The length of time to perform an activity is often dependent upon who will do that work.

When you purchase the exact same office supplies you purchased in the previous quarter, you are making a

tigry1 [53]

When you purchase the exact same office supplies you purchased in the previous quarter, you are making a straight rebuy.

<h3>What is a straight rebuy?</h3>

This is the type of purchase that a customer is known to buy that is in the same quantity and the same terms as the goods from the same supplier.

The perfect example of this is that people are known to visit the same coffee shop daily to make the same purchase.

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8 0

2 years ago

A manager in an entrepreneur role manages diversity in an organization by A. taking quick action to correct inequalities and cur

Ivan

Answer:

B) committing resources to develop new ways to effectively manage diversity and eliminate biases and discrimination.

Explanation:

The main characteristic of an entrepreneur is that he/she is extremely capable of allocating and committing resources to solve existing problems. So the best way an entrepreneur manager will deal with diversity within an organization is by committing and assigning resources to effectively manage diversity issues and eliminate any related problem.

The vast majority of successful technological entrepreneurs come from minority backgrounds, Jeff Bezos was raised by a Cuban parent, Steve Jobs was Syrian, Elon Musk is from Africa, Mark Zuckerberg is Jewish, Sergey Brin is Russian and Bill Gates is simply too nerdy. They all have done very well in dealing with diversity issues and were capable of building huge corporations.

3 0

4 years ago

Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balanc

KatRina [158]

Answer:

net loss (54,200)

adjsutment for non-monetary terms:

depreciation expense 29,400

adjsuted loss (24.800)

<u>Change in Working Capital</u>

Accounts receivable decrease 24,000

Salaries payable increase 29,000

Other accrued liabilities decrease (17,000 )

net change in working capital 36,000

cash flow generated for operating activities 11,200

Explanation:

We remove the depreciation expense as is a non-monetary term. Is an accounting expense it do not generate the outflow of cash and where we focus on how to follow cash.

<u>Reasoning for change in working capital</u>

(A) The decrease inAR means we collect more cash than sale of the period, we collect from prior period too.

(B) the increase in salaries payable means we delay the payment, thus saving cash

(C) the decrease in liaiblities means we pay them, thus cash decrease

5 0

3 years ago

The failure to record which transaction has no effect on the quality of inventory?

zimovet [89]

Do not record transactions that do not affect inventory quality. A recorded inventory transaction has actually taken place.

Records of inventory purchases made during the accounting period. The purchase account is increased by direct debit. The manufacturing costs of the goods sold are overestimated by the same amount. An overstatement of cost of goods sold will result in an understatement of net income and retained earnings by the original margin of error.

If the auditor is dissatisfied with the accuracy of the closing balance sheet and may be materially increase.

Inventory write-downs affect both the income statement and the balance sheet. Write-offs are treated as expenses. This means your net income and tax liability will be reduced. Therefore, a decrease in net income will reduce a company's retained earnings and reduce shareholders' equity on the balance sheet.

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4 0

2 years ago

Cala Manufacturing purchases land for $489,000 as part of its plans to build a new plant. The company pays $35,300 to tear down

Firdavs [7]

Answer:

Cala Manufacturing

Journal Entry

Debit Land $489,000

Debit Land $35,300

Debit Land $52,183

Debit Building $1,667,600

Debit Parking Lot $105,264

Credit Cash $2,349,347

To record the purchase of land, its preparation, construction of a new Building and a Parking Lot for cash.

Explanation:

a) Data and Analysis:

Land $489,000

Land $35,300 (Land preparation)

Land $52,183 (Land preparation)

Building $1,667,600 (construction)

Parking Lot $105,264

Cash $2,349,347

6 0

3 years ago