Answer: Raise
Explanation:
The options for the question are:
a. Raise
b. Create
c. Reduce
d. Eliminate
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Answer:
False
Explanation:
Cash larceny is the action of stealing company cash already been registered in the books of accounts for a specific accounting period. An employee of the company perpetrates the theft. It involves the employee scheming and executing the taking away of cash recorded in the books without the employer's authority.
Cask larceny happens in the cash register, in the safe, or from cash deposits in transit. In most instances, larceny involves small amounts of money. As the cash is recorded in the books of accounts, larceny can be detected with proper cash reconciliation.
Answer:
a. fixed cost
Explanation:
Rent is always negotiated and stated in the tenancy or lease agreement. The lease or tenancy agreement is reviewed either annually or after every two years. The rent amounts remain the same until the time a tenancy agreement is reviewed.
Fixed costs are the business expenses that remain the same throughout the financial period. A business has to incur fixed costs as long as the business is operational. The level of business activity or output does not affect fixed costs. Rent is a good example of fixed costs. A business has the pay the same amount of rent regardless of its production level.
Answer:
Calculation of budgeted Purchase for raw materials during April Month
Budgeted Production 120,000 units
Raw material Production required 360,000 ( 120,000 * 360,000)
Desired inventory for next month production
39,000 pounds (10% * 130,000 * 3 pounds)
Less: beginning inventory (36,000) pounds
budgeted purchases 363,000 pounds
Answer:
$1,832.6
Explanation:
Data provided in the question:
Cost of merchandise purchased = $2,100
Terms = 2/10, n/30
Cost of the merchandise returned = $230
Now,
The Amount of merchandise actually purchased
= Cost of merchandise purchased - Cost of the merchandise returned
= $2,100 - $230
= $1,870
also,
Amount of discount = 2% of Amount of merchandise actually purchased
= 0.02 × $1,870
= $37.4
Therefore,
The amount of the cash paid on July 8
= Amount of merchandise actually purchased - Amount of discount
= $1,870 - $37.4
= $1,832.6