Answer:
The correct answer is letter "A": Modified rebuy.
Explanation:
A modified rebuy is a purchase usually made within a supply chain where a supplier has bought some goods initially but for the next purchase, the supplier requests changes in the purchase -<em>whereas price, product specifications or terms</em>- to better match the supplier's demands.
Answer:
A. decision-making authority should be put in the hands of the people closest to and most familiar with the situation, and these people should be trained to exercise good judgment.
Explanation:
A decentralized organization can be defined as one whose decision-making process is not only in the hands of top management, that is, in this type of decision making, employees of lower hierarchical levels also participate in essential company decisions, therefore the alternative best suited to the beliefs of a decentralized organizational structure is that decision-making authority should be placed in the hands of the people closest to and most familiar with the situation, and these people should be trained to exercise common sense.
Some factors that contribute to this type of structure are the organizational culture, the work environment, the organizational strategy, etc.
Some of the advantages of decentralization are the reduction of time for an important decision and the engagement of the team of employees to assist in the decision-making process, which consists of greater motivation and job satisfaction
Answer:
- 1. Paid $38 for an oil change.
$38 Maintenance Expenses - DEBIT
$38 Cash - CREDIT
- 2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.
$564 Delivery Trucks - DEBIT
$564 Cash - CREDIT
Explanation:
1. Paid $38 for an oil change
$38 Maintenance Expenses - DEBIT
$38 Cash - CREDIT
An oil change it's just an expenses of maintenance, which goes as General Expenses directly to the Income Statement.
2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.
$564 Delivery Trucks - DEBIT
$564 Cash - CREDIT
The installations of shelving units it's an improvements in the company's fixed assets, therefore, assets improvements are activated as fixed assets in the non-current assets section of the balance sheets.
Answer:
The estimated bad debt expense for the year amounts to $9,400
Explanation:
The estimated bad debt expense for the year is computed as:
As the percentage of credit sales method is used for estimating the bad debt expense. Therefore, it is computed as:
Bad debt expense = Net Credit Sales × Estimate Percent
where
Net credit sales amounts to $188,000
Estimate percent is 5%
So, putting the values above:
Bad debt expense = $188,000 × 5%
Bad debt expense = $9,400
Therefore, the bad debt expense amounts to $9,400
