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exis [7]
3 years ago
12

15. Physical counts of inventory: A) Are not necessary under the perpetual system. B) Are necessary to adjust the Inventory acco

unt to the actual inventory available. C) Must be taken at least once a month. D) Requires the use of hand-held portable computers
Business
2 answers:
Naily [24]3 years ago
5 0

Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."

Explanation: Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.

Physical inventory counts are generally performed at the end of an accounting period to adjust the accounting balance to the actual physical amount of inventory as it may differ due to missing, lost, stolen, decreased, etc.

satela [25.4K]3 years ago
5 0

Answer:

The correct answer is B) Are necessary to adjust the Inventory account to the actual inventory available.

Explanation:

Physical counts of inventory are necessary to adjust the inventory account to the actual inventory available. This practice has a lot of benefits as reduced disruption in Operations, reduced errors, more confident buying decisions, saves time and resources, etc

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An organization's job structure consists of relative pay for different functions and different levels of responsibility.
nata0808 [166]

Answer:

a). True

Explanation:

<u>The given statement asserts a true claim that the job structure of an organization comprises of corresponding pay scales for the different employees performing different activities and functions according to the levels of authority or leadership they have been provided</u>. The job structure is the aspect that establishes the hierarchy or of various ranks and positions in which the company is organized to aptly manage the running of the business and its associated activities successfully and efficiently. Thus, the statement is <u>true</u>.

4 0
3 years ago
Marianne is the payroll manager at johnson manufacturing. she wants to upgrade the department's accounting systems. to whom woul
scZoUnD [109]

 


Answer: to a Director of Management Information Systems.

If Marianne, the payroll manager at Johnson manufacturing wants to upgrade the department's accounting systems, the person whom she would make the most sense to send her request for an upgrade is to a Director of Management Information Systems.

A Management information systems<span> (MIS) director contributes to growth in companies by improving information technology activities and computer resources. They also manage technical departments within an organization and ensure data is available, accurate and secure.</span>

4 0
3 years ago
Read 2 more answers
All of the following are assumptions of the perfectly competitive model except: Select an answer and submit. For keyboard naviga
soldier1979 [14.2K]

Answer:

d

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

Perfectly competitive market consists of a large number of firms, and each firm is small relative to the entire market. This makes firms unable to set the prices for their goods.

It is the monopoly and oligopoly market structure that is characterised by high entry and exit into the market

5 0
3 years ago
Cruiseline offers nightly dinner cruises off the coast of​ Miami, San​ Francisco, and Seattle. Dinner cruise tickets sell for $
sertanlavr [38]

Answer:

a. Contribution margin per passenger ($50-$20) = $30

b. Contribution margin ratio (30/50) = 60%

c. Operating Income  (390000-270000) = $120,000

d. Operating Profit = $42,000

Explanation:

a. Contribution formula = Sale - Variable Cost

Sale price per passenger = $50

Variable Cost per passenger = $20

Contribution margin per passenger ($50-$20)  = $30

b. Contribution Margin ratio formula = Contribution/Sale

Sales per passenger = 50

Contribution per passenger = 30

Contribution margin ratio (30/50) = 60%

c. Operating profit = Contribution margin- Fixed Cost

Monthly sale total for 13000 passenger

Sale per passenger = $50

Total sale for 13000 passenger 13000*50 = $650,000

Contribution Margin per passenger =$30

Total Contribution margin for 13000 passenger = 13000*30 =                                    $390,000

Less: Fixed Cost = 270,000

Operating Income  (390000-270000) = $120,000

d. Contribution margin formula= (Sale x Contribution margin ratio)

Contribution margin = (520000*60%) = $312,000

Less: Fixed Cost = 270,000

Operating Profit = $42,000

3 0
3 years ago
Read 2 more answers
If the price of good X increases by 2%, and that causes the quantity demanded of good Y to decrease by 15%, then the cross elast
Zina [86]

Answer:

-7.5%

Explanation:

Cross elasticity of demand is the degree of responsiveness of the quantity of a commodity, Y in this case, to the change in the price of another commodity, X in this case.

Cross elasticity of demand is measured as a percentage change in the quantity of commodity Y divided by the percentage in the price of commodity Y. This can be written mathematically as follows:

Ec = % Change in the quantity of commodity Y divided by the percentage in the prie of commodity X.

Where Ec denoted cross elasticity.

Applying the formula to this question, we have

Ec = -15%/2% = -7.5%

Note that under cross elasticity of demand:

1. Two goods are substitute if the value of their cross elasticity of demand is positive. That is, an increase in the price of good one, good X, will lead to an increase in the quantity demand of the second, good Y.

2.  Two goods are complimentary if the value of their cross elasticity of demand is negative.That is, an increase in the price of good one, good X, will lead to an decrease in the quantity demand of the second, good Y.

Therefore in this question, goods X and Y are complimentary because the value of their cross elasticity of demand is -7.5% which is negative.

I wish you the best.

4 0
3 years ago
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