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Harrizon [31]
3 years ago
10

Which department is responsible for initiating the purchase of materials?

Business
1 answer:
IceJOKER [234]3 years ago
4 0
I would say the inventory department.
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Which procedure would be of most assistance to an auditor discovering a large credit sale that has erroneously been recorded twi
koban [17]

Answer:

B. Sending accounts receivable confirmations.

4 0
3 years ago
An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The
lubasha [3.4K]

Answer:

Discounted payback period = 1.89 years

Explanation:

If Initial cost is $5,200

Year  Cash flow   Present value   Present value      Discounted

                                 at 11%                                       Cumulative cash flow

0          -5,200             1                      -5,200              -5,200

1            2,800           0.9009             2,523               -2,677

2           3,700           0.811                  3,003                326

3            5,100           0.73126              3,729                4,055

4            4,300          0.6587               2,833                6,887

Discounted payback period = 1 + (2,667/3003)

=1.89 years

Working

PV= (1+i)^-n

i= 11%, n= respective years 0,1,2,3,4

6 0
3 years ago
As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up
Klio2033 [76]
<h3>Explanation:</h3><h3>Part (a):</h3>

Solved part is attached as an image.

<h3>Part (b):</h3>

Let us first determine the amount required of each item to produce 1 bracket.

From the attached diagram, we can see that to manufacture 1 bracket, quantity of each item needed is,

Base = 1

Spring = 2

Clamp = 1 + 4 = 5

Housing = 2

Handle = (1 * 1) + (4 * 1) = 5

Casting = (1 * 1) + (4 * 1) = 5

Bearing = 2 * 2 = 4

Shaft = 2 * 1 = 2

Hence, for 50 Brackets, quantity of each item required will be,

Base = 1 * 50 = 50

Spring = 2 * 50 = 100

Clamp = 5 * 50 = 250

Housing = 2 * 50 = 100

Handle = 5 * 50 = 250

Casting = 5  * 50 = 250

Bearing = 4 * 50 = 200

Shaft = 2 * 50 = 100

<em>NOTE: The above quantities give exclusive quantities required for each item. In actual practice, we won't have to purchase base, clamp & housing separately as the will be assembled from their components which are already procured.</em>

<h3>Part (c):</h3>

As 25 bases are already in stock, parts for them will not be needed. I will refer the quantities subtracted due to this by indicating (B). Similarly, quantities subtracted due to clamps will be indicated as (C).

Base = 50 - 25 = 25

Spring = 50

Clamp = 250 - 100 - 25(B) = 125

Housing = 100 - (2*25)(B) = 50

Handle = 1 * 125 = 125

Casting = 1 * 125 = 125

Bearing = 2 * 50 = 100

Shaft = 1 * 50 = 50

6 0
3 years ago
On average, a person with a bachelor's degree earns
Georgia [21]

Answer:

B

Explanation:

the knowledge.. between a Bachelor degree and an associate degree. is leser

5 0
3 years ago
obinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary d
ZanzabumX [31]

Answer:

Robinson's deferred income tax expense or benefit for the current year would be $6,700

Explanation:

The computation of the deferred income tax expense or benefit for the current year is shown below:

= Deferred tax expense - adjustment of tax based on the tax rate

where,

Deferred tax expense = (Favorable temporary differences - unfavorable temporary differences) × corporate tax rate

= ($50,000 - $20,000) × 21%

= $6,300

And, the adjustment of tax equals to

= Net taxable temporary difference × (Tax rate - corporate tax rate)

= $100,000 × (34% - 21%)

= $13,000

Now put these values to the above formula  

So, the value would equal to

= $6,300 - $13,000

= $6,700

6 0
3 years ago
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