Answer:
c. a petty cash voucher.
Explanation:
For controlling the inventory following documents are to be used i.e.
1. Purchase order
2. Vendor invoice
3. Receiving report
These three documents we called as an voucher package
But it does not involved the petty cash voucher
Therefore the correct option is c.
And, the same is to be considered
Answer:
$12,500
Explanation:
Differential revenue = Alternative A revenue - Alternative B revenue
Differential revenue = $75,000 - $62,500
Differential revenue = $12,500
Thus, the differential revenue for this decision is $12,500
Answer:
Builtrite has higher than average operating expenses
Explanation:
Subtracting cost of goods sold from net sales will give you gross profit. The reason of high gross profit could be company is able to sell its products at a higher price or it is able to keep its cost of goods sold at a lower level than industry standards.
A higher-than-industry-average gross profit margin increases your chances of generating a net profit provided that you are able to keep your expenses within industry average levels.
Operating profit is the pre-tax profit or in other words it is calculated by subtracting operating expenses from the gross profit. Operating profit margin is equal to operating income divided by the total revenue. A lower operating margin despite of having higher gross profit is because the company is not able to control its operating expenses or in other words they are incurring higher operating expenses as compare to industry.
Answer:
mission statement
Explanation:
A company's mission statement defines the reason why the company exists; what is its business (what product or service they provide), its objectives (or goals) and how they will reach these objectives. It should also include who's needs they are satisfying (target market).
Answer:
$70,000
Explanation:
Under a Comparative negligence theory,
When an accident occurs, the blame or fault is determined by the contributions of each party towards the accident.
In a pure comparative negligence theory, the victim or plaintiff who files a case, sue the other party and received some part of the damages and hence each party receives the amount related to their damages minus the part of their fault.
In our case, Annette fault contributes 30% to the collision and determined that her total loss was $100,000.
So, Annette will recover:
= Total loss - 30% of fault
= $100,000 - 0.3 × $100,000
= $100,000 - $30,000
= $70,000
