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Wewaii [24]
3 years ago
7

A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to

test its contingency plans
Business
1 answer:
ddd [48]3 years ago
3 0
TRUE. A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to test its contingency plans
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Gaur sells Jensen equipment under an arrangement whereby Gaur delivers the equipment on January 1, 2021 and receives payment on
S_A_V [24]

Answer:

B. Credit to sales revenue

Explanation:

As per revenue recognition principle, revenue should be recognized when it is earned and not when cash is received.

As per accrual basis of accounting, revenue is to be recognized when the ownership of the goods has been passed by the seller to the buyer and there is reasonable assurance that payment would be received.

When a sale is effected and goods are delivered with reasonable certainty that payment would be received, following journal entry is recorded:

Accounts Receivable A/C                                Dr.

     To Sales Revenue

(Being equipment sold recorded)

5 0
3 years ago
Target Corporation reported the following information in a recent Form 10-K. Consolidated Statement of Operations ($ millions) F
lisabon 2012 [21]

Answer: See explanation

Explanation:

a. inventory turnover ratio

This will be calculated as:

= Sales cost / Average inventory

= $67,596 / $9301.50

= 7.2672

= 7.27

(b) average days in inventory.

This will be calculated as:

= 365 days / Inventory turnover ratio

= 365 / 7.27

= 50.20

= 50 days

Note:

Average inventory = ($10,321 + $8,282) / 2 = $9301.50

7 0
2 years ago
Suppose that the one-year interest rate is 5.0 percent in the United States; the spot exchange
Mrac [35]

Answer:

The interest rate for the euro zone to avoid arbitrage has to be C) 8.62%

Explanation:

Hi, we need to solve for r(eur) the following equation in order to find an interest rate that will avoid arbitrage.

Forward=Spot(\frac{1+r(usd)}{1+r(eur)} )

That is:

1.16 =1.20 (\frac{1+0.05} {1+r(eur)} )

(1+r(eur)) =\frac{1.20} {1.16} (1+0.05)

r(eur)=\frac{1.20}{1.16}(1+0.05)-1

r(eur)=0.0862

So, the euro zone rate to avoid arbitrage is 8.62%, which is option C)

Best of luck.

3 0
2 years ago
Craig Company uses a predetermined overhead rate to assign overhead to jobs. Because Craig's production is machine intensive, ov
melisa1 [442]

Answer:

1. $14.4 per machine hour

2. $78,000 over-applied

Explanation:

The computation is shown below:

1. Predetermined overhead rate = (Expected overhead for the year) ÷ (practical level of activity)

= $5,702,400  ÷ 396,000 machine hours

= $14.4

b. The overhead variance is

For computing the overhead variance, first we have to determine the applied overhead that is given below

= Actual machine hours × predetermined overhead rate

= 404,000 machine hours × $14.4

= $5,817,600

So, the overhead variance equals to

= Actual manufacturing overhead - actual overhead

= $5,739,600 - $5,817,600

= $78,000 over-applied

4 0
3 years ago
Do you agree that diversity is just good business in the United States today? Explain.
Angelina_Jolie [31]

Answer:

Yes, it is very much important to understand diversity for any kind of business all over the world particularly in the United States today, because it is very much true that we all are not the same in many ways. But managers, many times forget, bypass or surpass this fact. Managers should take individual differences into account, they definitely are required to consider them to get the most and maximum from their workforce. There are many reasons which should be kept in mind while understanding the  diversity. Managing diversity definitely needs a certain atmosphere where people from different cultures, social background, and different in many others aspects like age, education, gender and race etc. can work together effectively with full coordination and cooperation. It enables people to attain their full potential at the workplace. It eliminates and removes all kind of discrimination among workers, moreover, it helps organisation to achieve their aims and goals.   Managers need to manage diversity effectively if they want an increased access to the widest range of abilities, skills and ideas in the today's world. They should also know that the differences among workforce can surely and definitely lead towards misunderstanding, miscommunication and conflict.

4 0
2 years ago
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