Answer:
C
Explanation:
Just took the quiz
The production costs are generally estimated at the business analysis stage.
What is production cost?Production cost can be defined as the total cost incurred by the business in production of a product or service. It includes a variety of cost such as material cost, labour, supplies and general overhead.
Business analysis is a process of identifying business needs, business problems and determining the solution to the same.
The production cost is generally determine at the business analysis stage by the management. Further any adjustments in the cost is made at this stage.
Therefore, the correct option is C.
Learn more about production cost here:
https://brainly.com/question/15071207
Under a contractionary taxation policy, the government can reduce the deficit by
O increasing taxes.
O reducing taxes.
O increasing spending.
O increasing inflation.
Under a contractionary taxation policy, the government can reduce the deficit by increasing taxes. Option (a) is correct.
What is taxation policy?The process through which a government or taxing body imposes or levies a tax on its people and corporate entities is known as taxation. Taxation is used at all levels, from income taxes to the goods and services tax (GST).
The government does this by raising taxes, decreasing spending, and reducing salary or employment in the public sector. Budget surpluses represent the contractionary fiscal policy, whereas expenditure deficits are a hallmark of expansionary fiscal policy.
The government might implement a contractionary fiscal strategy to fight inflation. In this situation, it may try to lower overall spending by increasing taxes and reducing spending on the government.
Therefore, Option (a) is correct.
Learn more about taxation policy, here;
https://brainly.com/question/29763214
#SPJ7
Answer:
A, Increasing taxes
Explanation:
100 on edge 2024
The market forces such as demand, supply, competitive pricing and so on fail to incentivize the reduction of which cost?
In a free market, market forces include demand, supply, competitive pricing, and so on. These forces do not incentivize a reduction of_______costs.
Answer:
Production costs.
Explanation:
The market forces fail to incentivize a reduction in costs of production and this is because production cost.
This is because in a market with demand, supply and competitive pricing, it is not ideal for production costs to be reduced, rather it is advantageous if the costs are increased, in order to scale up production.
An increase in the level of output will therefore serve the purpose of competitive pricing, because manufacturer can now afford to reduce the price of commodities in order to increase sales.
Answer:
external environmental
Most job leads are discovered through
A. Networking
b. Classified ads
C.
Internet listing
d. Cold calling
Please select the best answer from the choices provided
A
B
С
D
Answer:
A-networking
Explanation:
Most job leads are discovered through Networking Option(a) is correct.
What does Networking means in Jobs?Networking is the most common way of making associations and building connections. These associations can furnish you with guidance and contacts, which can assist you with settling on informed profession choices.
Networking spreads the word about you for managers and to individuals who could prescribe you to bosses. It assists you with getting to know fruitful individuals in your field of work who can extend to significant counsel and help in tracking down an employment opportunity.
Networking is additionally about helping other people. As people, we are wired to interface with others. Without these associations, you can become separated and experience dejection and even wretchedness. So the genuine objective of networking ought to be to re-stimulate your current connections and foster new ones.
Networking is a compromise cycle that includes making associations, sharing data, and clarifying pressing issues. It's an approach to connecting with others, not a strategy for finding a new line of work or some help. You don't need to pass out your business cards on traffic intersections, cold pitch everybody on your contact rundown, or work a room of outside.
Therefore Option(a) is correct.
Learn more about Networking here:
brainly.com/question/2404403
#SPJ2
A fire causes $25,000 in damage to company's tools and equipment. If the company has a commercial property insurance policy with $5,000 deductible , how much will the company have to pay to repair the damage? A. $5,000 B. $20,000 C. $25,000 D. $12,500
Answer: the right answer is $5,000
what happens to your tax liability with proper financial planning? You can___ your tax liability through proper financial planning
Answer:
The correct answer is minimize.
Explanation:
Tax liability is what the taxpayer or corporation owes to a government entity in charge of levy and collect taxes because of the profits it has generated.
This person can deduct their taxes by planning them correctly.
Doing good planning can minimize taxes in some of the following ways:
Contributing to charity Making contributions to retirement accounts Having medical health insurance Saving for collegeSasha has decided to start a consulting business. She will need space for large
meetings and a receptionist. Which of the following types of locations would be best
for this type of business?
O
Her home
A retail shopping center
An executive suite in a
commercial space
An industrial facility
An executive suite in a commercial space
Answer:
An executive suite in a
commercial space
Explanation:
Got it right in quiz
Raul and Bianca are partners, Raul has a capital balance of $45,000 and Bianca has a capital balance of $36,000. Bianca sells half of her ownership interest to Bill for $20,000. which of the following is true of the journal entry to record this transaction?
