on 6/25, supplies costing $1,000 were purchased, but only $400 of this amount was paid on 6/25. the remainder of the bill went on account. to record this transaction on 6/25: supplies would be increased by $

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Answer 1

If the remainder of the bill went on account. To record this transaction on 6/ 25: Supplies would be increased by $1,000; Cash would be decreased by $400; Accounts Payable would be increased by $600.

Supplies, cash, account payable

a. Since supplies costing $1,000 was purchased , supplies would be increased by $1,000.

b. Cash would be decreased by $400

($1,000-$600)

c. Accounts Payable would be increased by $600

($1,000-$600)

Therefore to record this transaction on 6/ 25: Supplies would be increased by $1,000; Cash would be decreased by $400; Accounts Payable would be increased by $600.

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Related Questions

The two pivotal factors that distinguish one competitive strategy from another boil down to.

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The two pivotal factors that distinguish one competitive strategy from another boil down to:

(1)whether the company's market target is broad or narrow, and (2) whether the company is pursuing a competitive advantage linked to lower costs or differentiation.

broad differentiation, best-cost provider, low-cost provider, focused differentiation, and focused low-cost strategies are examples of generic competitive strategies.  T he following generic types of competitive strategies is usually the "best" strategy for a business to use

What distinguishes focused (or market niche) strategies from broad differentiation strategies and low-cost leadership is their concentrated interest on serving the needs of buyers in a small portion of the overall market significantly lower overall costs than competitors on comparable products.

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why is the value added by each producer included in the calculation of gdp instead of its sales revenue?

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The value added of an industry, also known as gross domestic product (GDP)-by-industry, is the amount that a government or private sector contributes to overall GDP.

Figures for the Gross Domestic Product

An economy's output is measured by its gross domestic product (GDP) over a specific time period. More specifically, the term "gross domestic product" refers to the "market worth of all final goods and services produced within a country in a given period of time." The methods typically used to calculate the gross domestic product of an economy include the following:

The method of output (or production) Utilizing the market prices for each of the final commodities and services, weight the total production of all products produced in an economy over a certain time period.

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Car dealerships make more money on financing than they do on the car. What does that tell you about the value of financing? who wins and who loses when a car is financed? why?.

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It shows financing plays a very big part in how dealerships make their money. When a car is financed, the dealership wins and the buyer loses because interest rates are much higher for the buyer through financing a car.

Financing is the process of offering funds for commercial enterprise activities, making purchases, or making an investment. Financial establishments, along with banks, are within the enterprise of supplying capital to organizations, customers, and buyers to assist them to obtain their desires. Using financing is critical in any economic system because it permits groups to purchase products out of their on-the-spot attain. Positioned in a different way, financing is a way to leverage the time price of cash to place future expected money flows to use for tasks started out nowadays. Financing additionally takes benefit of the truth that some individuals in an economic system could have a surplus of cash that they wish to position to work to generate returns, at the same time as others demand money to adopt funding, growing a marketplace for the money.

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classify each scenario according to whether the change in quantity is caused by a shift of the supply curve or movement along it. you are currently in a sorting module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. shift of the supply curve movement along the supply curve

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The following would lead to a movement along Shift of Supply curve

Rising wages in Toronto result in movement in Toronto After Discovering that flash steaming tuna before using mechanical processes to extract meat removes more tuna flesh more cans of tuna arrive on the shelves at all major grocers Amplitude decides to join the smartphone mkt

The following would lead to a Movement along Supply curve

A National Consumer product company produces less of its premium quality soap as a result of lower soap prices American sell their gold and silver jewelry as a result of rising prices

What is Supply curve?

On the majority of supply curves, as a good's price rises, so does the amount supplied.Supply curves may frequently predict whether a commodity's price will rise or fall in response to demand, and vice versa.For products with greater elastic supply, the supply curve is shallower (near to horizontal), whereas for products with less elastic supply, the supply curve is steeper (closer to vertical).The two main tenets of the law of supply and demand are the supply curve and the demand curve.The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.

