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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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Metlock Company took a physical inventory on December 31 and determined that goods costing $185,000 were on hand. Not included i
Paha777 [63]

Answer:

$229,890

Explanation:

The formula to compute the ending inventory is shown below:

= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination

= $185,000 + $24,080 + $20,810

= $229,890

We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.

6 0
4 years ago
Fallsview Glatt Kosher Caterers ran a business that provided travel packages, including food, entertainment, and lectures on rel
inessss [21]

Answer: The Contract is valid.

Explanation:

Under the UCC’s Statute of Frauds, transactions above $500 for goods cannot be made orally alone and have to be written in writing as well. This is the law that Rosenfield relied on.

However, Fallsview can argue that the Passover Retreat is not a Good, but rather a Service in which case it does not fall under the Statute.

The main bone of contention thereby becomes, if indeed it is a service or a good.

If it is a Hybrid of both, then the Court needs to decide if the services outweigh the goods involved.

From the text we see that the following were included in the package, food, entertainment, and lectures on religious subjects.

Food is the only good there and is outweighed by Entertainment and lectures on religious subjects.

As such, the contract is valid as it is for more service than good.

4 0
3 years ago
Read 2 more answers
The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on
Zina [86]

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

8 0
3 years ago
Which of the following is NOT an advantage of​ e-tailing over traditional​ brick-and-mortar retailing? A. The ability to offer a
Julli [10]

Answer:

D). Customers find it more comfortable to shop and easier to return unwanted items.

Explanation:

Electronic retailing or e-tailing offers the sale and purchase of goods and services online/internet while traditional mortar retailing proposed the goods and services to the customers through a street-side market and face-to-face medium. There are numerous advantages of the upheaval of online retailing like it offers convenient, and quick access to the stores at any time from any place of the world having internet. It saves the traveling time of the consumers and also reduces the infrastructural costs and develops competitiveness. Thus, as per the question, the option that does not display an advantage of e-tailing is option D as a return in brick-and-mortar was more convenient than e-tailing.

6 0
3 years ago
A rightward shift of the supply of loans curve would
Minchanka [31]

C. increase in the interest rate

3 0
3 years ago
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