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4vir4ik [10]
3 years ago
5

Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after re

viewing it, which she thinks is a waste of time and effort. Kayleigh believes that having the name of the employee who requested the materials should be enough. Is she correct?
A :

Yes, it is an extra step and a waste of time; this could be eliminated to allow each requestor to be responsible.

B :

No, approval by an individual other than the requestor establishes greater accountability over inventory.

C :

Yes, most companies allow the responsibility to rest with the requestor and the receiver of the material requisition slip.

D :

No, having one person approve of all inventory works to reduce inventory cost as well as lost request forms.
Business
1 answer:
DiKsa [7]3 years ago
8 0

Answer:

(C) Yes, most companies allow the responsibility to rest with the requester and the receiver of the material requisition slip.

Explanation:

As Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after reviewing it, which she thinks is a waste of time and effort. Kayleigh believes that having the name of the employee who requested the materials should be enough. Yes, it is very much true and correct because many companies allow the responsibility to rest with the requester and the receiver of the material requisition slip. Some companies do not want that process to become to become much hectic and lengthy for its management as well as workers. If this process is being followed then less time will be taken to complete the overall project and both the time and cost can be saved to make overall project more effective and efficient as well.

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The Buck Store is considering a project that will require additional inventory of $216,000 and will increase accounts payable by
Anestetic [448]

Answer:

$607,250 outflow

Explanation:

Net Working Capital is the amount of money needed to maintain operations on a day to day basis.

Net Working Capital = Current Assets - Current Liabilities

where,

<u>Current Assets are calculated as :</u>

Inventory                                                        $216,000

Accounts Receivable ($525,000 x 1.09)   $575,250

Total                                                                $788,250

and

Current Liabilities = $181,000

therefore,

Net Working Capital = $788,250 - $181,000 = $607,250

Conclusion

The project's initial cash flow for net working capital is $607,250 outflow.

5 0
2 years ago
If the credit to record the purchase of supplies on account is not posted
Ratling [72]
The liabilities will be understated. 
6 0
3 years ago
If a customer buys 1 xyz aug 50 put at 1 and sells 1 xyz aug 65 put at 10 when xyz is at 58, the maximum potential gain is?
Olenka [21]

If a client buys 1 XYZ Aug 50 put at 1, and deals 1 XYZ Aug 65 put at 10 when XYZ is at 58, the greatest potential gain is 900.

<h3>The Formula and Calculation of Time Value</h3>

The instructions below show that time value is derived by removing an option's intrinsic value from the option bonus. In other words, the time worth is what's left of the premium after calculating the profitability between the strike expense and the stock's price in the market.

The maximum gain on any distinction spread is the net credit. In this issue, $1,000 was received and $100 paid out, so the net recognition is $900.

To learn more about potential gain visit the link

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3 0
2 years ago
Name one form of collusion
Vera_Pavlovna [14]

Answer:

price fixing

Explanation:

The collusion occurs when firms agree to collaborate in a way that disrupt markets such as fixing prices above the actual price to alter the equilibrium of the market

3 0
3 years ago
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GarryVolchara [31]

Answer:

Expenses, Losses, Income and Gains are associated with nominal accounts.

5 0
2 years ago
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