Answer:
Explanation:
1.Convenient: Indirect taxes are more convenient to pay. ...
2.Less Pinching: The announcement effect of indirect taxes does not provoke resentment, because they cause less annoyance to the public as they are not felt directly. ...
3.Not Easily Evadeable: ...
4.Broad based: ...
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Answer:
1. The major issue in the process is the lack of communication between different parties. The process being manually driven, might affect the customer satisfaction and lead to lost sales. The changes which need to be made is to make available the price information of different items at once, when the customer comes in to place an order. This can be made possible by asking the suppliers to send the updated sheet every morning before the day's business begins. It will be better if the entire uncatalogued as well as the price sheet is in electronic form, which can be updated immediately, as soon as the information is received from supplier in the morning. One better alternative is to connect the suppliers through an ERP so that their price might reflect at the company's end as soon as it is updated, It will reduce much hassle and mistakes that might creep in due to manual process.
2. a. The number of customers leaving per day / week to competitors due to inefficiency.
b. Total average delay in customer's order.
c. Customer satisfaction rating of the process as this will give the overall picture of customer's opinion about the company.
3. The information system might enable the suppliers to update their information each day which can then be used by the company reps to find out the right price of an item and enable him /her to provide the estimate immediately, leading to greater customer satisfaction, reducing the lost sales and eliminating the chances of a wrong quote being given.
Answer:
The correct option is 2. $50,200
Explanation:
Please see below the required journals for the transactions that occurred:
Debit Allowance for doubtful accounts $31,800
Credit Accounts receivable $31,800
(<em>To record write-off of accounts receivable)</em>
Debit Accounts receivable $2,340,000
Credit Sales revenue $2,340,000
<em>(To record credit sales during the year)</em>
Debit Cash $1,910,000
Credit Accounts receivable $1,910,000
<em>(To record collection on account)</em>
- The effect of the above journals on allowance for doubtful account is a reduction. Since Dinty already assessed its allowance for doubtful account to be $82,000, bad debt expense required will be $50,200 ($82,000 - $31,800).
- The balance in accounts receivable will be $2,340,000 - $1,910,000 - $31,800 = $398,200.
A cross-functional team is made up of employees from the same hierarchical level but different work areas. They are typically brought together to accomplish a task.
Cross-functional teams are collections comprising personnel from various departments within the organization, such as marketing, production, sales, and customer engagement. These could be working groups in which each participant is a part both of their functioning team and the cross-functional team, or they could be the main organizational structure.
Different kinds of businesses have various approaches towards how cross-functional teams function. Simply by because of their size, entrepreneurs and small firms usually employ cross-functional teams. Given that they aren't large enough to establish different teams, the majority of projects or choices are made via collaboration between individuals with various areas of expertise.
Learn more about cross-functional teams here:
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Answer:
$61
Explanation:
The computation of unit product cost for the month under absorption costing is shown below:-
Unit product cost = Direct material + Direct labor + Variable Manufacturing overhead + Fixed manufacturing cost
= $18 + $10 + $4 + ($255,200 ÷ 8,800)
= $61
Therefore for computing the unit product cost for the month under absorption costing we simply applied the above formula.
