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exis [7]
3 years ago
9

Which do you think is better?/Which do you prefer? FedEx or UPS?

Business
1 answer:
GrogVix [38]3 years ago
7 0

Answer:

I personally like UPS because most of the times I have to send documents or goods domestically and UPS is very well known for its domestics shipments and I also prefer it because of its low rates as compared to FedEx which has higher rates. I am also comfortable with UPS because of its customer services. They respond to your query very quickly and try to resolve it as soon as possible. Their first priority is always their customers.

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There are some liabilities, such as income tax payable, for which the amounts must be estimated. Failure to estimate these amoun
LenaWriter [7]

Answer: D. Matching principle

Explanation:

The matching principle simply states that organizations or businesses should recognize both the revenues that the company makes and their related expenses that are incurred by the company in same accounting period.

The main idea behind the matching concept is so that earnings that are made by a business will not be misstated.

3 0
3 years ago
On January 5, 2020, Sheffield Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumu
andrew11 [14]

Answer:

 Sheffield Corporation

Journal Entries

Date             Description                              DR                           CR

Jan 11         Cash                                       292,500

                 Common stock                                                     195,000

                 Paid in Capital for common stock                         97,500

               

              <em>Being the amount received on issue of </em>

<em>              </em>

Feb 11     Equipment                                   53,300

              Factory Building                          152,000

              Land                                             295,000

             Prefereed stock                                                     410,000

             Paid -in -capital for Preferred stock                        90,300

July 29   Treasury stock                              25,600

              Cash                                                                            25,600

            Being the payment of own share purchased

Aug 10    Cash                                                   22,400

                Retained Earnings                               3,200

               Treasury stock                                                      25,600

 

Dec 31       Retained  earnings                              10,025

                 Dividend(0.35*19500)                                            6,825  

                 Treasury stock                                                         3,200  

Dec 31       Net Income ( Income Summary)      158,400

                  Retained Earnings                                               158,400

Balance sheet as at Dec 31

Equity

Common stock at $10 par value                                      $195,000

7% Preferred Stock                                                            410,000

Paid in capital for common stock                                        97,500

Paid in capital for Preferred stock                                        90,300

Retained Earnings ( 158,400-6825-3200)                         <u> 148,375</u>

                                                                                             <u>  941,175</u>

Explanation:

4 0
3 years ago
Pappy's Toys makes two models of a metal toy—Standard and DeLuxe. Both models are produced on a single machine. The price and co
Molodets [167]

Answer:

a) it will do 210,000 units of standard

b) 127,500 units of standard

     19,000 units of deluxe

Explanation:

         Standard   Deluxe

Sales                      115        135

Variable Cost      50         54

CM                            165         189

Constrain resource     0.5                1.5

   (machine hours)

CM per constrain  330.00    126.00

a)

As the company can use up to 105,000 machine hours It will use as much as it can in doing Standard model which yield a better contribution of the constrain resource.

105,000 machine hours available / 0.5 hours per standard unit = 210,000 units

As there are 230,000 untis available for Standard we can use the entire capacity for standard and achieve the maximum contribution

b) as there isn't enough demand for standard the compay will do the 127,500 and the rest fill it with deluxe:

105,000 hours - 127,500 x 0.5 = 28,500 hours for deluxe

28,500 / 1.5 hours per unt = 19,000 units for deluxe

3 0
3 years ago
Metzler Communications designs and programs a website for a local business. Metzler charges $33,000 for the project, and the loc
Grace [21]

Answer and Explanation:

1. The Journal entry is shown below:-

Notes receivable Dr, $33,000

        To Sales revenue $33,000

(Being sales is recorded)

2. The computation of interest is shown below:-

Interest = $33,000 × 4% × 6 ÷ 12

= $660

3. The Journal entry is shown below:-

Cash Dr, $33,660

       To Interest income $660

       To Notes receivable $33,000

(Being collection of notes receivable is recorded)

3 0
3 years ago
X Company is preparing its IPO prospectus and is informed by its attorneys that the company needs to discuss the board's role in
Rom4ik [11]

<u>Answer: </u>This discuss would be best placed within the section of the prospectus known as the management section.

<u>Explanation:</u>

The management section in the prospectus has the information regarding the management team biography and the key people in the company. The board's role in risk oversight is through developing policies to build strategies that are consistent with risk ability of the X Company.

Enterprise risk management is a strategy that helps is preventing the company from any hazards. ERM has its effect on the operations of the company so the Board plays a major role in managing ERM.

3 0
3 years ago
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