The classical viewpoint of management emphasized ways to __

Which of the following constitutes constructive receipt in the current year ended December 31?a. A salary check received at 6:

zubka84 [21]

Answer:

a. A salary check received at 6:00 p.m. on December 31, after all the banks have closed.

b. A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.

Explanation:

The principle of constructive receipt is determined by when the person who receives the income had control over it. An individual or company is considered to have control over income when it is credited to that person or company. Basically, it's when you could spend that income if you wanted, even if you don't spend it.

From the principle of constructive receipt in the above paragraph, only option a (A salary check received at 6:00 p.m. on December 31, after all the banks have closed.) and b ( A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.) fall within the category. The other three options, the person is unable to spend the check even if they wanted to, until after December 31.

6 0

3 years ago

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $41,

quester [9]

Answer:

The impact of eliminating the backpack division

Particulars Amount

Decrease in contribution margin $480,500 ($950500-$470,000)

Decrease in Expenses:

Fixed expenses $208,800 ($70522,000*40%)

Decrease in Net operating income $271,700 (Financial disadvantage)

3 0

3 years ago

Macroeconomic forces contribute to an industry's ability to be profitable. Which of the following examples shows how a company m

Elis [28]

Answer:

A home mortgage company creates a sales promotion with incentives for potential home buyers to take advantage of a particularly favourable interest rate.

Explanation:

Companies usually give numerous promotions to their valuable customers to increase the overall sales revenue. In the above scenario, if a home mortgage company creates a sales promotion which attracts customers to buy their product and take advantage of the favourable interest rate is an example of companies focusing on macroeconomic factors. Macroeconomic forces are important for any company to improve profits.

6 0

3 years ago

It is estimated that the average cost of an outbound telemarketing sales calls on a business customer is about __________, versu

4vir4ik [10]

Answer:

Around $35

Explanation:

Telemarketing sales calls offers lots of advantages like boosting sales in most organizations. You will have to sign a contract where you agree to pay for a minimum number of hours.

Another advantage is that If you need to do some research in advance of product development or product launches, there is some value in having those research calls made by the same telemarketing team that will ultimately be selling the product.

4 0

3 years ago

Statement of cash flows

likoan [24]

Answer:

a.

Palmetto Statement of Cashflows

For the Year Ended December 31, 2013

Cashflow from Operating Activities

Net Cashflow from Operaing Activities $15,600

Cashflow from Investing Activities

Net Cashflow from Investing Activities ($23,000)

Cashflow from Financing Activities

Net Cashflow from Financing Activities ($4,500)

Net Increase (Decrease) ($11,900)

Add: Beginning of Period Cash balance $32,000

Ending Cash Balance $20,100

b. Operating Cash flow relates to the normal business operations of the business. A Net Cash Inflow from this therefore means that the business made a profit from its normal operations of selling fast food during 2013.

c. Investing Activities relate to transaction involving Fixed Assets as well as the stocks and bonds of other companies. The Net Cash flow was probably caused by Palmetto buying more Fixed Assets than they disposed of in the year 2013.

d. Financing activities relate to how the business is financed in terms of Equity and debt. The payments of Dividends therefore fall under here as they relate to Equity. A net cash outflow here therefore probably means that Palmetto paid out dividends to shareholders. They might have also repaid some loans but judging by how small the outflow is, the loans were either small or it was only dividends that were paid out.

4 0

3 years ago

The classical viewpoint of management emphasized ways to ___