Define Differential Cost
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
Write a brief note on the things which Weaknesses comprises?
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What do you mean by the term changing business landscape?
Briefly describe the main purpose of the business?
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
Write a brief note on the things which Threats to business comprises?
Write a brief note on the things which Strengths comprises?
Describe the status of partnership from an accounting point of view? Answer: From an accounting point of view, partnership is a separate business entity. From legal
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