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n2care is marketing its medcottages to senior citizens and their family members. in addition, the company must consider the family life cycle stage of consumers purchasing medcottages. n2care is primarily using

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The "MEDCottage" was developed by N2Care, a Salem-based business, for senior citizens who have no plans to enter a nursing facility in the future. 78 million aging boomers may choose the MEDCottage concept, a small (288 sq ft) prefab building intended to be built up on a caregiver's property, according to N2Care founder Kenneth Dupin, who claimed that he was "throwing down a bedpan gauntlet at the steps of the White House and Congress."

Giving seniors a place to reside that has cutting-edge technology and would keep them near loved ones gives caretakers piece of mind since they won't have to worry about their ailing and elderly family members being too far away. According to information from N2Care, the MEDCottage, which was recently introduced at a news conference, contains a communication center, robotic technology, and environmental controls at "a fraction of the expense of a hospital or nursing home."

The family life cycle refers to the emotional and intellectual stages a family member experiences from childhood to retirement. You encounter difficulties in your family life at each level that provide you the chance to develop or learn new abilities.

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the income statement for the month of february indicates a net income of $17,500. during the same period, $25,500 in cash dividends were paid.

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The statement that the corporation is experiencing a $8000 net loss is untrue, because a portion of earnings go to dividend.

Dividends may be issued from both current year and prior year incomes (Retain earnings)

Therefore, it is inaccurate to state that the corporation is experiencing a $8000 net loss.

What is dividend?

A corporation's payout of earnings to its shareholders is known as a dividend. A corporation is allowed to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are seized and reinvested in the company (called retained earnings).

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aaron received a state income tax refund in 2021 for state taxes he overpaid in 2020. he was able to reduce his 2020 federal tax liability by itemizing and claiming a deduction for state and local income taxes paid that year. when aaron files his 2021 return, he may need to report all or part of the state tax refund he received in 2021 as:

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Based on the information provided, When Aaron files his 2021 return, he may need to report all or part of the state tax refund he received in 2021 as: (Option B)  - Recaptured Credit.

What is state tax refund?

A tax refund is a payment made to a taxpayer for any excess amount paid to the federal or state governments.

While most taxpayers regard a refund as a windfall or a stroke of luck, it frequently reflects what amounts to an interest-free loan paid to the government by the taxpayer.

What is Recaptured Credit?

If you are required to file IRS Form 4255, you may be required to repay a tax credit collected in previous years.

This process which is known as recapture occurs when you claim a credit—in this example, a credit for a certain sort of company investment—and subsequently no longer qualify for that credit.

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Full Question:

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chill is an ice-cream manufacturer in a predominantly agrarian nation. chill does not spend too much on marketing its products. instead, it focuses on improving the processes through which it manufactures ice cream. chill believes that the quality of the ice cream alone is enough to differentiate itself from other manufacturers and generate sales. in this scenario, chill’s marketing strategy is

Answers

Answer:Production Oriented

Explanation:

beginning stockholders' equity was $138,040. ending stockholders' equity was $224,900. additional issuances of capital stock during the year amounted to $19,200. dividends during the year amounted to $12,600. how much was net income for the year?

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Beginning stockholders' equity was $138,040. ending stockholders' equity was $224,900. additional issuances of capital stock during the year amounted to $19,200. dividends during the year amounted to $12,600.Net income for the year will be $80260

Net income = Dividends - Beginning equity - Shares issued + Ending equity

=12,600 - 138,040 - 19200+224900

=$80,260

Net income was thus $80,260.

The Retained Earnings account is such a line item which connects the Income Statement to the Balance Sheet. The Retained Earnings balance will  always increase with the increase in income earned during the period and will always decrease for every dividend declaration made.

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a company issued 9%, 5-year bonds with a par value of $490000. the market rate when the bonds were issued was 10%. the company received $124,979 cash for the bonds. using the effective interest method, the amount of interest expense for the first semiannual interest period is: multiple choice $6,500.00. $5,850.00. $12,497.90. $11,700.00. $6,248.95.

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The correct answer of this question is $6420.95.

