Enumerate the basic principles of cost control.
Question:
Enumerate the basic principles of cost control.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Cost control is an essential aspect of effective financial management within an organization It involves managing and minimizing costs while maintaining the quality of products or services The followi...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
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
Lam, a PA, is auditing the financial statements of his client, Harvesters Ltd., a company that sells and distributes agricultural equipment across Canada. Lam has performed a preliminary evaluation...
-
What are the basic principles of Theory of Constraints (TOC)? How do these principles impact costs?
-
Which of the following is characteristic of a traditional cost system? a. Reliance on financial performance measures b. Many work in process account transactions c. Many process control points d. All...
-
Assume that you are a consultant for a start-up Internet retailer, Bikes.com, which provides a variety of bicycle parts and accessories in a convenient and effective customer service approach. The...
-
What does par value mean? How does the entry to record the issuance of common stock differ depending on whether the shares have a par value? Provide an example.
-
3. How will a nongovernmental not-for-profit entity record an agency transaction in which it receives resources? a No entry is made in the accounts. b Debit the asset account and credit contribution...
-
Keisha has been inundated with product-of-the-month offers from various marketing companies. She is considering joining a club that allows DVDs to be downloaded from a members-only Web site, but cant...
-
Providence Hospital generates monthly performance reports for each of its departments. The hospital must maintain an adequate staff of attending and on-call physicians at all times, so physician...
-
Explain briefly the following concepts: (a) Sunk cost (b) Differential cost (c) Variance analysis (d) Key factor (e) Cost reduction
-
Explain the meaning of relevant costs in managerial decisions. Give examples.
-
The following long-term debt documentation (indexed K-l), and presented on the next page, was prepared by client personnel and audited by AA, an audit assistant, during the calendar year 2013 audit...
-
The following data apply to Superior Auto Supply Inc. for May 2011. 1. Balance per the bank on May \(31, \$ 8,000\). 2. Deposits in transit not recorded by the bank, \(\$ 975\). 3. Bank error; check...
-
How do you determine whether there is a linear correlation between two variables \(x\) and \(y\) ? Use Table 14.10. Table 14. 10 n a = 0.05 0.950 0.878 4 5 6 0.811 7 0.754 8 0.707 9 0.666 10 0.632 11...
-
Comparative Analysis Problem: Columbia Sportswear Company vs. Under Armour, Inc. The financial statements for the Columbia Sportswear Company can be found in Appendix A and Under Armour, Inc.'s...
-
The following information is available for Book Barn Company's sales on account and accounts receivable: After several collection attempts, Book Barn wrote off \(\$ 4,500\) of accounts that could not...
-
The following information comes from the accounts of Jersey Company: Required a. There were \(\$ 170,000\) of sales on account during the accounting period. Write-offs of uncollectible accounts were...
-
If you were going to apply statistical methods to analyze teacher evaluations, which question form, A or B, would be better? Form A: In your own words, tell how this teacher compares with other...
-
Hardin Services Co. experienced the following events in 2016: 1. Provided services on account. 2. Collected cash for accounts receivable. 3. Attempted to collect an account and, when unsuccessful,...
-
Explain the main conceptual issue under variable costing and absorption costing regarding the timing for the release of fixed manufacturing overhead as expense.
-
Explain the main conceptual issue under variable costing and absorption costing regarding the timing for the release of fixed manufacturing overhead as expense.
-
Explain the main conceptual issue under variable costing and absorption costing regarding the timing for the release of fixed manufacturing overhead as expense.
-
Saly paid $52,000 a year paid on a weekly basis. last pay she had $250 withheld in Income Tax, $48.97 for CPP and $15.80 for EI. an additional $and 25.00 in tax are deducted each pay. She allowed to...
-
Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits...
-
Which of the following partnership items are not included in the self-employment income calculation? Ordinary income. Section 179 expense. Guaranteed payments. Gain on the sale of partnership...
Study smarter with the SolutionInn App