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2 years ago

5

When Jesse was fired, his supervisor told him the reason was that he did not meet performance standards. The supervisor assumed

that would prevent Jesse from claiming he had been dismissed unjustly. What is the main flaw in the supervisor's assumption

1 answer:

strojnjashka [21]2 years ago

7 0

Answer:

Jesse had been claimed disc unjustly

Explanation:

because the person is going to fire Jesse

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Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $425,000, and its year-e

antoniya [11.8K]

Answer:

Faldo Corp

Customers are paying late by 6.5 days (51.5 - 45)

Explanation:

DSO = Accounts Receivable/Sales last year * 365 days

= $60,000/$425,000 * 365

= 51.5 days

Customers are paying late by 6.5 days (51.5 - 45)

b) Faldo Corp's Days Sales Outstanding (DSO) is an estimate of the number of days it takes Faldo to collect its outstanding accounts receivable. This means that DSO measures how long it takes Faldo's customers to pay an invoice. Faldo can calculate its DSO by dividing the total accounts receivables of last year by the total credit sales of last year. This is then multiplied by 365 days.

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2 years ago

Discounters like target and walmart use a(n) ________ strategy that suggests they offer the best quality for that price level

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<span>Discounters like Target and Walmart use a price value strategy that suggests the offer the best quality for that particular price level. The price value strategy sets the primary price, but it is not an exclusive price, and is set according to the perceived value of products and services to the customers that shop there.</span>

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2 years ago

1.42 pointsItem 4Item 4 1.42 pointsOn January 1, Revis Consulting entered into a contract to complete a cost reduction program f

deff fn [24]

Question Continuation

Prepare the following journal entries for Revis:

1. The journal entry on January 31 to record the first month of revenue under the contract.

2. Assuming total cost savings exceed target, the journal entry on June 30 to record receipt of the bonus.

3. Assuming total cost savings fall short of target, the journal entry on June 30 to record payment of the penalty.

Answer:

1. The journal entry on January 31 to record the first month of revenue under the contract.

Possible Price -------------------------------Possibility------------Expected Amount

$130,000 ($20,000*6+$10,000) ------80% ------- --------------$104,000 (80% * $130,000)

$110,000 ($20,000*6-$10,000) --------20% -----------------------$22,000 (20% * $110,000)

Expected value--------------------------------------------------------------$126,000 ($104,000 + $22,000)

Accounts ------------------------Debit------------Credit

Cash -------------------------------$20,000 (Debit)

Bonus receivable----------------$1,000 (Debit)

Service revenue --------------------------------- $21,000 ($126,000/6)(Credit)

2. If total cost savings exceed target, record the entry on June 30 for receipt of the bonus

Accounts --------------Debit--------------------------Credit

Cash --------------------- $10,000 (Debit)

Bonus receivable-------------------------------------$6,000 (Credit) ($1000 * 6)

Service revenue ------------------------------------- $4,000 (Credit)

3. If total cost savings fall short of target and record the entry on June 30 for payment of the penalty.

Accounts --------------Debit--------------------------Credit

Service Revenue ---------------- $16,000 (Debit)

Bonus receivable-------------------------------------$6,000 (Credit) ($126,000 / 6)

Cash ------------------------------------- $4,000 (Credit)

3 0

3 years ago

Culver Company has budgeted the following unit sales: 2022 2023 Quarter Units Quarter Units 1 108,000 1 94,000 2 63,000 3 73,000

kakasveta [241]

Answer:

Culver Company

Production Budget for 2022:

Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total

Unit sales 108,000 63,000 73,000 118,000 362,000

Ending inventory 12,600 14,600 23,600 18,800 18,800

Total units available 120,600 77,600 96,600 136,800 380,800

Beginning inventory 21,600 12,600 14,600 23,600 21,600

Production units 99,000 65,000 82,000 113,200 359,200

Explanation:

a) Data and Calculations:

2022 2023

Quarter Units Quarter Units

1 108,000 1 94,000

2 63,000

3 73,000

4 118,000

Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1

Unit sales 108,000 63,000 73,000 118,000 94,000

Beginning inventory 21,600 12,600 14,600 23,600 18,800

Ending inventory 12,600 14,600 23,600 18,800

Production Budget for 2022:

Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total

Unit sales 108,000 63,000 73,000 118,000 362,000

Ending inventory 12,600 14,600 23,600 18,800 18,800

Total units available 120,600 77,600 96,600 136,800 380,800

Beginning inventory 21,600 12,600 14,600 23,600 21,600

Production units 99,000 65,000 82,000 113,200 359,200

6 0

3 years ago

Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto

nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

= $No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share$

On substituting the values, we get

= $50,000\times 1.80$

= $90,000$ ($)

The total dividend on preferred stock will be:

= $No. \ of \ preferred \ shares \ outstanding\times Divided \ per \ share$

On substituting the values, we get

= $8,000\times 5$

= $40,000$ ($)

Hence,

The total dividend paid by company will be:

= $Total \ dividend \ on \ common \ shares +Total \ dividend \ on \ preferred \ stock$

= $90,000+40,000$

= $130,000$ ($)

Thus the above is the correct answer.

4 0

2 years ago