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3 years ago

Which of the following statements is CORRECT?

Business

1 answer:

bogdanovich [222]3 years ago

4 0

Answer:

B) The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales

Explanation:

Forecasting can be regarded as initial step in process of financial planning.

It should be noted that The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales

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Costs of goods sold of a manufacturing represents the costs related to building a product that are expensed when it is sold. to

Anastasy [175]

There are 3 types of Inventory as below:

1) Raw Material Inventory

2)Work in Process Inventory

3)Finished Goods Inventory

Schedule for Work in Process Inventory is as below:

Beginning Balance of Work in Process...................................................................XXX

Direct Materials

Beginning Balance of Direct Materials................................XXX

Add: Purchase of Raw Materials...........................................XXX

Total Raw Materials Available...............................................XXX

Less: Ending Balance of Raw Materials..............................(XXX)

Raw Materials Consumed.....................................................................XXX

Direct Labour...........................................................................................XXX

Manufacturing Costs

Indirect Labour....................................XXX

Factory Repairs...................................XXX

Factory Utility......................................XXX

Total Manufacturing Overhead............................................................XXX

Total Manufacturing Costs....................................................................................XXX

Total Cost of Work in Process..............................................................................XXX

Less: Ending Balance of WIP................................................................................(XXX)

Cost of Goods Manufactured................................................................................XXX

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3 years ago

Bill Hickey is an employee of the Middleburg school district, and John Morgan is associated with that district as well. At meet

Ipatiy [6.2K]

Answer:

c. Bill is the superintendent of schools, and John is the chair of the school board

Explanation:

Bill is the superintendent of schools, and John is the chair of the school board

3 0

3 years ago

The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of

Oliga [24]

Answer:

The equivalent units of of materials in September = 62,400 units

Explanation:

Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work

Equivalent Units = Degree of work completed (%) × inventory units

Items units workings Equivalent units

Completed unit 58,500 58,500× 100% = 58,500

Closing WIP 6,500 6,500 × 3/5 = 3,900

Total equivalent units of materials 62,400.

The equivalent units of of materials in September = 62,400 units

5 0

3 years ago

Last week john got a call from his contact eric at alpine telecomm in switzerland, one of his company's largest international cu

Mamont248 [21]

What John’s company should prepare to demonstrate is the best practices that they are engaging in managing how it impacts the environment as this is a way of complying or keep up with the top management request and when they undergo with the review.

7 0

3 years ago

Heidi, Sergei, Shou-Ju, and Jesus form a general partnership to operate a sporting equipment store. After their first store is

denpristay [2]

Answer: D. Heidi's share of profits is split among the remaining 3 partners.

Explanation: A general partnership is a form of business arrangement by which two or more individuals agree create a business, sharing in all assets, profits, and financial and legal liabilities. However, unless there is a signed written agreement between partners when starting the business, with a clause setting out what would happen on the occurrence of death, the general partnership dissolves after the death of a partner. If the partnership terminates, then the assets and outstanding liabilities are all sold and the proceeds are divided equally among the partners. Therefore, Heidi's share of profits is split among the remaining 3 partners.

8 0

2 years ago