Sunspot Beverages, Ltd., of Fiji makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June. (The currency in Fiji is the Fijian dollar.)
Assume that the company uses the weighted-average method.
(d) Prepare a cost reconciliation report for the Blending Department for June.
Answers
In process costing the unit product cost cannot be calculated using the total cost of a batch because the process is continuous. The equivalent units of production and the total cost of the period are therefore used to calculate the unit product cost.
What is weighted average method?
The weighted average takes into consideration the relative significance or recurrence of a few variables in a information set. A weighted average is in some cases more precise than a straightforward average. In a weighted average, each information point esteem is increased by the doled out weight which is at that point summed and separated by the number of information points. For this reason, a weighted average can progress the data's accuracy. Stock financial specialists utilize a weighted average to track the fetched premise of offers bought at changing times.To know more about weighted average method visit:
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Related Questions
What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
An unsecured loan...
typically has lower interest rates than a secured loan
is less difficult to qualify for than a secured loan
is connected to collateral, which can be taken by the lender if the loan is not paid
is not connected to collateral and, therefore, a higher risk for lenders
Answers
Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer:
D
Explanation:
took the test
Customers are _________________ to expect low prices when they come in.
Answers
Customers are more likely to except low prices.
Why do customers prefer Low Prices?
A service or product can enter the market more easily and draw customers away from rivals by offering a lower price. Pricing for market penetration focuses on the tactic of utilizing initially cheap prices to make a large customer base aware of the a new product.
The majority of customers favor shops that consistently appear to offer lower pricing than the competitors. Examples are Walmart and Costco for consistently low costs.
Lower Prices saves Consumer's time
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Help
Select the correct answer.
A farmer uses one pound of fertilizer to grow crops on his land. He decides to increase the amount of fertilizer added to the soil to three pounds to obtain a greater yield. The size of the garden and the amounts of seeds, water, and sunlight remain the same. The farmer keeps increasing the amount of fertilizer (to four, five, and six pounds, etc.), and continues to gain higher yields. However, since the other factors of production remain constant, the increase in crop yield is lower than the increase in a single factor of production (fertilizer). What is the term for this phenomenon?
A.
economic order quantity (EOQ)
B.
law of diminishing returns
C.
economy of scale
D.
labor productivity
E.
production control
Answers
Answer:
E
Explanation:
it most likely is production control
When you walk into an American Red Cross office, you expect to receive some type of emergency assistance. You developed your expectations based on the ______ of the American Red Cross.
A) mind-set
B) brand image
C) public relations
D) crisis communication
Answers
The correct answer is B) brand image. When you walk into an American Red Cross office, your expectations of receiving emergency assistance are based on the brand image of the organization.
Brand image refers to the perception, beliefs, and expectations that people have about a particular brand or organization. The American Red Cross has built a strong brand image over time as a provider of emergency assistance and disaster relief. This positive brand image influences your expectations when entering their office, as you anticipate receiving the type of emergency assistance that the organization is known for providing.
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a utility-maximizing consumer will always choose to:
Answers
A utility-maximizing consumer will always choose to consume all of the good that provides the highest utility per unit.
When a consumer aims to maximize utility, they seek to achieve the highest level of satisfaction or well-being from their consumption choices. Utility is a measure of the satisfaction or benefit derived from consuming a good or service.
To maximize utility, the consumer will allocate their resources, such as income or budget, in a way that allows them to obtain the most satisfaction. This means that the consumer will strive to consume all of the good that provides the highest utility per unit, as this will contribute the most to their overall satisfaction.
In other words, the consumer will prioritize consuming the good that gives them the highest marginal utility. Marginal utility refers to the additional utility or satisfaction gained from consuming an additional unit of a good. The consumer will continue consuming more of a good until the marginal utility derived from the last unit consumed equals the price or opportunity cost of that unit.
By making choices that maximize the utility per unit, the consumer is effectively allocating their resources in a way that maximizes their overall satisfaction or utility.
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Complete question:
A utility-maximizing consumer will always choose to:
Question options:
maximize marginal utility.
consume all of the good that provides the highest utility per unit.
minimize expenditures.
maximize total utility.
marie corporation's what are the net cash flows from investing activities that will be reported in the statement of cash flows? (enter net cash outflows with a minus sign.)
