The entry that would be recorded is a credit to sales of $4400.
How to solve for the journal entryWe have the amount that is sold for the merchandise as $4400
The sales tax is given as 9 percent
The account receivables can be solved by
4400 + 9 percent = $4796
The sales payable would have 4400 x 9 percent
= $396
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Over a given period of time, if imports are greater than exports, the result is Group of answer choices A trade war. A trade surplus. An embargo. A trade deficit.
trade deficit is the right answer.
A situation where one country buys more from another country than it sells to another: the amount of money that one country's imports exceed its exports.
Simply put, a trade deficit occurs when a country imports more than it exports. A trade deficit is neither good nor bad in itself, but a very large deficit can have a negative impact on the economy.
A trade deficit occurs when a country imports more than it exports. Countries with a trade deficit, also known as the negative trade balance, spend more money than they have earned in international trade with other countries in the world.
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When the Chili restaurant chain was in financial trouble, its CEO delegated the managers of each of the chain's restaurant to trim costs without sacrificing customer satisfaction. In other words, the individual restaurant managers were: Group of answer choices given hierarchical authority given job security given task leniency made accountable made pseudo-authority figures
The restaurant managers were (1) given hierarchical authority.
What is hierarchical authority?The power structure and authority that grows as one moves up the hierarchy. The person at the top is the most powerful and has the final say.In a typical family system, for example, the parents hold the most authority, followed by the children, and finally by the pets.What is delegation?The transfer of responsibility for specific duties from one person to another is referred to as delegation. Delegation occurs in management when a manager assigns particular duties to their employees.Delegation is the delegation of authority to another person to do certain tasks. It is the practice of delegating and entrusting work to another person, and as such, it is one of the fundamental ideas of management leadership.As we can know that delegation is the transfer of responsibility from a superior to subordinates.
Therefore, The restaurant managers were (1) given hierarchical authority.
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Correct question:
When the Chili restaurant chain was in financial trouble, its CEO delegated the managers of each of the chain's restaurants to trim costs without sacrificing customer satisfaction. In other words, the individual restaurant managers were:
Given hierarchical authority given job security given task leniency made accountable made pseudo-authority figuresWhen the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.
When the price of hot dogs decreases, Hot dog consumption increases, and the price drops. This is further explained below.
What is Price elasticity?Generally, a method for determining how much of an impact a change in either supply or pricing has on demand.
In conclusion, Hot dog consumption increases as the price drops. More hot dog buns are needed at the hot dog factory. As a result, there is a greater need for hot dog buns. The cost and availability of hot dog buns will rise as a result.
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The readings for this week discuss different aspects of the alignment between IT and the rest of the organization. How important is IT-Business alignment? What do you think are effective ways to achieve IT-Business alignment? Why is IT-Business Alignment so difficult?
IT-Business alignment is important because it makes for:
Speed, Accuracy, and ResponsivenessTo achieve IT-Business alignment, the staff should be educated on the latest trends in IT. If possible, they should also be taught the best practices.IT-Business Alignment is difficult because of people's unwillingness to learn and incorperate the best practices in business and technology. What is IT-Business Alignment?IT-Business alignment refers to the synergy between information technology and business. Since the world is moving towards a technology-based society, responsive businesses are also incorperating this facet of life.
IT-Business alignment will help businesses to be more responsive.
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Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Securities and Exchange Commission (SEC) will pay _____ percent of the amount the government recovers from financial fraud if the whistleblower provides original information leading to a recovery of more than a million dollars. Group of answer choices
The Securities and Exchange Commission (SEC) will pay 5 to 8 percent of the amount.
What is Dodd-Frank Wall Street Reform and Consumer Protection Act ?In reaction to the financial crisis of 2007–2008, the Dodd–Frank Wall Street Reform and Consumer Protection Act was developed. The legislation, which is named for its supporters Sen. Christopher J. Dodd (D-Conn.) and Rep. Barney Frank (D-Mass. ), contains a number of provisions that are detailed throughout 848 pages and were intended to be implemented over a number of years. A significant piece of financial reform legislation known as the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010 by the Obama administration. The Dodd-Frank Wall Street Reform and Consumer Protection Act, more often known as the "Dodd-Frank Act," created a number of new government organizations tasked with monitoring the law's many provisions and, consequently, various facets of the financial system.Know more about Dodd-Frank Wall Street Reform and Consumer Protection Act with the help of the given link:
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Nissan sets the suggested price of an automobile at $19,999, rather than $20,000. This type of pricing is extremely common for consumer goods. This is an example of _______. a. psychological pricing or odd-even pricing b. one-part pricing c. price lining d. price skimming
A) Psychological pricing.
