Answer:
1. does not assume employees will self-report idle time.
2. overcomes some important limitations of ABC.
Explanation:
Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.
This ultimately implies that, TDABC gives entrepreneurs or employers all the necessary information on the actual cost of manufacturing, service delivery and other tasks associated with the business. Under the TDABC, the relationship between time and cost measurement is used to determine the cost price of goods and services.
Time-driven activity-based costing (TDABC) does not assume employees will self-report idle time but it overcomes some important limitations of activity-based costing (ABC) because it can be used by both the employees and their employers.
<em>Hence, the advantage of the TDABC method does not require employees to report idle time, checks the financial implications of aligning capacity with demands and is generally easy to update</em>.
Answer:
increase ; $30,500
Explanation:
The computation of the net cash increase or decrease is shown below:
= Debit balance in the cash account + total debit account balance - total credit account balance
= $20,500 + $45,000 - $35,000
= $30,500
Since the cash account has a debit balance and the total of debit balance is greater than the total of credit balance so there would be an increase in net cash
It would be D
because it depends on how much the bidder values the item.
Self-employment is an individual business or contract by a person. Some tips like a zero-based budgeting plan, no over-expenses, and saving can be used for budgeting.
<h3>What is budgeting?</h3>
Budgeting is the development of plans and strategies to save the funds and their employment in wise use. It can also be called a spending plan.
For a self-employed person to save money, they should use a zero-based budgeting strategy, not overspend in case of over-earning and save some amount of money every time by default.
Learn more about budgeting here:
brainly.com/question/15683430
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Answer:
The amount of net income (loss) that will be reported after the adjustments are recorded is $77,910
Explanation:
The computation of the adjusted net income is shown below:
= Unadjusted net income balance - salaries unpaid + interest earned - expired prepaid insurance + unearned revenue
= $77,750 - $810 + $770 - $570 + $770
= $77,910
As it includes two expenses and two incomes so we adjust it accordingly as in the income statement, the total revenues and the total expenses are recorded.