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4 years ago

Which of the following would not be used to pay for previous credit purchases under the periodic system?

Business

2 answers:

fenix001 [56]4 years ago

5 0

Answer:

Debit to Accounts payable ( A )

Explanation:

To pay for previous credit purchases made by a company it can be made by crediting the Accounts payable of the company or by converting the credit to cash payments to the company from whom the company purchased the goods.

Accounts payable is a liability account operated by a company to take care of all the credit purchase made by the company. crediting this account by the company will help offset previous credit purchases while debiting this accounts will leading to worsening the debit conditions of the company towards its suppliers hence this is a means of paying for previous credit purchases

Cerrena [4.2K]4 years ago

4 0

C. Credit to Accounts Payable

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Care Clinic is preparing a worksheet for their staff. Their average starting salary is $60,000. Benefits are 25% this year. They

pshichka [43]

Answer:

$1,600,200

Explanation:

The total staff expense can be calculated by using the following formula:

Total Staff Expense = (Salary For coming year with increment (STEP1) + Benefits In-Kind) * Total Employees

Here

Salary for Coming Year with Increment is $63,000 (Step1)

Total employees are 20 in Number

Benefits In-Kind per employee is 27% of salary which is $17,010 ($63,000 * 27%)

By putting values, we have:

Total Staff Expense = ($63,000 + $17,010) * 20 Employees

Total Staff Expense = $1,600,200

STEP 1: Find Salary for Coming Year with Increment

Salary for Coming Year with Increment = Average Salary Now * (1 + Increment)

Here

Average Salary is $60,000

Increment is 5%

Salary for Coming Year with Increment = $60,000 *(1 + 5%) = $63,000

EXCEL Formatted Spreadsheet For Care Clinic

Increment Avg. BIK T. Employees Total

5% Salary at 27%

Total Salary 60000 105% 63000 - 20 1,260,000

Benefits In-Kind 60000 105% 63000 27% 20 340200

1,600,200

6 0

3 years ago

In a promotion mix, ________ involves personally connecting with carefully targeted individual consumers to both obtain an immed

beks73 [17]

Answer:

Direct marketing.

Explanation:

Direct marketing works as a set of strategies whose objective is to promote the promotion of a company's products and services through direct contact with its potential audience.

It is a user-friendly strategy that translates into positive results for maintaining business / consumer interactions, creating brand satisfaction and value. Some examples of direct marketing are: telemarketing, telesales, direct mail, email marketing and others.

In order to be an effective strategy the company must select the target audience according to their needs, identify which approach will be most compatible with the internal strategy of the organization and identify marketing tools that translate the organizational values and objectives.

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4 years ago

AnaCarolina and Jaco, executive managers at Duke Manufacturing, are tasked with determining appropriate performance metrics for

Finger [1]

Answer:

a. number of returns due to incorrect products shipped in response to orders.

Explanation:

AnaCarolina and Jaco, executive managers at Duke Manufacturing can use the number of returns due to incorrect products shipped in response to orders to determine appropriate performance metrics for the customer perspective of Duke's balanced scorecard.

The defective units in the production line will give a performance metrics with respect to customer's order.

7 0

4 years ago

Read 2 more answers

What is a tax bracket?

MAXImum [283]

Answer:

Tax brackets show you the tax rate you will pay on each portion of your income

3 0

3 years ago

Which of the following statements is NOT true? Group of answer choices Intelligent investors must be concerned about future afte

umka2103 [35]

Corporate dividends are always paid in cash is not true among the given statements.

Explanation:

Corporates dividends are not always paid in cash sometimes they are paid in merchandise or as other assets. Dividends are earnings which corporations distribute to its stockholders and they are charge against the profit which the corporation generated over the specified period.

They are charged on the stock which is owned by all the shareholders/stockholders or other investors. The period which dividends are paid differs from one corporation to another. Some companies pay annually while others opt for quarterly payments or pay after 3 months.

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3 years ago