Answer:
Cash 291000 Dr
Factoring fees expense 9000 Dr
Accounts Receivables 300000 Cr
Explanation:
The factoring charge or fess is an expense for Laurel Company for the service provided by Hardy factors. So, whenever factoring is done, the ffactoring fees expense account will be debited as expense will increase. Th cash received is 300000 * 0.97 = 291000
The factoring fees is 300000*0.03 = 9000
As a result all of the accounts receivables will be credited from the books.
Answer:
Cash payback period= 3.2 years.
Explanation:
Lets first understand what a cash payback period is. As the name suggest, payback period is the time duration within which a business recovers it's investment and/or capital investment and the payback period is expressed in number of years. The formula for payback period is as follows:
Payback period= initial investment ÷ annual cash-flows
In the question annual operating income is given just for distraction.
payback period = $324000 ÷ 100000
payback period= 3.2 years.
This means if Hayden company decides to invest in the machine, it would recover the cost of machine (i.e it's investment) in approximately three and half years.
Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use <u>planning</u> to to decide what long term strategies the company will use to achieve its goals. They have to use<u> controlling</u> to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use <u>staffing</u> to hire the best top level and middle level talents that can push the company forward. As management they have to use <u>leading</u> to get the employees inspired to move the company forward and finally they will use<u> organizing</u> to put the various processes in the company together to ensure that the company's goals are met.
Answer:
salespeople personally call on business customers to a far greater extent than they do consumers.
Explanation:
Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.
Under the B2B sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.
On the other hand, the B2C market involves businesses selling their goods and services directly to the end consumers or users for personal use.
Answer:
Explanation:
Before Street Runner Road Builders allows new employees to operate the heavy machinery it uses to build roads, employees are sent to a nearby classroom where they learn the safe and proper way to work with all of the tools and equipment they will use when they perform their jobs. Street Runner Road Builders is using a training technique known as Vestibule Training. Vestibule training was a type of job training developed since the industrial revolution era to teach workers their job as they have to be trained near their work area to perform their specif job or operations. vestibule training is often called near the job training to offer to learn something new.
