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October 30, 2020, Federal Energy Regulatory Commission 888 First Street, N.E. Washington, D.C. 20426 Attention: Ms. Kimberly D. Bose, Secretary Re:Quarterly Re computation of Fuel and Lost and Unaccounted
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How to fill out lost and unaccounted-for percentages
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Obtain the total amount of the item being measured (such as inventory or money)
02
Calculate the expected amount of the item based on previous records or estimates
03
Determine the difference between the total amount and the expected amount
04
Divide the difference by the total amount and multiply by 100 to get the lost and unaccounted-for percentage
Who needs lost and unaccounted-for percentages?
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Business owners and managers use lost and unaccounted-for percentages to identify discrepancies in inventory or finances
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Auditors use lost and unaccounted-for percentages to detect possible fraud or errors in financial records
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What is lost and unaccounted-for percentages?
Lost and unaccounted-for percentages refer to the measurements of losses in a system or process that cannot be traced or attributed to specific causes. This often includes unrecorded losses of materials or inefficiencies.
Who is required to file lost and unaccounted-for percentages?
Generally, entities involved in industries such as utilities, manufacturing, and logistics that track material usage and losses are required to file lost and unaccounted-for percentages.
How to fill out lost and unaccounted-for percentages?
To fill out lost and unaccounted-for percentages, gather data on total material input and the amount accounted for. Calculate the percentage by subtracting accounted-for amounts from total input and dividing by total input, then multiply by 100.
What is the purpose of lost and unaccounted-for percentages?
The purpose of lost and unaccounted-for percentages is to identify and quantify losses in a system, enabling organizations to improve efficiency, reduce waste, and ensure accountability.
What information must be reported on lost and unaccounted-for percentages?
The report should include total input amounts, accounted-for amounts, the resulting lost and unaccounted-for percentages, and any relevant explanations or justifications for variances.
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