Answer:
Cutoff.
Explanation:
At the end of an accounting period, it is important to ensure proper inventory cutoff to determine the ownership of goods in transit.
In Financial accounting, the term cutoff refers to the process which ensures that business transactions and activities are recorded in the correct accounting period.
An inventory cutoff involves stopping or pausing shipments or receiving of supplies of goods, in order to enable proper accounting and count checks.
Answer:
$43,294.77
Explanation:
Here is the full question used in answering this quetion :
You win a lottery that pays $10,000 each year for the next 5 years beginning next year. How much are your winnings worth today if the market interest rate is 5%?
Present value is the sum of discounted cash flows
PV can be calculated with a financial calculator
Cash flow in year 1 - 5 = $10,000
i = 5%
PV = $43,294.77
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
B. Decreases
if demand goes down, nobody is buying anything, so the need to produce/manufacture is down
Answer:
Josh can recover even if he was negligent and violated the employer's rules.
Explanation:
Worker's compensation is a type of insurance that covers wage and medical costs of an employee that was injured in the course of working for the employer.
Accidents can happen during the course of doing official duty, so worker's compensation provides a cover from financial burden when the employee becomes unproductive as a result of the accident.
Generally the issue of negligence on the part of the employee is not considered.
So Jos will be able to recover worker compensation when he was injured from the car gas tank explosion.
Answer:
Margin of safety ratio= 0.36= 36%
Explanation:
Giving the following information:
Liu Company has sales of $48,500,000, and the break-even point in sales dollars is $31,040,000.
To calculate the margin of safety as a percentage, we need to use the following formula:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= (48,500,000 - 31,040,000) / 48,500,000
Margin of safety ratio= 0.36= 36%
