Answer:
where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.
Explanation:
Process costing can be regarded as accounting methodology which helps in tracing and accumulation of direct costs, s well s allocation of indirect costs of a manufacturing process. In this method, Costs are been assigned to products, and this is usually in a large batch, and could encompass an entire month's production.
It should be noted that process costing system is employed in those situations where where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.
The approximate internal rate of return for this investment is $0.054.
<h3><u>
What is rate of return?</u></h3>
- The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR).
- You determine the percentage change from the start of the period to the end when computing the rate of return.
- Any type of investment instrument, including real estate, bonds, equities, and fine art, can be subject to a rate of return (RoR).
Any asset can be used with the RoR as long as it is purchased once and generates cash flow at some point in the future. The attractiveness of various investments can be determined, in part, by comparing their historical rates of return to those of comparable assets.
We have, (Net Annual cash inflow x PV of an Annuity of 1 at 10%) - Initial Investment = Net present value (find closest to zero))
($17,514 x 4.111) = $72000.054 - $72,000 = $0.054 (closest to zero).
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<u>Answer:</u>
Jiffy-Pop’s popcorn, in this case, is an example of <u>innovative packaging.</u>
<u>Explanation:</u>
The days have passed when packaging is merely a means to secure and label an item. These basic tasks must be performed by packaging in a successful product, however the effect of packaging is progressively higher. It's often appropriate to create many design elements in tandem, so that they are the best and most efficient packages within the project's objectives and limitations.
A new update or innovation may attract customers who are searching for economic benefit or who think they have an unsatisfied need or want. In the case of Jiffy-Pop, the customer need not to buy a skillet and a bowl to cook and place the popcorn, in fact both these functions are performed by the outer innovative packaging done by the Jiffy-Pop’s popcorn itself. Thus, customers tend to buy this product more compared to others.
Answer: Description, Date, and Amount.
Answer: a) Information that is relevant to the case.
Explanation:
A legitimate reason for this examination of document is because it's the document that's involved or relevant to the case.
