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Rina8888 [55]
3 years ago
11

Freddie's Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want

to invoice automatically on a weekly basis. They would like to review a Sales by Customer by Month report regularly. The company currently pays their vendors in QuickBooks Desktop using the online bill pay service, QuickBooks Bill Pay. After converting to QuickBooks Online, which 3 setup and customization steps are appropriate for this client? Customize reports Turn off multicurrency Rebuild data Review recurring transactions Set up initial quantity on hand and cost for each product Set up and implement an online bill pay service
Business
1 answer:
azamat3 years ago
4 0

Answer:

Customize reports

Review recurring transactions

Set up and implement an online bill pay service

Explanation:

Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:

1. Customize reports: this includes forms and reports and, if possible to memorize reports.

2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.

3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.

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A TV manufacturing company uses speakers at the rate of 8000/mo. When it places an order for speakers it incurs a fixed cost of
sveticcg [70]

Solution :

1. Ordering quantity         500      1000      10000     30000        80000

2. No. of orders                 16          8             0.8         0.27            0.1

3. Average inventory        250      500       5000      15000        40000

4. Value of average         2750    5250      50000  142500      370000

   inventory

5. Monthly total cost

a). Cost of material        88000   84000    80000   760000     740000

b). Ordering cost           19200      9600       960          320           120

c). Carrying cost                27.5       52.5       500        1425         3700

Total monthly cost        107227.5 93652.5  81460   77745       77820

Among the total monthly cost, $ 77,745 is the least cost.

Therefore, the optimum order size of quantity = 30,000

The number of orders per month = 8000/30000 = 0.267

Time between two consecutive orders = 30000/8000 = 3.75 months

     

7 0
3 years ago
What are tariffs? What are some of the harmful effects of tariffs?
vodka [1.7K]
A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.
5 0
3 years ago
Read 2 more answers
Pathways​ Careers, Inc. has two productslong dashResume Reader and Cover Letter Cure. Financial data for both the products​ foll
Serga [27]

Answer:

Option (D) is correct.

Explanation:

Given that,

Willow had a sales mix of 60​% Resume Reader and 40​% Cover Letter Cure.

Each sales representative sold = 1,400 units

Contribution margin from the sale of Resume Reader:

= Sales revenue - Variable manufacturing costs - Sales commission

= (1,400 × $500 × 60%) - (1,400 × $300 × 60%) - (1,400 × $500 × 60% × 7%)

= $420,000 - $252,000 - $29,400

= $138,600

Contribution margin from the sale of Cover Letter Cure:

= Sales revenue - Variable manufacturing costs - Sales commission

= (1,400 × $1,000 × 40%) - (1,400 × $650 × 40%) - (1,400 × $1,000 × 40% × 5%)

= $560,000 - $364,000 - $28,000

= $168,000

Therefore, the total contribution to company profits is as follows:

= Contribution margin from the sale of Resume Reader + Contribution margin from the sale of Cover Letter Cure

= $138,600 + $168,000

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4 0
2 years ago
A portfolio is made up of stocks a, b, c, and d in the proportion of 20%, 30%, 25%, and 25% respectively. the nondiversifiable r
kow [346]

The portfolio beta would simply be the summation of the weighted average of each beta.

Where weighted average of each beta is calculated as:

Stock weighted average = Stock proportion * Individual beta

Therefore,

Stock A beta weighted average = 0.2 * 0.4 = 0.08

Stock B beta weighted average = 0.3 * 1.2 = 0.36

Stock C beta weighted average = 0.25 * 2.5 = 0.625

Stock D beta weighted average = 0.25 * 1.75 = 0.4375

The summation of all betas yield the overall portfolio beta:

Portfolio beta = 0.08 + 0.36 + 0.625 + 0.4375

<span>Portfolio beta = 1.5025 ~ 1.5</span>

4 0
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Answer: Cost Approach

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The best method Vincent should use for valuation is the cost approach.

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5 0
2 years ago
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