Discuss the impact that checking merchandise has on profitability.

Roberts Supply, Inc. provides the following data taken from its third quarter budget: Sep $83,000 $67,000 $59,000 Jul Aug ter Ca

Bumek [7]

Answer:

The answer is 1000 dollars.

Explanation:

In this question we are asked to calculate the cash closing balance as at 30 september. The opening cash balance that is 10000 dollars is given and, data related to the receipt and payments made in the quarter ended at september is also provide in the question.

We can easily calculate the cash balance as at 30 september with the help of accounting equation given below.

Closing Balance = Opening balance + Cash collections- Cash payments

= 10,000+ 209,000- 218,000*

= 1000$

* It include sum of all capital expenditures, operating expenses and purchases of direct material.

5 0

3 years ago

Two types of value that are often contrasted are subjective value and: Group of answer choices A. inherent value B. reproduction

Ilia_Sergeevich [38]

Answer:

The correct answer is letter "C": objective value.

Explanation:

Subjective values are those provided by individuals based on their beliefs, perceptions, ideas, feelings, and reflections. Subjective values are biased. Objective values, on the other hand, are based on facts, statistics, evidence, and observations. Objective values are unbiased.

6 0

3 years ago

Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign g

Romashka [77]

Answer:

Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official

Explanation:

Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.

Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.

7 0

3 years ago

Pioneer Systems Inc. has a high degree of formalization. Employees in Pioneer Systems are more likely to: Multiple Choice

g100num [7]

Answer:

The correct answer is letter "D": face morale and motivation problems.

Explanation:

A high degree of formalization will result in reduced creativity as workers are told to behave in a specific way. In such organizations, strategic decision-making often happens only when there is a problem. A highly formalized structure is usually related to reduced motivation and morale issues among employees.

8 0

3 years ago

Consider the following transactions for Huskies Insurance Company:

PilotLPTM [1.2K]

Answer:

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

31-Dec

Dr Interest receivable $1,750

Cr Interest revenue $1,750

31-Dec

Dr Deferred Revenue $4,000

Cr Revenue or Service Revenue $4,000

Explanation:

Preparation of the necessary adjusting entry for Huskies Insurance at its year-end of December 31.

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

(Being to adjust 12 month depreciation)

31-Dec

Dr Interest receivable ($50,000 x 7% x 6/12) $1,750

Cr Interest revenue $1,750

(Being to adjust 6 month interest revenue accrued)

31-Dec

Dr Deferred Revenue ($16,000 x 3/12) $4,000

Cr Revenue or Service Revenue $4,000

(Being to record earned revenue for 3 months)

6 0

3 years ago