Answers
Your company's cash flow statement includes cash flow from investing operations, which is used to show investing activities and their effects on cash flow. For this activity, learn how to compute it.
Any transactions that have a direct impact on long-term assets are considered investments. This can involve buying a building, selling equipment, or purchasing stocks. an aa a an a's"" A company's cash flow from assets is reduced whenever a long-term asset is bought, whereas cash flow is increased when a long-term asset is sold. The following sections are present in all cash flow statements: Cash flow from operating operations . cash flow generated by investing. Flow of money from financial operations. The cash flow statement, in contrast to other financial statements, exclusively considers cash entering and leaving a corporation.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Problem 5-3 (Algo) A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $6,500 per month and variable cost of 64 cents per unit produced. Each item is sold to retailers at a price that averages 78 cents. (Round all answers to a whole number.) a. What volume per month is required in order to break even? b. What profit would be realized on a monthly volume of 67,000 units 82,000 units? c. What volume is needed to obtain a profit of $12,000 per month? b. What profit would be realized on a monthly volume of 67,000 units? 82,000 units? c. What volume is needed to obtain a profit of $12,000 per month? d. What volume is needed to provide a revenue of $18,000 per month?
Answers
a. To break even, the total revenue must equal the total cost. The fixed cost is $6,500 per month and the variable cost is 64 cents per unit produced. The selling price per unit is 78 cents. Let's denote the volume per month as x.
The total cost is the sum of fixed costs and variable costs:
Total cost = Fixed cost + (Variable cost per unit * Volume per month)
The total revenue is the selling price per unit multiplied by the volume per month:
Total revenue = Selling price per unit * Volume per month
To break even, the total revenue must equal the total cost:
Total revenue = Total cost
Substituting the given values, we have:
78x = 6,500 + 0.64x
Simplifying the equation, we get:
0.14x = 6,500
Dividing both sides by 0.14, we find:
x = 46,428.57
Therefore, a volume of approximately 46,429 units per month is required to break even.
b. To calculate the profit, we need to subtract the total cost from the total revenue. Let's consider a monthly volume of 67,000 units:
Total cost = Fixed cost + (Variable cost per unit * Volume per month)
Total cost = $6,500 + (0.64 * 67,000)
Total revenue = Selling price per unit * Volume per month
Total revenue = 0.78 * 67,000
Profit = Total revenue - Total cost
Profit = (0.78 * 67,000) - ($6,500 + (0.64 * 67,000))
Calculate the profit using the given formula. Repeat the same process for a monthly volume of 82,000 units.
c. To obtain a profit of $12,000 per month, we need to set up the equation as follows:
Profit = Total revenue - Total cost
$12,000 = (0.78 * Volume per month) - ($6,500 + (0.64 * Volume per month))
Rearrange the equation to solve for the volume per month. Substitute the given profit value to find the required volume.
d. To provide a revenue of $18,000 per month, we need to set up the equation as follows:
Total revenue = Selling price per unit * Volume per month
$18,000 = 0.78 * Volume per month
Solve the equation for the volume per month to determine the required volume.
Note: Remember to round all answers to a whole number as stated in the question.
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Students earn a certificate from a vocational school as opposed to a ____ from a college/university.
A.) degree
B.) scholarship
C.) honor
D.) grant
(please help :D)
Answers
Answer:
A.) degree
Explanation:
The degree certificate is the certification awarded after successful completion of a college/university education program. A university program takes a long time to accomplish as compared to a vocational school program. While vocational colleges award certificates, colleges, and universities award degrees.
1. During light phase of photosynthesis. Medien
is oxidised and MANA
is
reduced.
Answers
Explanation:
The light reaction takes place in thylakoid discs. There, water is oxidized and oxygen is released. The hydrogen is accepted by NADP and hence get reduced to NADPH 2When a fair coin is flipped, the probability of its landing heads (H) is 0. 50 and the probability of its landing tails (T) is also 0. 50. Make a list of all the possible arrangements for flipping a fair coin twice, using H for heads and T for tails. Find the probabilities of each arrangement
Answers
The possible arrangements are HH, HT, TH and TT. The probabilities are 0.25 or 25%.
