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4 years ago

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Business

1 answer:

Semmy [17]4 years ago

6 0

Answer:

d. Establish a $10,000 credit limit for a new customer

s. Collect payments on customer accounts

r. Sell a DVD player

l. Sell concert tickets

a. Purchase raw materials

e. Pay for raw materials

o. Pay utility bills

Expenditure

c. Hire a new assistant controller

f. Disburse payroll checks to factory workers

k. Record factory employee timecards

n. Send new employees to a business ethics course

q. Pay federal payroll taxes

u. Pay sales commissions

Human Resources/Payroll

g. Record goods received from a vendor

j. Complete a picking ticket for a customer order

i. Decide how many units to make next month

v. Send an order to a vendor

w. Put purchased goods into the warehouse

Production

b. Pay off mortgage on a factory

h. Update the allowance for doubtful accounts

m. Draw on line of credit

p. Pay property taxes on an office building

t. Obtain a bank loan

Financial Cycle

Explanation:

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A company, which is currently operating at full capacity, has sales of $2,480, current assets of $820, current liabilities of $5

forsale [732]

Answer:

$61.60

Explanation:

Equity funding need = Projected assets - Projected liabilities - Current equity - Projected increase in retained earnings

Equity funding need = $2,739 - $561 - $1,980 - $136.40

Equity funding need = $61.60

<u>Workings</u>

Projected assets = (Current assets + Fixed assets) * 1.10 = 820+1,670 * 1.10 = $2,739

Projected liabilities = Current liabilities * 1.10 = 510 * 1.10 = $561

Current equity = Current assets + Fixed assets - Current liabilities = 820 + 1,670 - 510 = $1,980

Projected increase in retained earnings = Sales*5% * 1.10 = $2,480*5% * 1.10 = 124*1.10 = $136.40

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3 years ago

For accounting errors, which of the below sentences is true?

Monica [59]

Answer:

The correct option is C

Explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.

7 0

3 years ago

Stewart inc.'s latest eps was $3.50, its book value per share was $22.75, it had 215,000 shares outstanding, and its debt-to-ass

Vikki [24]

<span>80,000 people who traveled to the West in search of riches</span>

4 0

3 years ago

What type of diversity is being implemented if a company is using multiple security products from different manufacturers?

son4ous [18]

Answer: vendor diversity

Explanation:

It is a program that permits an organization to connect with various clients and employees and also render assistance towards business and community growth. This program makes supply chain stronger which eventually leads to improvement in quality, innovation and efficiency.

3 0

3 years ago

Read 2 more answers

When preparing the statement of cash flows using the indirect method, depreciation expense is added to net income because it ___

kodGreya [7K]

When preparing the statement of cash flows using the indirect method, depreciation expense is added to net income because net income is a starting point in measuring cash flows from operating activities

<h3>What is a Balance Sheet?</h3>

This refers to the inventory taken for all goods available in a warehouse, showing its financial records.

Hence, we can see that when a person is preparing the statement of cash flows with the indirect method, there is the addition of depreciation expense simply because the net income must be factored in.

Read more about statement of cash flows here:
brainly.com/question/735261

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8 0

2 years ago