Tangible benefits is the category in which costs or benefits are recorded.
<h3>What is Clerical post?</h3>
A clerical job involves managing the administrative and front office duties of a business. A clerk is responsible for keeping the office organised and running it smoothly.
Tangible benefits are those that are quantifiable and measurpostable sometimes called hard savings . In other words they are improvement projects benefits that have some specific dollar value ,number of labor hours .
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Answer:
The net cash flow of the year amounts to $32,000
Explanation:
The net cash flow of the year is computed as:
Net cash flow = Net income + Depreciation
= $7,000 + $25,000
= $32,000
Where
Net Income is computed as:
Net Income = Sales - COGS (Cost of goods sold) - Depreciation expense - Selling and administrative expense - Income tax expense
= $300,000 - $170,000 - $25,000 - $95,000 - $3,000
= $7,000
Answer:
b. It may be used to estimate inventories for interim statements.
Explanation:
As we know that
Gross profit = Sales - the cost of goods sold
By doing the inventory valuation through the gross profit method, it estimated inventories for interim statements as these statements are covering the financial information that is less than a year so that the proper analysis could be made and in this, no auditing is required.
Therefore, for interim statements, the gross profit method is required.
Answer:
Creditor beneficiary
Explanation:
The first contract is between Claudia and Clifford, in which Clifford is the debtor to the creditor Claudia.
This means that Claudia holds a legal contractual right to receive a payment from Clifford.
Now there is a second contract between Claudia and Friendly Paving Co. this is basically the agreement to install driveway. For this Claudia has to pay to Friendly Paving Co.
For this if she transfers her right of receiving the payment from Clifford towards Friendly Paving co. then she announces Friendly Paving Co. to be a creditor beneficiary.
