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3 years ago

In supplier selection, the main idea is to find the highest-quality materials available.

1 answer:

6 0

The answer is true but other factor may come into play such as the cost and reliability of the supplier so these should be taken into account when choosing a supplier

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On January 1, 2019, Crouser Company sold the land to Chad Company, accepting a 2-year, $150,000, non-interest-bearing note due J

ira [324]

Answer:

Explanation:

On January 1, 2019, Crouser Company sold the land to Chad Company, accepting a 2-year, $150,000, non-interest-bearing note due January 1, 2021. The fair value of the land was $123,966.90 on the date of sale.

The company purchased the land for $120,000 on January 1, 2013. Prepare all the journal entries on Crouser's books for January 1, 2013, through January 1, 2015, in regard to the Chad note

On the date of Sale - Jan 1, 2019

Debit Notes Receivable........123,966.90

Credit Land.....................................................123,966.9

Being sale of land to Chad Company, accepting a 2-year, $150,000, non-interest-bearing note due January 1, 2021

(Note that the short fall between the value of the land and the note receivable represents a discounting of the note receivable to Present Value, and this discounted amount of 26033.1 will be unwound in 2 years)

On 31 Dec 2019

Debit. Notes Receivable.........................12,396

Credit. Interest Income......(10% x 123,966.9)...12,396

Being the unwinding of the interest on Notes Receivable against land sale

On 31 Dec 2020

Debit. Notes Receivable.........................13,636.29

Credit. Interest Income......(10% x (123,966.9+12,396))...13,636.29

Being the unwinding of the interest on Notes Receivable against land sale

On Jan 1 2021

Debit Cash...........................150,000

Credit Note Receivable....................150,000

7 0

4 years ago

Wrangler Western has some of its jeans stone-washed under a contract with an independent contractor, Almos Garment Corp. If Almo

Novay_Z [31]

Answer:

The present of worth of machine operating cost is $ 228,061.55

Explanation:

In calculating the present worth of the machine operating cost,I grew the cost of $34000 per year from year 3 onwards by 6% , thereafter I discounted the increased machine operating cost with the applicable discount factor in each year as shown in the attached spreadsheet.

Download xlsx

6 0

3 years ago

The basis of accounting used by not-for-profit organizations in their external financial reports is

beks73 [17]

Answer:

The correct answer here is A) industry specific basis of accounting.

Explanation:

The term nonprofit accounting means a unique way of recording and reporting the business transactions which are taken up by the nonprofit organizations. There are various basis of accounting, which a non for profit organization can use like cash basis ( where income and expenses are recognized when they occurred , and this type of accounting is more suitable for smaller nonprofits organizations ) , accrual basis ( where income and expenses are recorded when they are earned not received ) , modified cash basis ( is a mixture of both cash and accrual basis of accounting ). But when a not for profit organization is preparing their external financial report, the basis of accounting would be industry specific.

3 0

3 years ago

A project is expected to generate annual revenues of $129,300, with variable costs of $72,400, and fixed costs of $18,900. The a

Talja [164]

Answer:

$42,950

Explanation:

Data and Calculations

Revenue $129,300

Less variable costs ($72,400)

Less fixed costs ($18,900)

add depreciation $4,950

Operating Cash flow $42,950

Thus

The annual operating cash flow $42,950.

4 0

3 years ago

In the context of the number and the intensity of external factors in the environment that affect organizations, a(n) _____ is d

xxMikexx [17]

Answer:

simple environment

Explanation:

Organizational environment can be regarded as internal as well as external environmental factors which can influence the activities and

decision making of the

organization. The environment of an organization has a surroundings which has favourable or unfavorable effects on its operations. simple environment is one with a limited environmental factors which can influence or affect the operation of the organization, the intensity of external factors that affects

simple environment is very low compare to complex environment. It should be noted that In the context of the number and the intensity of external factors in the environment that affect organizations, simple environment is defined as an environment with few environmental factors.

4 0

3 years ago