How does psychological pricing work?The technique of putting prices just below a whole number is known as psychological pricing. The theory behind this approach is that since customers don't round up these prices, they will perceive them as being lower than they actually are. Customers typically ignore the last few digits of a price because they process prices from the leftmost to the right. When the fractional portion of a price is displayed in a smaller font than the rest of the price, this impact seems to be amplified. Setting the price of an automobile at $19,999 rather than $20,000 is an example of psychological pricing. Pricing of this kind is very typical for consumer goods.
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Structural unemployment is caused by: Group of answer choices people losing a job when their skills become obsolete due to technological innovations. people quitting a job just long enough to look for and find another one. a general downturn in the economy. people over 65 who don't really want to work.
Structural unemployment is caused by people losing a job when their skills become obsolete due to technological innovations.
People who wish to work but are unable to obtain job are said to be experiencing structural unemployment. The abilities of the workers and the talents that businesses required do not match in structural unemployment.Because the abilities of the workforce won't change despite advances in technology, if technological breakthroughs improve, there will be structural unemployment.As a result of their inability to keep up with modern technology, they are losing their jobs.What is Structural unemployment?A mismatch between the skills of the jobless and the jobs that are available is referred to as structural unemployment. It differs from cyclical unemployment in that it results from factors other than the business cycle. 1 It happens when an underlying economic shift makes it challenging for some people to find work. It is more difficult to reverse than other forms of unemployment.
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Which country's low scores on the cultural dimensions of future orientation and performance orientation indicate that it may struggle to transition from a centrally planned economy to free-market capitalism
The country is Russia.
Cultures with a low future orientation (or present-oriented cultures) value spontaneity and living in the moment. They are less concerned about the future and frequently ignore the required planning and sacrifices to achieve future goals. They frequently utilize strong, rigid language.
The degree to which innovation, high standards, and outstanding performance are fostered and rewarded is referred to as performance orientation. Countries with a strong performance orientation priorities materialism and competition, and they plan to spend in training to boost performance. Performance orientations are high in the United States and Europe, whereas they are low in Argentina, Russia, and Greece.
Therefore, the answer is Russia.
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While in the short run an economic profit is more likely in an unregulated monopoly, ___________ may group competing resources and create a new power base to challenge the existing monopoly.
While in the short run an economic profit is more likely in an unregulated monopoly, any of the above may group competing resources and create a new power base to challenge the existing monopoly.
Unregulated monopolies have market power and can affect prices. Examples: Microsoft and Windows, DeBeers and Diamonds, and local natural gas companies. Individual restaurants and other products that enjoy "brand loyalty" in a highly competitive market choose prices and production in the same way as monopolies.
Unregulated monopoly: Standard calculations show that an unregulated monopoly produces y = 80 and the price is p = 60. AR (y) = (200y) / 2. y = 150 or 10. Therefore, there are two outputs, AC = AR: 10 and 150.
An unregulated monopoly provider is probably inefficient when it comes to allocations, as the price of a monopoly is higher than the MC. In a highly competitive market, prices will be lower and more consumers will benefit from purchasing goods. Monopoly leads to a loss of surplus welfare for consumers and producers.
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The U.S. produces strawberries in Oregon, but also imports strawberries from Chile. The production costs are lower for strawberries from Chile. Instead of a free trade environment in the U.S., the U.S. government has imposed a value quota. What will the quota on strawberries from Chile do to the U.S. market
The quota on strawberries from Chile to the U.S. market will lower the price of strawberries in the U.S., and increase the number of strawberries sold in the U.S.
What is production?Production is the process of mixing several material and immaterial inputs to create something for consumption. It is the act of producing output, such as a good or service, that has value and contributes to people's utility.Value quota on strawberries:A product's pricing includes both the quantity and the price per unit. The value quota is $1 if five apples are priced at 20 cents apiece.Reduce the price of strawberries in the United States while increasing the number of strawberries sold in the United States.Therefore, Lower the price of strawberries in the U.S., and increase the number of strawberries sold in the U.S.
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Sole proprietorships characteristically are:_____________. easy to discontinue. fairly complex to create subject to special legal restrictions expensive to create
Sole proprietorships characteristically are easy to discontinue.
A sole owner is a person who owns an unincorporated commercial enterprise by means of himself or herself. however, if you are the only member of a domestic constrained legal responsibility organization (LLC), you aren't a sole owner in case you decide on to treat the LLC as a business enterprise.
A sole proprietorship additionally referred to as a sole tradership, character entrepreneurship, or proprietorship is a type of company owned and run by way of one person and wherein there's no prison distinction between the owner and the business entity. A sole dealer does no longer necessarily work on my own and may appoint other human beings.
