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3 years ago

Routine, day-to-day business processes and interaction with customers occur at the ________ level of a firm.

Business

1 answer:

Setler79 [48]3 years ago

8 0

Answer:

Operational level

Explanation:

The operational level is the bottom level in an organization and it is at this level that <u>daily business operations and activities, that connect the organization directly with customers, take place.</u>

Examples of such activities include; manufacturing, marketing and selling.

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Lance Brothers Enterprises acquired $515,000 of 3% bonds, dated July 1, on July 1, 2018, as a long-term investment. Management h

Dmitriy789 [7]

Answer:

1st July,2018

investment in bond $515,000 ( debit)

discount on bond investment $80000 (credit)

Lance Brothers paid $435,000 ( credit)

31st, December 2018

cash $7725 (debit)

discount on bond 975 ( debit )

interest revenue is $8700 (credit )

Explanation:

Given data

investment = $515,000

bond = 3%

interest rate = 4%

Lance Brothers paid = $435,000

to find out

investment in the bonds on July 1 and interest on December 31

solution

we know here

on 1st July,2018

investment in bond that is = $515,000 ( debit)

and we know Lance Brothers paid = $435,000 ( credit)

so discount on bond investment = 515000 - 435000 = $80000 (credit)

and

on 31st, December 2018

cash will be = investment in bond × 3% /2

cash = 515,000 × 3% /2

cash = 15450 /2 = $7725 (debit)

interest revenue = Lance Brothers paid × 4% / 2

interest revenue = 435,000 × 4% / 2

interest revenue is 17400 /2 = $8700 (credit )

so and discount on bond = interest - cash

discount on bond = 8700 - 7725 = 975 ( debit )

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3 years ago

___________ change introduces a new practice to an organization but one that is not new to the industry.

aksik [14]

The answer would be Innovative.

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2 years ago

When the amount of revenue collected in advance decreases during an accounting period:(A) Accrual-basis revenues exceed cash col

otez555 [7]

Answer:

The correct answer is letter "A": Accrual-basis revenues exceed cash collections from customers.

Explanation:

Revenue collected in advance are profits collected usually at the beginning of a contractual agreement that implies obligations from the firm for a certain time. For instance, insurance companies charging a one-time payment for an annual policy fall into this category.

The accrual basis of accounting states that profits are reported on the income statement as they are earned. In that case, if the revenue collected in advance decreases, the accrual-basis revenues will be higher than the cash collections from customers under the advanced payment method.

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3 years ago

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Stolb23 [73]

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3 years ago

Read 2 more answers

Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The a

hjlf

Answer:

<u>Income statement for the company under variable costing</u>

Sales (80,000 units x $45) $3,600,000

Less Cost of Sales

Beginning inventory $0

Cost of goods manufactured (100,000 units x $19) $1,900,000

Cost of good available for sale $1,900,000

Less Ending inventory (20,000 x $19) ($380,000) ($1,520,000)

Contribution $2,080,000

Less Period Costs

Fixed Manufacturing Overhead ($600,000)

Selling and administrative expenses - Fixed ($400,000)

Selling and administrative expenses - Variable ($180,000)

Net Income / (loss) $900,000

Explanation:

Under Variable Costing.

1.Product cost = Variable Manufacturing Costs Only

Therefore, Product cost = $4 + $11 + $ 4

= $19

2.Period Cost = Fixed Manufacturing Overheads + Non - Manufacturing Costs

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3 years ago