Answer:
D. $375,000
Explanation:
given data
Purchases during the year = $12.0 million
Shipping costs from overseas = 1.5 million
Shipping costs to export customer = 1.0 million
Inventory at year end = 3.0 million
solution
we get here Seafood Trading’s year-end inventory valuation.
and we know here that shipping cost to export to customers is selling expense but not include the inventory.
so
shipping costs = ( Inventory at year-end ÷ Purchases during the year ) × Shipping costs from overseas ..................1
put here value and we get
shipping costs = [($3.0 million ÷ $12.0 million) × $1.5 million]
shipping costs = $375,000
Answer:
A)After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance
Explanation:
Reversing entry can be regarded as
a journal entry which is been made during an accounting period, it
reverses selected entries that is been made during immediately preceding period. reversing entry typically take placeat the beginning of particular accounting period.
It should be noted thatReversing entries are;
1) made to reverse the effect of certain adjustments.
2) provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.
3)is the exact opposite (the reverse) of the adjustment.
Answer:
Enterprise systems
Explanation:
Enterprise systems are software applications that organizations prefer due to their cross-functional abilities. Enterprise systems contrast specific-discipline or departmental based applications. Enterprise systems facilitate the seamless flow of information within the departments of an organization.
Enterprise systems integrate different functions of a business, including finance, production, customer management, marketing, and human resources, by providing one software applicable to all. The application helps managers and employees reduce the time and effort spent managing information. With an enterprise system, information is available from a single source.
Types of Enterprise systems include
SCM: Supply Chain Management
ERP: Enterprise Resource Planning
CRM: Customer Relationship Management
I think the correct answer from the choices listed above is the first option. The organization that has interdependence, and lessened travel restrictions among European countries is the European Union or the EU. It is<span> a politico-economic union of 28 member states that are located primarily in Europe.</span>
A managerial accounting report that presents predicted amounts of the company's revenues and expenses for the budget period is called a: Budgeted income statement.
A budget income statement (sometimes called a budget income statement) is a document that helps you estimate and evaluate your company's income and expenses. This is the planning tool that many companies create at the beginning of the year when they create and finalize their annual budget.
A budget income statement lists estimated income, expenses, and profits for a specific period. Also known as Profit and Loss Forecast, this financial report is based on projections rather than historical data. In general, the company's past financial results and next year's budget are taken into account.
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