Answer:
the gross profit of XYZ is $294,000
Explanation:
The computation of the gross profit is shown below:
= Revenue - cost of goods sold
= $485,000 - ($38,000 + $186,000 - $33,000)
= $485,000 - $191,000
= $294,000
Hence, the gross profit of XYZ is $294,000
The above formula should be used for the same
A mortgage originator convincing an appraiser to grow the valuation on a home that the originator's buddy is trying to shop for is an instance of Fraud For profit.
An appraiser is someone who makes use of their analytical capabilities to assess and assign value to a product, piece of machinery, intellectual assets, actual property, or industrial entity.
An appraiser is an expert who determines the market price of an asset which includes rings, art, gems, circle of relatives' heirlooms, and real property. All appraisers need to act independently of the shopping for and selling events, and their critiques need to be independent. Appraisers take a look at the scale, form, and topography of the lot, which includes easements and encroachments. The appraiser will even note amenities consisting of avenue utilities and vehicular get admission. a part of the evaluation technique includes an opinion of whether or not the house's characteristics are like-minded with the market.
Learn more about appraisers here:
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Answer:
a) true
Explanation:
The average collection period could be computed by
= Total number of days in a year ÷ account receivable turnover ratio
It determines the number of days in which the customers pay the amount to the company.
If the payment is made within the prescribed time or early so it shows the goods performance else it reflects the worst performance
Therefore according to the given situation, if there is strictness in collection policy which ultimately reduced profit due to lost sales plays a very important role in shorten the collection period
Answer:
a. promote good relations
b. formally confirm follow-up procedures
c. establish a record of the incident
Explanation:
If we follow up with the bad news in written form so it is important for promoting the goods relations with the clients or customers, confirming the follow-up procedures with respect to clients or customers, plus it also develops the record of the incident but it does not important to achieve for all of the purposes
Therefore the correct option is a, b and c but not d
