Answer:
D. Advanced Approvals; multiple Approval Steps can be set up in a single Approval Chain to send Approval requests in parallel.
Explanation:
Advanced approvals is a procedure followed by the staff of companies who seek approval for quotes. The approval request is scrutinized with the aid of the approval rules which checks to ensure that the standards are met. The approval requests are now sent to the staff designated as approvers to accept the request. When there are multiple approval requests that are meant to be sent simultaneously, the approval chain ensures that the multiple requests are sent to the approvers in parallel or sequence. The request can only be approved when all the approvers have accepted the request.
So, for Universal containers who wants to send requests simultaneously to two teams, the multiple approval steps can be set up in a single approval chain so that the approval requests are sent in parallel.
Answer:
$210,000
Explanation:
Calculation to determine the pension expense for the year
Service cost $197,000
Interest cost $39,000
Less Expected return on plan assets ($26,000) ($260,000*10%)
Pension expense $210,000
Therefore the pension expense for the year will be $210,000
Answer:
the cost of the unused capacity reported is $11,400
Explanation:
The computation of the cost of the unused capacity reported is as follows:
= (Estimated amount of overhead ÷ capacity machine hours) × (capacity machine hours - actual machine hours)
= ($22,800 ÷ 19,000 machine hours) × (19,000 - 9,500)
= $1.2 × (9,500)
= $11,400
hence, the cost of the unused capacity reported is $11,400
Answer:
32.59 days
Explanation:
DSO = Average receivables / Sales Revenue X 365
= $56,736 / (2,473,701 - 1,838,207) x 365
= $56,736 / (635,494) x 365
= 32.59 days