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3 years ago

The sum of the explicit and implicit costs incurred in the production process is called

Business

1 answer:

agasfer [191]3 years ago

6 0

The sum of the explicit and implicit costs incurred in the production process is called total cost

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The intentional, deliberate misstatement, or omission of material facts or accounting data that is misleading and, when consider

maw [93]

Answer:

Financial statement fraud

Explanation:

Financial statement fraud - it is referred to as the alternations in financial statements that are induced by the company's itself The main reason behind alternation in the financial statements is due to the mislead people dealing with finance and developed the false picture of the company's financial information.

some ways through which financial statement fraud can be done are

- by making false entries

- altering the finance statement by changing the data value

- inducing false information

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3 years ago

The total poverty gap can also be defined as the: a. absolute number of people below the international poverty line. b. percenta

Lelechka [254]

Answer: The answer is " percentage of a country's total expenditure necessary to bring the population of the country who are living below the poverty line, up to the poverty line.

Explanation:

The total poverty gap can be defined as the index which measures the intensity of poverty. It is the average gap in the population as a proportion of the poverty line.

The gap defines the place which is required to bring the people upto poverty line. The total amount of income that is lagging in the population to reach the poverty line.

8 0

3 years ago

A goal of performance reporting in a lean accounting system is Select one: A. to show which producing departments are using appr

IrinaK [193]

Answer: B. to provide information to managers for constant improvement in cost efficiency and quality.

Explanation: Lean accounting is the collection of principles and processes that provide numerical feedback for manufacturers implementing lean manufacturing and lean inventory practices.

The purpose of Lean Accounting is to provide vital operational and financial information in a way that motivates lean transformation and improvement.

4 0

3 years ago

Garth's Imports sold a car to Wally on credit for $30,000. Garth assigned to Cassandra all of his rights to receive money from W

Tcecarenko [31]

Answer:

A. Cassandra will not be able to collect the money from Wally

Explanation:

8 0

4 years ago

LO 4.3From beginning to end, place these items in the order of the flow of goods.

mafiozo [28]

Answer:

cost of goods sold
raw materials inventory
work in process inventory
finished goods inventory

Explanation:

solution

As manufacturing industry always keep the track of costs of each inventory as product is moving from the raw material inventory in to the work in process and by the work in process it goes into the the finished goods inventory

so order of the flow of goods from beginning to end is

cost of good sold
raw material inventory : it is the total cost of material that is use in production process
work in process inventory : work in process inventory is continually update work cost is record
finished good inventory : after each job work complete then product is transfer to finished goods inventory

3 0

3 years ago