Licensed professionals who indulge in preparing financial documents for individuals, organizations and business are called public accountant. Hence, Kimberly would be classified as a public accountant.
- Based on the description given which involves the various tasks undertaken by Kimberly while working for Jonah, such as preparation of tax income forms and various financial documents.
- Here, Jonah is Kimberly's client and she will be classified as a public accountant.
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Answer:
The correct answer is letter "B": as-late-as-possible.
Explanation:
Primavera P6 is a Project Management Program useful to plan, schedule, execute, and control projects. In scheduling, there are constraints such as the As-Late-As-Possible (ALAP) which is used to delay a project's start without affecting its completion. For manufacturers using the Just-In-Time (JIT) inventory ALAP will be beneficial since the arrival of the raw materials must be delayed until it reaches the plant.
Answer:
efficiency variance
Explanation:
When standard direct labor hours differ from actual direct labor hours used, the company experienced an "efficiency varaiance". It can be used in order to analyze how effective an operation is in relation to labor, materials, machine time and other production factors.
Efficiency variance is actually the difference which exists between the theoretical amount of inputs which are needed to produce an output and the actual number of inputs which are required to manufacture the unit of output.
Answer:
November 17
Trade Receivable-Thomas Company $56,250 (debit)
Revenue $56,250 (credit)
November 26
Cash $55,125 (debit)
Discount Allowed $1,125 (debit)
Trade Receivable-Thomas Company $56,250 (credit)
Explanation:
November 17
Recognize Revenue and Recognize an Asset : Trade Receivable
Trade Receivable-Thomas Company $56,250 (debit)
Revenue $56,250 (credit)
Revenue Calculation = 100 units × $760 × 75% = $56,250
November 26
The payment date is within the cash discount period in terms of credit sale. Hence Thomas Company is granted cash discount of 2% (2/10, n/30).
Cash $55,125 (debit)
Discount Allowed $1,125 (debit)
Trade Receivable-Thomas Company $56,250 (credit)
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