American Red Cross essay Example

American Red Cross American Red Cross Essay A lot of businesses use various but relatively standard accounting procedures to calculate the worth of the products and services they offer (Kaplan, 2007). They also use the same methodologies toremove low-value products and ones that are not profitable. Accounting practices also pinpoint products that are overpriced or over-valued. One popular methodology used for monitoring business activities is ABC (Activity Based Costing) and this American Red Cross essay looks at how this method works. Essentially, the system enables an organization to price its products and services based on their usage.