Pretend you are talking to a client who is not a numbers person. They run a...

Pretend you are talking to a client who is not a numbers person. They run a small business and are great at what they do, but they just don't have knowledge of accounting. How would you explain standard costing and variances to them? Briefly, simply, what is standard costing and how can it be used?

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Pretend that you are at a cocktail party talking to the CEO of a small company...

Pretend that you are at a cocktail party talking to the CEO of a small company who has a minimal understanding of accounting. She learns that you are a CPA, buys you a beverage (adult-type if that is your preference), and engages you in conversation. She explains that her company is acting as the general contractor for the construction of its own manufacturing plant. She's been advised that the company must "capitalize interest" in connection with the project. She has...

Pretend that you are a psychologist who is meeting with a client concerned about her 14-year-old....

Pretend that you are a psychologist who is meeting with a client concerned about her 14-year-old. Your client tells you that she is not sure what to expect, now that her child is becoming a teenager. She asks you, "What is going to happen to my child biologically, psychologically, and socially over the next few years?" She also wants to know how she can build a strong relationship with her teenage child and better cope during these many developments.

Pretend that you are a psychologist who is meeting with a client concerned about her 14-year-old....

You are talking to a client about reviewing their estate planning documents and she reveals to...

You are talking to a client about reviewing their estate planning documents and she reveals to you that she doesn’t have any. She explains to you that she doesn’t need a will or any other type of estate planning because she doesn’t have much in assets and doesn’t plan to leave anything behind to her daughter. How would you advise her?

You are talking to a friend who insists that the seasons are caused by a varying...

You are talking to a friend who insists that the seasons are caused by a varying Earth-Sun distance over the course of a year. What other fact does your friend likely know that completely contradicts this view of how the seasons are caused? Can you think of other examples of two beliefs that many people feel are both true but which completely contradict each other? How does science view this situation? In at least 250 words, please.

You are talking with the superintendent of schools in your HCO's community, who is a potential...

You are talking with the superintendent of schools in your HCO's community, who is a potential governing board memebr. Explain to her the HCO's human resource strategy, assuming that the HCO implements the WMHO/Baldridge approach.

Pretend you are a prospector and a blacksmith who wants to make a belt buckle made...

Pretend you are a prospector and a blacksmith who wants to make a belt buckle made of iron. (Your pants keep slipping downward and you have a leather belt, but no buckle.) What mineral are you looking for, and where? What are you going to do to turn your mineral into a belt buckle. (You are going to make it by yourself.) Describe every step along the way, in detail.

DIRECTIONS: Pretend that you are a recently diagnosed hypertensive patient who comes to the pharmacy to...

DIRECTIONS: Pretend that you are a recently diagnosed hypertensive patient who comes to the pharmacy to pick up the diuretic that your doctor just prescribed. The diuretic is hydrochlorothiazide 25 mg and is to be taken every morning. The pharmacist counsels you on the new medication; the consequences of uncontrolled hypertension; the importance of adhering to medication, dietary, and physical activity regimens; and the importance of routine self-monitoring of blood pressure. To help you achieve your goals, the pharmacist gives...

the leading causes of death in the world. Pretend you have been hired by the WHO...

the leading causes of death in the world. Pretend you have been hired by the WHO to address one of these causes. Write a one-page, typed paper discussing the cause of death you have chosen to address, why you chose it, and three ideas you have for addressing it. You will need to do some additional reading to determine health promoting activities/strategies that reduce the risk of your choice.

You are talking with a friend who has recently started an exercise regimen, and they comment...

You are talking with a friend who has recently started an exercise regimen, and they comment that they are planning to quit because they experience muscle soreness following their workouts. In your communication assignment for this week explain why this occurs. You should focus on the molecular mechanism of muscle contraction and how muscles become fatigued. You should also discuss the ways muscles adapt to changing activity levels at the molecular level as you encourage them to increase their fitness...

Subjects