Answer:
(C) Yes, most companies allow the responsibility to rest with the requester and the receiver of the material requisition slip.
Explanation:
As Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after reviewing it, which she thinks is a waste of time and effort. Kayleigh believes that having the name of the employee who requested the materials should be enough. Yes, it is very much true and correct because many companies allow the responsibility to rest with the requester and the receiver of the material requisition slip. Some companies do not want that process to become to become much hectic and lengthy for its management as well as workers. If this process is being followed then less time will be taken to complete the overall project and both the time and cost can be saved to make overall project more effective and efficient as well.
Answer:
Duke Company Lord Company 2022 2021 2022 2021 Net Sales $1,849,000 $546,000 Cost Of Goods Sold 1,063,200 289,000 Operating Expenses 240,000 ...
Explanation:
Explain why the president has to be
Answer:
Land = $ 61,950
Building = $ 227,150
Equipment = $ 82,600
Explanation:
Given the following fair values
Land = $ 70,800
Building = $259,600
Equipment = $ 94,400
Total cost (based on fair value) = 70,800 + 259,600 + 94,400
= $ 424,800
Cash payment given = $ 371,700
Using the proportion system to allocate the cost,
Cost of land = 
× 371700
= $ 61,950
Cost of building = 
× 371700
= $ 227,150
Cost of Equipment = 
× 371700
= $ 82,600
Therefore, the amounts to be recorded in the books for land, building and equipment are $ 61,950, $ 227,150 and $ 82,600 respectively.
Answer:
$213,250
Explanation:
The calculation of cash inflow is shown below:-
Expected cash collections
For the month of June
Months Sales Percentage Expected collections
April $282,500 5% $14,125
May $213,750 30% $64,125
June $225,000 60% $135,000
Total collection in the month of June $213,250
Here we assume Sales for April$282,500, May $213,750 and June $225,000.
Please ignore the last value as it is not relevant to the question