Examples of sole proprietors encompass small businesses including, a local grocery shop, a neighborhood garments store, an artist, freelance creator, IT consultant, freelance photograph dressmaker, and so on.
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Assume that interest rate parity holds, and the euro's interest rate is 9% while the U.S. interest rate is 12%. Then the euro's interest rate increases to 11% while the U.S. interest rate remains the same. As a result of the increase in the interest rate on euros, the euro's forward ____ will ____ in order to maintain interest rate parity.
As a result of the increase in the interest rate on euros, the euro's forward PREMIUM will DECREASE in order to maintain interest rate parity.
The rate at which a bank or other financial institution agrees to swap one currency for another at a certain future date is known as the forward exchange rate. The circumstance where the forward exchange rate is greater than the actual exchange rate is represented by the forward premium.
Since the interest rate on the euro will rise by 2% in this situation, the premium will likewise decline (along with future expected value), keeping the interest rate parity constant.
What is interest parity rate?According to the Interest Rate Parity theory, the difference between two currencies' spot and future exchange rates is equivalent to the difference between their respective interest rates.
What is spot exchange rate?The spot exchange rate is the rate at which two currencies are being traded at the moment on the forex market. You can get this exchange rate from financial institutions like banks.
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Given an anticipated inflation premium of 1. 35% and a nominal rate of interest of 5. 40%, what is the real interest rate? round your answer to 4 decimal places.
Answer:
6.9
Explanation:
you will mutiple the inflation by the interest rate
Naomi manages the selling organization for Navitol, a national distributor for industrial building supplies and roofing materials. Naomi instructs her sales representatives that their goal is to generate at least a 45 percent margin on all of the industrial building supplies and roofing materials they sell in order for her to achieve a 20% return on controllable investment (primarily inventory). Naomi is using a ________ pricing strategy.
Naomi is to generate at least 45% margin on all of the industrial building supplies and roofing materials they sell in order for her to achieve a 20% return on controllable investment (primarily inventory). Naomi is using a "target return pricing" strategy.
What is target return pricing?A pricing technique that involves using a formula to determine the price that must be set for a product in order to provide the desired profit or rate of return on investment, presuming that a specific quantity of the product is sold.
The advantages of target return pricing are-
It is a dynamic form of pricing that considers and reacts to supply and demand elements in the market when calculating the selling price. By lowering expenses due to the predetermined selling price, it increases corporate profitability.Calculate the target cost of a new product using following methods-
Examine the market environment.Establish the desired pricing for the product.Decide on your desired profit margin.Determine the desired price.To know more about return on investment (ROI),
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Does receiving $10 increase the Owner's Equity?
When we recieve $10 in the course of doing business, it will increase the Owner's Equity.
How does owner's equity increase?Owner's equity will increase when the owners of the business invest more money into it.
Equity will also increase when revenue increases. As the $10 which was received will be treated as revenue, the owner's equity will increase.
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________ are the most important monetary policy tool because they are the primary determinant of changes in the ________, the main source of fluctuati
The open market operation base is the most important monetary policy tool because they are the primary determinant of changes in the monetary base and the main source of fluctuations in the money supply.
What is an Open market operation base?The Federal Reserve's practice of purchasing and selling U.S. Treasury securities, as well as other securities, on the open market in order to control the amount of money held in reserve by U.S. banks is known as open market operations (OMO). To raise the amount of money in circulation and to lower long-term interest rates, the Fed buys Treasury securities and sells them.OMOs aim to influence short-term interest rates and other interest rates by adjusting the level of reserve balances. By purchasing or offering to sell government bonds to or from commercial banks, the Federal Reserve conducts open market operations to reach the desired target federal funds rate.To learn more about the Open market operation base refer to:
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Beau, a fashion design company, organizes an online contest. Participants are asked to design women's apparel to be posted on a social media website where its members can vote and provide feedback. Based on those votes, Beau will announce the winner and offer that individual a job at its firm. In this scenario, Beau is involved in _____.
In this scenario, Beau is involved in crowdsourcing.
What is crowdsourcing?Crowdsourcing unites groups of people behind a single project or cause.a speedy method of tackling issues that take a lot of timedeeper involvement of communities that connect and foster adherence to the product or solution.What are the different types of crowdsourcing?Through crowdsourcing, communities can unite around a single project or cause.Effective method for resolving issues that require a lot of timemore community involvement, which resonates and fosters adherence to the product or solutionWhat are the advantages and disadvantages of multiple sourcing?Sharing information can be risky and is not always simple.Less order volume reduces bargaining power, and supplier competition might not be strong enough to produce the same cost savings as volume leverage.The greater the stake your suppliers have in your company, the less responsive they will be in an emergency.Learn more about Crowdsourcing at:
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Conceptual skills refer to the ability to deal effectively with other people, both inside and outside the organization. True or false?.
