Answer:
c. profit center
Explanation:
Based on the information provided within the question it can be said that the segment is most probably accounted for as a profit center. This is a specialty department formed inside an organization that deals with generating revenues and profits or losses. These departments are completely monitored and controlled since they are the main driving force of the company brand.
An information management specialist would be the one to fix an issue with a network.
Answer:
The $286,900 is the net cash which is provided by the operating activities using the indirect method.
Explanation:
The computation of net cash provided by operating activities using the indirect method is shown below:
= Net income - decrease in accounts receivables - increase in prepaid expenses - increase in inventories
= $268,900 + $80,000 - $28,500 - $33,500
= $286,900
The decrease in accounts receivable impact the cash balance in a positive manner. So, it is added whereas, the increase in prepaid expenses and the increase in inventories have a negative impact on cash balance that's why it is deducted.
These transactions have an inflow and outflow of cash. That's why the adjustment is done accordingly
Hence, the $286,900 is the net cash which is provided by the operating activities using the indirect method.
Answer:
$151,200
Explanation:
The cost of goods sold is the beginning inventory plus purchases plus freight-in, minus purchases returns and allowances minus ending inventory
Cost of goods sold extract of income statement:
Beginning inventory $29,200
Purchases $144,000
Freight-in $8,000
Purchases returns and allowances <u> ($5,000)</u>
Net purchases <u>$147,000</u>
cost of goods available for sale $176,200
ending inventory <u> ($25,000)</u>
cost of goods sold $151,200
The cost of goods sold is $151,200,which would be deducted from net sales in order to arrive at gross profit
Answer:
<u><em>Social Audit</em></u>
Explanation:
The Pak-It-Way Company makes custom packaging of all kinds . The firm has evolved into a big business due to quality and innovative work . Recently , top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and also to list negative occurrences that supervisors observed . Top management is essentially conducting a <u>social</u> <u>audit.</u>
<em>Social audit is an audit to examine how an organisation is behaving or working for its employees , society and environment.</em>
Social audit helps in encouraging the participation of the community , it also helps in encouraging the local democracy, it promotes the decision making and helps in developing the human resources.
Social audit has wide coverage , it is evaluated very systematically , it is always conducted in a regular period of time , it measures the social performance of the organisation towards its employees society and the environment. But social audit is difficult to conduct.
