Define the term service company.

Q: Define Prior service cost.

A:

Q: Service- industry example

A: Service industry: A service industry is an economic sector that delivers particular intangible…

Q: Define Account class exercise

A: Account class is the term used in the accounting software where there is need to classify customer…

Q: What is a segment of an organization?

A: Segment: A segment refers to a subsection of an organization. It can be any part or activity of the…

Q: What is an operating segment?

A: Operating segment: It is defined as providing information about the business actives with an…

Q: Define Service period

A: Introduction: Usually, service is nothing but something that is supposed to support other who offer…

Q: What are the importance of setting service standards

A: Service standards are important for potential customers, prospective consumers, staff, and…

Q: Define suppliers.

A: Merchandising businesses: Merchandising companies which buy goods from suppliers, or manufacturers,…

Q: Explain the importance of setting standards for delivery of service.

A: The corporation used to set standards for rendering services to its client to provide them greater…

Q: Define agency relationship

A: Agency relationship is the part of business law where it is a legal relationship between the two…

Q: Define roadshow

A: Roadshow: Roadshow is a sequence of conferences across diverse towns in which topmost managers from…

Q: Explain how directmaterials standards and directlabor standards are set

A: Cost Standards: Cost Standards are prepared to analyze the variances between the actual and the…

Q: Define statement of operations.

A: Financial statements of an organization includes income statement, balance sheet and cash flow…

Q: Define target company

A: Companies expand by acquiring or merging with other companies. By purchasing companies, company can…

Q: Discuss the role of conversion cycle for service and retailing entities

A: Transaction Cycles: The similar transactions of an organization are grouped together to form a…

Q: Define the term internal users.

A: Internal users are people within a business organization who use financial information. Examples of…

Q: Differentiate the following terms - External and internal information

A: Internal data is information generated from within the business, covering areas such as operations,…

Q: Examples of transaction costs

A: Transaction costs are the costs which occur during buying or selling of services and goods. They are…

Q: Define agency problems,

A: Agency problems occur when the managers use the firm's resources to invest in projects that may not…

Q: Define supply chain

A: Answer: Supply chain is a comprehensive mechanism for the production and distribution of a product…

Q: Define the term performance obligations.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Product Type relation with Attendance endance

A: 1. type of event Pivot Table Hence Highest average attendance is for Concert Type of Event Question…

Q: Define customers

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: What is information system ? Elaborate and describe the details

A: Solution- Information systems-        AN system could be a collection of interconnected elements to…

Q: Do you think it is possible to set standard for delivery of service, which are primarily dictated by…

A: Standards are set for efficient utilization of operation resources and to perform the activity with…

Q: importance of setting standards for delivery of service

A: About Service :  A service is intangible product based transaction. Quality, efficiency and…

Q: Define outsourcing.

A: Outsourcing: Outsourcing refers to hiring another company, to undertake a business process of the…

Q: Write down the characteristics that defines operating segments.

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Define the term operating activities.

A: Operating activities are the functions of a business directly related to providing its goods and/or…

Q: Define technical analysts

A: Technical analysis refers to analysis that is conducted for analyzing the various types of…

Q: Distinguish between service and merchandising operations.

A: Merchandise inventory refers to business which deals in trading of goods such as purchase and sale…

Q: Define the term manufacturing company.

A: Definition: Accounting: Accounting is a system, or a process of collecting and organizing economic…

Q: Define the term external users.

A: An external user is a person outside of an organization who does not directly run its operations and…

Q: Define the term cost per service.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Describe a service company, and give an example.

A: Business organization: Business organization refers to the structure of business that the structure…

Q: Define the term product pricing.

A: Managerial accounting:   Managerial accounting is more focused towards analyzing information and…

Q: Define the term appraisal costs.

A:

Q: Identify the following users as either external users (E) or internal users (I). Suppliers

A: Accounting users: Accounting users are the persons, who use accounting information for investment…

Q: Can services be delivered by means of process operations? Support your answer with an example.

A: Process Costing: Process costing is a method of cost accounting in which all the costs that are…

Q: Define benchmark company

A: Benchmarking is a method of comparing the performance of the goods , services, or processes of a…

Q: Define service sector.

A: Service Sector: The service sector produces intangible goods, more precisely services instead of…

Q: COST ACCOUNTING  PLS SHOW SOLUTION

A: Solution:- 7)Calculation of over-allocated or under-allocated conversion costs for the month as…

Q: Define the term service revenue.

A: Revenues: Revenues are earnings from operations of a business. The operating activities are sale of…

Q: ntained in a product structure diagram?

A: Given: To analyse the information being present in the product structured information as follows,

Q: Which information is presented by an organization chart?

A: organisation chart is basically the information bulletin of all the functional departments in an…

Q: Service marketing

A: Service marketing: Service marketing is defined as the application of a various combinations of…

Q: The flow of goods and services to consumers is illustrated by

A: Relationship of Goods and Service price with Consumer  Supply Chain of goods and Service from…