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Thepotemich [5.8K]
3 years ago
5

The accounting and tax departments are the responsibility of the _____. a. ​inventory manager b. ​controller c. ​vice president

of finance d. ​director of capital budgeting e. ​treasurer
Business
1 answer:
wel3 years ago
4 0

Answer: Controller

         

Explanation: Controller refer to the accounting officer of the company whose job is to analyze and interpret the transactions related to accounting and fiance.

The duties of controller include conducting internal audit, updating financial statements, filing tax applications on time etc.

Thus, from the above we can conclude that the correct option is B.

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The accounts receivable turnover measures a.the number of days of accounts receivable outstanding b.the fair market value of acc
NNADVOKAT [17]

Answer:

d.how frequently during the year the accounts receivable are converted to cash

Explanation:

The formula to compute the account receivable turnover is shown below:

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable  

where,  

The Average accounts receivable would be  

= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2

This ratio derives that how much frequently is there for converting the account receivable to cash

hence, the correct option is d.

8 0
3 years ago
The following information is from Princeton Company's comparative balance sheets.
allochka39001 [22]

Answer:

cash received = $ 240,000

Explanation:

On calculating the common stock $10 par

Beg. balance - $ 118,000

                      $6,000      - Issuance of common stock

Thus the ending balance = $124,000

On calculating the paid in capital in excess of par

Beg. balance - $ 351,000

                      $ 234,000 - Issuance of common stock

Thus the end balance - $ 585,000

Therefore,

The cash received - $ 240,000

6 0
3 years ago
The Assembly Department started the month with 78,000 units in its beginning Work in Process Inventory. An additional 254,000 un
Gala2k [10]

Answer:

Outflow from assembly= 311,000 units

Explanation:

The assembly department in this scenario handles the work in process part of production.

Production involves different stages that includes: Raw material, work in process, finished goods.

Products flow through these different stages.

To calculate the amount transferred out we need to first calculate total WIP within the month

Total WIP= Inflow of product + Beginning inventory

Total WIP= 254,000 + 78,000

Total WIP= 332,000

Outflow from assembly= Total WIP - Ending WIP

Outflow from assembly= 332,000 - 21,000

Outflow from assembly= 311,000 units

7 0
3 years ago
An international distribution company has a shipping division, a warehouse division, and a computer hardware and software distri
TiliK225 [7]

Answer: Chain of command

 

Explanation:

  The chain of command is one of the type of official organizational hierarchy in which the various types of relationship are establishing the accountability and the power for making the various types of decisions.

The chain of command is basically responsible for filing various types of issues or complaints in an organization for the employees or workers.

According to the given question, the salesperson is experiencing the issue with the chain of command as salesperson is working in the shipping department and the company's accounting department told him to turn his weekly account of the expenditure.

 Therefore, Chain of command is the correct answer.  

3 0
3 years ago
Kate set a goal of getting along better with her younger sister. What is a more specific goal for kate?
Orlov [11]
A more specific goal for Kate would be to respect her younger sister, adore her more, and help her when times are rough.
4 0
3 years ago
Read 2 more answers
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