Answer:
process control systems, human resource management systems, sales and marketing systems, inventory control systems, office automation systems, enterprise resource planning systems, accounting and finance systems and management reporting systems.
Explanation:
Answer:
The reconciled balance is 7,294.14
Explanation:
bank statement 3,881.14
deposit in transit 9,555.88
oustanding check<u> (6,142.88) </u>
bank statment 7.294,14
From the bank accout we deduct the outstanding check and increase by the deposit in transit.
accounting 922.55
interst 77
service charge (38.22)
note collected 6,815.00
check <u> (482. 19) </u>
accounting 7.294,14
From the accounting we adjust for the transaciton which aren't know by the company:
the interest and service charge, the note colected and we also adjsut for mistake like the check not deducted.
in both we must reach the same final answer.
Answer:
The answer is 20.55 days
Explanation:
Solution
Given that:
Annual sales =$627,200
Average accounts receivable =$35,300
Now
The accounts turnover ratio (receivable) = Sales/Average accounts receivable
Accounts receivable turnover ratio = $627,200/$35.300
=17.76 times
Thus
Number of days payment receives = 365/ Accounts receivable turnover ratio =365 days/17.76 times
=20.55 days
Therefore The company takes 20.55 days to get payment for its services
You can wash the car and you can also wash yourself
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 8,000 units
Total cost= $612,500.
Selling price= $100.
Selling costs:
commissions equal to 5% of the sales
other selling expense of $45,000.
Administrative expense totaled $47,500
<u>Income statement:</u>
Sales revenue= (8,000*100)= 800,000 100%
COGS= (612,500) 76.56%
Gross profit= 187,500
commissions= 0.05*800,000= (40,000) 5%
other selling expense= (45,000) 5.63%
Administrative expense= (47,500) 5.94%
Net operating income= 55,000 6.87%
