The voucher system is a strength in terms of internal control of cash payments because it allows for a systematic and accountable approach to cash management.
By implementing this procedure, companies can ensure that all cash payments are made in a controlled and efficient manner, which ultimately contributes to the company's financial stability and success.
The voucher system is an internal control procedure that helps to manage cash payments and purchases of inventory. In this system, the company's accounting department requests purchases of inventory and records the transaction.
This process ensures that all transactions are properly authorized and approved before any payment is made. This helps to prevent fraudulent activities such as the misuse of company funds, unauthorized purchases, or payments to fake vendors.
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Why would the insurance commissioner examine the records of an insurance company?
Each approved insurer's affairs, transactions, accounts, records, papers, and assets must be examined by the commissioner as often as they are deemed necessary.
A minimum of once every five years is required for the commissioner to conduct this type of examination on each insurer holding a certificate of authorization or certificate of registration. An alien insurer may only have its insurance dealings in the United States under examination.
The commissioner must take into account factors like financial statement analyses and ratios, changes in management or ownership, actuarial opinions, reports from independent certified public accountants, and other standards outlined in the examiner's handbook, which was adopted by the National Association of Insurance Commissioners and was in effect at the time the examination was scheduled and decided upon the nature, scope, and frequency.
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A corporation is offering 300,000 shares to the public at $15 per share. The manager's fee is $.15 per share, the underwriter's fee is $.20 per share, and the concession is $.65 per share. Participations are 100,000 shares for the manager and 200,000 shares for the underwriting syndicate. Retentions are 100% for the manager and 75% for the syndicate members. How much does the public pay per share
Based on the share price, the underwriter's fee, the manager's fee, and the concession, the amount the public pays for the shares is $15 per share.
What does the public pay per share?The company offers the 300,000 shares that it is selling, to the public and says they should pay $15 per share. This is therefore the price that the public will pay per share of the 300,000 offered.
The amount that the company will then get from these shares is
:= (Share price - Manager's fee - underwriter's fee - concession) x number of shares
= (15 - 0.15 - 0.20- 0.65) x 300,000
= $4,200,000
Most companies already anticipate that they will get less than the value of the stock issued thanks to the various expenses incurred such as the manager's fee.
To counteract this, they issue more stock than they need and the additional stock will take care of the expenses.
In conclusion, the public will pay $15 per share.
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If Glade, which markets Glade scented PlugIns and Glade scented candles and wax melts were to introduce Glade laundry detergent and dryer sheets with the same scents, this would be called ____ branding.
If Glade, which markets Glade scented PlugIns and Glade scented candles and wax melts were to introduce Glade laundry detergent and dryer sheets with the same scents, this would be called brand-extension branding.
What is brand extension branding?A marketing approach in which a company that markets a product with a well-developed image utilizes the same brand name in a different product category is known as brand extension or brand stretching. The new product is known as a spin-off.Organizations employ this method to build and exploit brand equity (definition: the net worth and long-term sustainability just from the renowned name). Jello-creation gelatin of Jello pudding pops is an example of a brand extension.It raises brand visibility and enhances profitability by offering products in more than one category.Therefore, according to Glades, situation, if Glade, which markets Glade scented PlugIns and Glade scented candles and wax melts were to introduce Glade laundry detergent and dryer sheets with the same scents, this would be called brand-extension branding.
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Guiding and motivating employees to work effectively to accomplish organizational goals and objectives, giving assignments, explaining routines, clarifying policies, and providing feedback on performance are all tasks associated with the function of management.
"Guiding and motivating employees to work effectively to accomplish organizational goals and objectives, giving assignments, explaining routines, clarifying policies, and providing feedback on performance are all tasks associated with the function of management." all these are Leading This is further explained below.
What is Leading?Generally, a person in charge of a team, an organization, or an entire nation.
In conclusion, Management activities include guiding and inspiring people to achieve corporate goals and objectives, offering assignments, describing procedures, clarifying regulations, and providing performance feedback. Leading
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In surveys of managers, which technique to manage earnings was considered most acceptable?
When it came to surveying managers, the technique that was considered most acceptable to manage earnings was C. Manipulating operating decisions
How should management manage earnings?
In order to make earnings, a business needs to carry out operations that lead to revenue being generated.
The best way to make more earnings and manage them is therefore to manipulate the operating decisions of a company.
