Answer:
The correct answer is A. Define.
Explanation:
The flowchart (flowchart) is a tool used to represent the sequence and interaction of process activities through graphic symbols. The symbols provide a better visualization of the operation of the process, helping in its understanding and making the description of the process more visual and intuitive.
In process management, the tool aims to guarantee quality and increase worker productivity. This happens because the documentation of the flow of activities makes it possible to make improvements and clarifies the workflow itself.
Answer:
Cost of goods sold= $816
Explanation:
Giving the following information:
Acme-Jones Corporation uses a weighted-average perpetual inventory system.
August 2: 24 units were purchased at $23 per unit.
August 18: 40 units were purchased at $25 per unit.
On August 29: 34 units were sold.
Weighted-average= (23 + 25)/2= $24
Cost of goods sold= 34*24= $816
Answer:
D. Adopt specific accounting and reporting procedures to represent the firm's activities more accurately.
Explanation:
GAAP in accounting means Generally accepted accounting principle. It is a uniform collection of accounting rules and standards for reporting financial accounting for organizations
The main reason or purpose of GAAP is to ensure that there is transparency and consistency in the reporting of financial details from one organization to another. The aim is to also help firms record their financial activities accurately by adopting specific accounting and reporting procedures as stipulated by GAAP.