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Kitty [74]
3 years ago
5

You are a rising star in the purchasing department at your company and you have recently been promoted to manager for business s

ervices procurement. As your title suggests, you will be responsible for purchasing business services for your firm. Which of the following statements is true regarding your new role?
A. You will be purchasing raw materials.B. You will be purchasing MRO supplies.C. You will be purchasing process materials.D. You will be purchasing component parts.E. You will be purchasing janitorial services.
Business
1 answer:
aalyn [17]3 years ago
3 0

Answer:

E.

Explanation:

Based on the information provided within the question it can be said that you will be purchasing janitorial services. This is because from the description of your job tasks, you handle purchases of services. That being said the only service available to choose from the answers provided are janitorial services. Therefore it is the only option that falls into your job responsibilities.

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Juanita is the sole shareholder of Belize Corporation (a calendar-year S corporation). She is considering revoking the S electio
Yanka [14]

Answer:

January 1 Year 2 would be an effective date.

Explanation:

Juanita have two ( 2 ) options and they are

  • Terminating the election after March 15th
  • Terminating the Election at the beginning of the next Financial year

Since it is already February 1 Year 1 , The most effective date for the S election revocation would be January 1 year 2 ( calendar-year of S corporation ) .

7 0
2 years ago
White Company manufactures furniture. Assume the following information: Manufacturing overhead is allocated based on machine hou
Lorico [155]

Answer:

overhead rate: 15

applied overhead 30,000

underapplicatio for 1,000

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

The manufacturing overhead rate is determinate by dividingthe total expected cost  by a cost driver. In this case, the machine hours.

estimated cost 150,000

expected machine hours 10,000

predeterminate overhead rate = 150,000/10,000 = 15

Next, to allocate cost, we multiply the actual value fo the cost driver by the rate

actual machine hours x MO rate

2,000 x 15 = 30,000 applied overhead.

Last, we compare with the actual overhead to determinate over or underapplied overhead:

applied - actual

30,000  -  31,000  = -1,000

Thew overhead was underapplied, as the cost were for 31,000 but we only recognize 30,000

3 0
3 years ago
Compared to a perfectly competitive market, a natural monopolist will have a.) ______________ (higher / lower / either higher or
kipiarov [429]

Answer:

A). Lower

B). Lower

C). Higher

I think so not sure of my answer

7 0
3 years ago
Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, th
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Answer:

a. Income Statement for the month of October 2022

<u>Revenue:</u>

Service revenue                               $19,540

<u>Expenses:</u>

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Supplies Expenses           $360

Depreciation Expenses    $260

Interest Expenses             <u>$350   </u>

Total Expenses                                  <u>$3,770</u>

Net Income                                        <u>$15,770</u>

<u />

b. Retained earnings statement for the month of October 2022

Retained Earnings, October 1, 2020      $0

Add: Net Income                                      <u>$15,770 </u>

Retained Earnings, October 31, 2020  <u>$15,770</u>

3 0
3 years ago
Federated investors has a , with each mutual fund being managed by several portfolio managers who together take responsibility f
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Federated investors has a LOAN , with each mutual fund being managed by several portfolio managers who together take responsibility for the fund's performance.
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