All categories

3 years ago

2 10 n 30 r.o.g. means the cash discount period ends :what that's mean ???

1 answer:

4 0

The letters r.o.g means receipt of goods so ten days from that date. Basically it means a beginning date of invoice or 10 days after the good are received

You might be interested in

In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was

kap26 [50]

Answer:

- This type of fraud is check tampering

- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses

- This type of fraud can be prevented by rotating employees that handle check issuance to vendors, review of budget versus actual expenditure, monitoring of audit trail to see if beneficiary was changed, daily statement download for reconciliation, and restriction of functions for example a employee that issues checks should not also reconcile bank statement.

Explanation:

Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.

In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.

Various internal control measures can be taken to prevent this and they are listed above

4 0

3 years ago

Firm A and Firm B join to create Firm AB. This is an example of: a tender offer. an acquisition of stock. an acquisition of asse

klio [65]

Firm A and Firm B join to create Firm AB. This is an example of a consolidation

Consolidation :

Business consolidation is a combination of several business units or companies into a single, larger organization. The reasons behind consolidation include operational efficiency, eliminating competition, and getting access to new markets.

What is the process of consolidation?

Consolidation processes consist of the assembly of smaller objects into a single product in order to achieve a desired geometry, structure, or property. These processes rely on the application of mechanical, chemical, or thermal energy to effect consolidation and achieve bonding between objects

What is financial consolidation?

Financial consolidation is the process of combining financial data from several departments or business entities within an organization, usually for reporting purposes. To consolidate is to join things together.

Merger :

A merger is an agreement that unites two existing companies into one new company. There are several types of mergers and also several reasons why companies complete mergers. Mergers and acquisitions (M&A) are commonly done to expand a company's reach, expand into new segments, or gain market share.

Learn more about acquisition of stock :

brainly.com/question/14530848

#SPJ4

8 0

1 year ago

Bagels and cream cheese are complementary goods. The price of flour, used to make bagels, has fallen. As a result, the equilibri

statuscvo [17]

Answer: When the price of the flour falls, the equilibrium price of the cream rises and the equilibrium quantity of the cream cheese also rises

Answer A is correct

Explanation:

if flour is cheaper, bagels are chepear so demand increases and both equilbrium price and equilibrium quantity rises

8 0

2 years ago

Following are the accounts and balances from the adjusted trial balance of Stark Company. Notes payable $ 11,000 Accumulated dep

DENIUS [597]

Answer:

STARK COMPANY

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER 31

PARTICULARS AMOUNT$

Service Revenue 20,000

Less-Expenses

Supplies expense 200

Interest expense 500

Insurance expense 1800

Utilities expense 1300

Depreciation expense 2000

Wages expense 7500

Total expenses 13,300

Net profit $6,700

STARK COMPANY

STATEMENT OF RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31 Amount$

Retained earnings December 31 prior year end 14,800

Add- Net income 6,700

Less- Dividends 3,000

Retained earnings, December 31 Current year end $18,500

8 0

3 years ago

How does price discrimination help cover fixed costs?

Svetradugi [14.3K]

For the case of a consumer with an inelastic demand curve, it is less costly to cater for them, hence reducing the production fixed cost. given that different customers will be charged differently for the same product, it is easy to cover for a low profit range.

3 0

3 years ago