Calculation needed to assess the component pieces of the operating section using the direct approach for the amount collected for sales is
Total potential cash - Ending accounts receivable balance.
Cash that is produced by a company's regular operating procedures is known as operating cash flow. Investors place a high value on a company's capacity to continually produce positive cash flows from its ongoing business operations.
The purpose of drawing up a cash flow statement is to see a company's sources and uses of cash over a specified time period.
You should first subtract any receivables that you are aware are unlikely to be collected before calculating cash collections from accounts receivable. This will leave you with your projected collectible accounts receivable.
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Answer:
Business Process Re-engineering is business philosophy that seeks to improve product by eliminating causes of product defects and making quality an all-encompassing organizational watchword.
Hence A is correct
Explanation:
It is an holistic approach to rearranging business and organisation's workflows with a view to identifying sub-optimization and inefficiencies that are deep-rooted in its processes which are cost-consuming but do not add value to business bottom-line(profitability).
Implementing a BPR project is a painstaking effort in that it is a way of telling employees to dump old ways of doing of things which they are probably more comfortable with and embrace change.This is the case as an average human tends to resist change.
Answer:
The correct answer is B)$3600 U.
Explanation:
The labor quantity variance is difference between actual hours consumed to produce the product and standard hour that should be taken to produce the product. The detail calculation are given below.
labor quantity variance= Standard rate (Standard quantity - actual quantity)
= 18 (4,000-4,200)
= $ 3,600 un-favorable
Labor quantity variance is un-favorable. Which means more labor cost due to more labor hour comsumed.
Answer:
The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position. ... The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position.
Answer: Inventories and cost of goods sold.
Explanation:
Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.
The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.
