Answer:
True
Explanation:
When goods are received, the receiving clerk sends copies of the receiving report to the inventory control clerk and the AP clerk.
The reason is that apart from the storekeeper who receives these goods, the inventory control clerk who does stock count ought to be aware of why there may be changes in stock the next time he/she counts, he also should be in possession of a control copy to substantiate the adjustment of inventory control records.
The Account Payable clerk has to update the Accounts Payables ledger with the amount payable for the goods received so that the company can have adequate record of the amount suppliers are being owed to date.
The direct labor efficiency/quantity variance for November of $1,800.
The labor efficiency variance focuses on the number of labor hours used in production. It is defined as the difference between the actual number of direct labor hours worked and budgeted direct labor hours that should have been worked based on the standards.
Labor efficiency variance equals the number of direct labor hours you budget for a period minus the actual hours your employees worked, times the standard hourly labor rate.
For example, assume your small business budgets 410 labor hours for a month and that your employees work 400 actual labor hours.
Learn more about Labor efficiency here: brainly.com/question/15418098
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Answer:
The amount of $2000 (loss on sale) would be added to the reported profit under the operating section of the statement of cash flow
Explanation:
<em>With the sale of an asset, the reported profit would have been increased or decreased by the amount of gains or losses realized on the sale of the equipment</em>
Gain/loss on sale = sales value - Carrying amount
Carrying amount = cost - accumulated deprecation
= $15,000 - $10,000
= $5,000
Loss on depreciation = 3,000 -5,000
= ($2000)
The amount of $2000 would be added to the reported profit under the operating section of the statement of cash flow
The answer is <span>Synthetic Transactions
</span>Examples of <span>Synthetic
- Transactions would be creating user logs for every transaction that is created in the website for receipts purpose.
</span>- Creating <span>Synthetic Transactions that allow potential customers to connect ti company's site and surf the content in order to know how well it works.</span>
Answer:
B
Explanation:
A positive relationship between two variables or quantities happens when both increase if one increases or both decrease if one decreases. In this case, the problem states that real GDP per person is positively associated with well-being, which means that if GDP increases then well-being increases too. For instance, we should look for variables that if they increase then the well-being increases too. It is not option A,C or D because if there is an increase in crime, poverty or unemployment, people´s well-being will decrease, so those variables are negatively associated with GDP. The answer is B because if there is better education, health and life expectancy, people´s well-being increases.