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2 years ago

14

Namembe is trying to get his financial records organized. He has several monthly credit card statements. Where is the MOST logic

al place for Namembe to store these records?
- a paid storage facility
- home file
- computer file
- safe deposite box

1 answer:

sineoko [7]2 years ago

4 0

Answer:

a safe deposit box

Explanation:

I took the test and got it right

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___________________ are for-profit organizations that contract out or lease a wide range of light manufacturing, warehousing, an

suter [353]

Answer:

Consolidation warehouses

Explanation:

Consolidation warehouses are warehouses that, as the name implies, consolidate a number of smaller shipments from other companies into a larger shipment, in a specific area.

Consolidation warehouses can also offer light manufacturing services, but their main function is to consolidate shipment into a single place, and distribute those shipments in a more cost-efficient manner.

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4 years ago

In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a cred

Vlad [161]

Answer:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

Explanation:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

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2 years ago

The team raises concerns about the volume of bags they have compared to smaller regional airports. Specifically, Sophia mentions

Hitman42 [59]

Answer:

The correct answer is letter "A": negative inequity.

Explanation:

John Stacey Adams proposed the Equity Theory stating wages and work conditions are not the only factors that motivate employees at work. According to Adams worker look for a balance between their inputs such as effort, skills, abilities or commitment and outputs like recognition, reputation, praise or job security.

Negative inequity arises when individuals feel their outputs are undervalued in regards to their inputs and positive inequity when the outputs overvalue the inputs. Then, <em>Sophia is feeling negative inequity since she believes it is necessary to work harder (effort) so the workload of her team (output) can be increased compared to smaller regional airports.</em>

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4 years ago

What are the 3 psychological states reviewed in class that may improve engagement in the workplace?

Masteriza [31]

Answer:

Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.

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2 years ago

On June 1, 2020, Forde Auto Manufacturer sells a 4-door sedan to a dealer for $6,000, which includes three years of maintenance.

hichkok12 [17]

Answer:

Part a

Allocation based on Stand Alone Selling Prices :

4 - door Sedan and the 3 years maintenance contract = $6,400
Cash incentive = $100

Part b

Journal entry :

Debit : Cash $130,000

Credit : Revenue - 4 - door Sedan $128,000

Credit : Revenue - Cash incentive $2,000

Explanation:

It is important to identify the step in IFRS 15 - Revenue from Contracts with Customers, which is affected by the question.

Here, Step 2 - Identify the performance obligation in the contract, Step 3 - Determine the Transaction Price, Step 4 - Allocate the Transaction Price to the Performance obligation and Step 5 - Recognize the Revenue as or when the Performance Obligation is Satisfied. These are explained and applied as follows :

<u>Step 2 - Identify the performance obligation in the contract.</u>

Here, identify the individual promises (Performance Obligations) that the entity has committed to transfer to the customer.

Also the entity identifies each performance obligation that is distinct, or a series of distinct Goods or Services that are substantially the same and have the same pattern of transfer to the customer.

So, the performance obligations are as follows :

4 - door Sedan and the 3 years maintenance contract(these can not be consumed independently from one another)
Cash incentive (can be consumed independently from the rest of the performance obligations)

<u>Step 3 - Determine the Transaction Price</u>

Transaction price is the consideration the entity expects to be entitled to in exchange of goods or services transferred to the customer.

Transaction Price is $6,500 ($6,000 + $400 + $100)

<u>Step 4 - Allocate the Transaction Price to the Performance obligation</u>

Allocation of Transaction Price is done based on Stand Alone Selling Prices.

Stand alone selling prices have already been identified :

4 - door Sedan and the 3 years maintenance contract = $6,400
Cash incentive = $100

<u>Step 5 - Recognize the Revenue as or when the Performance Obligation is Satisfied</u>

Stand alone for 20 vehicles :

4 - door Sedan and the 3 years maintenance contract = $6,400 x 20 = $128,000
Cash incentive = $100 x 20 = $2,000

Journal entry :

Debit : Cash $130,000

Credit : Revenue - 4 - door Sedan $128,000

Credit : Revenue - Cash incentive $2,000

8 0

3 years ago