Answer:
Improve their compensation by pricing less aggressively
Explanation:
Sales agents mostly prefer to have their commission based on the sales turnover as this appears to guarantee a seemingly better return compared to profit based commission at the expenses of the producer. however , one of the ways of persuading them to accept a change to this attitude is by introducing a switch to a sales neutral profit commission.With this , attention is shifted from generating a high sales volume at all cost.
Incentives and compensation should be modified to sales neutral , which will result to a change of behavior towards earning a higher compensation.
One of the changes that could come up to earn more is less aggressive pricing .
Answer:
C. Estimated warranty payable for $26,500.
Explanation:
The monthly sales are $530,000 and the warranty costs are 5% of monthly sales,
Therefore, Warranty costs will be = $530,000*5% = $26,500.
Now, we know that no defective products were returned during the current month, hence the other options in the questions are discarded and Estimated warranty payable is taken at the month end.
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Answer:
c. Departmental accounting system.
Explanation:
- The departmental accounting system is an accounting information system that records financial information about operations and the department. Managers can use financial information from departmental accounting systems to show how profitable and efficient each department is Departmental accounting system
- example are as Microsoft is Windows department and MS Office and Xbox department
Answer:
option A
Explanation:
Throughout financial accounting, the cash flow statement, also recognized as a cash flow statement, is indeed refers to a financial statement demonstrating how adjustments throughout balance sheet balances and sales impact cash balances and splits the report in grouping of Operating activities, financing activities and investing activities.
Particularly, the cash flow report deals with cash flow into and out of the corporation. As an academic discipline, the cash flow statement is helpful in determining a corporation's brief-term competitiveness, especially the capacity to pay expenditures.
Answer:
It means the cash is overstated.
Explanation:
An overstated balance is an account balance that is claimed to have a larger balance than would be the case. The overstated cash is present in the account.
