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topjm [15]
3 years ago
10

A private, not-for-profit hospital received a donation of medicine from the Xengen Pharmaceutical Company on February 13, 20X2.

The cost of the medicine to the company was $34,000, and its market value was $76,000. Thirty percent of the medicine was used by the hospital during the year ended June 30, 20X2.
On the hospital's statement of operations for the year ended June 30, 20X2, the contribution of medicine would increase operating revenues by:
Business
1 answer:
rjkz [21]3 years ago
8 0

Answer:

The contribution of medicine would increase the operating revenues by $76,000.

Explanation:

The medicine donated to the not for profit hospital received  by Xengen Pharmaceutical Company would be recorded as a revenue to the hospital since the hospital a not -for profit organization that records revenue from donations from well meaning corporate bodies and individuals.

However,the hospital would have reflect the donation of medicine at its fair market value since it would have to incur the cost at the prevailing market rate if the medicine is purchased.

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Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
allochka39001 [22]

Answer:

e. Debit Petty Cash $50       Credit Cash  $ 50

Explanation:

The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:

Petty Cash - Debit   $ 232

Cash          - Credit   $ 232

The entry for recording the petty cash expenses would be as follows;

Office Supplies expense         debit    $ 73

Merchandise Inventory           debit     $ 137

Miscellaneous expenses        debit      $ 22

Petty Cash                               credit     $ 232

7 0
3 years ago
The term goal congruence refers to the? ________.
andreyandreev [35.5K]
Goal congruence is characterized as consistency or assertion of individual objectives with organization objectives. Everybody in the association should be paddling a similar way. That procedure gets extreme when you begin to set up assessment criteria for workers. 
The control system ought to be planned in order to coordinate the individual objectives with authoritative objectives, and in this manner accomplish goal congruence. The answer is B. 
4 0
3 years ago
An investor is short stock at $70. If the stock's market price is $40, and the investor anticipates the price will continue to d
max2010maxim [7]

Answer:

A. Buy a call

Explanation:

In the case when the investor purchase a call on the stock so the investor has the right to purchase for repurchase for a fixed price

Also the right way is to hedge a non-realized profit for a stock position i.e. short for purchasing a call

Therefore in the given situation, the correct option is A.

7 0
3 years ago
The ability to rapidly increase or decrease production levels, or shift from one product or service to another is known as Multi
viktelen [127]

The ability to rapidly increase or decrease production levels, or shift from one product or service to another is known as  capacity flexibility. Thus, the correct answer is C.

<h3>What is a product?</h3>

A product is refers as things or services which are use for sale. This product can both be tangible to use where as services are intangible which one can feel only.

The ability to modify total production capacity at any time by combining dependent and fixed resources is known as Capacity flexibility. All decision-making levels including strategic, tactical, and operational, contribute to make capacity decisions.

The most frequent method for increasing capacity is to add more workers, machinery, and space to the production line.

Therefore, option C capacity flexibility is the appropriate answer.

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3 0
2 years ago
a company had net cash flows from operations of $139,000, cash flows from financing of $368,000, total cash flows of $557,000, a
Vanyuwa [196]

The Cash flow on total assets ratio equals 3.8%.

Cash flow on total assets = cash flows from operations / average total assets

= 139,000 / 3,640,000 = 3.8%

A measure of profit called cash flow on total assets measures actual cash flows to the assets of the business without taking into account income recognition or income measurements. By dividing operating cash flows by average total assets, one can obtain the cash flow on total assets ratio. There may be a considerable reason for concern if the ratio falls below 10%. For a business to sustain long-term growth, it is necessary to have a positive cash flow, which essentially implies that more money goes into the till than it does out.

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6 0
1 year ago
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