Given here, the market rate is 10% and the time is semiannual period (1/2 year)

Now we calculate, Amount of interest expense by the formula,

Amount of interest expense = Principal × Rate × Time

                                                = 124979 × 10% × ½

                                                = 6248.95 $

So, the amount of interest expense for the first semiannual interest period is 6248.95$.

Interest expense made by a business on any bonds, loans, convertible debt, and lines of credit are included in interest expenditure, which is a term used to describe the cost of borrowing money.

Margin interest, which is charged in taxable brokerage accounts when borrowed money is used to buy investments, is also included in interest expense. A company’s interest expense is included on its income statement and represents the interest accrued, but not necessarily paid, over a specific period of time.

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there are dozens of laptop manufacturers around the world. according to the idea of efficient production, there should only be one laptop manufacturer, making laptops at the lowest marginal cost. government regulation will ensure that every firm produces at the lowest marginal cost. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms. a competitive market will drive most manufacturers out of business, leaving just a few firms to produce at the lowest possible cost.

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Each firm independently decides how many laptops to produce and the marginal cost of the last unit produced will be the same for all firms.

Marginal cost refers back to the increase or decrease inside the price of manufacturing one extra unit or serving one greater consumer. It's also referred to as incremental price.

What is marginal cost give example?

Marginal cost is the brought price to produce an extra suitable. As an example, say that to make one hundred vehicle tires, it expenses $100. To make one extra tire could value $80 then the marginal cost: how a good deal it expenses to create one additional unit of a great or service. The fees of manufacturing determine the marginal cost.

What does marginal cost formula?

Marginal cost is calculated as the overall fees required to manufacture one extra good. Therefore, it could be measured via modifications to what expenses are incurred for any given extra unit. Marginal fee = change in general fees / alternate in amount of units Produced.

Why marginal cost is vital?

The marginal cost of manufacturing is used to measure the trade within the fee of a product resulting from the manufacturing of an additional unit of output. While the enterprise reaches the gold standard manufacturing degree, producing extra units will boom the price of manufacturing per unit.

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identify the situation(s) in which a production-oriented firm can survive or prosper in the marketplace.

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The situation(s) in which a production-oriented firm can survive or prosper in the marketplace.

b. When demand exceeds supply

c. When competition is weak

This is further explained below.

What is a marketplace?

Generally, A marketplace, sometimes known as a marketplace, is a site where people often congregate in order to buy and sell a variety of things, including groceries, animals, and other items.

In conclusion, The situation(s) in which a production-oriented firm can survive or prosper in the marketplace.

b. When demand exceeds supply

c. When competition is weak

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complete question

Identify the situation(s) in which a production-oriented firm can survive or prosper in the market place.

Select one or more:

a. When competition is strong

b. When demand exceeds supply

c. When competition is weak

d. When supply exceeds demand

imagine that your health care organization is trying to reduce worker fatigue. your improvement team is working on a planned nap program in which you offer the opportunity for staff members working a shift of more than 12 hours to take a planned nap. you have identified a designated room for the nap, and you have communicated with the staff about the importance of rest in ensuring patient safety. unfortunately, data reveal that workers are not taking advantage of the program. your team is frustrated, because this program worked at another hospital in a neighboring town. what would be a good way for the team to respond to the resistance to the change?

Answers

A good way for the team to respond to resistance to change is to show them with evidence that the implementation of these naps does have positive effects on work results.

How to persuade the group?

There are different ways to persuade the group depending on the personality of each individual. However, one way that works for most people is through true and verifiable evidence about a phenomenon or trend.

According to the above, it can be inferred that the best option for this work group is for the boss to show the employees that if they take a nap for every 12 hours of work, their work results will improve and their attention will be better for all patients.

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one bag of flour is sold for $1.00 to a bakery, which uses the flour to bake two loaves of bread that are sold for $3.00 each to consumers. a second bag of flour is sold for $1.00 to a grocery store, which sells it to a consumer for $2.00. taking these transactions into account, what is the effect on gdp?

Answers

Taking these transactions into account, the effect on GDP is that GDP increases by $5.00.Thus the correct option is B.

What is a consumer?