The given statement is False.
Conceptual abilities seek advice from the potential to deal effectively with different people, each outside and inside the corporation. The ability to see the massive image is at the coronary heart of a supervisor's interpersonal abilities. The capability to jot down and speak efficiently within a company is an instance of interpersonal abilities.
Conceptual competencies consist of the capability to view the organization as a whole, recognize how the various parts are interdependent, and examine how the business enterprise relates to its outside environment. these capabilities allow managers to evaluate conditions and develop alternative courses of action.
those capabilities are critical in the place of the job due to the fact they allow experts to suppose and work through abstract ideas and provide you with multiple answers to complex problems. Conceptual capabilities additionally allow humans to understand how diverse elements of an organization work together to reach common desires.
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A drug company that makes pain relief medication with an advertising slogan, "targeted relief for pain," is using which type of segmentation strategy that directly focuses on a specific consumer problem?.
A drug company that makes pain relief medication with an advertising slogan, "targeted relief for pain," is using a social influence type of segmentation strategy that directly focuses on a specific consumer problem.
Consumer services include compounding, molding, and technology for most consumer products such as foods, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair care products, household cleaners, paints, plastics, metals, waxes, and coatings, minerals, and ceramics. Related to advice and testing.
Building materials and water, indoor air quality testing, non-medical forensic testing, and damage analysis. Includes services in various areas such as biology, chemistry, physics, engineering, and web-based services.
Web-based consumer services The evolution of the web has moved from information-centric to service-centric. All possible physical services today include web-enabled B2B, B2C, and C2C businesses such as retail, supply chain, customer care, banking, and auctions. Online bookings, online consultations, and online bill payments are now ordering web-based consumer services.
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Consider a family who borrows $250,000 to purchase a new home at a fixed interest rate of 8.5%. If inflation increases from 4% to 5.5%, how will this impact the real interest rate the family will be paying?
The home loan must be repaid at a real interest rate of 3%; (8.5%-5.5%=3%).
Real interest rateA real interest rate is adjusted to remove the effects of inflation and gives the real rate of a bond or loan. A nominal interest rate refers to the interest rate before taking inflation into account.
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You are launching a new line of camping tents and are running ads across mobile web and in-app inventory. If your objective is to see purchases across both platforms, which report should you run?
The cross conversion report is run to see purchases across both platforms.
Cross-environment conversion statistics show how the advertising campaign performed across all platforms, including tablet, smartphone, and desktop; app, and internet, regardless of device or environment in which a person converted.
Cross-environment reporting identifies a person across many contexts by using cookies, resettable device IDs, and aggregated sign in data. This enables search engine to follow the user's journey from first seeing an ad until conversion. There is no trace of the single user.
As a result, run the Cross-device conversions report.
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An organization is considering the adoption of flexible budgeting. What advantage will this type of budgeting provide to the organization
The advantage that will be provided to the organization is flexible budgeting allows for adjustments throughout the year based on volume. Flexible budgets do not necessarily involve longer budget cycles or more participation by staff. Flexible budgeting has no effect on reimbursement policies.
A flexible budget is a budget that adapts to the activity and quantity of a company. Unlike static budgets, which do not change from the amount set when the budget was created, flexible budgets continue to be "flexible" as a company's costs fluctuate.
No matter what happens to the business environment, the numbers do not change throughout the year. Flexible budgets, on the other hand, are a set of budgets created for different levels of activity, income, and expenses.
A flexible budget is adjusted based on changes in actual income and other activities. The result is a budget that is fairly closely matched to the actual result. This approach differs from the more general static budget, which includes only fixed spending that does not change with actual income.
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which customer service attitude requires accepting mistakes, helping the customer, and finding a solution, even if you did not make the mistake
Admitting mistakes is the customer service attitude that requires accepting mistakes, helping the customer, and finding a solution, even if you did not make the mistake.
What is the function of customer service ?The customer service are those that attend to the requirement of the customers.
They help in accepting mistakes, helping the customer, and finding a solution, even if you did not make the mistake.
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A ____________________ is a strategy of increasing market share for present products in existing markets.
As a strategy, market penetration is used when the business seeks to increase sales growth of its existing products or services to its existing markets in order to gain a higher market share.
