Answer:
Hi the demand for each product for this question is missing, however, i have provided step by step approach to solving the problem below .
Explanation:
First Calculate the contribution per unit of each product
A B C
Sales price $65.50 $57.50 $75.25
Less Total variable cost ($28.85) ($26.50) ($38.95
)
Less Direct material cost ($11.25) ($8.90) ($22.75)
Contribution $25.40 $22.10 $13.25
Calculate the contribution per limiting factor of each product and rank the products
<em>contribution per limiting factor = contribution per unit ÷ quantity per limiting factor per unit</em>
A B C
Contribution $25.40 $22.10 $13.25
Quantity of limiting factor 4.65 6.3 5.9
Contribution per limiting factor 5.46 3.51 2.25
Ranking 1 2 3
Allocate the limiting factor according to the limiting factor
The company will on produce Product A as this is the most profitable.
Contribution = $25.40
Answer:
$1,302,000
Explanation:
To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000
The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.
<span>This prompt would refer to someone who would consider themselves a Muckraker. A muckraker is someone who researches and publishes scandles and corruption found in politics. This term was popularized in 1906 when used by President Theodore Roosevelt in a speech, he reference a man with a muckrake in his hand, a term from "Pilgrim's Progress" describing someone who seeks worldly gain by raking muck.</span>
Answer:
First Scenario:
The furniture store should develop a system which helps keeps track for the purchases made on account. The system should keep track of invoices and payment due dates. The system should notify the team when the payment due date is near. The system should have controls for identifying duplicate payments.
Explanation:
Second Scenario:
The account payable clerk should keep track of all the invoices entered in the system. The system controls should be efficient so that there is no duplicate payment or missed payment. The system should notify the user when any duplicate invoice entering attempt is made. There should be authorization of invoices before they are entered in the system. The payment process should be segregated between 2 or more users so that there is less risk for fraud.
