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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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3 years ago

Which of the following journal entries will record the payment of a $675 accounts payable originally incurred for Office Supplie

sweet-ann [11.9K]

Answer:

C. Debit Office Supplies; credit Cash

Explanation:

The journal entry is shown below:

Accounts Payable A/c Dr $675

To Cash A/c $675

(Being the payment of an account payable is recorded)

For recording this transaction, we debited the account payable account and credited the cash account as cash is paid so it reduces the cash account for $675 so that the correct posting could be done

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3 years ago

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An alternative plot for Amila to use is to use a graph to depict the data.

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2 years ago

To determine the six-month interest payment amount on a bond, you would take one-half of the market rate times the face value of

MrRa [10]

Answer:

False

Explanation:

To determine the six month interest payment on a bond, you must multiply the face value of the bond times half the annual contract rate of the bond. The contract rate of the bond is the interest rate used to calculate the bond's coupon.

The market rate of the bond may or may not be equal to the contract rate. If the bond was sold at a premium, the market rate is lower than the contract rate. If the bond is sold at a discount, the market rate will be higher than the contract rate.

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3 years ago

A farm equipment manufacturer has already spent $3 million in research and development to design a new model of tractor. To prod

lina2011 [118]

Answer:

$20,000

Explanation:

Data provided in the question:

Amount spent on research and development = $3 million

Rent = $20 million = $20,000,000

Materials and wages = $10,000 per tractor

Number of tractors to be sold = 2,000

Now,

The lowest price will be when the company attains the break-even

thus,

At break-even point

Total cost = Total revenue

let the lowest cost be 'x'

therefore,

2,000x = $20,000,000 + ( $10,000 × 2,000 )

2,000x = $20,000,000 + $20,000,000

2,000x = $40,000,000

x = $20,000

6 0

3 years ago