A consumer is referred to as an end user of any product. He is the person who utilized or consumes the goods. For example, when parents purchase baby food, they will be considered as customers, not consumers the consumer is a kid.

Gross Domestic Product is The sum of all the finished items and services produced inside a nation's boundaries during a certain time period in terms of money or market value.

Since bread flour is an intermediate good, its value will not be included. However, the cost of bread will be included.

Thus, an increase in GDP

= $3 + $2

= $5

Therefore, option B is appropriate.

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The complete question is

One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold for $1 to a grocery store who sells it to a consumer for $2.00. Taking these four transactions into account, what is the effect on GDP?a. GDP increases by $3.00.b. GDP increases by $5.00.c. GDP increases by $6.00.d. GDP increases by $7.00

solow corp. has a bond with annual interest payments of $210 maturing in 18 years at a value of $1,000 per bond. the current market price is $930. what will the nominal yield be

Answers

Yield to maturity (YTM), a crucial indicator used in the bond market, expresses the overall rate of return anticipated from a bond once all of its future interest payments have been made and the bond's principle has been repaid. But unlike bonds with a coupon rate, zero-coupon bonds (z-bonds) don't have recurring interest payments, therefore YTM calculations don't apply to them.

From year to year, the yield to maturity may vary. It is reliant on variations in the market's average bond prices. Consider the scenario when investors are more inclined to hold bonds as a result of economic ambiguity. Then it is expected that bond prices will increase, pushing up the denominator in the yield to maturity formula and lowering the yield.

((Annual Interest Payment)) / ((Face Value + Current Price) / 2) / ((Face Value - Current Price) / (Years to Maturity))

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teece, profiting from technological innovation: implications for integration, collaboration, licensing and public policy, rsch. policy

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Establishes a framework inside which to research the earnings distribution of improvements and determines the reasons why imitators may additionally outperform innovators. First, the three essential constructing blocks vital to give an explanation for the distribution of improvements are discussed

The appropriability regime, complementary assets, and the dominant design paradigm. the imitation method and the distribution of income among innovators and followers are tested by using bearing on those three ideas. Then the ideal management shape is proposed which the innovator must establish over crucial, complementary assets.

In the end, implications for the R&D approach, enterprise shape, and change regulations are discussed. analysis suggests that firm obstacles are an important strategic variable for firms that innovate. additionally, innovator possession of complementary property can be the deciding component in whether innovators or imitators outperform each other in garnering the most financial return from innovation.

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when a firm with market power produces less than the socially efficient level of output, there would be to society of producing one more unit.

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A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.

Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.

In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.

An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.

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which one of the following statements is corre taxable income earned by a partnership is treated as individual income.

Answers

The correct statement is Income from both sole proprietorships and partnerships that is taxable is treated as individual income.

What is tax?

In order to raise money for important public projects like providing the best infrastructure and services, a government must levy taxes on individuals and businesses. The revenues raised are then used to fund other public expenditure programs.

A tax is a mandatory financial charge or other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures.

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ginnie has an interest-only home equity loan at an annual interest rate of 7%. if her monthly payment is $1,458, how much is the loan’s principal balance (rounded to the nearest dollar)?

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Ginnie has an interest-only home equity loan at an annual interest rate of 7%. if her monthly payment is $1,458, $250,000 is the loan’s principal balance (rounded to the nearest dollar).


$1,458 x 12 months = 17,496

17,496 / 0.07 =$249,942

$250,000 is the correct answer.

What is Loan Principal Balance?
Principal is the initial sum of a loan in the context of borrowing; it can also refer to the balance still owed on a loan. The principal of a $50,000 mortgage, for instance, is $50,000. If you pay down $30,000, the remaining $20,000 is the primary balance. The principal of a loan determines how much interest you pay. The amount of your monthly loan installments is applied to the accrued interest first and only then to the principle when you make a payment. The only method to lower the amount of interest that accrues each month is to reduce the loan's principal.

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According to management scholar gary hamel, companies like apple have succeeded because their spirit of _____ has allowed them to reinvent the basis of competition within an existing industry.

