An example of a financing activity is:

Purchases$111,000 Freight-in 3,100 Sales 185,000 Sales returns 6,000 Purchases returns 4,500 In addition, the controller is awar

ivolga24 [154]

Answer:

Closing Stock = 38000

Explanation:

Net Sales = COGS + Gross Profit

Net sales = sales - sales return = 185000 - 6000 = 179000

Gross Profit = 60% of sales (as per gross profit ratio)

= 60% of 179000 = 107400

COGS = Opening Stock + Net Purchase + direct expenses - Closing Stock

* Net purchase = Purchase - purchase return = 111000 - 4500 = 106500

*Direct Expense = Freight Inwards = 3100

Putting all values in formula :- Net Sales = COGS + Gross Profit

179000 = (0 + 106500 + 3100 - closing stock) + 107400

179000 = 106500 + 3100 + 107400 - closing stock

179000 = 217000 - closing stock

closing stock = 217000 - 179000

closing stock = 38000

3 0

4 years ago

Which of the following is of paramount concern when screening and selecting potential group members? a. The ability to be integ

Fittoniya [83]

Answer:

d. The risk of lack of follow-through after selection

Explanation:

As rigorous as the process of selection might be, there is a greater risk of a lack of follow-through after selection.

When working in a team, the following are expected: genuine commitment, flexibility, being reliable, prompt communication, fast adaptability, and lastly among others, being positive.

5 0

3 years ago

pelase someone help me im in grade 9 intro to business i need this i have no clue and its due tonight

iren2701 [21]

Question:

Monthly BudgetAssignmentNancy and Shawn Miller are a newly married couple in their early 30s. They are currently renting a one-bedroom apartment in the city but would like to purchase a two-bedroom condominium within the next two years. Their combined gross annual income is $96 000. Each month, they pay $700 in wedding debt and $610 for student loans. Rent is $1200 and includes utilities. Their monthly transit passes cost $200. They spend $520 each month on groceries and an additional $275 for cable, Internet, and telephone. Approximately $250 is spent every month on clothing. They like to have about $350 per week in discretionary income for leisure and miscellaneous expenses, such as movies, books, and CDs. They would like to save $15 000 over the next two years for a down payment. Create a monthly budget for Nancy and Shawn. Assume tax deductions of 30 percent

Explanation:

Gross Income- 96, 000

Deductibles- $700 (wedding debt) and TAX (30%)

Necessities

Rentxxx 12000 RENT

Debt $700 (wedding debt) and 610 (student loans)

Paymentsxxx

Student Loan Payments 610 (student loans)

xxxCable, Phonexx Internet, 275 (cable, internet etc)

xGroceries 520 (groceries)

xxxTransit Passesxxx 200 (transit)

Clothes 250 (clothing)

= TOTAL COST: 15,255 INCOME AFTER COSTS: 80,745

$350 per week in discretionary income for leisure and miscellaneous expenses, such as movies, books, and CDs.

$15 000 over the next two years for a down payment

The total after paying for the above things, is 80,745. If they want 350 a week for leisure and 15000 for a down payment... they would have 65,395! :) Divide that by 12 months, and you would have 5,449!

HOPE THIS HELPS! :)

5 0

3 years ago

Alex, a longtime hotel manager for Holiday Inn, was meeting with Sally, a new front-desk manager, and telling her about his rece

Inessa [10]

Answer:

Rational decision-making model

Explanation:

Rational decision-making model: It is one of the decision-making models which assume we have sufficient knowledge, information, resources, time and ability to evaluate and make a correct choice among different alternative we have.

There are six steps to Rational decision-making model:

Define the problem.
Identify the decision criteria.
Weight established criteria.
Using relative comparision.
Generate list of alternative.
Evaluate the alternatives.
Determine the optimum decision.

6 0

3 years ago

Time management is an example of a

jeka57 [31]

Prioritizing, organization, strategic planning

8 0

2 years ago

Read 2 more answers