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How does the cost accounting function assist in the management of a business?
the function of cost accounting is to provide management of differents acitivities in a business
Basic function of accounting?
to keep a set of books for business with an information system that provides reports to users about the economic activities and condition of a business.
What are the limitations of cost volume profit analysis?
A number of limitations are commonly mentionedwith respect to CVP analysis:1. The analysis assumes a linear revenue functionand a linear cost function.2. The analysis assumes that what is produced issold.3. The analysis assumes that fixed and variablecosts can be accurately identified.4. For multiple-product analysis, the sales mix isassumed to be known and constant.5. The selling prices and costs are assumed o beknown with certainty.
Give the 4 distinct function of accounting in business?
The 4 distinct functions of accounting *Recording - this function deals w/ writing on the boots or records of the business transactions or events. *Classifying - recording and summarizing function, similar items are group or sorted under the same names. *Summarizing - periodically, usually, yearly, or sometimes monthly, quarterly, and , owners...... .... Not complete: Please wait...
What are the applications of statistics in business and management?
Statistics in business and management:1. Marketing: Statistical analysis are frequently used in providing information for making decision in the field of marketing it is necessary first to find out what can be sold and the to evolve suitable strategy, so that the goods which to the ultimate consumer. A skill full analysis of data on production purchasing power, man power, habits of compotators, habits of consumer, transportation cost should be consider to take any attempt to establish a new market.2. Production: In the field of production statistical data and method play a very important role. The decision about what to produce? How to produce? When to produce? For whom to produce is based largely on statistical analysis.3. Finance: The financial organization discharging their finance function effectively depend very heavily on statistical analysis of peat and tigers.3. Banking: Banking institute have found if increasingly to establish research department within their organization for the purpose of gathering and analysis information, not only regarding their own business but also regarding general economic situation and every segment of business in which they may have interest.4. Investment: Statistics greatly assists investors in making clear and valued judgment in his investment decision in selecting securities which are safe and have the best prospects of yielding a good income.5. Purchase: the purchase department in discharging their function makes use of statistical data to frame suitable purchase policies such as what to buy? What quantity to buy? What time to buy? Where to buy? Whom to buy?6. Accounting: statistical data are also employer in accounting particularly in auditing function, the technique of sampling and destination is frequently used.7. Control: the management control process combines statistical and accounting method in making the overall budget for the coming year including sales, materials, labor and other costs and net profits and capital requirement.
How managerial roles and managerial function are related?
analysis internal influence new business
What is a 'safety critical worker'?
A "safety critical" worker is one whose actions or inactions can impact the safety of others and who therefore must be in good mental condition, unimpaired by drugs or medication, while performing his or her assigned function.
Is telecom outsourcing good for my business?
Outsourcing the telecom function of your business may be a good option for you. You will want to do a Cost-Benefit Analysis before you make a decision.
Which of these is not a valid Excel analysis tool or function what if goal seek now function if statement?
Goal Seek is not a function or an analysis tool. It is a tool that is used to establish a value to be used for a formula. What If and the IF function can be used for analysis. The NOW function is a function but it is not an analysis tool.
What is HACCP and explain briefly its function?
HACCP stands for Hazard Analysis Critical Control Point. Its function can be briefly explained as the process in which the handling, production and storage of food is carried out so as to ensure that foods are kept safe.
What side of the brain responsible for critical thinking?
Critical thinking is primarily associated with the left hemisphere of the brain. This side is responsible for logical reasoning, analysis, problem-solving, and decision-making. However, critical thinking involves both hemispheres working together for a well-rounded cognitive function.
What is the function used when a assigned value to a cell is dependent on a logical test?
if function
What is a function of fourier analysis?
It is to convert a function into a sum of sine (or cosine) functions so as to simplify its analysis.
Function of financial system?
The financial system exists to improve analysis of financials. With more information about the financial situation of the business, the more the business can respond to changes in the market.
What is the Function of a business?
The primary function of a business is to turn a profit.
Function of business?
A function of business is to sell consumers goods and services. Another function of business is to promote competition in the workforce.
What is the function of the hook in a literary analysis?
The function of the hook is to get the attention of the reader.
