Answer: True
Explanation:cross docking is often used because it a simple process and to increase efficiency in operations .
The definition above is similar to numerous definition of cross docking and captures the essential features of cross docking .So the answer is true
Answer:
3. The principle in accounting which allows the recognition of accounts receivable and accounts payable transactions into the accounting books is the matching principle.
4. The accounting principle that is applied to determine the performance of an entity at the end of the financial period is the periodicity principle.
Explanation:
a) The matching principle ensures that revenue for a period is matched to the cost incurred in generating that revenue in that period. It is not only when revenue or costs are received or incurred that they should be accounted for. Instead, they must be accounted for whether cash has been received or paid for the transaction or not.
b) The periodicity principle ensures that the financial performance of an entity is determined periodically. This enables comparison of the performances with other segments, organizations, and industries.
Your money will double in approximately 11 years and quadruple in approximately 22.
Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).
Answer:
The correct answer is option iii and option iv.
Explanation:
Frictional unemployment refers to the situation where unemployment is caused because of the shift from one job to the other.
In the first option, the unemployment is being caused because of recession. This is an example of cyclical unemployment.
In the second option, the unemployment caused by relocation is an example of structural unemployment.
In the third and fourth options, the individuals are looking for a job of quitting another. This is an example of frictional unemployment.
Answer:
The journal entry and the computations are shown below:
Explanation:
The journal entry is shown below:
Allowance for doubtful accounts $7,300
To Account receivable $7,300
(being the written off amount is recorded)
And, the cash realizable value of the accounts receivable is
1. Before the write off
= $729,400 - $61,200
= $668,200
2. After the write off
= $729,400 - $7,300 - $61,200 - $7,300
= $668,200