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3 years ago

Windmere allows its administrative employees to arrive any time between 7:00

1 answer:

7 0

This is known as a flex hours policy. Employees can set their own hours of working, so long as they participate in a common core time for the company. This is a commonly sought employee benefit; and can contribute to employee satisfaction with work life balance.

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As a manager or owner, what insight can accounting information about accounts receivable and bad debts provide you to help make

pychu [463]

The information that a manager or an owner can get by having an insight into the accounting information about accounts receivable and bad debts is how much amount of goods are sold to the consumers on credit and how much is the amount that the consumers are not able to pay for the goods that they had bought.

It will also help to decide how much of a provision is required to be kept in advance for bad debts. If a company has a high amount of accounts receivable but a small number of bad debts then it shows that the company is efficient in doing the credit sales and gives goods on credit only to those consumers who can give the debt back.

The manager or the owner can decide that they can do more credit sales as there is less chance of it becoming worse. If a company has a high amount of accounts receivable and a high amount of bad debts then it shows that the company is inefficient in doing the credit sales and gives goods on credit to consumers without a surety of getting the debt back.

The manager or the owner can decide that they cannot do more credit sales as there is more chance of it becoming worse.

Learn more about accounting information here brainly.com/question/26261281

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6 0

1 year ago

Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His

damaskus [11]

Answer:

That is $2,000 loss

Explanation:

After the hurricane Oscar received $140,000 for his loss, the adjusted basis for his property was $130,000 so he had a gain of 140,000- 130,000=$10,000.

According to Sec. 1033(a)(2) since the new property that was built (the replacement) was similar we will recognise the amount received from the insurance company ($140,000) to the extent that it pays for the replacement property.

That is

Gain or loss = amount paid by insurance company- cost of replacement property

Gain or loss= 140,000- 142,000

Gain or loss= -$2,000

That is $2,000 loss

8 0

3 years ago

Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information r

Lera25 [3.4K]

Answer:

Collection from Customers =$487,000

Explanation:

Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance

=97000+$519,000-$65,000

=$487,000

7 0

3 years ago

Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 775,000 candles for the January. Wax is required t

andrezito [222]

Answer:

952,583

Explanation:

Note: The desired December 31 wax inventory is 14,300 pounds. If candle wax costs $1.80 per pound, determine the direct materials purchases budget for January is the correct words

Pasadena Candle Inc.

Direct Materials Purchases Budget

For the Year Ending December 31

Pounds of wax required for production:

Candles (775,000*11/16) 532,813

Add: Desired ending inventory, 14,300

December 31

Total units available 547113

Less :Estimated beginning inventory, 17,900

January 1

Total pounds to be purchased 529,213

Total direct materials to be purchased = Total pounds to be purchased * Unit price

Total direct materials to be purchased = 529,213 * $1.80

Total direct materials to be purchased = 952,583

3 0

3 years ago

Which are questions financial managers ask when considering long-term financing? (Select all that apply)

tensa zangetsu [6.8K]

The questions asked by financial managers are:

What funds do we need to achieve the firm's long-term goals and objectives?
What sources of long-term funding (capital) are available, and which will best fit our needs?
What are the organization's long-term goals and objectives?

<h3>Who are financial managers?</h3>

This refers to managers that are responsible for the financial health of an organization.

Also, these specialized manages create financial reports, direct investment activities, develop financial goals etc.