Answer:
D) all of these answer
Explanation:
for creating chain management we need to have
1) Quick response (QR) - is refer to that bar code which is used to track information for any products. this type of bar code is mainly used in shopping or buying in any product.
Bar code is a code in which information is store which can be used further in market.
2) vendor managed inventory - in this information provided by customer to the vendor about any product.
3) Efficient consumer response - it is a mutual coordination between producer, wholesaler to fastened and feasible the service to customer.
Complete question :
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. Calculate Eddie's commission.
Answer:
$717.20
Explanation:
Given that :
Percentage commission earned on sale = 12%
Cost of items sold this week:
Couch = $1234
Bedroom suite = $1789
Chair = $563
Total cost of items :
($1234 + $1789 + $563) = $3586
Commission of 20% on sales :
20% of $3586
0.2 * $3586
= $717.20
Answer:
Matching principle
Explanation:
<em>The matching principle in accounting states that the income for a period should be matched together to the expenses incurred to generate them. </em>
For example, the insurance premium paid for was meant to cover the following year consumption, hence it is a prepaid expense and should be recognized and treated as an asset at the end of the current year.
Further more, such asset would later be recognized as an expense in the following year when the insurance service would have been consumed.
This violates the matching principle of accounting.
Answer:
D. I and II only.
Explanation:
The fiduciary fund is an account with funds in which the financial statements are prepared for presenting and using the economic resources measurement focus and the accrual basis of accounting.
The required financial statements for a fiduciary fund are:
1)Statement of fiduciary net position
2)Statement of changes in fiduciary net position
The fiduciary fund could be classified as follows:
-Agency fund: is for reporting on resources which were held in a custodial capacity and where funds are received, temporarily invested, and remitted to other parties.
- Investment trust funds: is for reporting the external portion of an investment pool which is reported by the sponsoring government.
- Pension and employee benefit trust funds: are for reporting on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
- Private-purpose trust funds: are for reporting on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.
