It quickly sells a customer a latte. On March 4, 2017, a Vietnam-based facility of the American shoe manufacturer Athleticus creates a pair of sneakers.
What do you mean by a manufacturer?
A manufacturer is a person or business that creates finished things from raw materials using a variety of tools, equipment, and procedures, and then sells the products to consumers, wholesalers, distributors, retailers, or other manufacturers for the creation of more complicated goods. Any company that employs components or raw materials to produce completed things is considered a manufacturing business. The majority of the items we use are manufactured, including furniture, medical equipment, aircraft, and electrical devices.
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Carlos is planning a 1340-mile driving trip. His car gets an average of 32 mpg, and the cost of gas is about $3. 76/gallon. What is the approximate driving cost of the trip?.
Carlos' car gets an average of 32 miles/gallon, so if he wants to travel 1340 miles and if the cost of gas is $3.76, then the answer is:
1340/32 = 41.875 ⇒ 41.875* 3.76 = 157.45$ driving cost.
How are driving expenses calculated?The amount of gallons of gas you'll need for your trip can be calculated by multiplying the mileage of the entire trip by your miles per gallon. Your projected gas expenditure for your road trip will be determined by multiplying that amount by the current gas price.The significance of cost drivers by enhancing the overhead allocation to their products, cost drivers help managers better grasp the underlying costs of their operations. This makes it easier for management to assess the profitability of individual items.
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While performing the monthly bank reconciliation, the bookkeeper for Avon Company made the journal entry for a bank service charge of $20. Which of the following correctly shows the effect of the entry on the financial statements?
Assets = Liab. + Equity Rev. - Expenses = Net Inc. Cash
A. NA NA NA NA NA NA (20) OA
B. (20) (20) NA NA NA NA (20) OA
C. (20) NA (20) (20) NA (20) (20) OA
D. (20) NA (20) NA 20 (20) (20) OA
Option A
Option B
Option C
Option D
Option (d) accurately depicts how the entry will affect the financial statements.
What variables could have an effect on the financial statement?A financial statement is impacted differently by each of the five main accounting components: assets, liabilities, owner's equity, revenues, and costs. How each component, however, affects a financial statement depends on whether the accounting system uses accrual basis accounting or cash basis accounting.
A balance sheet's impact on a transaction, every transaction has two outcomes on a balance sheet: one results in an increased asset and one results in a decreased liability. The balance sheet is always in balance as a result of these two impacts cancelling each other out.
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if a bond is issued with a call provision, it allows the issuer to blank part or all of the bond at defined prices and times.
Answer:repurchase
Explanation:
why do all managers and supervisor need the skill and knowledge of human resource management
The managers and supervisor need the skill and knowledge of human resource management because, by these skills, they can handle the people aspect of their roles.
What is management?As the word management defined as, In order to achieve in demand goals and objectives, someone or group of people must be contested and managed, according to the concept of administration.
As by having the skill and knowledge of human resource management, the managers and the supervisors can easily deal with the team they know their strength as well weakness.
Therefore, As a result, by having the skills they can work in effective manner.
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true/false. problem 3-1a (algo) determine accrual-basis and cash-basis revenues and expenses (lo3-1, 3-2) required: for each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period.
True. Finding the accrual-basis and cash-basis revenues and expenses for each transaction is required to solve the accounting algorithm problem 3-1a. This entails determining when revenue and expense recognition should occur and recording transactions accordingly.
What is accrual-basis revenue?Regardless of when cash is received or paid, accrual-basis accounting records income and expenditures at the time they are earned or incurred. Contrarily, revenue and expenses are only recorded in cash-basis accounting when cash is received or paid.
The algorithm would have to decide whether revenue or expense should be recorded on an accrual basis or a cash basis for each transaction. There would also need to be a determination of the amount of revenue or expense recorded under each basis.
Overall, this necessitates a thorough comprehension of the distinctions between accrual-basis and cash-basis accounting as well as the capacity to apply these ideas to particular transactions.
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