Probability is the calculation of the possibility of an event happening or not happening. It is expressed between the values 0 and 1 where 0 is an impossible event and 1 is a certain event.
The possible arrangements for flipping a fair coin twice are:
HH (heads, heads)
HT (heads, tails)
TH (tails, heads)
TT (tails, tails)
The probability for each arrangement is:
Probability of HH (heads, heads):
\(P (HH) = P (H) * P (H) = 0.5 * 0.5 = 0.25\)
Probability of HT (heads, tails):
\(P (HT) = P (H) * P (T) = 0.5 * 0.5 = 0.25\)
Probability of TH (tails, heads)
\(P (TH) = P (T) * P (H) = 0.5 * 0.5 = 0.25\)
Probability of TT (tails, tails)
\(P (TT) = P (T) * P (T) = 0.5 * 0.5 = 0.25\)
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How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answers
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings? $600 per month for 1 year $350 per month for 2 years $225 per month for 3 years $200 per month for 4 years
Answers
Answer:
It be D: $200 per month for 4 years is the correct answer.
Explanation:
$9,000/200= 45 months = 4years
What are the job roles on offer in the picture?
Will be grateful for any replies, thanks!
Answers
Answer:developer and a program assistant
Explanation:
Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number
Answers
Answer: NOne of the above. Or C Place of employement
Explanation:
The personal information that does not consider is the place of employment.
The following things should be considered for personal information:
The number of social security.The date of birth.The credit card number.Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.
Therefore we can conclude that the personal information that does not consider is the place of employment.
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What is Word World?
September is National Courtesy Month. What is a synonym for courtesy?
Give two examples of how you show courtesy to other
Answers
here is some examples I hope it helps
According to o*net, what are common skills needed by recreation workers? select four options. active listening installation coordination repairing service orientation social perceptiveness
Answers
The following are common abilities required by recreation workers, according to the occupational information network (O*NET):
1. Active listening.
2. Critical analysis.
O*NET, which stands for occupational information network, is a free resource hub or online database that is periodically updated with a variety of occupational definitions to assist the following groups of people in understanding the current employment landscape in the United States of America:
Students
experts in workforce development
company businesses
Managers of human resources (HR)
Job seekers
Helpers-Production The task of loading and unloading goods from conveyors, conveyances, and equipment falls on workers. They also turn on the tools and machinery used in a manufacturing facility.
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You loan a friend $1000 and at the end of 1 year she writes you a check for $1000 to pay off this loan. If the annual interest rate on your savings account is 10%, what was your opportunity cost of making this loan?
A. $1100 B. $100 C. $900 D. none of the above
Answers
The opportunity cost of making the loan is the interest that could have been earned on the $1000 if it had been left in the savings account instead of being loaned to the friend. In this case, the opportunity cost would be $100, calculated as $1000 * 10%.
the opportunity cost of making the loan is the interest that could have been earned if the money was invested in a savings account or other investment vehicle that earned interest. It represents the foregone opportunity to earn a return on the funds loaned.Determine the interest rate: The annual interest rate on the savings account is 10%.Calculate the interest earned: Multiply the interest rate by the amount loaned to determine the amount of interest that could have been earned. In this case, 10% * $1000 = $100.Determine the opportunity cost: The opportunity cost of making the loan is the interest that could have been earned if the money was invested in a savings account or other investment vehicle that earned interest. In this case, the opportunity cost is $100.Consider the time value of money: The opportunity cost of making the loan should also consider the time value of money, which means that the value of money decreases over time due to inflation and other factors.Calculate the net opportunity cost: The net opportunity cost of making the loan would be the difference between the potential interest earned and the actual return from the loan, considering the time value of money and any other relevant factors.To know more about the opportunity cost:
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At Ancestry, even in a job as seemingly specialized as that of genealogist, the component parts of the job are quite varied. If Ancestry asked you to advise the company on restructuring job design, how would you explain a recommendation for further specialization?
The workers in highly specialized jobs tend to report higher levels of job satisfaction.
When workers perform small, simple tasks, they become very proficient at each task.
Specialization increases the transfer time between tasks.
Highly specialized workers may feel their jobs are too stimulating.
Answers
A recommendation for further specialization within the job of a genealogist would involve breaking down the job into smaller and more specific tasks. By doing this, the genealogist would be able to focus and become more proficient in certain specialized areas.
