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2 years ago

Which action is an example of a short-term savings goal?

Business

2 answers:

Pachacha [2.7K]2 years ago

8 0

C. Saving for a new smartphone

Korvikt [17]2 years ago

3 0

Answer:

C - Saving for a new smartphone

Explanation:

Due to the relatively low price of the phone compared to the other three options, you would only have to save around ~200$, making it a shorter term goal than saving for college, a house or a car, which is usually upwards of 10k

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Multiple copies of the purchase order are prepared for recordkeeping and distribution with a copy of the purchase order sent to

drek231 [11]

Answer:

B. Accounts Payable, Receiving and Inventory Control Department

Explanation:

First, the Multiple Choices

A. Accounts Payable, Receiving, and Stores Control Departments.

B. Accounts Payable, Receiving, and Inventory Control Departments.

C. Accounts Payable, Accounts Receivable, and Receiving Departments.

D. Accounts Payable, Receiving, and Production Planning Departments.

Accounts Payable

The organisation is making a purchase, hence, there will be financial implications and payments that need to be made for the purchase. Therefore Accounts payable is involved

Receiving

The department for receiving the order from the vendor is also crucial, the responsibility of this department is to ensure that all that was ordered and paid for on the purchase order sent to the vendor were delivered. The receiving department will also ensure that there are no defects in the supplied materials.

Inventory Control

Inventory Control is crucial as the department is responsible for ensuring that the optimal level of inventory is supplied and kept per time. The inventory control department should get a copy of the purchase order, compare with available inventory and see the incoming order is adequate for the optimal inventory size for the organisation.

Departments not Involved

Stores Control Department in option A is not involved because stores control takes care of the store in general while inventory control ensures that optimal stock level is maintained.

Accounts Receivable in option C is not involved because money is not coming in

Production Planning in option D is not involved because the company is not planning to produce, it is purchasing.

5 0

3 years ago

The first day on the job waiting tables at a popular restaurant, amber noticed that when one member of the waitstaff was serving

storchak [24]

Amber was observing an example of the<u> "integrity-based ethics" </u>followed at this organization.

An integrity-based approach to ethics management consolidates a worry for the law with an accentuation on administrative duty regarding moral conduct. In spite of the fact that integrity strategies may change in plan and extension, all endeavor to characterize organizations' directing qualities, goals, and examples of thought and lead. At the point when integrated into the everyday tasks of an association, such methodologies can help avert harming moral failures while taking advantage of ground-breaking human motivations for good idea and activity. Then an ethical structure turns into no longer a troublesome imperative inside which organizations must work, yet the administering ethos of an association.

4 0

3 years ago

You have decided that you want to be a millionaire when you retire in 44 years. If you can earn an annual return of 11.14 percen

SpyIntel [72]

Answer:

At 11.14% interest rate we need to invest 8,650.71 today

At 5.57% interest rate we need to invest 92,090.97 today

Explanation:

We will calculate the present value of 1,000,000 at 11.14% for 44 years

and at 5.57% for 44 years

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000,000.00

time 44 years

if rate = 11.4% = 0.114

$\frac{1000000}{(1 + 0.114)^{44} } = PV$

PV 8,650.71

if rate = 5.57% = 0.0557

$\frac{1000000}{(1 + 0.0557)^{44} } = PV$

PV 92,090.97

3 0

4 years ago

Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred

valina [46]

1. The completion of the relevant ledger accounts for Gateway Ltd is as follows:

<h3>Cash Account</h3>

Date Account Titles Debit Credit

January 1: Common Stock $10,000

January 2: Inventory $4,000

January 3: Delivery Van $2,000

January 5: Sales Revenue $1,500

January 7: Accounts Payable $800

January 8: Rent Expense $200

Balance $4,500

<h3>Accounts Receivable</h3>

Date Account Titles Debit Credit

January 6 Sales Revenue $5,000

<h3>Inventory</h3>

Date Account Titles Debit Credit

January 2 Cash $4,000

January 4 Accounts Payable 1,000

January 6 Cost of goods sold $5,000

<h3>Delivery Van</h3>

Date Account Titles Debit Credit

January 3 Cash $2,000

<h3>Accounts Payable</h3>

Date Account Titles Debit Credit

January 4 Inventory $1,000

January 7 Cash $800

Balance $200

<h3>Common Stock</h3>

Date Account Titles Debit Credit

January 1 Cash $10,000

<h3>Sales Revenue</h3>

Date Account Titles Debit Credit

January 5 Cash $1,000

January 6 Accounts Receivable 5,000

Balance $6,000

<h3>Cost of goods sold</h3>

Date Account Titles Debit Credit

January 6 Inventory $5,000

<h3>Rent Expense</h3>

Date Account Titles Debit Credit

January 8 Cash $200

2. The extraction of a trial balance for Gateway Ltd is as follows:

<h3>Trial Balance</h3>

As of January 9

Account Titles Debit Credit

Cash $4,500

Accounts Receivable 5,000

Delivery Van 2,000

Accounts Payable $200

Common Stock 10,000

Sales Revenue 6,500

Cost of goods sold 5,000

Rent Expense 200

Totals $16,700 $16,700

<h3>Data Analysis:</h3>

January 1: Cash $10,000 Common Stock $10,000

January 2: Inventory $4,000 Cash $4,000

January 3: Delivery Van $2,000 Cash $2,000

January 4: Inventory $1,000 Accounts Payable $1,000

January 5: Cash $1,500 Sales Revenue $1,500

January 6: Accounts Receivable $5,000 Sales Revenue $5,000

January 7: Accounts Payable $800 Cash $800

January 8: Rent Expense $200 Cash $200

Learn more about extracting a trial balance at brainly.com/question/14604253

6 0

3 years ago

DoorWay Computers, Inc., the trademark owner of "DoorWay," sought a court injunction to prevent Handyman Hardware, Inc. from usi

amid [387]

Answer:

False

Explanation:

Because the injunction is the legal remedy that the special court's judge orders not the jury. The order enforce a party to do what must be done or refrains it from doing specific acts that harms the other party. So saying that Doorway sought the court injunction in which the jury decides the right course of action is incorrect because injunction is the warning of judge not of jury.

3 0

4 years ago