A. Bill Capital is credited for $20.000 and Raul, Capital is debited for $20,000
B. Bill. Capital is credited for $18,000 and Bianca Capital is debited for $18.000
C. Bianca, Capital is credited for $20,000 and Raul, Capital is debited for $20.000.
D. Bianca Capital is credited for $18,000 and Raul, Capital is debited for $18,000
Answer:
B
Explanation:
36,000's half is 18,000
Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $137,500, and it estimates that 3% will be uncollectible.
Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has:
(a) a $2,338 credit balance before the adjustment.
(b) a $688 debit balance before the adjustment.
Answer:
a)
Dr Bad debts expense 1,787
Cr Allowance for doubtful accounts 1,787
b)
Dr Bad debts expense 4,813
Cr Allowance for doubtful accounts 4,813
Explanation:
Mazie Supply Co. Journal entry
a)
Dr Bad debts expense 1,787
($4813-$2,338+$688)
($4,813-$3,036)
Cr Allowance for doubtful accounts 1,787
b)
Dr Bad debts expense 4,813
(3%×$137,500+$688)
($4125+$688)
Cr Allowance for doubtful accounts 4,813
Final answer:
The question is about making year-end adjusting entries for bad debts expense using the percent of accounts receivable method, given a certain accounts receivable balance and different existing balances in the Allowance for Doubtful Accounts. In Scenario (a), a $1,787 adjustment is needed, whereas in Scenario (b), a $4,813 adjustment is necessary.
Explanation:
The subject of this question is business, specifically focusing on accounting practices for estimating and adjusting for doubtful accounts in accounts receivable. When dealing with the percent of accounts receivable method, the following adjusting entries are used to record bad debts expense:
Scenario (a): $2,338 credit balance before the adjustment
Bad Debt Expense = 3% of $137,500 accounts receivable = $4,125
Adjustment = $4,125 - $2,338 (existing credit balance) = $1,787
Adjusting Entry:
Debit Bad Debts Expense $1,787
Credit Allowance for Doubtful Accounts $1,787
Scenario (b): $688 debit balance before the adjustment
Bad Debt Expense = 3% of $137,500 accounts receivable = $4,125
Total Adjustment needed = $4,125 + $688 (cancel out the debit balance) = $4,813
Adjusting Entry:
Debit Bad Debts Expense $4,813
Credit Allowance for Doubtful Accounts $4,813
If I loan you money for your business, what type of financing am I offering you? a. Equity Capital b. Equity Financing c. Annual Percentage Rate d. Debt Financing
How much does an iPhone 11 cost in Cuba??
Answer:
about 1000
Explanation:
The price of an iPhone 11 in Cuba can vary due to various factors, such as import costs, taxes, and local market conditions. The average wage in Cuba is about $20 per month, making purchasing an iPhone 11 a significant expense. Cuba has restrictions on technology imports and limited internet access.
Explanation:The price of an iPhone 11 in Cuba can vary due to various factors, such as import costs, taxes, and local market conditions. However, it is important to note that the average wage in Cuba is about $20 per month, which makes purchasing an iPhone 11 a significant expense for most people in the country.
Additionally, Cuba has restrictions on technology imports, which can increase the price of electronic devices. Internet access is also limited in Cuba, so the full functionality of an iPhone may not be available.
For the most accurate and up-to-date information on the price of an iPhone 11 in Cuba, it is recommended to check with local retailers or online marketplaces that cater to the Cuban market.
Learn more about iPhone 11 price in Cuba here:https://brainly.com/question/32078880
#SPJ12
59. Which term refers to a pricing policy whereby a firm charges a high introductory price, often coupled with heavy
promotion?
a. Price skimming
b. Penetration pricing
c. Status quo pricing
d. Sales maximization
The term that refers to a pricing policy whereby a firm charges a high introductory price, often coupled with heavy promotion is a. Price skimming
What is Price skimming?
The phrase for a pricing strategy in which a business offers a product at a high initial cost, frequently in conjunction with intensive promotion, is Price skimming
Setting a high starting price for a good or service with the goal of attracting early adopters or clients prepared to pay more is known as price skimming. This tactic is frequently applied to recently released or cutting-edge products. In order to optimize revenue from various consumer categories, the corporation intends to gradually cut the price over time.
