Why dont most service organizations have inventories (other than supplies)?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Service organizations do not have a tangible good Therefore ...View the full answer
Answered By
Deborah Joseph
My experience has a tutor has helped me with learning and relearning. You learn everyday actually and there are changes that are made to the curriculum every time so being a tutor has helped in keeping me updated about the present curriculum and all.
I have also been able to help over 100 students achieve better grades particularly in the categories of Math and Biology both in their internal examinations and external examinations.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why should you write your goals down? a. so you don't forget them b. so other people know what they are c. it is one step for ensuring success d. so you don't change your mind
-
Most organizations do not have a single, centralized system that shares data across all transaction processes. Instead, organizations tend to have different systems for different processes or...
-
Why are service organizations often ideally suited for activity-based costing?
-
The passage indicates that the late 1850s Democrats: F. Were all Southern slaveholders who wanted to expand slavery into the territories. G. Used legislation in the early 1850s to support their...
-
Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information regarding budgeted sales for the last quarter of the year is as follows: Past experience shows that 5%...
-
A 20-year-old student wants to save $3 a day for her retirement. Every day she places $3 in a drawer. At the end of each year, she invests the accumulated savings ($1,095) in a brokerage account with...
-
A milk processing unit claims that, of the processed milk converted to powdered milk, \(95 \%\) does not spoil. Find the probabilities that among 15 samples of powdered milk (a) all 15 will not...
-
On December 31, 2014, Alpha Corporation, valued at $10 million, acquired BetaCo when BetaCo was valued at $5 million. BetaCo holds a capital loss carryforward of $220,000 and excess business credits...
-
A $1,000 par value bond that pays interest annually just paid $106 in interest. What is the coupon rate? Q2) A 09.60% coupon, 21-year annual bond is priced at $986. What is the current yield for...
-
A 30-year-old man is admitted to the hospital with neurologic impairment, fever, edema, bruising, and bleeding gums. Manual differential counts: WBC: 12.3 Band neutrophils: 5 RBC: 2.60 Segmented...
-
Compare and contrast job costing and process costing systems.
-
Why is operation costing called a hybrid costing method?
-
Define each of the following terms: a. Dynamic SQL b. Correlated subquery c. Embedded SQL d. Procedure e. Join f. Equijoin g. Self join h. Outer join i. Function j. Persistent Stored Modules (SQL/PSM)
-
2- A taxpayer disposed of an equipment used in one's trade or business at FMV of $100. The equipment was purchased at $100 and took depreciations of $40 prior to the disposition.Determine the tax...
-
Use the information in the ledger accounts. Nov. 8 Nov. 30 114,000 9,600 Cash Land Building Nov. 1 144,000 Nov. 8 40,320 Nov. 8 84,000 Nov. 8 70,320 Nov. 25 Nov. 30 14,400 1,680 Nov. 15 Office...
-
At a recent team meeting, two staff members discussed the pros and cons of hashing and encryption. In the end, both agreed that companies would prefer to use encryption over hashing. They did not see...
-
Debtors are among the elements of current assets, which refer to the value of debts owed to the establishment by others, and it is normal for some debtors to fail to pay the value of the debts owed...
-
1. What type of business would potentially use the percentage of completion method for revenue recognition? 2. Would it be better for a business to have a deferred tax asset, a deferred tax...
-
True Or False Landowners cannot necessarily sue for an invasion of their airspace.
-
On October 31 Juanita Ortega, owner of Outback Guide Service, received a bank statement dated October 30. Juanita found the following: 1. The checkbook has a balance of $2,551.34. 2. The bank...
-
Create class fancyTime with the following capabilities: a) Output the time in multiple formats, such as HH:MM:SS a.m. / p.m. (12 hour format) HH:MM:SS (24 hour format) HH:MM (24 hour format) b) Use...
-
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity...
-
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity...
-
Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor of the company believes that costs are driven...
-
How does lean production facilitate effective communication and collaboration across departments?
-
2. The idiophones in gamelan ensembles occur in pairs. The longest bar on a particular gamelan pair has a fundamental frequency (pitch) of 100Hz. Call this gamelan A. (a) (3 points) What are two...
-
The authors of The Creation of Inequality make the point that the Ice Age had barely thawed when some of our ancestors began "surrendering bits of equality." And that process unfolds across 15,000...
Study smarter with the SolutionInn App