Yum Foods recently merged with Clean Plates. Which of the following activities should HR perform after the integration process?

Purchases Journal The following purchase transactions occurred during March for Rehoboth, Inc.:

gtnhenbr [62]

Answer:

See the explanation section.

Explanation:

Mar. 4 Cleaning supplies debit = $77

Accounts payable - Health-Rite Supplies credit = $77

To record the purchase of supplies.

Mar. 19 Office equipment Debit = $3,750

Accounts payable - office Warehouse Credit = $3,750

To record the purchase of office equipment on account.

Mar. 23 Cleaning supplies Debit = $224

Accounts payable - Rubble Supplies Credit = $224

To record the purchase of supplies.

3 0

3 years ago

Assume that the cost of aluminum used by soft-drink companies increases. Indicate which of the following statements describing

spayn [35]

Answer:

a. false

b. true

c. true

d. false

Explanation:

a. The first statement is false as the demand for the soft drink do not declines

b. The second statement is true as the quantity demanded decreased

c The third statement is true as the supplied decreased

d. The fouth statement is false as the quantity suppied do not decline

Therefore the option b and C are correct and option A and D are incorrect

5 0

3 years ago

Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.

nikdorinn [45]

Answer:

3482.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow = net income + depreciation = 16,200 + 3300 = 35,700

($56,100 - $7500) / 3 = 16,200

Cash flow in year 0 = 56,100

cash flow in year 1 and 2 = 35700

cash flow in year 3 = 35,700 + 7500

i = 5%

NPV =

3 0

3 years ago

1. Bankruptcy law is primarily state law. a. True b. False 2. The government is given the power to establish bankruptcy laws in

exis [7]

Answer:

1. Bankruptcy law is primarily state law. b. False

2. The federal  government is given the power to establish bankruptcy laws in Article I, Section 8 of the  U.S constitution. The purpose of bankruptcy law is to protect the  debtor  by giving him or her a fresh start and to ensure equitable treatment of the creditors.

Fill in the blanks with words that would best complete the passage.

equitable federal debtor perfect state assets state constitutions creditors U.S. Constitution

3. Bankruptcy proceedings are held in  federal bankrupcy courts.

4. Title 11 of the United States Code contains the Bankruptcy Code.

5. The Bankruptcy Code has several chapters. Chapter 7 provides for liquidation proceedings, Chapter  11 governs reorganizations, and Chapter 13 provides for an adjustment of debts for individuals with regular income.

6. In order to obtain bankruptcy relief a debtor must be insolvent, or unable to pay his debts. b. False

7. Consumer-debtors are those whose debts result from the purchase of goods for personal use. The Bankruptcy Code requires that court clerks provide additional information to consumer-debtors when they file for bankruptcy.

8 0

3 years ago

Wildhorse Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost pe

katovenus [111]

Answer:

Wildhorse Company

The amount of the inventory is:

= $30,496.

Explanation:

a) Data and Calculations:

Item No. Quantity Cost per Estimated Cost to NRV LCNRV Inventory

Unit Selling Price Sell Value

1320 1,400 $3.78 $5.31 $1.89 $3.42 $3.42 $4,788

1333 1,100 3.19 4.01 1.18 2.83 2.83 3,113

1426 1,000 5.31 5.90 1.65 4.25 4.25 4,250

1437 1,200 4.25 3.78 1.59 2.19 2.19 2,628

1510 900 2.66 3.84 1.65 2.19 2.19 1,971

1522 700 3.54 4.60 0.94 3.66 3.54 2,478

1573 3,200 2.12 2.95 1.42 1.53 1.53 4,896

1626 1,200 5.55 7.08 1.77 5.31 5.31 6,372

Inventory value = $30,496

4 0

3 years ago