The recurring steps performed each reporting period in preparing financial statements, starting with analyzing and recording tra
nsactions in the journal and continuing through the post-closing trial balance, is referred to as the___:
1 answer:
Answer:
Accounting Cycle
Explanation:
The accounting cycle includes the steps taken from transaction to recording of these transaction and preparation of annual financial statement and closing of books is known as accounting cycle. These are the tasks that are repetitive and the management follow all these steps to present a financial statement presents a true and fair picture of financial stance of the organization.
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Answer:
14 truck and 1 suv produce 21,800 profit
Explanation:
We have to solve for the contribution margin considering the constraing resourse which, is the ordering cost:
The card models revenue is calcualted using the net realizable value for each card, which is their sales price less the 5% sales commission.
Then we solve for how many truck will it purchase:
300,000 / 19,000 = 15,78
So the company will purchase 15 trucks
giving 15 x 1,425 = 21,375
This will require 2.5 x 15 = 37.5 hours thus 5 sales man (40 labor)
This creates 2.5 hours unsured
and also 300,000 - 15,000 x 19,000 = 15,000 dollar which are not productive
So, we will try to make a better use to purchase the SUV which is the second best option instead of the 15th truck:
giving 14 x 1,425 + 1350 = 21,300
we subtract the 500 dollar of sales man and get a 21,800 profit
with less unproductive dollar. So this will be the answer