Both the statement of holding costs, also known as carrying costs are correct.
What does Holding cost mean?
The total cost of storing an item for an extended period of time is referred to as the holding cost. These expenses include warehousing, insurance, storage, and administrative expenses. The opportunity cost of capital tied up in inventory, the cost of obsolescence, and the cost of deterioration are all examples of holding costs.
What does administrative expenses mean?
Administrative expenses are those incurred in the day-to-day operations of a company or organisation. Salary, rent, office supplies, professional fees, travel, and insurance are examples of such expenses. They are distinct from production costs, which are expenses incurred during the manufacture of goods or services.
To know more about Holding Cost,
https://brainly.com/question/29559299
#SPJ4
the is a form of organization that delivers goods and services at the lowest cost through specialization of jobs, close supervision of employees, and uniform regulations and procedures.
Bureaucracy is a form of organization that delivers goods and services at the lowest cost through specialization of jobs, close supervision of employees, and uniform regulations and procedures.
Both an administrative policy-making body and a group of non-elected government officials are referred to as bureaucracies. A bureaucracy, historically, was a form of government administration where departments were run by non-elected people. Today, bureaucracy is the administrative framework that governs all significant institutions, whether they are privately or publicly controlled. Bureaucracy is exemplified by the public administration in many jurisdictions and sub-jurisdictions, but it may also be seen in any institution with a centralized hierarchical structure, such as hospitals, academic institutions, commercial businesses, professional societies, social clubs, etc. Bureaucracy faces two main problems. Whether bureaucrats should be independent or directly answerable to their political overlords is the first conundrum.
Learn more about Bureaucracy from
brainly.com/question/23943874
#SPJ4
Type the correct answer in the box.
Identify the kind of control decision involved in the given scenario..
Jillian is asked to forecast sales for next year. Her boss tells her to analyze internal budgets, market share, and inputs from niche markets. Jillian will
use
___forecasting.
Jillian's boss wants her to use internal budgets, market share, and inputs from niche markets, so Jillian will use Multiple linear regression forecasting.
How to know the forecasting method?The forecasting method to be used will depend on the variables to be used in the forecasting of the sales. If there are multiple variables then a linear regression method is to be used.
If there are multiple independent and dependent variables such as internal budgets, market share, and input from niche markets, then it is best to use the Multiple linear regression form of forecasting.
Find out more on on types of forecasting at https://brainly.com/question/14775621
#SPJ1
Which of the following is least likely to be considered an inherent risk relating to receivables and revenues?
a. Decline in sales due to economic declines
b. Restrictions placed on sales by laws and regulations
c. Decline in sales due to product obsolescence.
d. Over-recorded sales due to a lack of control over the sales entry function,
Answer:
Over-recorded sales due to a lack of control over the sales entry function relates to control risk not inherent risk. The other three replies all relate to inherent risk.
Over-recorded sales due to a lack of control over the sales entry function the following is least likely to be considered an inherent risk relating to receivables and revenues.
What is revenue?
The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line." A company's overall earnings or profit are referred to as income or net income.
Confirmations must be under the custody of auditors until the customer returns them. When generalizing from the sample to the population when
If a customer does not return an accounts receivable confirmation, it is appropriate to presume the amount is 100% inflated without taking additional steps.
Therefore, an inherent risk relating to receivables and revenues.
Learn more about the revenue here:
https://brainly.com/question/8645356
#SPJ12
TRUE/FALSE if the proceeds from the sale of a plant asset exceed its book value a gain on disposal occurs
Not entirely sure if this is what its asking for but if you made a profit on the plant or not depends on how much you spent to care for the plant.
For example, if you bought it for $50, gave it $10 of water, and sold it for $70 you would profit $10.
If you bought it for $50, gave it $50 dollars of water and sold it for $90, you would lose $10.