What does a genealogist do?A genealogist is a person who studies and traces family histories and lineages. They use a variety of sources such as birth, marriage, death and census records to build family trees and track down historical information about ancestors.
This would allow for a higher transfer time between tasks, resulting in increased job satisfaction. For example, a genealogist may specialize in researching a particular geographic area or time period.
In addition to increasing job satisfaction and providing the opportunity to specialize, further specialization also has the potential to increase the efficiency and quality of the genealogists’ work. By breaking down the job into smaller tasks and becoming more proficient in certain areas, the genealogist is better able to focus on the quality of their work and deliver results more quickly.
By breaking down the job into smaller tasks, the genealogist is able to focus, become more proficient, and specialize in certain areas. This leads to increased job satisfaction and improved work quality.
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Who knows about the College called.. IAP ?
Would you guys recommend it, or not?
Because right now, I’m in high school but I’m almost going to graduate. And there’s so many ppl that I know that want to go to community colleges and so I don’t know what to do because what I want to do, you don’t need a degree and the college that I want to go to, you are there part time, either online or in person but the problem is .. how do I know if it’s a scam or not? Because the answer is I don’t. I’ve been wanting to go here because you can get whatever course you want done fast and they help you get the job that you want ASAP, which it’s like 6-12 weeks to complete your courses. And the other reason why I want to go here is because it’s a fair price for each course you want to take. It makes sense though I guess because all of those courses for that college, you don’t need a degree but they help you get the job that you want after you take those courses, and I think that’s cool but.. like I said, I don’t know if it’s a scam or not. That’s why I’m asking on here (lol) because people that I know, family, and my friends, no one knows about this college and I don’t want to get my hopes up knowing if it’s a scam, why even try getting into this college. If I make sense. Hope you guys can help me out. It’ll mean a lot, thank you :) .
Also, I give Brainliest for whoever wants it!
Answers
Two way how the government impacts/affects the economy?
Answers
Explanation:
The government may also adjust spending, tax rates, or introduce tax incentives. ... As a result, these elected members of the government have a great deal of influence on the economy. Fiscal and monetary policies are intended to either slow down or ramp up the speed of the economy's rate of growth
Answer:
adjusting the cost of borrowing money (by lowering or raising the interest rate)
managing the money supply
and controlling the use of credit.
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000. Company (Ticker) Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) Coupon 6.900 7.270 ?? Maturity Jan 15, 2035 Jan 15, 2034 Jan 15, 2041 Last Price 94.333 77 94.885 Last Yield ?? 5,44 7.14 EST $ Vol (000 's) 57.377 48.956 43,817 What price would you expect to pay for the Kenny Corp. bond?
Answers
You would expect to pay around $76.867 for the Kenny Corp. bond
Yield to maturity (YTM) is a measure of the total return expected from a bond, assuming the investor holds the bond until it matures. It is the internal rate of return of an investment in a bond if the investor holds the bond until maturity and receives all coupon payments and the return of the bond's face value.
To calculate the price of the Kenny Corp. bond, you need to know the coupon rate, the current yield, and the number of years until maturity. The coupon rate is 7.270, the maturity date is January 15, 2034, and the yield to maturity is 5.44%.
The bond price can be calculated using the formula:
Bond price = (Coupon rate / (1 + Yield to maturity)) * Par value / (1 + Yield to maturity)^(Number of years until maturity)
Where Coupon rate = 7.270, Par value = $2,000, Yield to maturity = 5.44%, and Number of years until maturity = (2034 - 2016) = 18 years.
Plugging in the values into the formula:
Bond price = \((7.270 / (1 + 0.0544)) * 2000 / (1 + 0.0544)^1^8\)
Bond price = $76.867
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4. What are some of the things that could happen on the job that would cause me to resign?
