Answer:
d. product structure.
Explanation:
Product structure is designed for larger companies. In this flowchart, different products are separated into mini-companies while the management remain unique.
Answer:
$125,165.49
Explanation:
Daily Sales Outstanding is computed by dividing Average Accounts Receivable over Daily Credit Sales.
In this case, if the DSO is 71, then the Daily Credit Sale is $2,887.3239($205,000/71).
Then, the old sales is $1,053,873.24 ($2887.3239 x 365).
If this is reduced by 15% after the policy is implemented, the new sales is $895,792.25 ($1,053,873.23-15%) and the new daily sales is $2,454.23 ($895,792.25/365).
Using these DSO formula, the new Accounts Receivable level will be $125,165.49 (51 x $2,454.23).
Answer:
a. $19,800
Explanation:
The computation of the correct cash balance is shown below:
= Balance per bank statement + Deposit in transit - Outstanding checks
= $18,650 + $3,900 - $2,750
= $19,800
We simply added the deposits and deducted the outstanding checks to the bank balance so that the accurate amount can come.
All other information which is given is not relevant. Hence, ignored it
Answer: it is the 2nd, 5th and 6th one.
Explanation:
Answer:
company sells a limited quantity of high-unit cost items.
Explanation:
A specific identification method can be defined as a method used for determining the ending inventories cost.
Basically, this type of method for costing inventories typically involves doing a well-detailed physical count of each goods bought on a specific date or a particular period of time, so as to determine the exact number of goods remaining by the end of the year's inventory. Therefore, each of the goods purchased are tagged with their unit price and any other additional charges.
Hence, the specific identification method of costing inventories is used when the company sells a limited quantity of high-unit cost items.