Options include:
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To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would trace
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
What are inventory items?Inventory item - a discrete product that can be indicated as being in stock. You can track inventory if your company sells stock items. A product purchased for resale that is tracked in Stock and on the Balance Sheet is an inventory item.An inventory list should, in general, include the product's name, SKU number, description, cost, and quantity. Inventory lists assist brands in managing and monitoring stock levels, enabling tighter inventory control and a more streamlined approach to inventory management.An auditor will most likely attest items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets to get assurance that all inventory items in a client's inventory listing schedule are valid.Therefore, to gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
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Complete question:
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch
A. Inventory tags were noted during the auditor's observation of items listed in the inventory listing schedule.
B. Inventory tags were noted during the auditor's observation of items listed in receiving reports and vendors' invoices.
C. Items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
D. Items listed in receiving reports and vendors' invoices to the inventory listing schedule.
At a company, the ratio of interns to full-time employees is 2 to 9. When 10 new interns are brought on for the summer, the ratio of interns to full-time employees changes to 1:2. How many full-time employees are at this company
36 full-time employees are at this company.
Explanation:
2x + 10 is for interns
9x is a full time
2x + 10/9x = 1/2 (new ratio)
solve for x = 4
plug x = 4 for 9x to see how many full-time employees are there.
Answer: 36
In mathematics, a Ratio is an assessment of two or more numbers that suggests their sizes on the subject of each difference.
A ratio compares two quantities via department, with the dividend or range being divided termed the antecedent and the divisor or range this is dividing termed the ensuing.
An instance of an employee is an individual who is employed by McDonald's and is paid a certain amount of money for each hour worked. A person who works inside the service of some other (the employer) is subject to a contract for hire, where the employer controls the conditions of work performance.
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Seth is writing a proposal to submit to another company. His title page includes the title, his name, the date, and the name of his company. What else should he add
Seth should add (B) the name of the company receiving the proposal.
Why it is important to add the name of the company receiving the proposal?It is always necessary for the other person or company to know if the paper is for them or not, and it is a professional and respectful practice to include the name of the firm receiving the proposal.A title page does not require an executive summary because it merely comprises the title, names, dates, author, and other publication information. The font style and name are also absolutely unnecessary because they have no relevance to the document; it is merely the format you will give to the paper in order for it to be formally proper for a proposal.Therefore, Seth should add (B) the name of the company receiving the proposal.
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Complete question:
Seth is writing a proposal to submit to another company. His title page includes the title, his name, the date, and the name of his company. What else should he add?
A. The executive summary.
B. The name of the company receiving the proposal.
C. The style he is using to format the proposal.
D. The name of the type font he selected.
A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed _____ budgeting. a.master b.zero-based c.flexible d.continuous
A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.
What is Continuous Budgeting?Budgets are created for future periods, revised throughout current periods, and adjusted at the conclusion of the term. This process is known as continuous budgeting. In other words, it's the practice of maintaining active, current, and future budgets to monitor costs and project growth in the future.The majority of businesses create their budgets on a monthly, quarterly, or annual basis, however many businesses now create weekly budgets to monitor sales and shipments. In the current era, these plans are utilized to establish financial and performance goals and benchmarks for the future. Following the conclusion of the current period, the budgeting process is restarted by developing a new plan for the following accounting period.To learn more about Continuous Budgeting refer to:
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Long-term liability balances for the budgeted balance sheet are obtained from?
The long-term liability balances that are seen on the budgeted balance sheet are obtained from the cash budget and capital expenditures budget.
Where are long-term liability balances obtained from?The long-term liabilities of a company will need to be included in a budgeted balance sheet to see how they affect the operations of the business in a period.
These balances are obtained from the cash budget where budgeted payments for long term liabilities will be put. For instance, the interest payments for the period, or the cash to redeem the entire bond or debenture.
The capital expenditure budget will also list those payments that need to be made to service a debt and are the double entry transactions for the cash budget where interest payments are recorded.
In conclusion, the balances are acquired from the cash budget and capital expenditures budget.
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John bought his house for $185,000. He sold it 6 years later for $230,000. What was his ROI (return on investment)? -19.56%
24.32%
19.57%
-24.32%
John's Return on Investment (ROI) was B. 24.32%.
What is the return on investment?The Return on investment (ROI) is a financial ratio that measures the benefit or gain made by an investor.
The ROI is computed by determining the profit or return and using this as a numerator over the investment cost. It is then expressed as a percentage.
