Answer:
Organizing
Explanation:
Organizing is the most important role in any organization as it defines that the work is distributed among employees so that the target can be achieved timely. Also during the organizing process the supervisor coordinates with their employees.
Therefore the correct answer is organizing as it includes the task which has been created and authority relationship.
Answer:
8.3 times
43.8 days
Explanation:
Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.
Average Receivable can be calculated as below
Average Receivable = (Accounts Receivable at the beginning of the year + Accounts Receivable at the end of the year) / 2 = ($50,000 + $70,000)/2 = $60,000
Net Sales = $500,000
Formula for Accounts receivable turnover is as follow
Accounts receivable turnover = Net Sales / Average Receivable
Accounts receivable turnover = $500,000 / $60,000 = 8.3 times
Days Sales Receivable is also know as Days receivables. It is an method of estimation of a company for the receivables value. it measure the numbers of days at average account receivable take after sales to convert into cash.
Formula for Days Sales Receivable is as follow
Days Sales Receivable = ( $60,000 / $500,000 ) x 365 = 43.8 days
Answer:
Sept 1,
DR Stock dividends $52,500
CR Common stock $9,000
CR Additional paid in capital $43,500
Sept 1,
DR Stock dividends $90,000
CR Common stock $90,000
Sept 1,
No journal entry required.
<u>Workings</u>
Small Dividends
<em>Stock dividends</em>
= 15,000 * 10% * $35
= $52,500
<em>Common stock </em>
= 15,000*10%* $6
= $9,000
<em>Additional paid in capital</em>
= 52,500 - 9000
= $43,500
Large Dividends
<em>Stock dividends</em>
= 15,000 * $6
= $90,000
<em>Common stock </em>
= 15,000 * $6
= $90,000
<em>No entry for stock splits.</em>
Answer:
Is this true or false? What are the options to answer
Explanation:
A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.
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