QUESTION 4 of 10: The Motley Fool is:
ОООО
a) A rock band
b) A source of financial information that targets expert investors
c) A source of financial information that targets teens
d) A written report that provides detailed information about a fund's holdings
The correct answer is b. A source of financial information that targets expert investors.
The Motley Fool is a private financial and investing advice company that provides financial-oriented content and services to the public. It was founded in 1993 by brothers David and Tom Gardner, and it has built a reputation for offering investment guidance, stock analysis, and personal finance advice. The company's name is derived from Shakespeare's "As You Like It," where the court jester is the only one who can speak the truth to the king and queen without having his head lopped off—hence the idea that The Motley Fool can provide honest and straightforward financial advice.
The Motley Fool primarily targets individual investors and offers a range of free and subscription-based services, including stock market news, analysis, and data; a portfolio tracking tool; and a stock advisor service. While it does not exclusively target expert investors, it is known for providing in-depth analysis and information that can be valuable to both novice and experienced investors. It is not a rock band, nor is it specifically targeted towards teens, and it is not a written report that provides detailed information about a fund's holdings, although it may discuss such information in its analyses.
When thinking of the process of deciding on a career, it is best to think of the process as a _____.
straight path (start here and go there)
final destination (just pick one)
circle (keep going around and around)
spiral in (keep going around and around but narrowing the choices)
Answer:
Spiral in
Explanation:
Straight path can lead you to a random career choice that you do not like. Final destination does not give you enough time to choose something you will be doing for the rest of your life. However, circling will never get you to decide, so the last option is most ideal
A business has a key person insurance policy. Who or what would be the beneficiary of the policy ? A. The children of the key person B. The business
C. The key person D. The investors in the business
Answer: the business
Explanation:
A P E X
Answer:
The business
Explanation:
One positive consequence of conflict is that people often ______.
a.
Enjoy the drama caused by conflict
b.
Have to find new jobs afterwards
c.
Learn more about each other
d.
Keep their silly ideas to themselves
Answer:
One positive consequence of conflict is that people often learn more about each other.
Explanation:
The positive consequence is the founding of positivity in the negative matter. The positive consequence of conflict is people get to know each other.
What is a conflict?The conflict is given as the disagreement or the argument between the two individuals or the groups. The disagreement can be related to a personal cause or to a social matter.
The conflict may result in an increase in the difference between the groups and sometimes may lead to violence as well. The positive consequence of the conflict is however given, as people learn to know more about each other. Thus, option C is correct.
Learn more about conflict, here:
https://brainly.com/question/17085630
#SPJ2
Businesses created in the United States are required to comply with U.S. laws and must act ethically. Recall that the law creates a minimum amount of behavior obligatory by businesses in humanity, whereas ethics requires more. Ethics is a major consideration in examining the actions of managers and the function of business organizations. An ethically minded business focuses on the following:
• Integrity: Focusing on the character of the individuals involved in the decision or action
• Consequences: Focusing on good and bad decisions
• Duties, obligations, and principles: Focusing on fairness, justice, and respect for individuals and property
As the manager of your restaurant, you want to have a clear understanding of how to handle ethical issues that arise. You conduct some research and discover there are six steps to ethical decision making.
Tasks:
1. List, explain, and give an example of the six steps of ethical decision making that businesses can follow.
2. Choose a business that you believe acts ethically and is socially responsible. Once you select a business, provide examples of how your company is acting with social responsibility.
3. Finally, decide whether your restaurant is going to be socially responsible by implementing a corporate social responsibility plan; provide an argument that supports or challenges the decision to implement the corporate social responsibility plan for the restaurant. Provide research, legal terminology, and cite a legal case to support your argument.
I am needing help on how to start this.
Answer:
McDonalds reacts ethically as an example
Explanation:
Hope it helped
Answer:
(Answers may vary.)
Businesses thrive as a part of society. Society has certain expectations of businesses, apart from the goods and services that companies provide. Stakeholders prefer to work with organizations that have good reputations. Businesses prosper if they win the confidence of their customers and stakeholders. For this to happen, businesses need to conduct themselves in a manner that will not harm society. Therefore, businesses need to embrace corporate social responsibility. If a business slips into unethical activities, it may lose its goodwill in society. Every business tries to comply with its own set of ethical standards. To ensure the implementation of appropriate ethical decisions, I will provide my employees with ethical standards or guidelines to ensure that they perform their activities in line with accepted norms. Such guidelines are useful to them for reference in any ethically challenging situation
Explanation:
Plato
Shanon will pay for an annual gym membership that costs $420.00. She has 152.62 in her checking account. What are the pros and cons of using a credit card and debit card for this purchase?
