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2 years ago

All of the following are documents used for inventory control except:______.

Business

1 answer:

damaskus [11]2 years ago

8 0

Answer:

c. a petty cash voucher.

Explanation:

For controlling the inventory following documents are to be used i.e.

1. Purchase order

2. Vendor invoice

3. Receiving report

These three documents we called as an voucher package

But it does not involved the petty cash voucher

Therefore the correct option is c.

And, the same is to be considered

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The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:1st Quarter 2nd Quarter 3rd Quarter 4t

saw5 [17]

Answer:

Total cost= $392,500

Explanation:

Giving the following information:

1st Quarter= 24,000 units

2nd Quarter= 25,000

3rd Quarter= 21,000

4th Quarter= 22,000

The company's variable selling and administrative expense per unit is $2.30.

Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter. Also, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, property taxes of $8,600 will be paid in the second quarter.

We will assume that insurance and taxes are for offices and properties of the selling and administrative department.

1st quarter:

Variable cost= 2.3*24,000= 55,200

Fixed expense= 9,000 + 44,000= 53,000

Insurance= 4,000

Total= $112,200

2nd quarter:

Variable cost= 2.3*25,000= 57,500

Fixed expense= 9,000 + 44,000= 53,000

Property taxes= 8,600

Total= $71,400

3rd quarter:

Variable cost= 2.3*21,000= 48,300

Fixed expense= 9,000 + 44,000= 53,000

Insurance= 4,000

Total= $105,300

4th quarter:

Variable cost= 2.3*22,000= 50,600

Fixed expense= 9,000 + 44,000= 53,000

Total= $103,600

Total cost= $392,500

7 0

3 years ago

1. Keira’s Kitchen Company presented the following data: Net Income $2,500,000 Preferred Stock, 50,000 shares outstanding, $100

GarryVolchara [31]

Answer:

Earnings Per Share (EPS) = $1.18

Explanation:

We know,

Earnings Per Share (EPS) = $\frac{Net Income - Preferred Dividend}{No. of shares outstanding}$

Here,

Net Income = $2,500,000

Preferred Dividend = Total preferred stock in dollar x cost of preferred stock

Preferred Dividend = $5,000,000 x 8% = $400,000

No. of shares outstanding table is shown below (Weighted):

Shares outstanding + Additional shares - Treasury stock =

[750,000 x stock split] + [300,000 x (8/12) x stock split] - [150,000 x (5/12) x stock split]

= (750,000 x 2) + (200,000 x 2) - (62,500 x 2)

= 1,500,000 + 400,000 - 125,000

= 1,775,000

Now, EPS = $\frac{2,500,000 - 400,000}{1,775,000}$

EPS = 1.18 (rounded to 2 decimal places)

Note: 1. As, there is a stock split of 2-for-1, that's why we multiply the stock by 2.

2. Since additional shares are issued on 1st May, therefore, the weight from May to December is for 8 months. Repurchased or Treasury stock should be removed from number of shares.

7 0

3 years ago

OHARA COMPANY

blondinia [14]

Answer:

Explanation:

From the given information, the ratio analysis for the year 2017 at OHARA Company can be computed as follows:

1. Working capital = Current (assets - liabilities)

Working capital = $458900 - $195500

Working capital = $263,400 (for 2017)

Given that the working capital for 2016 = $160,500

Thus, the % increase of 2017 over 2016 = 64.11% increase.

2. Current ratio = Current assets / Current liabilities

Current ratio = 458,900/195,500

Current ratio = 2.35 (for 2017)

Given that the Current ratio for 2016 = 1.65

Thus, the % increase of 2017 over 2016 = 42.43% increase

3. Free cash flows = Operating cash flows - Capital expenditure - dividends

Free cash flows = $190800 - $92000 - $31000

Free cash flows = $67,800

Given that the free cash flow for 2016 = $48,700

Thus, the % increase of 2017 over 2016 = 39.22%

$Debt to assets ratio = \dfrac{Total \ debt} { total \ assets}$

Debt to assets ratio = 395,500/10,34,200

Debt to assets ratio = 38.24%

Given that the debt to assets ratio for 2016 = 31%

Thus, the % increase of 2017 over 2016 = 23.35%

Earnings per share = $\dfrac{earnings \ available \ to \ equity \ shares}{weighted \ a verage \ equity \ shares}$

Earnings per share = $\dfrac{153100}{50000}$

Earnings per share = $3.06

Given that the earnings per share = $3.15

Thus, the % decrease of 2017 over 2016 = 2.86%

3 0

2 years ago

If the market price 'Pmkt' is above the price 'P0', then quantity supplied is_________ equal to greater than quantity demand

Evgen [1.6K]

The quantity supplied at this level of price is less than the quantity demanded and therefore the market is in shortage situation.

Explanation:

If the current price of the market is above the price P0, then the level of the quantity supplied of the good is less than the level of quantity demanded of that good at this level. With the less quantity supplied, there will be a situation of shortage of the quantity of goods in the market.

6 0

2 years ago

Deitz Corporation is projecting a cash balance of $32,400 in its December 31, 2019, balance sheet. Deitz's schedule of expected

Anna71 [15]

Answer:

Dietz corporation cash budget for the first quarter

Total Receipts :

Collections from Customers $199,800

Receipts from Sale of Equipment $3,240

$203,040

Total Payments :

Direct materials $46,440

Direct labor $75,600

Manufacturing overhead $37,800

Selling and administrative expenses $48,600

Purchase of securities $15,120

$223,560

Net Receipts/(Payments) ($20,520)

Opening Balance $32,400

Closing Balance $11,880

Required Balance $27,000

Loan (Shortfall) $15,120

Explanation:

A cash Budget shows the future estimate of future cash incomes and cash expenditures.

3 0

3 years ago