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wariber [46]
3 years ago
7

Mr. Smith, a cash-basis, calendar-year taxpayer, owns a duplex. He lives in one unit and rents the other unit to an unrelated in

dividual. The two units are approximately equal in size. On July 1, Year 1, Mr. Smith paid the property insurance on the duplex for the 3-year period July 1, Year 1, through June 30, Year 4. The total premium was $360. For Year 1, Mr. Smith’s rental expense for this insurance policy isA. $30
B. $60
C. $120
D. $360
Business
1 answer:
Angelina_Jolie [31]3 years ago
5 0

Answer:

Mr. Smith’s rental expense for this insurance policy is

A. $30

Explanation:

Premiun 360

N 3

year 120

From July to December 60

 

Duplex insurance e/one 30

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Levenworth Company incurs unnecessary costs each period because of the excess quantities of inventory maintained to meet unexpec
Anon25 [30]

Answer:

The correct answer is C

Explanation:

JIT termed or stand for the Just in Time Inventory, it is a strategy or the plan of action, which is to increase the efficiency and decrease the waste through receiving the goods only as they are required in the process of the production, thereby decreasing the inventory costs.

So, the costs of the obsolescence, inventory financing and storage supervision could be decreased through the practice of the JIT (Just-in-time inventory).

8 0
3 years ago
The national pork board of the united states wants to create more consumer demand for pork products. the board decides on how to
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5 0
3 years ago
Read 2 more answers
With one (1) example each, state and explain five (5) outputs derived from a business policy
vekshin1

Answer:

Business Policy refers to how a company guides it's actions towards achieving it's goals. In other words these are guidelines and actions that the company sets out as required for it's employees that the company may achieve long term goals.

Outputs of Business Policy includes,

a. Easier Decision Making

When a business properly sets out it's policy on certain actions then employees make decisions easier in relation to actions that would otherwise have been unclear as to how they could be resolved.

For example, stating that the company does not take gifts from clients will help a Fund Manager for example, avoid receiving tickets to a game from a client as gratitude for a job well done.

b. Outline Job Expectations

Business Policies let employees know exactly what is expected of them so that they may act accordingly. Surprisingly more often than not, employees can act in a certain way that could hurt the firm simply because they did not know better. Well established business policies can solve this problem.

For example, by stating the decision authority of jobs in a Department, employees can know not to overstep.

c. Employee Efficiency

Establishing business policies can help improve the work rate of employees by giving them.incentives, quotas, requirements or by removing distractions. The Employees will therefore focus more on their work and work better to improve the company.

For example, mandating that Social Networks not be used on company time will help some employees focus better.

d. Consistency

Well established business policies ensure that there is consistency in the operations of the business. Policies will tell the Employees how things are done and even when new employees come, the policies can guide them in their work so that they can pump out a consistent level of work to company expectations.

For example, Stating Audit Policy in an Audit Firm so that all employees may audit companies in a certain consistent way for easier comparison.

e. Improves Working Environment

Good and well implemented Business policies reduces friction amongst Employees amongst themselves and with management. Because everyone will have their roles, they will act accordingly and avoid stepping on the shoes of others.

For example, a certain team will be in charge of one facet of production and another team will be in charge of another. This way the teams don't clash on decisions to be made in the facet of production that they are in charge of.

8 0
3 years ago
Kaspar Industries expects credit sales for January, February, and March to be $202,100, $264,200, and $319,300, respectively. It
Wittaler [7]

Answer:

January $151,575

February $248,675

March $305,525

Explanation:

The computation of the cash collections is shown below:

January month

= January credit sales × month of sale collection percentage

= $202,100 × 75%

= $151,575

February month

= January credit sales × following month collection percentage + February credit sales  × month of sale collection percentage

= $202,100 × 25% + $264,200 × 75%

= $50,525 + $198,150

= $248,675

March month

= February credit sales × following month collection percentage + February credit sales  × month of sale collection percentage

=  $264,200 × 25%+ $319,300 × 75%

= $66,050 + $239,475

= $305,525

3 0
3 years ago
Your boss asks you to do some reporting on your email performance from last quarter. which email metric can you ignore?
DanielleElmas [232]

Base on the scenario, the email metric that you can ignore after your boss asked you to do some reporting in your email performance last quarter is the industry average. The industry average are used in means of having to create components financially when it comes to business plan.

8 0
3 years ago
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