Answer:
I think it’s Debit Card !
Explanation:
Credit cards don’t take directly from your bank, and checks are almost like a “written promise” to pay a little later.
Final answer:
Shanon has to decide between using a debit card, which directly withdraws funds from her account, and a credit card, which allows for immediate purchase but can incur interest. The pros of a debit card include budget control and no debt, while the cons include limited funds and no credit-building. The opposite is true for credit cards, providing rewards and credit-building opportunities at the risk of debt and interest.
Explanation:
When Shanon is considering whether to use a credit card or debit card to pay for her annual gym membership of $420.00, there are multiple factors to consider. The choice depends on her financial situation, benefits associated with each payment method, and her personal spending habits.
Pros of Using a Debit Card:
Directly withdraws money from Shanon's checking account, ensuring she only spends what she has.
Avoids potential interest rates and debt accumulation associated with credit cards.
Helps with budget management and prevents overspending.
Cons of Using a Debit Card:
Limited to the funds available in her account, which in Shanon's case is $152.62; not enough for the full cost of the gym membership.
No credit-building opportunities, as debit card usage is not reported to credit bureaus.
Lacks the rewards and protections that many credit cards offer.
Pros of Using a Credit Card:
Allows Shanon to make the purchase immediately, even if she doesn't have the full amount in her account.
Opportunity to earn rewards, such as air miles for every dollar charged, which can be valuable if she travels.
Can help build Shanon's credit history when used responsibly.
Cons of Using a Credit Card:
If not paid off promptly, she will incur interest on the balance, which can be substantial over time.
Can lead to debt accumulation if not managed carefully.
May encourage spending beyond her means due to the availability of credit.
Considering Shanon's current account balance, using a credit card may seem like the only option if she can't cover the remaining amount with cash or savings. However, she should be wary of the interest costs and ensure she has a plan to pay off the balance to avoid falling into a cycle of debt, especially considering the examples of how carrying a balance can be costly.
The standard format rules for a professional letter should be followed.
True or false.
Answer:
True.
Explanation:
To write a professional letter, some standard format rules need to be followed.
It is necessary that the letter is written using a formal vocabulary, with clear and precise information, in the appropriate format, containing date, information about your professional profile, about the company and a final greeting.
To achieve an important objective, such as getting a job, it is important to have good writing skills to write a professional letter, in order to demonstrate through your arguments, your skills and competences, which can contribute to the success of a company.
Answer:
FALSE
Explanation:
I picked true and got it wrong through OW
The U.S. Bureau of Labor Statistics has a website that can be of great help when researching careers. It contains many types of information, including:
career outlook.
career locations and environments.
Answer choice:
Interests
Salary
Skills
Enjoyment
Answer
Salary
Explanation:
The U.S. Bureau of Labor Statistics' Occupational Outlook Handbook provides in-depth career information, such as career outlook, salary data, required skills, and expected employment growth rates, aiding in career decision-making. Hence, the correct options are B and C.
The U.S. Bureau of Labor Statistics provides a valuable resource via its Occupational Outlook Handbook. This tool offers comprehensive information about various careers, including career outlooks, salary ranges, skills necessary for the job, and the environment where those careers are commonly practiced. Whether you are a student or a job seeker, this resource allows you to research and assess different occupations based on factors such as education requirements, median pay, and projected job growth rates. It's essential for making informed decisions about career paths and understanding what to expect in terms of compensation and job availability.
To use the Occupational Outlook Handbook effectively, you can start by selecting an 'occupation group, which will provide details such as the level of education required, the median pay, and whether on-the-job training is available for careers within that category. Moreover, it showcases statistics like job growth projections, helping to gauge the future demand for certain professions.
Which of the following behaviors are more likely to happen in a GOOD economy?
A. Jordan takes out a loan to start a new business.
B. Alexa takes her money out of the stock market and puts it in
her savings account.
C. Both A and B
D. Neither Anor B
Answer:
A. Jordan takes out a loan to start a new business.
Explanation:
A good economy is one in which individuals and businesses are thriving in general sales and profit, lower rates of unemployment, low poverty rate and higher Gross Domestic Products (GDP).
Jordan taking out a loan to start a new business is a pointer to the fact that, there is an enabling environment for business with low interest rate.
Final answer:
In a good economy, people are more likely to take risks such as starting new businesses, which involves taking out loans. Thus, the behavior ‘A. Jordan takes out a loan to start a new business’ aligns with this economic optimism. Moving money to savings accounts is a cautionary action more typical in a less favorable economy.