Data and Calculations:Investment cost = $185,000
Sales proceeds after 6 years = $230,000
Returns = $45,000 ($230,000 - $185,000)
Return on investment = 24.32% ($45,000/$185,000 x 100)
Thus, John's Return on Investment (ROI) was B. 24.32%.
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One thing that franchise systems, wholesaler-sponsored chains, and retail cooperatives have in common is that they are all:________.
One thing that franchise systems, wholesaler-sponsored chains, and retail cooperatives have in common is that they are all kinds of a distribution system on contractual basis. Contractual Basis A flight crew member employed by the Company for a period of no more than six months.
AIR What Do Page Data Recorders Mean? Voice Recorders in the Cockpit Flight Data Recorders (FDRs) A twenty-four hour period of time. Travel by air or surface transportation at the request of the company to meet service requirements.
Flight Attendant A flight crew member who is a member of the bargaining unit and is assigned to the position of Captain, First Officer, Flight Engineer, or Second Officer. Time refers to the amount of time that elapsed between the actual ramp departure and the actual ramp of the Guaranteed Day Off.
An uninterrupted 24-hour period off duty beginning at hours at the employee's home base. This could be extended to include operational disruptions.
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Suppose that toyota sells yen-denominated bonds in tokyo. part 2 is this debt instrument considered a eurobond?
If the toyota sells Yen-denominated bonds in Tokyo, then it is not considered a Eurobond. If the bond is sold in New York, then it is considered a Eurobond.
A debt instrument known as a "Eurobond" is one that is issued in a market or nation that uses a currency other than its own as the unit of account. Because they allow for the flexible issuance of securities in different currencies, Eurobonds are crucial for helping organisations raise finance.
A samurai bond is a non-Japanese company's yen-denominated bond issued in Tokyo that is governed by Japanese laws. These bonds give the issuer access to Japanese cash, which can be utilised to fund operations outside of Japan or local investments.
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Wayfair is deciding between two different catalogs to customers. one catalog costs $0.50 to produce, is 50 pages long, has a 5% conversion rate, and the average converted customer brings in $315. the second catalog costs $0.95 to produce, is 100 pages long, and a converted customer brings in $300. what does the conversion rate of the second catalog need to be in order to make the same amount of profit as the first catalog
The conversion rate of the second catalog need to be a minimum of 5.4% in order to make the same amount of profit as the first catalog.
What is conversion rate?Conversion costs are the manufacturing expenses needed to transform raw resources into finished goods.
To calculate the value of ending inventory, which is then recorded in the balance sheet, cost accounting uses the concept.
What is the computation for the above answer?Looking at the 1st catalog, the cost of production = 100 * $ 0.50
= $ 50.
This mean that the rate of conversion is 5 %.
Hence, the number of customers that the 1st catalog brings in is 5.
Therefore, the revenue generated is computed at:
5 * $ 315
= $ 1575, and
Profit is (Revenue less cost)
= $ 1575 - $ 50
= $ 1525.
Assuming that the conversion rate for the 2nd catalog is y%
Hence, for the second catalog, the cost is
100 * $ 0.95
= $ 95.
The conversion rate is y % so that the number of customers that the 2nd catalog brings in is y.
Therefore, the revenue generated is y * $ 300
= $ 300y; therefore,
The profit is $ 300y-95.
From the above, we can state mathematically that if the 2nd catalog will make the same amount of profit like the first, at the very least, then:
our function should be stated as follows:
300y - 95 ≥ 1525; that is
300y ≥ 1525+95; that is
300y ≥ 1620; hence
y ≥ 5.4
QED
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Victoria has been paying a mortgage on her property for the past 30 years. When Victoria pays the last payment on her mortgage, her ownership interest in the property will be:
Victoria has been paying a mortgage on her property for the past 30 years. When Victoria pays the last payment on her mortgage, her ownership interest in the property will be: Fee simple absolute.
What is fee simple absolute?This is a straight forward type of fee simple absolute. This is one that has to do with do with the right to own a property, do anything on it and even damage it.
This type of interest is the highest type of ownership of properties that is recognized by law in the United States of America.
The fee simple absolute requires that no amount is paid for rent. But there are cases where they have to pay property tax to the state government
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The _____________ firm’s demand curve is the same as the market demand for the product.
The monopoly firm’s demand curve is the same as the market demand for the product.
The monopoly firm’s demand curve is the same as the market demand for the product because the monopolist is the only firm in the market, its demand curve is the same as the market demand curve.
A monopoly consists of one firm that produces a unique product or service with no close substitutes. Entry into the market is blocked, which gives this firm the market power.
