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TEA [102]
3 years ago
7

Techup inc., a manufacturer of computer chips, hires an external specialist agency to perform background checks of its new emplo

yees. by doing this, techup ensures quality service and saves both time and labor costs. this scenario illustrates the concept of _____.
Business
1 answer:
OleMash [197]3 years ago
6 0
<span>This scenario illustrates the concept of "outsourcing".
</span>
Outsourcing (likewise in some cases alluded to as "contracting out") is a business practice which is utilized by organizations and companies to decrease costs or enhance effectiveness by moving undertakings, tasks, occupations or procedures to an outside contracted third party for a specific time frame. The functions that are contracted out by the outsider or third party can be performed either on location or offsite of the work.
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120*45+120*54*120+0+0+0+0+0+0+0=
IRINA_888 [86]

Answer:

783000

Explanation:

3 0
2 years ago
Read 2 more answers
A credit granted to a customer for returned goods requires a debit to a. Accounts Receivable and a credit to a contra-revenue ac
12345 [234]

Answer:

d. Sales Returns and Allowances and a credit to Accounts Receivable.

Explanation:

The entry to record credit granted to customer entails :

Decrease the Assets of Accounts Receivable (credit entry) and Decrease the Sales Revenue (debit entry).

The Recognition of Sales Return and Allowance decreases Sales Revenue.

5 0
3 years ago
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa
sweet-ann [11.9K]

Answer:

Explanation:

Net income is the summation of all revenue generated substracted from all costs such as tax, interest and others it is the profit made.

Cash flow is the amount that the producer needed to spend when stating an accounting section romove from amount needed at the end of that accounting section.

Whenever transactions are carried out,

Cash flow and net income can be affected in ways that are not the same, once goods is sold the net income is noted by the manufacturer, let say he sell goods of $400 to a retailer if the retailer doesn't pay instantly, it mean the manufacturer has $400 cash less.i.e net income

a. Purchased $125 of supplies for cash.

Answer:

✓There is decrease in cash by $125

✓There is no change as far as Net Income is concerned here.

b. Recorded an adjusting entry to record use of $45 of the above supplies.

Answer:

✓There is No change to Cash here,

✓The net income is is decreased by $45.

c. Made sales of $1,220, all on account.

Answer:

✓There is No change to Cash here,

✓The Net Income is increased by $1,220

d. Received $850 from customers in payment of their accounts.

Answer:

✓ There is Cash increase, by. $850 ,

✓ There is No change to Net Income

e. Purchased equipment for cash, $2,500.

Answer:

✓There is Cash is decreased by $2,500

✓ There is no change to Net Income

f. Recorded depreciation of building for period used, $610.

Answer:

✓ There is No change to cash,

✓ there is decrease in Net income by

$610

6 0
3 years ago
Listmann Corp. processes four different products that can either be sold as is or processed further. Listed below are sales and
Sloan [31]

Answer:

The product Deluxe sgould not be processed further.

Explanation:

Giving the following information:

Sales - Value without Processing - Additional Costs - Sales Value after processing

Premier: $1,350 - $900 - $2,700

Deluxe: 450 - 225 - 630

Super: 900 - 450 - 1,800

Basic: 90 - 45 - 180

We need to calculate the contribution margin of each product before and after processing.

<u>Premier:</u>

Before= 1,350

After= 2,700 - 900= $1,800

It is more profitable to continue processing.

<u>Deluxe:</u>

Before= 450

After= 630 - 225= $405

It is more profitable to sell before processing.

<u>Super:</u>

Before= 900

After= 1,800 - 450= $1,350

It is more profitable to continue processing.

<u>Basic:</u>

Before= 90

After= 180 - 45= 135

It is more profitable to continue processing.

5 0
3 years ago
The Lagan family bought a $150,000 home in 2002. They obtained a mortgage loan for 30 years. The monthly payments, not including
nikklg [1K]

$172,200 will be paid on the house during last 30 years and Simple Interest is $322,200.

<h3><u>What is Simple Interest?</u></h3>
  • Simple interest is a quick and simple formula for Figuring out how much interest will be charged on a loan.
  • The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
  • Although some mortgages employ this calculation approach, this kind of interest typically relates to auto loans or short-term loans.
  • Consumers who pay their loans off on time or ahead of schedule each month benefit from simple interest.
  • Simple interest loans are frequently used for auto loans and short-term personal loans.

Total amount paid = (895)(12)(30) = $322,200

$322,200-$150,000 = $172,200

Know more about Simple Interest with the help of the given link:

brainly.com/question/25845758

#SPJ4

8 0
2 years ago
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