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yuradex [85]
3 years ago
8

How does the automated system improve the efficiency and timeliness of financial statements?

Business
1 answer:
stich3 [128]3 years ago
4 0
Ceee
 nam inteles scuze nu stiu

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A customer _____ would be described by attributes such as customer last name, customer first name, customer phone, customer addr
sergeinik [125]
I believe the answer you're looking for is Entity
8 0
3 years ago
A firm currently sells $1,750,000 annually of an expensive product line. That firm is considering a similar, less expensive, dis
stepan [7]

Answer:

$175,000

Explanation:

A firm currently makes an amount of $1,750,000 annually from an expensive product line

The firm projects a sales of $380,000

The discount line is expected to cause a reduction in the sales of the expensive product line to $1,575,000

Therefore, the incremental revenue associated with the discount product line can be calculated as follows

= $1,750,000-$1,575,000

= $175,000

Hence the incremental revenue associated with the discount product line is $175,000

7 0
2 years ago
Current information for the Healey Company follows:
Zarrin [17]

Answer:

The correct answer would be option A, $125800.

Explanation:

Cost of goods manufactured= Total costs + beginning work in process - Ending work in process

Total costs include Direct Materials, Direct labor and Factory Overheads. So the Above formula can be written as:

CGM = (Direct materials + Direct Labor + Factory overhead) + Beginning WIP  - Ending WIP

Now

Direct Materials = Beginning raw materials + Purchased Raw Materials - Ending Raw materials

= 15200+60000-16600= 58600

Now Direct labor given is = 42800

And Factory Overheads = 30000

So,

Total costs= direct materials + Direct Labor + Factory Overhead

Total Costs= 58600 + 42800 + 30000  

= 131400  

Beginning work in process = 22400

Ending work in process = 28000

NOW Costs of Goods Manufactured/CGM = Total Cost + Beginning WIP -Ending WIP

= 131400+22400-28000

=$125800

5 0
3 years ago
On March 5, 2020, Northwest Co. purchased $400,000 in merchandise on account with credit terms of 1/15, n/45. Purchases were all
NikAS [45]

Answer:

Net amount paid = 391050

Explanation:

Accounts payable =395,000

Cash =391,050

Inventory =3,950

Accounts payable =396,000

Cash =396,000

Accounts payable =395,000

Purchase discount  =3,950

Cash =398,950

Accounts payable =400,000

Cash =396,000

Purchase discount =4,000

Accounts payable  = 395,000

Cash  = 391,050

Inventory  = 3,950

 

Gross amount due = Amount of purchase - return = 400000-5000 = 395000 will be debited to Accounts payable

Discount will be allowed as payment made within 15 dyas

Disount will be = 1% of 395000 = 3950 which will be credited to inventory

Net amount paid will be credit to cash = 395000-3950 = 391050

5 0
3 years ago
Read 2 more answers
Galatea Foods was founded in Greece by Galatea Chronos in 1978, and the company spread rapidly through Western Europe. Ms. Chron
Alina [70]

The company probably uses the multidomestic strategy.

<h3><u>What is a multidomestic strategy?</u></h3>
  • A multi-domestic strategy is one in which businesses adapt both their product lineup and their marketing approach to suit several national contexts in an effort to maximize local responsiveness.
  • Each large national market where commerce is conducted typically has established production, marketing, and R&D operations.
  • The structure of multinational corporations is described by an alternative use of the phrase.
  • International or multinational businesses advertise comparable products in numerous countries and benefit from economies of scale through shared overhead.

Multinational corporations can achieve more localized management by having separate headquarters in many nations, but at a higher cost by forgoing the economies of scale through cost sharing and centralization.

Know more about multidomestic strategy with the help of the given link:

brainly.com/question/14989951

#SPJ4

4 0
11 months ago
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