Finance and accounting function has a great deal of interface with the operations function except finance and accounting can estimate standard cost of a proposed new product and services.
How does finance and operations work together?
Information from the finance department is crucial for a company's ongoing operations. On the other side, the operations division is in charge of monitoring how daily duties are carried out. The operations and finance departments may be combined in some organizations.
What is the role of finance in operation management?
In operations management, finance aids in the creation of a budget that enables the company to achieve its production objectives and can assist in the evaluation of alternative investment options to help the company make the best choice.
What is operation function?
Producing goods and providing services is the responsibility of the operation function. However, it requires help and input from other parts of the company. The paper's objective is to assess the key operations management functions based on global standards.
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Answer:
The statement that would prove that Zeke made a faulty decision is that Both an employee and a a former employee can raised a grievance
Explanation:
Based on the information given about Zeke who is the employer , Gavin the employee and the formal employee who was dismissed The statement that would prove that Zeke the employer made a faulty decision is that Both an employee and the former or ex employee can raised a grievance reason been that settling dispute due to Grievance at a place of work can only take place with a current employee and not a formal employee , ex employee or a dismissed employee.
Therefore resolving Grievance at a place of work often take place with an employee with in the work environment and not with a formal employee.
Answer:
Explanation:
Calculation of ending retained earnings balance after closing:
The balance in ending retained earnings after closing can be calculated as follows:
Balance in retained earnings account before closing $297,000
Add: Revenues $185,000
Less: Expenses $103,700
Less: Dividends $18,000
Ending retained earnings balance after closing = $360,300
Hence, The balance in ending retained earnings after closing is $360,300
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"I am looking for a management position in a non-profit organization where I can apply my administrative and problem-solving skills to help protect the environment and endangered animal species." C. Letter of interest
A letter of interest is also known as a letter of intent or a cover letter. This type of letting outlines what type of job you are looking for and the experience you have that correlates. A letter of interest is a more relaxed way to express your interest and skills compared with a resume. Most employees require both a cover letter and a resume when applying for a position.
Explanation:
Given that
Purchase value of a new machine = $2,500
Sales tax = $150
Shipping charges = $200
After one month, The cost of repair = $900
So for the tax purposes, the total value of machine i.e
= Purchase value of a new machine + Sales tax + shipping charges
= $2,500 + $150 + $200
= $2,850
This whole amount is capitalized and it would also deprecated over its useful life
Whereas the cost of the repair is an expense so it would be charged instantly.