Estimated the loss of production and the likely loss profit

Assignment Help Management Theories

Reference no: EM131086734

Production at a factory had to stop for a week due to labour strike. The owner estimated the loss of production and the likely loss of profit arising out of the situation. He directed the accountant to record the loss in the books of accounts. Is the owner correct in recording the possible loss? Give reasons.

Reference no: EM131086734

Questions Cloud

Interactions between households and businesses : A model of an economy showing the interactions between households and businesses as they exchange goods, services and resources in markets is known as?

Identify the ca that provides the ssl-ev certificate : Using your library or your favorite search engine, find three Web sites that have an SSL-EV digital certificate. Note that some sites that do have SSL-EV certificates will not show the green background until you log in to the site or place an item..

Unfavorable economic conditions : What is the set of government programs that protect people who face unfavorable economic conditions

Change in the prices of other products : What is the responsiveness of the quantity demanded of a product to a change in the prices of other products

Estimated the loss of production and the likely loss profit : Production at a factory had to stop for a week due to labour strike. The owner estimated the loss of production and the likely loss of profit arising out of the situation.

What is a potential drawback of this kind of media : How do you plan to integrate these new skills into your future school and work experiences? Give an example of a situation where a presentation would help you communicate information to others.

Hypothetical demand schedule for tammy fay : Consider the following hypothetical demand schedule for "Tammy Fay" brand Mascara: Qd = 600 - 16? × P Where Qd represents quantity demanded in pounds and P is the price in dollars.

An investigation processing the scene collecting evidence : The scope of the investigation has been established, and you know that company polices clearly state the expectations for acceptable use and privacy. Management agrees that you should analyze the computers and surrounding work spaces for two emplo..

Calculate the cost of a custom cello : Use activity-based costing to allocate the costs of overhead per unit and in total to each model of cello. Show all supporting calculations. It is appropriate to use an excel document to do your computations in Excel. Calculate the cost of a custo..

User Account

All Pages