Answers
Answer:
Some of the things that could happen on the job that would cause you to resign are:
A toxic work environment. If you are constantly feeling stressed, anxious, or unhappy at work, it may be time to resign. A toxic work environment can have a negative impact on your physical and mental health, and it can make it difficult to be productive.A lack of opportunities for growth. If you feel like you are not learning or growing in your current role, you may be ready to move on. A lack of opportunities for growth can lead to boredom, frustration, and a feeling of stagnation.Unrealistic expectations. If your employer is constantly setting unrealistic expectations, it can be very difficult to meet them. This can lead to stress, anxiety, and burnout.A lack of support from your manager. If you feel like your manager is not supportive of you or your work, it can be very difficult to be successful in your role. A lack of support can make it difficult to ask for help when you need it, and it can make you feel like you are not valued.A change in the company culture. If the company culture changes in a way that you do not agree with, it may be time to resign. A change in company culture can make it difficult to fit in, and it can make you feel like you are no longer a good fit for the company.A personal reason. Sometimes, you may need to resign from your job for a personal reason, such as a family emergency or a health issue. If you are facing a personal crisis, it is important to put your own needs first.Under Activity based costing (ABC) method, explain what is meant
by:
Explain in brief with 200 words for each.
Activity
Cost Driver
Answers
You have provided an accurate explanation of activity and cost driver under Activity-Based Costing (ABC). To summarize:
Activity: An activity refers to any task, process, or operation that a company performs to produce or deliver a product or service. Activities can include both direct activities, such as manufacturing or assembling a product, and indirect activities, such as quality control, material handling, or machine setup. ABC identifies and analyzes all the activities involved in the production or delivery process to determine their respective costs accurately.
Cost Driver: A cost driver is a factor or measure that influences the cost of an activity. It is used to allocate indirect costs to products or services based on their consumption of resources. Cost drivers help determine the relationship between the activity and the cost it incurs. The choice of cost driver depends on the nature of the activity and the resources consumed. Common examples of cost drivers include machine hours, labor hours, units produced, number of setups, or square footage used.
By associating each activity with an appropriate cost driver, ABC enables a more accurate allocation of costs to products or services based on their actual consumption of resources. This method provides a more detailed understanding of the cost structure and helps organizations make informed decisions regarding pricing, product mix, process improvements, and resource allocation.
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What warranty is established by the Spearin Doctrine?
Group of answer choices
A. The designer will provide the standard of care expected of all designers in the performance of its design work
B. The owner warrants that the project can be designed as envisioned
C. The designer will not interfere with the contractor’s means and methods used for construction
D. The owner warrants to the contractor the adequacy and sufficiency of the drawings and specifications
E. The contractor warrants the workmanship of the construction work
Answers
The warranty that is established by the Spearin Doctrine is the owner warrants to the contractor the adequacy and sufficiency of the drawings and specifications. Option d is correct.
The Spearin Doctrine refers to the warranty established by the federal courts in the United States in the year 1918. This warranty is that when the owner of a construction project provides detailed plans and specifications to the contractor, the owner is implicitly guaranteeing that the plans and specifications are adequate for the purpose intended.
If the contractor follows the plans and specifications and the resulting project is defective, then the owner is responsible for the defects and the costs associated with repairing them.
Therefore, option d is correct. This doctrine is often cited in construction lawsuits to determine liability for project defects.
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opportunity cost refers to how many inputs a producer requires to produce a good. (True or False)
Answers
The correct response is A. Real opportunity cost is the number of inputs needed by a producer to make a good.
What is a producer's main responsibility?A movie, music record, stage production, or television show's business and finances are managed by producers, often known as film producers. The employment of production personnel, such as directors, crew members, and cast members, creating the production budget, and acquiring intellectual property rights are among their primary responsibilities.
A producer's biology is what?A: Photosynthesizing creatures are the producers. Any form of green plant is a producer. By absorbing sunlight and applying the energy to create sugar, green plants produce their food. This sugar, also known as glucose, is used by the plant to produce a variety of materials, including wood, needles, roots, and bark.
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the details behind the financial statement are often disclosed in the
Answers
The Worksheet typically provides the information needed to create the financial statement. The previous information is also included in this spreadsheet, which the SAP ERP system updates.
The saps ERP financial accounting software module, which also produces financial statements for external reporting, records all financial activities in the general ledger accounts. ERP software is a subcategory of modular applications that unifies the business operations of an organization onto a single platform.
By logging all financial activity in the general ledger accounts, the SAP ERP financial accounting software module reliably tracks cash flow, fixed assets, and productivity against budgets and also provides financial statements for external reporting.
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This is for money skills. Please help
Answers
Answer:
when you divide
Explanation:
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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