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According to management scholar Gary Hamel, companies like apple have succeeded because their spirit of strategy innovation has allowed them to reinvent the basis of competition within an existing industry.

Apple is a market leader in the development and sale of electronic devices. Innovation is the ability to be creative, that is, to come up with new ideas as an entrepreneur, either to develop a business strategy or to preserve one in an established industry. Apple's strategy innovation has enabled it to recreate the basis of competition inside an existing industry. This is the same with other companies like Apple

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According to management scholar Gary Hamel, companies like apple have succeeded because their spirit of strategy innovation has allowed them to reinvent the basis of competition within an existing industry. These three tactics are required for any organization, in whatever industry: Manage your company. Change your company.  

Strategic innovation is the process by which an organization reinvents or redesigns its corporate strategy in order to drive business growth, generate value for the firm and its customers, and gain a competitive edge. This form of innovation is required for enterprises to keep up with the rapid pace of technological change. Reimagine your company.

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estrella likes to keep the company on top of its game by keeping her eye on the industry and the company’s competitors and hiring the best and brightest talent.

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We can actually deduce here that the statement, Estrella likes to keep the company on top of its game by keeping her eye on the industry and the company’s competitors and hiring the best and brightest talent shows that she is creating a learning organization by creating and acquiring knowledge.

Who is a company's competitor?

A company's competitor is actually known to be another company that creates or produces similar products and services of a company and tries to stand out than that company in sales and customer acquisition.

We see here that Estrella who likes to keep the company on top of its game by keeping her eye on the industry and the company’s competitors and hiring the best and brightest talent is creating a learning organization.

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negotiation is a process reserved only for the skilled diplomat, top salesperson, or ardent advocate for an organized lobb

Answers

Correct answer is false.

According to Iragorri (2003), an effective negotiation is being able to achieve mutual agreement by peaceful means. The process of a negotiation in diplomacy goes through five important stages that is, preparation, discussion, proposing, bargaining and settling process.

Negotiating parties vary and can include buyers and sellers, an employer and prospective employee, or governments of two or more countries and many others therefore, negotiation is not only reserved for skilled diplomat, top salesperson, or ardent advocate for an organized lobb.

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which role ensures progress is tracked and visible to everyone, and also encourages the team to take on more responsibility?

Answers

The Scrum Master is in charge of making sure that everyone can track and see progress. However, it is the team members' responsibility to assist by updating the group on their individual job progress.

What is a Scrum Master's process?By ensuring sure the scrum format is adhered to, the scrum master contributes in enabling scrum for the larger team. He or she is committed to the scrum concepts and procedures, but they should also be flexible and open to opportunities for the team to improve efficiency. Being a scrum master is an excellent career path that provides significant perks and outstanding growth opportunities for people with team management experience.

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if aggregate demand is growing faster than long-run aggregate supply, the federal resrve is most liekly to

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If aggregate demand is growing faster than long run aggregate supply, the Federal Reserve is most likely to -  sell securities on the open market.

What does the Federal Reserve simply do?

The Federal Reserve provides the USA with a secure, bendy, and strong financial and monetary device. The Fed's most important obligations include engaging in countrywide monetary coverage, supervising and regulating banks, maintaining economic balance, and supplying banking services.

Is the Federal Reserve part of the government?

The Federal Reserve Banks aren't part of the federal authorities, but they exist due to an act of Congress. Their cause is to serve the general public.

How effective is the Federal Reserve?

The U.S. primary banking gadget—The Federal Reserve, or the Fed—is the maximum effective economic institution within the USA, possibly the arena. Its core obligations include placing hobby quotes, managing the money supply, and regulating economic markets.

How does the Federal Reserve make money?

The Federal Reserve is not funded by means of congressional appropriations. Its operations are financed generally from the hobby earned at the securities it owns—securities obtained within the course of the Federal Reserve's open marketplace operations.

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maybe a play around how iot is making hybrid work a reality for the manufacturing/construction sector (

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Making conventional factories into intelligent environments is possible with the help of the Industrial Internet of Things (IIoT). IoT in manufacturing is causing unheard-of disruption and has the potential to increase production and efficiency while making factories safer for frontline employees.

