<h2>The given statement is true.</h2>
Explanation:
Points and sub points help the readers to,
- Understand it clear
- Better clarity
- Reader-friendly
As per the given statement in the question, it is mandatory to have two or more points as sub points.
Reason:
We go for elaborating with sub points for the reason that
- it needs more briefing in points
- Need to talk variety of details
- To convey depth of content in simple way
- Depth indicates that the pointers will be more than 2 items
So if the pointers are lesser than two, then it is enough the content is delivered as a single statement than in points.
Answer and Explanation:
The journal entry is shown below:
Cash $8,730
Sales Discount ($9,000 × 3%) $270
To Accounts receivable $9,000 ($10,000 - $1,000)
Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets
Answer:
$12.50
Explanation:
Variable costs are those costs which changes with the change in activity driving the cost (Sales. production etc.). It can be direct or indirect costs.
Whereas fixed costs are those costs which remains constant and do not change with the change in activity.
All the following costs are variable costs
Average Cost per Unit
Direct materials $6.45
Direct labor $3.30
Variable manufacturing overhead $1.25
Sales commissions $1.00
Variable administrative expense <u>$0.50</u>
Total variable cost per unit <u>$12.50</u>
All the following costs are fixed costs.
Fixed manufacturing overhead $3.00
Fixed selling expense $1.05
Fixed administrative expense $0.60
For a small business, a good way to prevent or detect fraud is<u> B. Owner involvement</u> in the business.
<h3>What is a small business?</h3>
A small business can be defined as a privately owned corporation, partnership, or sole proprietorship with fewer employees and less annual revenue than a large business.
Five types of small businesses have been identified as follows:
- Sole proprietorship
- Partnership
- Corporation
- S Corporation
- Limited liability company.
Given the employment and revenue profiles of small businesses, they may not afford to detect or prevent fraud by the segregation of duties as required by internal controls.
Hiring CPA Auditors and trusted employees only cannot help small businesses prevent or detect fraud.
Thus, the best way for a small business to prevent or detect fraud is by the involvement of the owner in the business.
Learn more about small businesses and internal controls at brainly.com/question/14473430
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Answer:
Basket purchases.
Explanation:
Basket purchases is a term used for buying multiple fixed assets. It is bought as the price for basket purchases is lower than the price for individual asset. The transactions in the basket purchases are accounted for by using the relative sales value method to calculate unit purchase cost. It is calculated by dividing each sales value of product by the total sales value of all the product.