brainly.com/question/19672423

#SPJ4

5 0
2 years ago
You borrow $12,600 to buy a car. The terms of the loan call for monthly payments for five years at an interest rate of 4.65 perc
UkoKoshka [18]

Answer:

$627

Explanation:

To find the answer, we use the present value of an annuity formula:

P = A[1-(1+i)^{-n} /i]

Where:

  • P = Present value of the investment
  • A = Value of the annuiry
  • i = interest rate
  • n = number of compounding periods

Now, we plug the amounts into the formula:

12,600 = A[1-(1+0.0465)^{-60} /0.0465\\]

12,600 = A (20.09870355)

A = 12,600/20.09870355

A = 627

Thus, the value of the monthly payments is $627

4 0
3 years ago
Which of the following real estate investments involves purchasing real estate and selling it for profit within a short period o
coldgirl [10]

Answer:

b

Explanation:

when you flip you buy at a low price, fix it up then sell at a higher price for profit. usually in less than 6 months

5 0
3 years ago
Read 2 more answers
Which type of corporate information is readily available to investors? a. Financial comparison of operating alternatives b. Mark
Gnom [1K]

Answer:

The correct answer is  c. Amount of net income retained in the business.

Explanation:

In any administration of a company, financial information is important and necessary as it is the basis for a good decision, so that the decision taken is sufficient and timely for executives. Financial management is the information that accounting accounts because it is essential for the decision making of the company.

The financial analysis aims to obtain conclusions about the future of the development of the company's activity, on which it is based on all the information presented in the financial statement and requires an analytical ability.

The need for this information ensures that the financial statements are made, since with the financial statements, the financial situation, results of operations and changes in the company's situation are expressed.

The importance of the financial information of a company, formulates the conclusions and information of the entity, of how it is. With this information in general, the future of the company can be evaluated and decisions made, with which the company benefits.

5 0
3 years ago
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