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Damm [24]
3 years ago
13

What is NOT true about a home filing system? It should be kept in a dry area with good air circulation. It is a place to keep al

l records including: tax documents, credit card statements, contracts, receipts, instruction manuals, warranties, etc. They require expensive equipment and aren't necessary until you own a home.
Business
1 answer:
Evgesh-ka [11]3 years ago
7 0

Answer:

<h2>The answer in this case,is the first option in the answer list or option or It should be kept in a dry area with good air circulation.</h2>

Explanation:

  • Home filing system is a thorough and intensive process of organizing and sorting of all the important documents,paperwork,forms such as tax papers, credit card statements,official documents etc. in the home in one articular place.
  • It basically involves categorization or classification of all the concerned documents and paperwork in home into proper and appropriate filing system.
  • One of the main objectives of the filing system in home is to identify and categorize each individual document according to separate files where each of the documents belong to so that they are not misplaced or disorganized.
  • Home filing system requires certain equipment such as files,paper folders,shredder,recycling bins,label marker or pens and so on.
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For each of the following service departments, select the activity base listed that is most appropriate for charging service exp
garik1379 [7]

Answer:

a. Accounts Receivable - Number of sales invoices

b. Central Purchasing - Number of purchase requisitions

c. Computer Support - Number of computers

d. Conferences - Number of conference attendees

e. Employee Travel - Number of travel claims

f. Payroll Accounting - Number of payroll checks

g. Telecommunications - Number of cell phone minutes used

h. Training - Number of employees trained.

Explanation:

a. Accounts Receivable - Number of sales invoices

Accounts receivable occur due to credit sales, and therefore for the Activity base of this we use number of sales invoices.

b. Central Purchasing - Number of purchase requisitions

Purchasing is based on number of requisitions issued for purchase, as before purchasing any material requisitions are raised.

c. Computer Support - Number of computers

Computer support services are based on number of computers through which the service is provided and to be allocated between them.

d. Conferences - Number of conference attendees

The expense of conference shall be divided based on number of attendees for the conference as this is based on the number of personnel attending the conference.

e. Employee Travel - Number of travel claims

Employee travel is such expense that is based on number of employees claiming the travel as this is only to be allocated between employees claiming the travel expense and not all the employees.

g. Telecommunications - Number of cell phone minutes used

The telecommunication expense shall be based on the activity of cell phone minutes usage, as this is the most appropriate activity.

h. Training - Number of employees trained

The training expense is to be allocated based on number of employees trained, as this is not be allocated to employees which required no training.

3 0
3 years ago
Northeast Auto​ Parts, a​family-owned auto parts​ store, began January with $10,600 cash. Management forecasts that collections
coldgirl [10]

Answer:

Part 1. $500 required

Part 2. $1,500 required

Explanation:

<u>Part 1.</u>

                                     <u>Northern Auto Parts</u>

                                           <u>Cash Budget</u>

<u>Cash Receipts:</u>

                                                         January       February

Beginning cash balance                     10600         10500

Cash receipts from customers            11300          14700  

Cash receipt on note receivable       <u>  6500              0     </u>

Cash available                                     28400        25200

<u></u>

<u>Cash payments:</u>    

Purchases of inventory                         14400           12200

Selling and administrative expenses  <u>  3500            3500  </u>

Total cash payments                          17900           15700

Now

                                                                              $                  $

<u>Cash Receipts:</u>                                                  28400        25200

<u>Cash payments:</u>                                             <u> </u><u>17900         15700 </u>

Ending cash balance before financing          10500           9500  

<u>Less</u>: Ending cash balance Required             <u> 10000          10000 </u>

Projected cash excess                                       500             -500  

Total effects of financing                                 <u>     0                 500  </u>

Ending cash balance                                         10500          10,000

<u></u>

<u></u>

<u>Part 2.</u>

<u>Cash Receipts:</u>

                                                         January       February

Beginning cash balance                     10600         10500

Cash receipts from customers            11300          13700  

Cash receipt on note receivable       <u>  6500              0     </u>

Cash available                                     28400        24200

<u></u>

<u>Cash payments:</u>    

Purchases of inventory                         14400           12200

Selling and administrative expenses  <u>  3500            3500  </u>

Total cash payments                          17900           15700

Now

                                                                              $                  $

<u>Cash Receipts:</u>                                                  28400        24200

<u>Cash payments:</u>                                             <u> </u><u>17900         15700 </u>

Ending cash balance before financing          10500           8500  

<u>Less</u>: Ending cash balance Required             <u> 10000          10000 </u>

Projected cash excess                                       500             -1500  

Total effects of financing                                 <u>     0                1500  </u>

Ending cash balance                                         10500          10,000  

The company will have to borrow $1,500 in the month February.

6 0
3 years ago
Hyperion, inc. currently sells its latest high-speed color printer, the hyper 500, for $350. its cost of goods sold for the hype
Aleks04 [339]

Answer:

40%

Explanation:

To easy

4 0
3 years ago
Which of the following criteria is most descriptive of a private liberal arts college?
Harlamova29_29 [7]
For the answer to the question which of the following criteria is most descriptive of a private liberal arts college. The answer is multiple choice letter <span>D. Personal attention from instructors in smaller classes.

I hope my answer helped you. Have a nice day!</span>
3 0
3 years ago
Read 2 more answers
Equinox Products Inc. Income Statement For the Year Ended December 31, 20Y8
Umnica [9.8K]

Answer and Explanation:

The preparation of the income statement is presented below:

                                     Equinox Products Inc.

                                        Income Statement

                     For the Year Ended December 31, 20Y8

Sales                                                                                    $5,313,000

Less: Cost of goods sold                                                   -3,700,000

Gross profit                                                                       $1,613,000

Less:

Operating expenses:

Selling expenses:

Sales salaries expense          $385,000

Sales commissions                 $185,000

Advertising expense               $150,000

Depreciation expense-

store buildings and equipment $100,000

Delivery expense $30,000

Store supplies expense $21,000

Miscellaneous selling expense $14,000

Total  -$885,000

Less:

Administrative expenses:

Office salaries expense $170,000

Office rent expense $50,000

Depreciation expense - office buildings and equipment $30,000

Office supplies expense $10,000

Miscellaneous administrative expense $7,500

Total $267,500

Total operating expenses                                                        $-1,152,500

Operating income                                                                       $460,500

Other revenue and expense:

Interest revenue $30,000

Less: Interest expense -$21,000

Income before income tax                                                           $469,500

Less: Income tax                                                                           -$140,500

Net income                                                                                      $329,000

We simply deduct the all expenses and add all revenues so that the net income could come

5 0
3 years ago
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