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1 year ago

At 90 days past due what happens to all cardholder accounts associated with a managing account?

Business

1 answer:

maria [59]1 year ago

8 0

All were automatically suspended.

<h3>Which of the following is a cardholder responsibility in a Government wide commercial purchase card program?</h3>

The Cardholder is responsible for the following:

Completing all required training prior to being issued a Purchase Card.
Purchasing goods or services in accordance with established Department policy, procurement regulations, and individual internal office procedures.

<h3>Which of the following is an appropriate circumstance for using a convenience check? </h3>

A purchase exceeds the micro purchase threshold.

<h3>To learn more about cardholder visit here:</h3><h3 /><h3>brainly.com/question/4671864</h3><h3 /><h3>#SPJ4</h3>

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Sawyer Industries began business at the start of the current year. The company planned to produce 25,000 units, and actual produ

valentina_108 [34]

Answer:

$208,000

Explanation:

The computation of the absorption-costing income is shown below:

As we know that

Net income = Gross profit - variable expense - fixed expense

where,

Gross profit is

= Sales - cost of goods sold

= (22000 units at $30) - (22,000 units at $14)

= $660,000 - $308,000

= $352,000

The $14 come from

= 8 + 150,000 ÷ 25,000

= 8 + 6

= 14

Now the variable expense is

= 22000 at $2

= $44,000

And, the fixed expense is $100,000

So, the net income is

= $352,000 - $44,000 - $100,000

= $208,000

6 0

3 years ago

When using the periodic system the physical inventory count is used to determine Select one: a. both the cost of the goods sold

AlexFokin [52]

Answer:

a. both the cost of the goods sold and the cost of ending inventory.

Explanation:

The physical count is used in the periodic inventory system to calculate the amount of ending inventory. However the cost of goods sold can be derived from using the ending inventory count. Suppose we have ending inventory of 100 units and Purchases were 500 units Also there were no beginning inventory units so the Cost of goods Sold can be calculated as

Cost of Goods Sold= Beginning Inventory Add Purchases Less Ending Inventory

Cost of Goods Sold= 0 + 500- 100= 400

8 0

3 years ago

What is the distinction between free trade and fair trade?

sergey [27]

Answer:

Free trade focuses on the reductions of barriers and policies of nations.

Fair trade seeks to bring favor to the right of the worker.

Explanation:

4 0

3 years ago

Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a

ivolga24 [154]

Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100 Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

Cost of goods Sold = $58,100 + $418,500 - $92,600 = $384,000

Gross Profit = Sales - Cost of Goods Sold

= $643,000 - $384,000 = $259,000.

6 0

3 years ago

Cullumber Company’s 12/31/21 balance sheet reports assets of $11450000 and liabilities of $4890000. All of Cullumber’s assets’ b

Arturiano [62]

Answer:

$4,392,000

Explanation:

For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = Asset balance + fair value of land - liabilities balance

= $11,450,000 + $690,000 - $4,890,000

= $7,250,000

And, the acquire value is $11,642,000

So, the goodwill would be

= $11,642,000 - $7,250,000

= $4,392,000

4 0

4 years ago