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3 years ago

14

The sticker price for a new car takes into account the compensation made to the salesperson who managed the sale. This compensat

ion is an example of what type of cost?
A): dealer cost
B): shipping cost
C): manufacturing cost
D): sales commission

2 answers:

Damm [24]3 years ago

8 0

I believe the answer is A
but I’m not 100% sure

zlopas [31]3 years ago

5 0

Answer:

D

Explanation:

cuz its D

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when preparing a trial balance, there are certain steps that need to be followed. place the following steps in the correct order

hjlf

Answer:i don’t know why this is right, but i’m here to help and have to have a 20 word count minimum to submit

Explanation:

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1 year ago

Recall the components of internal control. identify the internal control weakness in this situation, and propose a way to corre

ale4655 [162]

Answer:

The internal control weakness includes:

1. The credit department receives incoming cash from the customers.

2. A credit department can pocket cash received from a customer and copies all remittance slips for the controller, then destroy the remittance slip.

3. The credit department can then write off customer's account as uncollectible, and the company will stop pursuing collection from the customers

Explanation:

To begin, it is important to understand the concept of Internal Control. Internal control can be generally understood as the procedures determined to ensure organization's objectives in efficiency and effectiveness, reliable financial reporting and compliance with existing organization's rules and regulations.

Hence, internal control is meant to strengthen the achievement of an organization's objectives. Thus, we have seen a number of weaknesses from the scenarios painted above. It must be stated that the weaknesses stem from the fact that the company receives incoming cash receipt from customers.

To avoid and prevent this, a company should have a cash go to a clocked box at the bank. With this, the weaknesses emanating from physical cash handling by the credit department will be eliminated.

Taking a critical look at the internal control procedures, it'll be observed that the policies adopted on cash receipt is one not generally in tune with best practices. Hence, to strengthen the control, a cash go to a clock box at the bank should be created to facilitate and encourage customers' deposits in the banks. Doing this will ensure the department rids of weaknesses emanating from this cash treatment, and point number 2 and 3 as stated above can be easily resolved.

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3 years ago

The Full Employment and balanced Growth Act of 1978 formally established a specific unemployment target for the economy of

Advocard [28]

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of what percentage?

Answer:

4 percent

Explanation:

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of 4 percent

The Act also declared that on or before the year 1983 the federal government should achieve an adult unemployment rate of at most 3 percent, a civilian unemployment rate of at most 4 percent, and an inflation rate of at most 3 percent.

Hence, in this case, the correct answer is 4 percent.

7 0

3 years ago

Mantle Company has been in business several years. At the end of the current year; the unadjusted trial balance shows:

maksim [4K]

Answer:

a. Bad debts are estimated to be 7% of RECEIVABLES

Dr Bad Debt Expense $ 16.000

Cr Allowance for Uncollectible Accounts $ 16.000

Explanation:

December 31

Cr Sales Revenue $ 2.200.000

Dr Accounts Receivable $ 310.000

Cr Allowance for Doubtful Accounts $ 5.700

a. Bad debts are estimated to be 7% of RECEIVABLES

Dr Bad Debt Expense $ 16.000

Cr Allowance for Uncollectible Accounts $ 16.000

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT.

Because the company already has a CREDIT balance in the Allowance for Doubtful Accounts it's necessary to register an entry that complement the existing value and reflect the value as % of account receivable.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit) with accounts receivable (credit), with this we are recognizing the bad credit of the company.

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3 years ago

How do the internet standards allow for greater commerce? what potential problems could we have if we did not have the ieee?

REY [17]

The Internet standards allow for greater commerce because it helps guide the information and commerce paths as they grow and as we move more and more toward digital operations. If we didn’t have the IEEE or their standards we would have utter chaos when it comes to technology and the level of digital communication and use that we have today on such a coordinated scale simply wouldn’t be possible. It would be like trying to pour water down a platform into a cup a distance away (symbol of worldwide digital coordination). The water can go anywhere it wants to within these guidelines and in the end we end up with water in the glass (i.e. worldwide digital coordination). This allows for an exponential growth in technology worldwide.

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3 years ago