Answer:
The correct answer is: Risk Control.
Explanation:
Risk Control is the steps a firm takes to find possible losses and mitigate them. In the process, the company may find risk factors within the production process that are technical -inherent to the equipment, or non-technical -employees unsatisfied with wages that could lead to a strike, for instance. Risk control aims to set several actions that could avoid further problems in the prejudice of the organization.
Answer:
1.Dr Postage expense $47
Dr Delivery expense $72
Dr Supplies expense $37
Dr Entertainment expense $25
Cr Petty cash $181
2.
Dr Petty cash $181
Cr Cash $181
Explanation:
Preparation of the Journal entry to record all employee expenditures and the entry to replenish the petty cash fund.
1.Since we were told to record all employee expenditures this means that the employee expenditures Journal entry will be recorded as:
Dr Postage expense $47
Dr Delivery expense $72
Dr Supplies expense $37
Dr Entertainment expense $25
Cr Petty cash $181
($47+$72+$37+$25)
2. Since we were told to record the entry to replenish the petty cash fund, this means that the petty cash fund will be recorded as:
Dr Petty cash $181
($47+$72+$37+$25)
Cr Cash $181
Answer:
Option c is correct
$245,680
Explanation:
The total manufacturing cost = $737,040.
Units produced = 22,200
Cost per unit before adjustment for absorbed overhead=
=$737,040./22,200 units
=$33.2 per unit
Cost of goods sold before adjustment for overheads
= (cost per unit × units sold)
= $33.2 × 7,400
= $245,680
Answer:
A decrease of $4,000 which will be deducted from net income.
Explanation:
Since the beginning credit balance of $10,000 in accounts payable is grater than the ending balance of $6,000 in accounts payable, it implies a decrease of $4,000 (i.e. $10,000 - $6,000 = $4,000).
This difference which is a decrease of $4,000 in account payable will be deducted from the net income.
Therefore, Based on this information, the adjustment to net income for the period will be reported as a decrease of $4,000 which will be deducted from net income.
Answer:
It may be more expensive and time-consuming than using an intermediary
Explanation:
Direct selling makes it hard to reach new customers and also entails spending an extensive time in trying to convince prospective customers before sales is made. Sadly, in some situations, some prospects do not buy in on the intended product and thus, no sale is made and time wasted.
