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What is included in cash and cash equivalents?

This figure should be the same as the withdrawn sum you calculated from the account starting and ending balances. And the amount of cash you have in your storage box or drawer should be the same as the current balance of the account. On the downside, the convenience...

Standard cost definition

In addition to developing budgets, companies use standard costs in evaluating management’s performance, evaluating workers’ performance, and setting appropriate selling prices. Break down all your manufacturing overhead costs and estimate how much each unit...