Contact management is a system that tracks all communications between the company and the customer, the purpose of each communication, and any necessary follow-up.
Given that <span>Dave Klein is a produce farmer in Northern California. His major customers
are grocery stores in the midwest. Dave's product is a perishable item
and will only last for about 2 weeks after it has been picked, so Dave
is concerned with getting his product to his customers quickly. he ships
almost daily when his produce is in season. However, he also needs to
be aware of the cost of shipping.
The form of shipping Dave will most
likely use is truck.</span>
Answer:
Merchandise inventory is classified on the balance sheet as a current asset.
Explanation:
Merchandise inventory refers to the price of products that are available for sale and they are classified as a current asset.
Current assets are the cash and the other assets that can be turn into cash within a year, like inventory as there is a good opportunity that the products are sold in that period which makes inventory to be included in the current assets on the balance sheet.
Answer: Paul has a taxable dividend of $15,000.
Explanation:
From the question, we are informed that ABC Corporation has E & P of $240,000 and distributes land with a fair market value of $70,000 (adjusted basis of $25,000) to its sole shareholder, Paul. We are further informed that the land is subject to a liability of $55,000.
The taxable dividend will be the difference between the fair market value of land and the liability on the land. This will be:
= $70,000 - $55,000
= $15,000
Therefore, Paul has a taxable dividend of $15,000.
Answer: (A) Budget
Explanation:
Budget is one of the type of financial plan that is create according to our requirement and also budget.
A budget is one of the type of document that is used for describe the detailed plan in the future and it is usually expressed into the quantitative terms.
The main objective of the budget is to creating a proper plan based on the expenses, revenue, liabilities and the cost in an organization and it also helps in balancing our expenses with the income.
Therefore, Budget is the correct answer.
