Answer:
Budgeted Income Statement in the Master Budget
Explanation:
The Master Budget provides a summary of all the operations of the business. It is made up of Budgeted Manufacturing Account, Budgeted Income Statement and Budgeted Financial Position.
Where the selling price it to be determined, the price giving the desired profits can be calculated by adjusting the sales to the desired profits in the Budgeted Income Statement.
Answer:
D) Credit to Merchandise Inventory for $4,000
Explanation:
Date Account and Explanation Debit ($) Credit ($)
Account Receivable 5,800
Sale 5,800
(Recorded the sale on credit)
Cost of goods sold 4,000
Merchandise Inventory 4,000
(Recorded the cost of goods sold)
Answer: Please the terms do not match the definitions.
Please see below for the appropriate terms which match the given definitions.
Explanation:
A document that creates a legal obligation to buy and pay for goods or services ----Purchase order
A purchase order is defined as a contract or agreement between a buyer( buisness or company) and a seller who is usually a vendor to supply goods or services based on aggrement on the specific product or services, specific quantity for a specific price to be paid by the buyer when delivered .
b)The method used to maintain the cash balance in the petty cash account----- Imprest Fund
An imprest Fund is also known as Petty Cash fund which carries a fixed amount used by Buisnesyses to cover small routine expenses and are replaced or replenished to always maintain the fixed amount.
Answer: Option d:- Relational transparency is the aspect of authentic leadership.
Explanation:
The continued efforts of Teamwork has the fine objective of fulfilling the business goals. It can be only attained with fine authentic leadership. Relational Transparency finds the route cause for the problems of building relationships between co-employees. The Supervisor uses this strategy to mingle with the subordinates and conducts one to one interactive session with all level of employees every month.
The session will help employees to convey their working issues and also their innovative ideas to boost their career development. In this case, Rita may help Sally to overcome the problem of bonding relationship with co-workers with the help of propagating the method of having straightforward transparency to achieve the desired result of good communication.
Answer:
A) Roasters delivers the goods to Speedy
Explanation:
Risk of loss under the law of contracts is used to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. This is normally used after the contract is formed but before buyer receives goods, something bad happens.
- The breaching rule applies risk of loss on the seller if at the time of delivery, the goods show up broken.
- Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations
- For a destination contract, then risk of loss is on the seller
- For a delivery contract, then risk of loss is on the seller
- if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's "receipt" of the goods. If the buyer never takes possession, then the seller still has the risk of loss