Hence, the demand curve faced by a monopoly is the market demand. It can sell more output only by decreasing the price it charges.
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If C represents consumption expenditure, Ig represents gross investment, In represents net investment, G represents government expenditure, Xn represents net exports, and Xg represents gross exports, GDP is:
"If C represents consumption expenditure, Ig represents a gross investment, .."Xn represents net exports, and Xg represents gross exports, GDP is: C+Ig+G+Xn. This is further explained below.
What is expenditure?Generally, money, time, or energy is spent in the process of spending Keep a running tally of all your purchases. expense.
In conclusion, "If C represents consumer spending, Ig represents gross investment, .." Xn denotes net exports, and Xg represents gross exports, GDP is: C+Ig+G+Xn
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How can the company that purchased the mine better approach the situation?
The company that purchased the mine better approach the situation by developing a strategy that include all stakeholders.
In the year 2006, giant of the mining industry Xstrata purchased the Tintaya copper mine in Espinar, Peru. There has been a dispute between the community and the mine over issues including land rights, pollution, and social responsibility of the mining company. The previous mine owner had established a good dialogue table with the local community. According to many people , when Xstrata took over, the company did not abide by those arrangements which were made by the previous owner.
That is why if Xstrata wants to make better then it should consider the interest of every stakeholder over there.
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A modification to a product that changes the taste, texture, sound, smell, or appearance is a(n) _______.
A modification to a product that changes the taste, texture, sound, smell, or appearance is a style modification.
Product modification is the process of improving already-existing items by making the required adjustments to their nature, size, packing, colour, and other attributes in order to better meet changing market demands. The goal of the product change is to retain current demand, draw in new customers, and effectively compete with rivals.
The company's earnings improve as a result of increased sales, which are aided by this. The product's look is altered as part of the style enhancement plan. Nevertheless, a product's quality never changes. Here, the product's packaging or its shape, colour, or other characteristics may be altered. The fashion business frequently employs this tactic.
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If a profit-maximizing firm in a competitive market discovers that, at its current level of production, price is greater than marginal cost, it should
If a profit-maximizing firm in a competitive market discovers that, at its current level of production, price is greater than marginal cost, it should increase its output.
What is competitive market?In response to customer demand for products and services, a competitive market develops. Due to the competition created by this market system, businesses must assess their costs of production, pricing policies, and product output.
Some key points of the competitive market are-
Perfect competition, as well as competitive markets, aim to factor in both the buyer and the supplier equally and develop strategies based on the market's current supply and demand. We define competitive marketplaces, describe their traits, and explain their functions and distinctions in this article.No single consumer or producer can control the market in an environment where there is competition.A market that is totally competitive has many knowledgeable buyers and sellers, no obstacles to entrance, and no potential for monopolies.Among the ten characteristics of a competitive market are profit, diminishing supply, competition, and exclusion.To know more about competitive market, here
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To allow whistleblowers to come forward with information organizations should ________
i. allow for complete
ii. anonymity
iii. create an open-door policy
iv. protect them from retaliation
To allow whistleblowers to come forward with information organizations should protect them from retaliation. A whistleblower is someone who comes out and divulges their knowledge of any wrongdoing they believe is taking place either throughout the entire organization or in a particular department.
A whistleblower is somebody who reports any illegal activity, whether they be an employee, contractor, or supplier. There are particular rules designed to shield whistleblowers from losing their jobs or receiving unfair treatment. The majority of organizations have a distinct policy that outlines exactly how to report such an incident. Whistleblowers might be either internal or external.
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Bottom, inc. paid an invoice for $1,000, with discount terms of 1/7, n/30, within the discount period. the net amount paid was:______.
a. $1,000.b. $980.c. $1,020.d. $998.
the net amount paid was: $998
Invoice discounts are probably the simplest form of invoice financing. Like all types of invoice loans, invoice discounts sell unpaid invoices to lenders and offer cash invoices equal to the percentage of the value of the invoice. When your customer pays the invoice, the lender pays you the balance minus their charges.
Invoice rebates give businesses instant access to the value of cash and sales summarized on unpaid invoices. It's easy, when you charge a customer or principal, the lender gives you a percentage of the total amount and gives your business a cash flow boost.
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When a customized product is manufactured separately, it is referred to as ____ production:multiple choicea processa job ordera job lotmass
When a customized product is manufactured separately, it is referred to as Job order production.
