At the time of collection, if the amount is paid within the discount period, the following entry is recorded:
Cash (+A).......................xxx
Sales discount(+XR,-R,-SE)........xxx
R. Jones (Accounts Receivables)(-A)….xxx
If the account is paid in full before the end of the discount period, the customer can be eligible for a cash discount rate. The duration of the trade credit is known as the credit period, and up until the end of the credit term, no interest is applied to the outstanding balance.
You use it to illustrate how a company's cash flow is distributed equally throughout the year rather than arriving in full at the end. We would use discount period numbers of 1 for the first year, 2 for the second year, 3 for the third year, and so on in a DCF without the mid-year convention.
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Question Completion:
ANSWER CHOICES
A. operating with decreasing returns to scale
B. a natural monopoly
C. a legal monopoly
D. monopolistically competitive
E. productively efficient
Answer:
Based on this data, the market for product Z is:
A. operating with decreasing returns to scale.
Explanation:
For the Average Revenue (Price) to equal the Average Total Cost (ATC) and enable the firms operating in the market to break-even, the firms must increase their production units from 2 million to 3.5 million units. The conclusion that the market for product Z is operating with decreasing returns to scale for a single supplier is because it will take a 75% increase in production for the average total cost to fall from $7 to $5 for the single producer. In other words, the percentage increase in production does not result in a proportionate decrease in average total cost.
Answer:
Long run real GDP will remain unchanged.
Explanation:
The increase in personal taxes (-$20 billion) would offset any increase in real GDP generated by the increase in private consumption ($20 billion). Nominal GDP can be affected and increase by $20 billion, but the effect would be given by an increase in general price level (inflation), not by an increase in real money.
Answer:
The options for this question are the following:
a. vestibule training
b. management development programs
c. performance appraisals
d. orientation programs
The correct answer is c. performance appraisals
.
Explanation:
Performance appraisal is a structural and systematic procedure to measure, evaluate and influence attributes (eg cooperation in teamwork and loyalty), behaviors (eg level of assistance and treatment given to clients) and work-related results (eg quantity and quality of the fruits of work), in order to discover to what extent the employee is productive and whether he will be able to improve his future performance. The performance evaluation process plays a monitoring role in order to:
- To provide management with information to make decisions regarding the future development of the employee, by identifying and preparing, through training and improvement programs, the most suitable candidates so that they can assume a greater number of responsibilities.
- Establish the relative value of a subject's contribution to the company and evaluate individual achievements.
- Provide general data on the expected performance of employees.
- Structure the dialogue between superior and subordinate, forcing superiors to improve knowledge of the subordinate's job.
- Be the basis to distribute the remuneration, rewards, bonuses and determine the levels \ salary increases.
Answer:
Explanation:
The applicable accounting standard IAS 2 (Inventory) requires that inventory be carried at the lower of cost or net realizable value.
Initial recognition of inventory is at cost. In other words, where the cost is lower than the net realizable value, inventory is written down to the net realizable value.
As such, when inventory declines in value below original (historical) cost, and this decline is considered other than temporary, the maximum amount that the inventory can be valued at is the net realizable value.
The right option is b. Net realizable value
