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3 years ago

1. When processing cash payments, the cashier accepts the check and cash payment from the

Business

1 answer:

Tasya [4]3 years ago

8 0

Answer:

That statement is true.

Explanation:

Most companies require this type of procedures to ensure that the employees wouldn't scam the customers during the transaction process.

Restating the total and the total changes allow the guests to conduct a self-calculation for the purchase, ensuring whether the price is suitable to the price tag that provided on the counter. This prevent the employees from giving a higher price to the customers and taking the additional amount for themselves.

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In the current year, Hanna Company reported quality-assurance warranty expense of $190,000 and the warranty liability account in

Leona [35]

Answer:

210,000

Explanation:

=190,000+20,000

6 0

4 years ago

Lintner Beverage Corp. reported the following information from their financial statements:

sveticcg [70]

Answer:

Consider the following calculations

Explanation:

EBIT - Interest + Dividend Income ( 1 - 0.7) = EBT

$ 14.000.000 - $ 1.750.000 + $ 1.000.000 * 0.3 = $ 12.550.000

Base taxes for $ 10000000 = $ 3400000

( $ 12550000 - $ 10000000 ) *0.35 = $ 892500

$ 3400000 + $ 892500 = $ 4292500 in total taxes due

6 0

3 years ago

Studying ________ can help you develop skills and acquire knowledge to prepare for your future career, regardless of whether you

Hatshy [7]

Studying Business can help you develop skills and acquire knowledge to prepare for your future career, regardless of whether you plan to work for a multinational Fortune 500 firm, start your own business, work for a government agency, or manage or volunteer at a nonprofit organization.

Explanation:

A Business is defined as a commercial, industrial or professional organization or business entity. Companies may be profitable organizations or non-profit organizations which operate to carry out a charity mission or a social cause.

Business vary from a single company to an international corporation. Many theories relate to business management, including organizational behaviour, corporate theory and strategic management. The individuals have been engaged in business since ancient times; businesses have historically engaged in commodities, commercial guilds or mutual agricultural production.

5 0

3 years ago

The following annual amounts pertain to ABC Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992 If a

maria [59]

Answer:

applied overhead for February 9,000

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

expected overhead 101,988

estimated cost dirve 67,992

overheead rate:

$\frac{101,988}{67,992}= Overhead \:Rate$

Overhead rate = 1.5

Now, applied overhead:

driver usage x rate

6,000 labor hours x 1.5 per hour = $9,000

8 0

3 years ago

The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of

Oksanka [162]

Answer:

The equivalent units of material in September were: 63,000

Explanation:

Step 1 Calculate the Units Completed and Transferred to Finished Goods

Units Completed and Transferred to Finished Goods = Units Started - Units in Closing Work In Process

= 63,000-6,300

= 56,700

Step 2 Calculate equivalent units of material in September

Note : All materials are added when the process is first begun. This means that BOTH the Units Completed and Transferred to Finished Goods and Units in Closing Work In Process are 100 % complete in terms of materials

Materials :

Units Completed and Transferred to Finished Goods = 56,700

Units in Closing Work In Process = 6,300

Total = 63,000

6 0

4 years ago