Explanation:
When considering which behaviors are more likely to happen in a good economy, it is important to recognize that consumer and business confidence typically increases. In such an economic climate, it is common for:
Individuals to take out loans to fund new business ventures due to easier access to credit and a positive outlook on potential business success.
Investors to keep their money in equity markets rather than moving to safer but lower-yielding savings accounts, expecting stocks to perform well.
Hence, the behavior more likely to happen in a good economy would be ‘A. Jordan takes out a loan to start a new business.’ This demonstrates an optimistic outlook on the economy, which encourages investment and entrepreneurship. On the other hand, behavior ‘B. Alexa takes her money out of the stock market and puts it in her savings account’ is more indicative of a risk-averse strategy that is commonly seen in uncertain or poor economic conditions.
Which MOST CLOSELY matches the style and tone established in these sentences?
A) "I'm glad you guys could make it. This oughtta be a great game," William exclaimed.
B) "If you would hurry up and sit down, I can start the stupid game," exclaimed William.
C) "I am pleased you gentlemen had the opportunity to attend this gathering," William announced.
D) "This competition will likely prove to be exciting. I am happy you all could join me," exclaimed William.
Answer:
A) "I'm glad you guys could make it. This oughtta be a great game," William exclaimed.
Explanation:
I just did it on USA TEST PREP.
Hope this helps.
How can tech companies increase goodwill and indirectly affect profits for parent companies?
Answer:
The only way goodwill can be increased is through the acquisition of another company as a subsidiary. Assume a business acquires a subsidiary for a price that exceeds the total value of the subsidiary's assets.
Explanation:
Cerina likes to make products while ensuring that accidents are kept to a minimum. Which career pathway would be the best fit for cerina?
Answer:
The aanswer is D. Health, Safety, and Environmental Assurance
Explanation:
Cerina likes to make products while ensuring that accidents are kept to a minimum. The career pathway that would be the best fit for Cerina is Health, Safety, and Environmental Assurance. Thus option (D) is correct.
What is health?The health is a state or condition of complete physical, mental, and social well-being and not only the absence of disease or infirmity. The health can also be defined as the ability of a body to adapt to new threats and infirmities.
Nowadays the lifestyle of a person is changing everyone wants to have more growth and success in life. So with physical health the focus should also be given the mental health which refers to a person’s emotional, social, and psychological well-being.
Cerina likes to make products while ensuring that accidents are kept to a minimum. The career pathway that would be the best fit for Cerina is Health, Safety, and Environmental Assurance. Therefore, option (D) is correct.
Learn more about health here:
https://brainly.com/question/8411886
#SPJ6
Look at the image of a company's advertisement. The colored bars signify their spending in education, community service, environmental care,
and marketing. The green bar shows their yearly spending on environmental care. What kind of appeal is the company making by highlighting
their spending on environmental care?
150
Answer:
logical appeal
Explanation:
Answer:
The company has used a graph to make a logical appeal to people who support environmental care.
Explanation:
hoped helped
Using sources the audience will relate to is especially important when developing speeches on questions of value.Please select the best answer from the choices provides. T or F
THE CORRECT ANSWER IS TRUE .
Describe the improvement method for a persuasive speech?The method need to start via way of means of growing the thesis declaration. Once the thesis declaration has been created, most important thoughts need to be developed. Appropriate helping substances need to be selected and integrated into the speech.
When finalizing the speech, the pupil need to make sure that the reassets used are current, credible and applicable. The very last layout of the speech need to emphasis common sense and evidence. Finally, the speech need to virtually join examples and records to the principle thoughts.
What are the facts for a speech?There are numerous distinctive forms of reassets that can be applicable in your speech topic.
Those consist of periodicals, newspapers, books, reference tools, interviews, and websites. It is essential which you understand the way to examine the credibility of every kind of supply material.
Learn more about Developing Speeches here :
brainly.com/question/23704917
#SPJ2
Millions of investors trade in primary and secondary markets. To protect their interests and to help maintain market_______ , these markets are regulated by government bodies.
a-valuation
b-transparency
c-profitability
Answer:
its B FOR PLATO USERS
Explanation:
Answer:
B. transparency
Explanation:
correct on plato
to participate in conservation efforts,
It is important for
a government
b. business
C. citizens
d. all of the above
Please select the best answer from the choices provided
О
А
In product development, what are "specifications"?
