Answer:
Price
Quality
Explanation:
There are many things to be considered when choosing a supplier, however, price (covering price, Total Cost of Opportunity ) and Quality ( covering product and service quality and quality history) should be prioritized.
Answer:
$74,000.
Explanation:
Operating activities are those activities that are linked to the provision of goods and services. These activities are performed to conduct the core operations of the business. Operating activities earn revenue and generate profits for the entity, so transactions related to Non-current assets, Liabilities, and Equity are excluded from operating activities.
While preparing a cash flow statement under indirect method, the opening and closing balances of Accounts receivable are compared to determine the cash inflow/outflow. The opening balance of receivable is $16,000. During the period, $64,000 of credit sales were made. This will increase the balance of receivable to $80,000. The ledger of receivable reveals that the ending balance is $10,000, this means that the receivables decrease by $70,000 during the period. A decrease in receivable is a cash inflow. But it should be noted here that balances provided are stated at NRV (Net Realizable Value), it means that these balances include the effect of bad debts. We have to remove this effect because bad debt (uncollectible accounts expense) is a non-cash expense, it is just the estimation of management and the requirement of prudence concept. This amount should be added back to in-flows, and the resultant value will be $74,000.
<u>Calculation</u>
16,000 + 64,000 - 10,000 + 4,000 = $74,000.
I would need to be able to watch the video to help you I’m sorry
Answer:
$267,400
Explanation:
Calculation to determine What amount should Stallman report as its December 31 inventory?
Using this formula
December 31 inventory=Goods costing on hand+Goods purchased+FOB shipping point
Let plug in the formula
December 31 inventory=$225,000+$20,400+$22,000
December 31 inventory=$267,400
Therefore the amount that Stallman should report as its December 31 inventory is $267,400
In accounting, an adjusting entry is completed at the end of the accounting period.
<h3>What is an
adjusting entry?</h3>
This refers to the preparation of journal entry which occurs at the end of a reporting period to record any unrecognized income or expenses for the period.
Hence, the adjusting entry is completed at the end of the accounting period.
Read more about adjusting entry
<em>brainly.com/question/13933471</em>
#SPJ12