Accounting Question: Describe how the separation of
Accounting
Question:
Describe how the separation of (1) authorization of production transactions, (2) recording of these transactions, and (3) physical custody of inventories can be specified among the production, inventory, and cost accounting departments. How does the production order document provide a control over the quantity of materials used in production? From what population of documents would an auditor sample to determine (1) whether all are authorized, (2) production was completed and placed in inventory or written off as scrap, and (3) finished goods inventory was actually produced and properly costed?
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Accounting
Question:
A restaurant has a beginning inventory for the month of 150 pounds of beef at $2.70 per pound. In week 1 they use 125 pounds of beef and receive 175 pounds of beef into inventory at $2.80 per pound. In week 2 they use 190 pounds of beef and receive 150 pounds of beef at a cost of $2.80 per pound. In week 3 they use 140 pounds of beef and receive 125 pounds of beef at $2.75 per pound. In week 4 they use 110 pounds of beef and receive shipment of 125 pounds of beef at $2.85 per pound. What is the cost of the inventory at the end of week 3 using the FIFO method of inventory?
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Management
Question:
1. Compare and contrast the two management development techniques that require trainees to work in groups: action learning and management games. 2. Discuss Kurt Lewin’s change process model and how it relates to organization change. Provide an example.
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Accounting
Question:
Four accounting majors, two economics majors, and three marketing majors have interviewed for five different managerial positions with a large company. Find the number of different ways that five of these people could be hired if the first two positions are to be filled by an accounting manager and an assistant accounting manager, the third position is to be filled by an economics manager, and the last two positions are to be filled by a marketing manager and an assistant marketing manager.
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Accounting
Question:
I am really struggling with this question and my accounting book is no help at all. A company has $4500 in net sales, $3200 in gross profit, $1300 in ending inventory, and $1800 in beginning inventory. What is the cost of goods sold? Im not looking for the answer, just a formula is there is one. Thank you very much.
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