Job Order ProductionManufacturing bespoke or distinctive goods for specific clients is known as job order production. Because every order or job is a customized order submitted by the customer, job order production is also sometimes referred to as job order manufacturing or bespoke production. Frequently, only one copy of a custom job is made.Custom products made in bulk are the focus of many producers. Customers bring designs or products in mind for custom products, which the manufacturer develops and produces. Print shops and studios are excellent examples of custom manufacturers. With a design for 100 graduation invitations, a consumer might go to his neighborhood print shop.
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The invention of small desktop copiers to create a new consumer market using the same technology as large, stand-alone copiers is an example of a(n) ______ innovation.
The invention of small desktop copiers to create a new consumer market using the same technology as large, stand-alone copiers is an example of an architectural innovation.
When new products or services employ current technology to open up previously untapped markets or attract new customers, this is known as architectural innovation. For instance, the smart watch repurposed cell phone technology into a watch form factor.
Modifying current solutions for a brand-new market is architectural innovation. Architectural innovation is the process of rearranging existing parts of a product to alter its overall design. This innovation happens within the next few to three years. Examples include desktop photocopiers and Sony Walkmans.
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Which printmaking method operates with the understanding that oil and water do not mix?
A printing method that takes advantage of the fact that water and grease don't mix. The image is transferred using a greasy media, such as a particular greasy ink called tusche, crayon, pencils, lacquer, or synthetic materials, to a grainy surface (traditionally stone but more typically aluminium).
The inked image is transferred (or "offset") from a plate to a rubber blanket and then to the printing surface in offset printing, a typical printing technique. The offset method makes use of a flat image carrier when combined with the lithographic process, which is based on the attraction of oil and water.
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Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power. True or false?.
False,Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power.
What is trade regulation?Trade regulation is a branch of law that includes government regulation of unfair methods of competition and unfair or misleading corporate acts or practices. It is sometimes associated with antitrust. Antitrust law is frequently regarded as a component of trade regulation law. They establish "rules of the road" for US enterprises wishing to do business in global markets by lowering barriers to US exports, defending US interests, and promoting the rule of law in trade agreement partner countries. Trade regulation rules may include requirements imposed to prevent such activities or practices. Unless the Commission clearly states otherwise in its rule, a breach of a rule constitutes an unfair or deceptive act or practice in violation of section 5(a)(1) of the Act (15 U.S.C. 45(a)(1)).
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why is teaching profession important give reason
Answer:
hope it helps
Explanation:
Teachers are arguably the most important members of our society. They give children purpose, set them up for success as citizens of our world, and inspire in them a drive to do well and succeed in life.
Which process is used to develop risk profiles for a firm's information system projects and assets?
Portfolio analysis is the answer.
Portfolio analysis is the process of reviewing or valuing the elements of a company's entire portfolio of securities or products. The review is conducted for careful risk-return analysis.
Business portfolio analysis is basically the process by which a company's products and services are considered and categorized based on performance and competitiveness.
They focus on factors such as the contribution of securities selection, sector weights, asset allocation, and perhaps the flow of funds in and out of cash positions and portfolios. You can discuss portfolio performance regardless of the benchmark.
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If gdp is $20 trillon, how many years will it take for gdp to increase to $40 trillion if annual growth is 10 percent?
It will take 7 years.
Given GDP is $20 trillion and increased GDP is $40 trillion.
Gross domestic product (GDP) is the standard measure of value added generated by the country's production of goods and services over a certain time period. GDP is the total monetary or market worth of all completed products and services produced within a country's boundaries in a certain time period.
As such, it also accounts for the money generated by such output, as well as the overall amount spent on final products and services (less imports).
Time take to reach $40 trillion is to be found.
Formula to find the time taken to reach $40 trillion is given below:
F = P *(1+i) ^t
Here,
F = 40,
P = 20,
I = 10%
Now put the values in the formula given above.
F = 0.1040 = 20 × (1+0.10) ^t(1.10)^t
= 40 / 20
= 2
Taking log both sides t = log 2 / log 1.10
= 7.27 yrs or 7 yrs
Therefore, it will take 7 years.
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The parts of the process cost report include: (Check all that apply.) Multiple select question. cost assignment and reconciliation. cost charged to each job. physical flow of units. equivalent units of production.
The parts of the process cost report include:
Cost assignment and reconciliation. Physical flow of units. Equivalent units of production.What is process cost?It should be noted that process costing means the way to determine the cost in the production process.
In this case, cost assignment and reconciliation, physical flow of units, and the units of production are part of the report.
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