The Internet of Things (IoT)
The Internet of Things (IoT) refers to physical objects (or groups of such objects) that are equipped with sensors, processing power, software, and other technologies that connect to and exchange data with other devices and systems over the Internet or other communication networks. The term "Internet of Things" has been deemed misleading because devices do not need to be connected to the public internet; instead, they must be connected to a network and be individually addressable.

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bpmn blank is anything that happens during the course of a business process, including customer requests, time requests, and the end of the process.

Answers

The answer is event.

A BPMN event takes place when a business process progresses.

What is BPMN event?

The Business Process Model and Notation is the graphical depiction of a business process model used to describe business processes (BPMN).

Since the Object Management Group (OMG) and the Business Process Management Initiative (BPMI) amalgamated in 2005, BPMN has been managed by the OMG. BPMN 2.0 was introduced in January 2011; the name was changed to Business Process Model and Notation to emphasize the inclusion of execution semantics in addition to the already existing notational and diagramming features.

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flattened organizational structures require more open communication but transparent communication can lead to complications if management is not well trained. flattened organizational structures require more open communication, but transparent communication can lead to complications if management is not well trained. flattened organizational structures require more open communication, however, transparent communication can lead to complications if management is not well trained. flattened organizational structures require more open communication, transparent communication can lead to complications if management is not well trained.

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Flat organisational structure is an organisational standard with relatively rare or no levels of middle management between the executives and the frontline workers. Its goal is to have as little scale as possible.

Characteristics of flat organizational structureFocus on the consumers.Strong emphasis on teams and cooperation.Flexibility between departments and jobs.Broadly specified jobs.Few levels of management.A decentralized management approach.Which company has flat organizational structure?

Nike's flat structure, also understood as a matrix structure, consists of several divisions divided into subsidiaries: Converse, Hurley and others, which all lead to Nike's global headquarters.

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an economic and disease transmission model of human papillomavirus and oropharyngeal cancer in texas

Answers

Human papillomavirus(HPV) was blamed for over 70% of OPC cases. However, just 51% of teenagers in the United States and 43.5% of those in Texas have had all four HPV vaccines.

What is infection with the human papillomavirus?

Skin-to-skin contact is how the viral illness known as the human papillomavirus (HPV) is spread from one person to another. There are more than 100 different types of HPV, more than 40 of which are transmitted through sexual contact and can harm your mouth, throat, and genitalia. According to the Centers for Disease Control and Prevention (CDC), the most common sexually transmitted disease is HPV (STI). It is so common that it occurs in most sexually active individuals at some point, even if they have few sexual partners. However, some types of his HPV can lead to the growth of genital warts, and malignant tumors of the throat, cervix, and anus.

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if when making the decision about whether to move their plant to honduras, smooth ride management considered how they would feel if details of the move were the focus of a headline story on the front page of the wall street journal, which test would they be applying?

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If details of the move were the focus of a headline story on the front page of the wall street journal, The public disclosure test they are applying.

What is the Public disclosure test?

This is a test or procedure to ascertain whether the corporation will provide full disclosure to the general public and stakeholders. The test of public transparency has strengths and weaknesses.

Any non-confidential communication that an inventor or invention owner makes available to one or more members of the public, disclosing the existence of the invention, is referred to as a "public disclosure."

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department a has 1,000 square feet and department b has 2,000 square feet. assuming an allocation rate of $0.50 per square foot, a total of $ should be allocated to department b.

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Department a has 1,000 square feet and department b has 2,000 square feet. assuming an allocation rate of $0.50 per square foot, a total of $ should be allocated to department b is $1000 .

It is calculated as follows:

Allocation rate = $0.50

Department A has square feet = 1000 square feet

Allocation to be done = $0.50*1000

                                    = $500

Department B has square feet = 2000 square feet

Allocations to be done = $0.50*2000

                                      = $1000

Allocation refers to the distribution of cost to the different entities or department.

Cost allocation is the study of cost management which helps in decision making. It helps to know the performance of the respective department and the profitability from that particular department. It helps in  making comparisons also. It is time consuming process.

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