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2 years ago

Sales made on account normally lead to cash receipts. true or false.

1 answer:

8 0

In accounting, cash receipts refer to the record of the sales made in a form of cash, therefore, credit sales are not included in this record. When we say sales made on account, this refers to credit sales. Therefore, the answer to the given statement above is FALSE.

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Kendrick's job responsibilities have recently been changed as part of a decentralization effort taking place at his office. He h

andrey2020 [161]

<h2>The given situation is an example of job enrichment</h2>

Explanation:

Let us understand the term "job enrichment".

Giving additional responsibilities
Providing additional powers to feel the satisfaction of the job
Organization enrich the job to support indirect motivation
It is one way to retain the highly qualified employees for longer duration
This is also done to better utilize the skills which in turn supports the organization to grow better.
The negative part is that it increases the work load of the employee.

8 0

2 years ago

Use the following information:Net sales $ 240,000Cost of goods sold 172,000Beginning inventory 53,000Ending inventory 43,000Calc

mr_godi [17]

Answer:

The inventory turnover ratio is 3.58 times

Explanation:

Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period

Inventory turnover ratio is calculated by using following formula:

Inventory turnover ratio = Cost of Goods Sold/Average Inventory

In there:

Average Inventory = (Beginning inventory + Ending inventory)/2

In the company:

Average Inventory = ($53,000 + $43,000)/2 = $48,000

Inventory turnover = $172,000/$48,000 = 3.58 times

5 0

2 years ago

Suppose a three-person comittee is formed for a culb by drawing names out of a hat. If the expected number of women is 2 and the

tangare [24]

Answer: 20 women

Explanation:

Making the total number of women in the club 'x', we can then do the following,

Total Number of Names in Hat, N

N = x + 10 ( total number of men)

therefore total number of names in the hat N=x+10

We need to select 3 people so sample size = 3

Using the Hypergeometric Distribution then we can then use the formula,

Expected number of women on the Committee = k * n / N

Where k is the total number

2 = x * 3 / (x + 10)

2 = 3x/(x +10)

3x = 2x +20

x = 20

There are 20 women in the club.

8 0

3 years ago

Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in

Delicious77 [7]

Answer:

B. $130,000

Explanation:

We know,

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead + Beginning work-in-process - Ending work-in-process

Given,

Direct materials = $60,000

Direct labor = $39,000

Manufacturing overhead = $43,000 (As the manufacturing overhead cost applied to work-in-process, so we will take $43,000 instead of $40,000).

Beginning work-in-process = $10,000

Ending work-in-process = $22,000

Putting the information into the above formula, we can get,

Cost of goods manufactured = $60,000 + $39,000 + $43,000 + $10,000 - $22,000

Cost of goods manufactured = $130,000

5 0

3 years ago

Which of the following tasks is likely to be done by the HR department?

Blizzard [7]

I believe the answer is D. Hiring employees.
Hope that helped.

6 0

3 years ago

Read 2 more answers