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3 years ago

Making sales to a customer on credit is an example of a decision, and would be the responsibility of the __.

Business

1 answer:

PIT_PIT [208]3 years ago

5 0

Correct/Complete Question:

Making sales to a customer on credit is an example of a ________ decision, and would be the responsibility of the __________.

A) Working Capital; Controller

B) Capital Structure; Controller

C) Capital Budgeting; Treasurer

D) Capital Structure; Treasurer

E) Working Capital; Treasurer

Answer:

E, Working Capital, Treasurer

Explanation:

A working capital refers to the capital required by a business to ensure its day-to-day business operations. It can also be said to be the capital available to businesses, the government,as well as other firms in need.

A treasurer in the other hand is an individual responsible for the financial management of an organization. By financial management of an organization, a treasure has the responsibility of analyzing and balancing the organization's bank statements, choosing what banks to be used by the organization, etc among other things.

Since a treasurer is responsible for managing financial service. of an organization, the treaurer reserves the power to sell to anyone on credit the treasure will know how to include that in the financial statement.

Cheers.

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Reagan is a new HR manager for a large company. She is concerned about the number of employees leaving the company and the lack

Kamila [148]

Answer:

The correct word for the blank space is: attrition.

Explanation:

Attrition is a state in which individuals are motivated to look for environments that match their personal values. If those individuals are in environments that are not related to their ethical behavior or that grants poorly a level of morality desired, they simply leave.

<em>The person-organization values congruence supports these actions with the excuse to minimize internal role conflict.</em>

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3 years ago

When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici

xeze [42]

Answer:

Perfectly Inelastic

Explanation:

Demand can be defined as the total quantity of a commodity which a consumer is willing and able to buy at a particular time and price.

There are several types of elasticity of demand a perfectly elastic demand is one that quantity remains the same regardless of a change in price

3 0

3 years ago

River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on

PtichkaEL [24]

Answer:

The ending balance of work-in-process inventory is $64,000

Explanation:

Opening Raw Material = $34,000

Opening WIP Inventory = $70,000

Opening Finished Goods Inventory = $55,000

Raw material purchased = $148,000

Raw materials requisitioned = $88,000

Closing Raw Material = Opening + Purchase - Requisitioned

= $34,000 + $148,000 - $88,000 = $94,000

Closing Finished Goods Inventory = Opening + Cost of goods produced - Cost of goods sold

= $55,000 + $299,000 - $250,000 = $104,000

Expense total incurred on goods entered for production = Material requisitioned + Labor cost incurred + Factory overhead

= $88,000 + $127,000 + $148,000 = $363,000

Out of which cost of completed goods = $299,000

Thus remaining is work in process = $363,000 - $299,000 = $64,000

That is Closing WIP Inventory = $64,000

Note: It is obvious that the expense of labor and overheads incurred in this period includes expense incurred to convert opening WIP in to finished goods and the balance is closing WIP.

The ending balance of work-in-process inventory is $64,000

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3 years ago

To maximize utility, a consumer should allocate money income so that the Multiple ChoiceA) elasticity of demand on all products

ikadub [295]

Answer:

D) Marginal utility of the last unit of each product consumed is the same.

Explanation:

To maximize utility with a given income constraint, a consumer must chose products to maximize utility. This can be done so that each extra dollar, which is the marginal income, spent on each of these products yields the equal marginal utility. For example if one product yields more marginal utility per marginal dollar spent, the consumer should reallocate their income so they consume more of this product and less of others, so much so that the utility derived from this product equals utility derived from other products.

Utility is maximized when these marginal utilities per marginal dollar spent coincide.

Hope that helps.

6 0

3 years ago

Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct l

GarryVolchara [31]

Answer:

$4,089 Unfavorable

Explanation:

Data provided

Standard variable rate = $9.20

Direct labor hours = 1,160

Variable manufacturing overhead costs = $14,761

The computation of variable overhead rate variance is shown below:-

Variable overhead rate variance = (Standard variable rate - (Variable manufacturing overhead costs ÷ Direct labor hours)) × Direct labor hours

= ($9.20 - ($14,761 ÷ 1,160) × 1,160

= ($9.20 - $12.725) × 1160

= $4,089 Unfavorable

Therefore for computing the variable overhead rate variance we simply applied the above formula.

7 0

3 years ago