Answer: Tell your manager about this offensive behavior.
Explanation:
If I overhear a group of your co-workers laughing at some crude jokes about a few customers, the most likely thing for me to do will be to inform my manager about this offensive behavior.
Customers are vital to every business and should be treated right, without the customers, there isn't any business at all. Therefore, I'll inform my manager so that he'll have an idea of what is going on and then call them to order and explain to them that customers should be treated right and respected.
Check all that apply.
An asset account increases. An asset account decreases.
A liability account increases. A liability account decreases.
Capital Stock increases. Capital Stock decreases.
Retained Earnings increase. Retained Earnings decrease.
Answer:
Asset Account is decreased.
Liability Account is also decreased.
No effects on Capital Stock.
No effects on Retained Earnings.
Explanation:
Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.
Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.
This transaction will have no effects on Capital Stock Account and Retained Earnings Account.
1. Define the data, uncontrollable inputs, and decision variables that influence total inventory cost.
2. Develop mathematical functions that compute the annual ordering cost and annual holding cost based on average inventory held throughout the year in order to arrive at a model for total cost.
3. Implement your model on a spreadsheet.
4. Use data tables to find an approximate order quantity that results in the smallest total cost.
5. Use Solver to verify your result.
6. Conduct what-if analyses to study the sensitivity of total cost to changes in the model parameters.
7. Explain your results and analysis in a memo to the vice president of operations.
Answer:
Annual Demand = 15,000 units
Cost of each unit = $ 80
Holding Cost = 18% of unit value
Ordering Cost = $ 220 per order
For implementation of a good decision model regarding inventory after considering all type costs assisted to it such as: holding cost and ordering cost, concept of EOQ is applied.
EOQ = ((2 * Annual Demand* Ordering Cost) / (Holding Cost))1/2
= ((2 * 15000 * 220) / (80*18%))1/2
= 677 units
Hence this quantity states that this manufacturing company should reorder the quantity when it has 677 units.
2)Mathematically, costs related to inventory are computed in the following manner:
1) Annual ordering cost = Ordering cost per order * Number of orders in a year
= 220 * 15000/677 = 220 * 22 = 4840
2) Holding cost = Holding cost per unit * Average inventory throughout the year
Average inventory throughout the year = 15,000/12 = 1250 units
Holding cost = 18%* 1250 = 225
Total cost = 4840 + 225 = 5065
c. Outstanding checks at August 31 totaled $1,870.
d. Interest credited to the account during August but not recorded on the company's books amounted to $115.
e. A bank charge of $37 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived.
f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $625 had been recorded as a disbursement of $367.
g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,356.
Required:
Prepare the adjusting journal entry that should be prepared to reflect the reconciling items.
Answer:
Part a.
No entry
Part b.
Debit : Deposits in Transit $1,247
Credit : Bank Reconciliation Statement $1,247
Increase the Bank Statement Balance
Part c.
Debit : Bank Reconciliation Statement $1,247
Credit : Out Standing Checks $1,870
Decrease theBank Statement Balance
Part d.
Debit : Cash $115
Credit : Interest received $115
Interest credited in Bank Statement not recorded
Part e.
Debit : Bank Charges $37
Credit : Cash $37
Recording of Bank Charges in the Books
Part f.
Debit : Accounts Payable $258
Credit : Cash $258
Payment to Supplier understated by $258
Part d.
No entry
Explanation:
Corrections and Adjustments may be either to correct the Cash Book or the Bank Statement Balance as above.
Answer:
The answer is explained below
Explanation:
To begin with, the policies that the goverments decide to implement in their countries tend to influece in a huge way the companies decisions and therefore its actions as well. Therefore that as a company manager of an international business he needs to stay very updated about the government policies over the countries where his company works. Moreover, the manager will understand that if there is free trade in a country then there will be no problems for his company to start selling there and obtaining the maximum profits as possible and if there is protectionism then the company will have to deal with the policies that the government implemented there. And that is why that as an international business manager he should really care about the policies of the country's government and if there is free trade of protectionism.
Matt and Claire go into an interview for the same position.This type of interview is called Unstructured interview.
Unstructured interview is defined as one in which the questions asked are not prearranged. Rather they are spontaneous and questions to be asked are formulated during the course of the interview.
On the other structured interview is when questions are prearranged and candidates are asked the same questions.
Learn more about Unstructured Interview, refer to the link:
Answer:
Unstructured interview
Explanation:
Unstructured interview is defined as one in which the questions asked are not prearranged. Rather they are spontaneous and questions to be asked are formulated during the course of the interview.
On the other structured interview is when questions are prearranged and candidates are asked the same questions.
So when Matt and Claire go into an interview for the same position and they get asked very different questions depending on how the interview is going, they are answering unstructured interview questions.
Answer:
Payback period = 2.5 years
Explanation:
given data
Year 0 1 2 3
cash -$500 $150 $200 $300
to find out
What is the project's payback
solution
Year Cash flows Cumulative Cash flows
0 500 500
1 150 350
2 200 150
3 300 150
so
Payback period = Last period with a negative cumulative cash flow +(Absolute value of cumulative cash flows at that period รท Cash flow after that period) .........................1
put here value we get
so
Payback period =
Payback period = 2.5 years
The payback period for the project is approximately 2.75 years.
The payback period is a financial metric used to assess the time it takes for an investment or project to generate enough cash flows to recover the initial investment cost. It's a simple tool for evaluating the risk and return of an investment, with shorter payback periods generally indicating lower risk. The payback period is the amount of time it takes to recover the initial investment in a project.
To calculate the payback period, we sum the cash flows until we reach or surpass the initial investment.
In this case, the initial investment is $500, and the cash flows are: $150, $200, and $300 in years 1, 2, and 3 respectively.
By adding the cash flows together, we find that the project's payback is 2 years and 25% of year 3, which is approximately 2.75 years.
#SPJ3