Which Administration and Administrative Support career typically has a bachelor’s degree?

Windsor, Inc. just began business and made the following four inventory purchases in June: June 1 138 units $828 June 10 184 uni

Liono4ka [1.6K]

Answer:

$1,150

Explanation:

Given the above information, the value of the inventory method on June 30, using LIFO method would be calculated as;

= $828 + [ ($1,288 ÷ 184) × (184 - 138) ]

= $828 + (7 × 46)

= $829 + $322

= $1,150

Therefore, the ending inventory on June 30, using LIFO method is $1,150

7 0

3 years ago

Wesley has recently graduated and accepted his dream position with a law firm. The human resources team has requested that he tu

artcher [175]

Answer:

The name of the document is Curriculum Vitae.

Explanation:

Curriculum Vitae (CV) is a document that provides detail information about an individual's educational and work history. In this document, you list the qualifications to apply for employment.

There are no fixed rules on the length and content of a C.V. Generally it follows the next structure. Begin with your contact information, such as your complete name, address, telephone number, and email address. You must also indicate your area or areas of academic interest. It should include a personal profile, career objective, and professional profile, it’s a short paragraph giving prospective employers an overview of who you are and what you’re all about.

Focus on your experience and educational background, for example, schools attended and degrees earned, your CV should include a comprehensive account of your academic history.

You can add sections like key skills, hobbies, interests, and references.

8 0

3 years ago

During the month of June, Betty Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 P

Assoli18 [71]

Answer:

Betty Incorporated

Journal Entries:

June 3:

DR Inventory $7,100

CR Accounts Payable (North Inc.) $7,100

To record the purchase of goods on account with terms 2/10, n/30.

June 5:

DR Accounts Payable (North Inc.) $2,600

CR Inventory $2,600

To record the return of goods on account.

June 6:

DR Inventory $2,500

CR Accounts Payable (South Corp.) $2,500

To record the purchase of goods on account with terms 2/10, n/30.

June 11:

DR Accounts Payable (North Inc.) $4,500

CR Cash Account $4,410

CR Cash Discount $90

To record the payment of balance owed to North Inc.

June 22:

DR Accounts Payable (South Corp.) $2,500

CR Cash Account $2,500

To record the payment of balance owed to South Corp.

Explanation:

The trade terms 2/10, n/30 mean that both North Inc. and South Corp. offered 2% cash discounts on amount paid by Betty Incorporated if it could settle its bills within 10 days. The net allowed credit days are 30 days, after which Betty Incorporated could be charged interest for late payment. It did not utilize the discount offered by South Corp. as it paid its bills after 16 days instead of within 10 days as stated in the trade terms.

7 0

4 years ago

The theory of efficiency wages Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the pre

Gelneren [198K]

Answer:

The theory of efficiency wages why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor is due to these reasons:

Paying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity.

Paying higher wages can reduce a firm's training costs.

Paying higher wages encourages workers to be more productive.

Explanation:

Payment of higher wages increases the efficiency and productivity of the workers.

Also, payment of higher wages gives room for self-motivation among workers. Therefore, much training is not required leading to a reduction in training cost.

7 0

4 years ago

Exercise 14-04 On October 31, the stockholders’ equity section of Cullumber Company consists of common stock $370,000 and retain

djverab [1.8K]

Answer:

Explanation:

1. Before action

The company is having the 37000 shares of $10 each outstanding.

Par value of outstanding shares = $10 * 37000 shares = $370,000

Common stock in excess of par = Total common stock - Par value of outstanding shares = $370,000 - $370,000 = 0

2. After stock dividennd

Stock dividend declared = 6% of 37,000 shares = 2,220 shares

Current market price of shares = $16 per share

Value of stock dividend declared = $16 * 2,220 = $35,520

Common stock in excess of par = $35,520 - $22,200 = $13,320

Total number of shares outstanding = 37,000 + 2,220 = 39,220

Total par value of common stock = 39,220 * $10 = $3,92,200

The stock dividend is declared out of the retained earnings.

Retained earnings after stock dividend = $904,000 - $35,520 = $868,480

3. After stock split

In this case, there is no financial impact. Only, the number of shares will get double because one share is split into two shares.

No. of outstanding shares = 37000 * 2 = 74000 shares

4 0

4 years ago