Homework Answers
OPTION C: service, manufacturing, and merchandising businesses
EXPLANATION:
Every business be it service, manufacturing or merchandising business exists for creating value for customers. The value chain comprises of Inbound logistics, operations, outbound logistics, marketing & sales, etc. to deliver the product to the customer.
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The value chain is used by O A. only service and manufacturing businesses. O B. only...
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms....
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms. merchandising firms. manufacturing firms. Managerial accounting applies to all types of firms. Managerial accounting information pertains to the entity as a whole and is highly aggregated. pertains to subunits of the entity and may be very detailed. is prepared only once a year. is constrained by the requirements of generally accepted accounting principles.
Most businesses can be classified into one or more of these three categories: manufacturing, merchandising, or...
Most businesses can be classified into one or more of these three categories: manufacturing, merchandising, or service. Some companies combine aspects of two or all three of these categories within a single business. Some of the costs are similar across different types of businesses; others are unique to a particular business. Think about the different types of businesses and provide some examples of costs that they may incur (and some that may not).
Inventories are Select one: a. are kept by manufacturing organizations only not by service providers b....
Inventories are Select one: a. are kept by manufacturing organizations only not by service providers b. Assets c Warehouses d. Only perishable products
"Inventory Management & Valuation" All manufacturing, merchandising, and some service businesses carry inventory. These include retail...
"Inventory Management & Valuation" All manufacturing, merchandising, and some service businesses carry inventory. These include retail stores, restaurants, construction companies, hospitals, and many others. Think of an industry that you work in, have worked in, or are interested in. Discuss the challenges of managing and valuing the inventory. How quickly does the inventory become obsolete? How does obsolescence impact valuation? How quickly does the inventory turnover? What happens if the turnover is too fast or too slow?
2. Job costing is A) used by businesses to price identical products B) used by businesses...
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed
Would a traditional income statement differ depending on whether the business is a service organization, a...
Would a traditional income statement differ depending on whether the business is a service organization, a merchandiser, or a manufacturer? Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related to manufacturing? If we could use these concepts in service and merchandising businesses, how would we go about doing so?
A value chain includes all of the following major business functions except: Multiple Choice Marketing Manufacturing...
A value chain includes all of the following major business functions except: Multiple Choice Marketing Manufacturing Customer Service Product Design All of the above are major business functions included in the value chain
could managerial accounting information be helpful to non-manufacturing companies like service businesses, hospitals and schools and...
could managerial accounting information be helpful to non-manufacturing companies like service businesses, hospitals and schools and why or why not?
2. Job costing is A) used by businesses to price identical products B) used by businesses...
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed 3. Which of the following companies will use a process costing system? A) an oil refining company B) a manufacturer of ships C) a custom kitchen cabinet company D) an advertising firm 4. Job-costing is likely to be used by A) oil...
As the service economy has grown, a business location being used more and more by service...
As the service economy has grown, a business location being used more and more by service businesses is: A) the industrial park. B) home. C) central business districts. D) outlying areas.
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms. merchandising firms. manufacturing firms. Managerial accounting applies to all types of firms. Managerial accounting information pertains to the entity as a whole and is highly aggregated. pertains to subunits of the entity and may be very detailed. is prepared only once a year. is constrained by the requirements of generally accepted accounting principles.
Inventories are Select one: a. are kept by manufacturing organizations only not by service providers b. Assets c Warehouses d. Only perishable products
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed
A value chain includes all of the following major business functions except: Multiple Choice Marketing Manufacturing Customer Service Product Design All of the above are major business functions included in the value chain
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed 3. Which of the following companies will use a process costing system? A) an oil refining company B) a manufacturer of ships C) a custom kitchen cabinet company D) an advertising firm 4. Job-costing is likely to be used by A) oil...
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