Answer:
A. Meet with his manager face-to-face.
Explanation:
A face-to-face meeting with the manager is probably the most prefered step to be taken first.
Answer:
Dr Miscellaneous expense $25
Cr Cash $25
Explanation:
With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.
Hence journal entry would be;
Dr Miscellaneous expense $25
Cr Cash $25.
Answer:
The correct option is D, be concise
Explanation:
Being concise means that the presenter is being asked to achieve two opposing objectives of using few words as much as possible as well as being comprehensive enough such that the audience understand the topic appropriately.
Conciseness in actual terms, is required because the audience are not trained finance professionals and would not be able to comprehend professional terminologies.
Answer:
$1,497.77
Explanation:
From the above information, the following can be deduced;
42 units at $109 per unit
74 units at $82 per unit
170 units at $70
Total units = 42 + 74 + 170 = 286 units
Units left at year end = 19 units
The next step is to compute the total cost in arriving at the ending inventory, using average cost method.
Total cost = [(42 × $109) + (74 × $82) + (170 × $70)]
= $4,578 + $6,068 + $11,900
= $22,546
Per unit cost
= $22,546 ÷ 286 unit
= $78.83 per unit
Therefore, ending inventory
= Per unit cost × Units held at the end of the year
= $78.83 × 19 units
= $1,497.77