An experienced accountant can balance the books twice as fast as a new accountant. Working together it takes the accountants 10 hours. How long would it take the experienced accountant working alone
15 hr time for an experienced accountant to do the job and 30 hr time for the new accountant to do the job.
Exp accountant DATA:
Time = x hr/job ; Rate = 1/x job/hr
New accountant DATA:
Time = 2x hr/job ; Rate = 1/2x job/hr.
Together DATA:
time = 10 hr/job ; Rate = 1/10 job/hr.
EQUATION:
rate + rate = rate together
1/x + 1/2x = 1/10
3x/2x^2 = 1/10
30x=2x^2
x=15 hr (time for an experienced accountant to do the job)
2x=30 hr (time for the new accountant to do the job)
15 hr time for an experienced accountant to do the job and 30 hr time for the new accountant to do the job.
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People tend to Question content area bottom Part 1 A. look at the entire situation when analyzing an individual security. B. be underconfident in their judgment of investments. C. overestimate the effects of random chance. D. ignore information that contradicts their current beliefs.
People tend to Question content area bottom Part (D) ignore information that contradicts their current beliefs.
I contend that confirmation bias is crucial because it enables people to hold onto their social ideas (such as characteristic attributions) even when the data doesn't yet support them.The psychology term "confirmation bias" describes the propensity of people to exclusively look for evidence that validates their own beliefs. As a result, you become biased in favor of your initial viewpoint because you will only ever find evidence to support your original viewpoint if you only look for it.What are the 3 types of bias?Information bias, selection bias, and confounding are the three categories of bias that can be distinguished. Various examples are used to discuss these three different types of prejudice as well as possible solutions.
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Mrs. Arnold is spending all her money income by buying bottles of soda and bags of pretzels in such amounts that the marginal utility of the last bottle is 60 utils and the marginal utility of the last bag is 30 utils. The prices of soda and pretzels are $0.60 per bottle and $0.40 per bag, respectively. It can be concluded that
Mrs. Arnold should spend more on soda and less on pretzels.
What is diminishing marginal utility?Reduced marginal utility the idea that a person's utility decreases as they accumulate more of something over time. As consumption increases, satisfaction declines.Which of the following is correct if marginal utility is diminishing?Total utility will rise if marginal utility is decreasing and is positive.What is marginal utility?Insignificant Utility the difference in overall utility brought on by consuming one more unit of a particular commodity.What is diminishing marginal utility example?The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value. For instance, three sweet bites are preferable to two, but the twentieth bite does not significantly improve the experience past the nineteenth (and could even make it worse).Learn more about marginal utility here:
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In a period of rising prices, the inventory method which tends to give the highest reported net income is?
In a period of rising prices, the inventory method which tends to give the highest reported net income is FIFO (First In First Out ).
The FIFO method is used for the purpose of assuming cost flow. In manufacturing, the costs associated with this product must be incurred when the item moves to a later stage of development and the finished inventory item are sold.
The FIFO assumes that the cost of the first purchased inventory is recognized first. This process removes inventory from company ownership, reducing the dollar value of total inventory. Inventory-related costs can be calculated in a variety of ways. One of them is the FIFO method.
Typical economic conditions include inflationary markets and rising prices. In this situation, if the FIFO allocates the oldest cost to the cost of goods sold, in theory, the price of that oldest cost will be lower than the latest inventory purchased at the current soaring price.
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Nico's net take-home pay per month is $2,100. What is the maximum dollar amount of debt payments, excluding a home mortgage, he should have
The answer here is $420 that should be with Nico.
According to experts, one shouldn't pay more than 20% of net income (i.e., after-tax) toward debt. So, 20% of $2100 is $420. So, the maximum dollar amount of debt payments he should have is $420.
Anything owing by one party to another is a debt. Debt may be secured by real estate, cash, services, or another kind of payment. Debt in the context of finance is more specifically defined as funds obtained via the issuing of bonds. An arrangement wherein one person loans money to another is known as a loan, which is a type of debt.
Therefore he should have $420 to pay off his debt.
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The objective of a(n) system is to provide information about the cost of goods and services sold by the firm and the processes used to produce the goods and services. (Enter only one word per blank.)
the correct answer to be written in the blank is cost management system
cost management system-
Cost control structures are actually the techniques used to assess the effects of selections made due to cost control strategies. Costing structures have 3 number one goals:
offer price statistics for strategic decision making,to offer cost data for operational management, and to measure stock price and price of goods.To control cost with the aid of using the numerous strategies which includes budgetary control, standard costing and stock management.To become aware of costing profit.those are a few of the principle objectives.
There are two primary cost management structures:
- conventional or traditional structures and
- activity based costing
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