Answer:
B. False
Explanation:
The days sales in receivable indicates the number of days in which a company receives the payments of its credit sales. A lower number indicates that the business collects the money faster and more efficiently. According to this, the statement is false because the days sales in receivable for baker sales is 35 and for xanadu company is 25 which means that xanadu company is having less difficulty in collecting the money.
Answer:
1.True
2.False
3.True
4.True
5.False
6.False
7.True
8.False
Explanation:
1. Measuring net income for a merchandiser is conceptually the same as for a service company.
Net Income = Sales - Expenses
2. For a merchandiser, sales less operating expenses is called gross profit.
Gross Profit = Sales less Cost of Sales
3. For a merchandiser, the primary source of revenues is the sale of inventory.
Merchandiser purchases inventory for resale.
4. Sales salaries and wages is an example of an operating expense.
Operating Expenses are expenses incurred to derive income in primary activities of a company
5. The operating cycle of a merchandiser is the same as that of a service company.
The service company can have client work outstanding at end of year but this differs from that of a merchandiser
6. In a perpetual inventory system, no detailed inventory records of goods on hand are maintained.
Detailed records are kept after every sale
7. In a periodic inventory system, the cost of goods sold is determined only at the end of the accounting period.
After a given period cost of sales and inventory balances are determined -opposite of perpetual
8. A periodic inventory system provides better control over inventories than a perpetual system.
Perpetual is even better as it keeps track of both inventory and cost of goods sold after every sale
Answer:
<u>Repadmin latency</u>
Explanation:
According to the way the Microsoft system is designed, the Repadmin application (Repadmin.exe) is a tool designed for the diagnosis of replications problems in any Active Directory.
The Repadmin latency command gives administrators the ability to determine the amount of time taken by the backup files between the replications. For example, the command, <em>"repadmin <domain.test> /latency."</em>
If you need to indicate the missing ammount of each letter in the grahp then it will be like follows:
For the first case:
A = $9,600 + $5,000 + $8,000 = $22,600$22,600 + $1,000 – B = $17,000
B = $22,600 + $1,000 – $17,000 = $6,600$17,000 + C = $20,000
C = $20,000 – $17,000 = $3,000
D = $20,000 – $3,400 = $16,600
<span>E = ($24,500 – $2,500) – $16,600 = $5,400
</span><span>F = $5,400 – $2,500 = $2,900
</span>And now for the second case:
G + $8,000 + $4,000 = $16,000
G = $16,000 – $8,000 – $4,000 = $4,000$16,000 + H – $3,000 = $22,000
H = $22,000 + $3,000 – $16,000 = $9,000(I – $1,400) – K = $7,000(I – $1,400) – $22,800 = $7,000
<span>I = $1,400 + $22,800 + $7,000 = $31,200
</span>J = $22,000 + $3,300 = $25,300
K = $25,300 – $2,500 = $22,800$7,000 – L = $5,000
<span>L = $2,000</span>
Answer:
Amount of underapplied or overapplied overhead cost for the year
$97000 - Underapplied
Schedule of cost of goods manufactured for the year
Direct Material 3885000
Direct Labor 60000
Overheads 376000
Total Manufacturing Costs 4321000
Add Opening Inventory WIP 400000
Less Closing Inventory WIP (700000)
Cost of Goods Manufactured 4021000
Explanation:
Amount of underapplied or overapplied overhead cost for the year
Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead
$473000-$376000= $ 97000
Schedule of cost of goods manufactured for the year
<em>Direct Materials Calculation </em>
Opening 200000
Add Purchases 4000000
Available 4200000
Less Closing Material 300000
Materials Consumed 3900000
Less Indirect Materials 15000
Direct Materials Consumed 3885000
