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frez [133]
3 years ago
8

in setting up a client agreement, you would request a down payment to cover a. the number of people to be served. b. legal fee c

ontingencies. c. your out-of-pocket expenses. d. the cost of groceries.
Business
1 answer:
egoroff_w [7]3 years ago
3 0
The correct answer should be d. the cost of groceries

Since the most correct answer would be production costs, in this case, the cost of groceries is the production cost as it is the cost of what you need for production.
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People who support free trade would MOST LIKELY support the efforts of which of these organizations?
Rudiy27
<span>I, II, and IV I think</span>
7 0
3 years ago
Read 2 more answers
Thanks to his firm's decentralization and use of responsibility accounting, Matt has more time to review a proposed new joint ve
Bas_tet [7]

Answer:

Encourage the top echelon of the management focus on strategic decisions.

Explanation:

To begin, Decentralization is one of the tools of management aimed at delegating tasks to the lower level of staffs. Decision in an organization is often at:

1. Strategic level

2. Tactical level

3. Operational level

Strategic decisions are often reserved for the top management. However, being the top management, they are responsible for the activities done at all levels of decision taking. Hence, decentralization has become a tool through which management delegate otherwise important functions to trusted and competent staff.

Now, with the decentralization, Matt now has more time to review proposed new joint venture - a strategic function, with one of the business partners. This is one of the advantages of decentralization, as a competitive advantage has thus been created in the time and resources used in reviewing the new joint venture.

6 0
4 years ago
Read 2 more answers
You purchase 150 shares for $70 a share ($10,500), and after a year the price rises to $80. Calculate the percentage return on y
Lyrx [107]

Answer:

57.14%

Explanation:

Missing word <em>"25 percent."</em>

<em />

Gain on the stock = (150*$80) - $10,500

Gain on the stock = $ 12,000 - $10,500

Gain on the stock = $1,500

If Margin requirement is 25%, The Margin = 10,500*25% = $2,625

Return on Investment = $1,500/$2,625 * 100 = 0.571429 * 100 = 57.1429% = 57.14%

6 0
3 years ago
The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale
solong [7]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $400,000  

   To Common Stock capital $400,000

(Being cash is recorded)

2. Equipment Dr, $60,000  

     To Cash $15,000

     To Note payable $45,000

(Being equipment is recorded)

3. Inventory Dr, $122,000  

    To Accounts payable $122,000

(Being purchase of inventory is recorded)

4. Accounts receivable $170,000  

     To Sales revenue $170,000

(Being sales revenue is recorded)

Cost of goods sold Dr, $102,000  

    To Inventory $102,000

(Being cost of goods sold is recorded)

5. Rent expenses Dr, $5,500  

    To Cash $5,500

(Being rent expenses is recorded)

6. Prepaid Insurance Dr, $6,550  

     To Cash $6,550

(Being insurance is recorded)

7. Accounts Payable Dr, $102,000  

     To Cash $102,000

(Being accounts payable is recorded)

8. Cash Dr, $76,500

    To Accounts receivable $76,500

(Being cash is recorded)

9. Depreciation expenses Dr, $1,500  

    To Accumulated depreciation $1,500

(Being depreciation expenses is recorded)

6 0
4 years ago
Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $12.5 million. The fair value of Midwest's asset
alukav5142 [94]

Answer:

Amount paid for goodwill=5.3 million

Explanation:

The expression for calculating goodwill is given by;

Goodwill = Consideration paid– Fair value of net identifiable assets

where;

Consideration paid=$12.5 million

Fair value of net identifiable assets=Midwest's assets-Midwest's liabilities

Midwest's assets=$8.5 million

Midwest's liabilities=$1.3 million

Fair value of net identifiable assets=(8.5 M-1.3 M)=7.2 million

Replace in the expression below;

Goodwill = Consideration paid– Fair value of net identifiable assets

Goodwill=12.5 M-7.2 M

Goodwill=5.3 million

5 0
3 years ago
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