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2 years ago

For accounting purposes, postdated checks (checks payable in the future) are considered to be

Business

1 answer:

klio [65]2 years ago

6 0

The postdated checks are considered to be an accounts receivable for accounting purpose.

<h3>What is a postdated checks?</h3>

These are checks that is expected to make a payment to be processed on a specified date in the future.

However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.

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What is a subsidy wedge? the combined reduction in consumer surplus and producer surplus that results from a subsidy the amount

solmaris [256]

Answer:

the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

Explanation:

In Economics, subsidy can be defined as the amount of money or benefits such as tax reduction given by the government to sellers in order to sustain production and enable the buy to continuously purchase the product.

A subsidy wedge can be defined as the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

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3 years ago

Which of the following is NOT a goal of operations management? (A) Understanding the drivers of customer utility (B) Match suppl

rodikova [14]

Answer:

The answer is A.

Explanation:

Operations management involves all activities which produce and deliver goods and services. Operation is a core function in any organization.

The primary objective of operations management is to make use of the organizational resources to generate or produce goods and services.

All options except option A(Understanding the drivers of customer utility) are goals of operation management

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3 years ago

g On July 1, Alton Co. issued an $60,500, 10%, 120-day note payable to Seller Co. Assume that the fiscal year of Alton Co. ends

irakobra [83]

Answer:

The interest expense is $521

Explanation:

The amount of interest expense for the fiscal year is the interest expense of 31 days which ,in other words the interest incurred only in the month of July ,calculated thus:

interest expense=days in the month/360days*interest rate*loan amount

interest expense=31/360*10%*$60,500=$ 521

The interest expense for the current fiscal year rounded to the nearest dollar amount is $ 521

8 0

3 years ago

Billy has received a mediocre evaluation for the second year in a row. He knows that he has made improvements, but his superviso

Ber [7]

Answer:

He could take deep breaths and then respond nonjudgmentally

Explanation:

From the question, we are informed about Billy who has received a mediocre evaluation for the second year in a row. He knows that he has made improvements, but his supervisor just does not seem to notice or in Billy’s opinion, care. Billy likes his job and wants to keep it. He listens to what his supervisor says and then his supervisor asks Billy to prepare a written response. Before Billy leaves the room to prepare the response, In this case should he respond to his supervisor by taking deep breaths and then respond non-judgmentally when addressing is supervisor.

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3 years ago

Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of acti

Jobisdone [24]

Answer and Explanation:

The preparation of the report showing the company revenue and spending variance is shown below:

Cryan Jeep Tours

Revenue and Spending Variances

For the Month Ended May 31

Particulars Actual Results Flexible Budget Revenue & Spending Variances

Guests 507 507

Jeeps 192 192

Revenue $82,854 $104,949 $22,095 U (A)

(507 ×$207)

Expenses:

Tour guide wages $32,357 $31,104 $1,253 U

(192 × $162)

Vehicle expenses $20,140 $25,846 $5,706 F

($5,500 + 507 × $14 + 192 × $69)

Administrative expenses $7,388 $8,591 $1,203 F

($2,000 + 507 × $13 )

Total expense $59,885 $65,541 $5,656 F (B)

Net operating income $22,969 $39,408 $16,439 U (A - B)

We simply deduct all expenses from the revenues so that the net operating income could come

8 0

3 years ago