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atroni [7]
3 years ago
6

What may happen if your job doesn’t require you to use the aptitude you possess

Business
1 answer:
morpeh [17]3 years ago
5 0
if your job doesn't require u to use a aptitude u may get fired
You might be interested in
Demski Company pays its employees on the 1st and 15th of each month. It is March 31 and Demski is preparing financial statements
Elden [556K]

Answer:

Explanation:

In the given transaction, it would impact the income statement and the balance sheet in the increment manner

That means The income statement would increase by $96,000 as it reflect the wages expense in the debit side of the income statement

And, the balance sheet would increase by $96,000 as it reflect the wages payable in the credit side of the balance statement under the current liabilities side of the balance sheet

6 0
3 years ago
As of January 1 of the current year, the Gunner Company had accounts receivables of $50,000. The sales for January, February, an
BigorU [14]

Answer:

b. $48,000

Explanation:

According to the given situation the computation of accounts receivable balance is shown below:-

                               Jan                 Feb            Mar              April

Sales               $120,000   $140,000     $150,000

Cash Sales

at 20%                   $24,000     $28,000       $30,000  

Credit Sales

at 80%               $96,000   $112,000       $120,000  

Collection in same

month at 60%        $57,600     $67,200        $72,000

Collection in next

month at 40%       $50,000     $38,400      $44,800         $48,000

Therefore the accounts receivable balance as of March 31 is $48,000

4 0
3 years ago
M7-20 to 22 (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO, LIFO, and Weighted Average
Burka [1]

Answer:

cost of goods available for sale: $ 5,300

cost of goods sold : $3,500

ending inventory : $7,100

Explanation:

<em>FIFO is an Inventory Management System that Sales the Oldest Stock first followed by the recent stock acquired.</em>

<u>cost of goods available for sale:</u>

January 1 : 350×$4.00 =  $1,400

January 8: 650×$6.00 = $3,900

Total                                $ 5,300

<u>cost of goods sold :</u>

January 9 and January 28 : 350 × $4.00 = $1,400

                                            : 350 × $6.00 = $2,100

Total                                                             = $3,500

<u>ending inventory :</u>

January 31 : 300 × $6.00 = $1,800

                 :  760 × $7.00 = $5,300

Total                                  = $7,100

4 0
3 years ago
The management accountant at Woodhaven Cycle Shoppe developed a budget to establish the sales goals at the store in 2012. In 201
harina [27]

Answer:

Option (C) Controlling

Explanation:

The budget set is part of planning but variance analysis conducted time to time is reflection of emphasizing control over the operations of the company. The manager tries to better allocate the resources of the firm to increase the efficiency and economical flow of operations.

3 0
3 years ago
Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collecti
Brut [27]

Answer:

The answer is: Cash and marketable securities $5,406,393

Explanation:

We have:

+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;

+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)

+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274

+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333

=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.

5 0
3 years ago
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