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3 years ago

Explain the technique to make change in counter transactions correctly.

Business

1 answer:

dem82 [27]3 years ago

8 0

Answer:

The correct ways to prepare a customer's change over the counter are:

Explanation:

1. In the cash drawer, store each denomination together in a section

2. As you receive cash, straighten them out and arrange them uniformly. Let every bill be faced in the same direction.

3. Deduct the total price of goods bought from the total amount handed to you by the customer.

4. The result from the above calculation is the customer's change.

5. Peek into the cash drawer and neatly pick out the notes or bills that make up this amount.

6. Carefully replace the shifted bills or coins in the drawer.

7. Place your hands on the desk or in sight of the customer and count the change for them to see.

8. Hand it over to the customer!

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Cosmetics firm SatinSilk is revamping its mission statement and advertising strategy. The CEO stresses that the new mission stat

raketka [301]

Answer:

The answer is: C) to give customers the complexion they dream about by providing products suited to their needs

Explanation:

The mission statement states why a company exists and what is its overall goal.

This particular mission statement emphasizes:

Why SatinSilk exists: to give customers the complexion they dram about.
What is SatinSilk's overall goal: to provide customers the products that suit their needs.

6 0

3 years ago

An individual who is not party to the contract between a CPA and the client, but who is known by both and is intended to receive

Naddika [18.5K]

Answer:

Third party beneficiary.

Explanation:

This is easily seen in contracts as it is said that a third party beneficiary is a person that benefits from an agreement between two persons or a contract between two persons. This is despite the fact that this said person has no effect or was not in any way a part of the said contract.

A third party beneficiary can be denied the rights to compensation of the contract, especially when contract is not fulfilled.

Rights which makes the third party beneficiary valid and concretely a part of the contact are been attached and solidified if the said contract comes through.

3 0

4 years ago

When forecasting fixed asset requirements, the projected fixed asset balance will

iren2701 [21]

Answer:

C. not increase proportionally with sales if the existing level of fixed assets is sufficient to support current sales.

Explanation:

The total assets comprises of current assets, fixed assets and the intangible assets .

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

If the existing level of the fixed asset is enough to support the current assets so the projected fixed assets balance would not be increased proportionally with the increase in sales

4 0

4 years ago

You purchase another company for $50m. The company you purchase has assets with a fair value of $75m and liabilities with a fair

Crazy boy [7]

Answer:

b. $5m

Explanation:

If we purchase another company for $50m and the company you purchase has assets with a fair value of $75m and liabilities with a fair value of $30m. The amount of goodwill we should record in this transaction is: $5m

Goodwill upon acquisition of companies is derived by subtracting the fair value of NET ASSETS from the TOTAL CONSIDERATION (i.e the price paid to acquire the company)

In the scenario, the value of Net Assets is the value of the fairvalue of the assets less the fair value of the liabilities which is $75 - $30 = $45

While the Total Consideration = $50

Therefore Goodwill = $50m - $45m = $5m

5 0

3 years ago

The balance in the prepaid insurance account, before adjustment at the end of the year, is $27,000. Journalize the adjusting ent

Anarel [89]

Answer:

a. The adjusting entry:

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

b. The adjusting entry:

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Explanation:

Before adjustment at the end of the year, the balance in the prepaid insurance account is $27,000

a. The amount of insurance expired during the year is $20,250. The adjusting entry:

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

b. The amount of unexpired insurance applicable to future periods is $6,750. The amount of insurance expired during the year = $27,000 - $6,750 = $20,250

The adjusting entry:

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

8 0

3 years ago