''Cost accounting is a system of foresight and not a postmortem examination, it turns losses into profits,...
Question:
''Cost accounting is a system of foresight and not a postmortem examination, it turns losses into profits, speedsup activities and eliminates waste.'' Discuss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
The statement Cost accounting is a system of foresight and not a postmortem examination it turns losses into profits speeds up activities and eliminates waste highlights the proactive and strategic na...View the full answer
Answered By
Collins Njuguna
I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college.
My teaching method is based on the idea of hands-on learning. I believe that students learn best when they are actively engaged in the learning process, so I focus on giving students the tools they need to explore the material on their own. I also emphasize the importance of practice and review, as these are essential for mastering math concepts.
I have also developed several online and in-person courses on mathematics. My courses are designed to help students learn mathematics in an efficient and comprehensive way, and I use a variety of activities and exercises to ensure that my students are engaged and motivated.
Overall, my passion for mathematics and teaching has allowed me to be a successful tutor and educator in the field. I am confident that my experience will help your students master the mathematics they need to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
develop a trial balance, complete with an appropriate three-line heading 1. Bought office equipment from Peckoff Equipment Co. on 30-day credit terms, $1,390. Purchase Invoice #2071. Ledger Entries:...
-
Joel Deaine, CEO of Deaine Enterprises, Inc. (DEI), is considering a special offer to manufacture a new line of womens clothing for a large department store chain. DEI has specialized in designer...
-
Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance Refer to Cornerstone Exercise 9.1. Guillermos Oil and Lube Company provided the following information for the...
-
Initially there is no magnetic flux through a conducting loop. A magnetic field near the loop is then suddenly turned on, and \(5.0 \mathrm{~s}\) later the magnetic flux through the loop is \(1.0...
-
Miller Manufacturing Company started operations on January 1, 2015. During 2015, the company engaged in the following transactions. 1. Issued common stock for $80,000. 2. Paid $20,000 cash to...
-
1 What is HRM? Explain the Functions of HRM? 2 What is HRP? Explain the process of HRP? 3 4 5 6 7 What is Recruitment? Explain the factors affecting Recruitment. What are the different Sources of...
-
State the primary objectives of installation of a costing system. Apart from technical costing problems, what practical difficulties would you meet and how would you overcome them?
-
Explain the important objectives of cost accounting.
-
In Problems 1-2, find the global maximum value and global minimum value of ( on S and indicate where each occurs. 1. ((x, y) = 3x + 4y; S = {(x, y): 0 ( x ( 1, -1 ( y ( 1} 2. ((x, y) = x2 + y2; S =...
-
What is a difference between a Giffen good and a Veblen good?
-
Two producers act on a market of some homogeneous product. The first of them has a position of the leader and the other a position of the follower. The demand for this product evolves according to a...
-
Justify that in the static Arrow-Debreu-McKenzie model vector functions of the demand and of the supply are determined endogenously.
-
What are basic properties of a Marshallian demand function and of an indirect utility function?
-
What is meant by discriminatory pricing practised by a monopolist for one product intended for two independent markets of the same product?
-
Explain how restricted gifts and grants are accounted for by public colleges and universities. Compare this with the accounting for restricted gifts and grants by private colleges and universities.
-
Experiment: Tossing four coins Event: Getting three heads Identify the sample space of the probability experiment and determine the number of outcomes in the event. Draw a tree diagram when...
-
Describe the accrual accounting rate-of-return method. What are its main strengths and weaknesses?
-
Describe the accrual accounting rate-of-return method. What are its main strengths and weaknesses?
-
Describe the accrual accounting rate-of-return method. What are its main strengths and weaknesses?
-
Richard and Philip are lawyers and have been in partnership for over 10 years. Richard being a senior partner draws a salary of 20,000 per annum and the balance of the profit shared equally. Lien who...
-
Sheridan Zone Corporation experienced the following variances: materials price $390 U, materials quantity $1,870 F, labor price $880 F, labor quantity $550 F, and total overhead $1,320 U. Sales...
-
At the end of the current period, a company checks its physical inventory against its records and discovers the following. 1,700 units (products) were in the warehouse. 23 of the 1,700 units in the...
Study smarter with the SolutionInn App