O A. Statements of what the product will be like
O B. Trials of the marketing plan in a limited area
O C. Sample products that marketers can use in research
O D. Positive facts about the product
Answer:
the answer is A. Statements of what the product will be like
Explanation:
hope this helps <3 xoxo :)
In product development statements of what the product will be like are specifications. The answer is OPTION A.
Product specifications outline the precise attributes and features of a product, serving as a roadmap for its development. These statements detail key characteristics such as dimensions, materials, performance metrics, and functionalities.
Specifications act as a common reference for design, engineering, and quality assurance teams, ensuring a unified understanding of the end goal. Clear and comprehensive specifications streamline the development process, enhance communication, and facilitate the creation of a product that aligns with customer expectations.
To learn more about Product, click here.
https://brainly.com/question/34586335
#SPJ3
The owner of A La Mode wants to segment the business market for catering.
Which of the following categories might be appropriate?
O
A. Demographic data about the businesses
O
B. Family structures in the community
O
C. Business lifestyles
O
D. Locations of the businesses
Locations of the businesses is the categories might be appropriate. Hence, option D is correct.
What is business market?A business will use a business market as a tactic to provide products or services to a certain consumer. When one firm wants to reuse or resell the products or services of another business, business markets frequently allow sales between businesses.
Fundamentally, a business market is one that meets the needs of other firms. It's a marketplace where businesses offer their goods and services for purchase by other businesses, who may then resell them or use them for their own operations.
Business markets are associations, corporations, or other organizations that purchase products and services to be used in the production of other products and services.
Thus, option D is correct.
For more details about business market, click here:
https://brainly.com/question/25492268
#SPJ5
The correct answer is OA. Demographic data about the businesses is crucial for segmenting a business market for catering, as it helps tailor services to meet the specific needs of different business clients.
When segmenting a business market for catering, it is important to consider various demographic factors related to the businesses themselves. These factors can include the size of the business, the industry it operates in, the average revenue, and the number of employees. For example, larger corporations might require catering for big events or frequent meetings, while smaller businesses might only need catering services occasionally. Similarly, businesses in different industries might have varying preferences for the type of food and the scale of catering services.The other options provided are less directly related to the business market for catering:
OB. Family structures in the community: While this information might be relevant for a business targeting families, it is not as directly relevant to the business catering market, which focuses on businesses rather than individual consumers or families. OC. Business lifestyles: This category is somewhat ambiguous but could potentially be relevant if it refers to the culture and preferences of businesses regarding corporate events and employee perks. However, it is not as clear-cut or quantifiable as demographic data. OD. Locations of the businesses: While the location can influence the decision of which catering service to use (e.g., proximity for delivery purposes), it is not a primary segmentation criterion. Location might be considered alongside other demographic factors but is not sufficient on its own for market segmentation in this context.In summary, demographic data about the businesses (OA) is the most appropriate category for market segmentation in the context of catering services, as it provides actionable insights into the potential needs and preferences of business clients.
A business owner who wants to make adjustments to her company's production would make use
of which of the following?
O
Inventory accounting
O
Managerial accounting
O
Production accounting
O
Financial accounting
Answer:
Option A. Inventory accounting.
Explanation:
Inventory accounting refers to the kind of accounting which deals with the valuation and accounting for any type of change that may occur in inventoried assets.
A company's inventory is made up of the following:
- raw goods,
- in-progress goods, and
- finished goods that are ready for sale.
The goods listed above are in the three stages of production.
The purpose of inventory accounting is to attach a value to the items which exist in any of the three stages of production and therefore, record them as company assets.
Therefore, in the scenario given above if the business owner is to make any change to her company's production, she should make use of inventory accounting, because this is where a record of the materials for production is kept.
Final answer:
A business owner seeking to adjust the company's production would primarily utilize managerial accounting, which provides the necessary information for internal management decisions regarding operational and strategic considerations.
Explanation:
When a business owner is looking to make adjustments to their company's production, they would most likely turn to managerial accounting. This branch of accounting focuses on providing internal management with the information necessary to make informed decisions about production, budgeting, and other operational concerns. Managerial accounting involves analyzing costs, setting prices, determining production quantities, and managing resources efficiently to fulfill a company's objectives.
While inventory accounting deals with the valuation and management of inventory assets, and financial accounting involves the preparation of financial statements for external users, managerial accounting is specifically designed to assist in internal decision-making processes. It provides information to monitor and control business operations and helps in scenario analysis, making it a practical tool for adjusting production levels in response to fluctuating demand or other strategic considerations within the firm.