Answer:
To verify the accuracy of his rental history
Explanation:
Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.
He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.
Explanation:
Answer:
$37.80
Explanation:
Particulars Amount Calculations
Direct materials $7.00
Handling $2.80 ($3,500/5,000*4 parts)
Assembling $9.60 ($12,000/5,000*4 parts)
Packaging <u>$18.40 </u> ($5,750/1,250*4 parts)
Total manufacturing cost per chair <u>$37.80</u>
Answer:
From this description, it can be inferred that Fantastic Flavors uses a(n) Team-based new-product developmen approach
Explanation:
Team-based new-product development is an approach to developing new products in which company departments work closely together in cross-functional teams, overlapping the steps in the product development process to save time and increase effectiveness
Answer:
<u>December 31, 2018</u>
Debit : Dividend $40,000
Credit : Shareholders for dividends $40,000
Explanation:
When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.
Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :
Dividend = 100,000 x $2.00 x $0.20 = $40,000
Answer:
One important financial reporting instrument for measuring and assessing an organisations liquidity risk is the Cash Flows statement. It speaks to the availability of cash in the short term, and or assets that can be readily converted to cash.
In other words, when a business has immediate financial obligations, cash refers to those resources that can be used to satisfy them.
An understanding of cash flows is crucial to business success because it:
- provides a clear picture of an organisations cash status or liquidity;
- helps business owners plan for how much cash expected in the future and when it is likely to come;
- when organisations want to benchmark their performance against one another, it becomes very handy and useful. Banks, for instance, measure the ability of a business to meet it's liquidity requirements as a measure of eligibility to receive additional finance.
One way companies can maintain liquidity during this pandemic is to control overhead expenses. Necessity is the mother of invention. Companies can have their team brainstorm on creative ways to cut down on operational, administrative and production costs. Some costs which can be considered for downward revision are rent, labor costs (such as business performance incentives), professional fees, marketing costs, advertising costs, public relations etc.
Cheers!
