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2 years ago

What is an incentive?

Business

1 answer:

77julia77 [94]2 years ago

8 0

Answer:

it acts as a stimulus to a market

Explanation:

an incentive is the extra money given to an employee for the constant hard work done,this can therefore act as a stimulus.

I hope this helps

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On March 15, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from one of its c

Rzqust [24]

Answer:

Cash debit 1,200

Note Receivable debit 2,800

Account Receivable credit 4,000

Explanation:

The accounting will reflect the receipt of cash and the note at their principal.

The interest of the note will ge accrued with the past of time. Currently no interest was earned, so we don't have to post anything related to the interest of the note.

We just write-off the account receivable of the customer and declare how we settle.

6 0

3 years ago

Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $12,530. Refer to t

BlackZzzverrR [31]

Answer:

Dr Unearned fees $24,510

Cr Fees earned $24,510

Explanation:

Preparation of the December 31 adjusting entry required

Based on the information given if the balance shown in the unearned fees account was the amount of $37,040 before adjustment at the end of the year which means that if the amount of unearned fees at the end of the year is the amount of $12,530 the December 31 adjusting entry required will be :

Dr Unearned fees $24,510

Cr Fees earned $24,510

($37,040-$12,530)

7 0

2 years ago

The insurance pathway includes worker who deliver services that transfer risk from an individual or business to an insurance com

denpristay [2]

True i hope it help you.

8 0

3 years ago

Sheridan Company has a materials price standard of $2.00 per pound. 5700 pounds of materials were purchased at $2.20 a pound. Th

Elena L [17]

Answer:

$1,000 Unfavorable

Explanation:

Calculation to determine what Sheridan Company's materials quantity variance is

Using this formula

Direct Material Price Variance = (Standard quantity allowed - Actual quantity of materials) * materials price standard

Let plug in the formula

Direct Material Price Variance=(5200 pounds-5700 pounds)*$2.00 per pound

Direct Material Price Variance=-500 pound*$2.00 per pound

Direct Material Price Variance=-$1,000

Unfavorable

Therefore Sheridan Company's materials quantity variance is $1,000

Unfavorable

6 0

2 years ago

A mail-order house uses 18,000 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The followi

LuckyWell [14K]

Answer:

Explanation:

Given that:

A mail-order house uses 18,000 boxes a year.

Carrying costs are 60 cents per box a year =$0.60

and ordering costs are $96.

Determine:

A. The optimal order quantity.

The optimal order quantity can be calculated by using the formula:

$Q_o = \sqrt{\dfrac{2DS}{H}}$

$Q_o = \sqrt{\dfrac{2*18000*96}{0.60}}$

$Q_o = \sqrt{\dfrac{3456000}{0.60}}$

$Q_o = \sqrt{5760000}$

$Q_o = 2400 \ boxes$

B. The number of orders per year.

of boxes: 1,000-1,999 Price per box: $1.25

of boxes: 2,000- 4,999 Price per box: $1.20

of boxes: 5,000- 9,999 Price per box : $1.15

of boxes: 10,000 or more Price per box : $1.10

SInce 2400 boxes lies within ''of boxes: 2,000- 4,999 Price per box: $1.20 ''

Total cost = Carrying cost + ordering cost + Purchasing cost

$Total \ cost =(\dfrac{Q}{2} )H +(\dfrac{D}{Q}) S+PD$

$Total \ cost =(\dfrac{2400}{2} )0.60 +(\dfrac{18000}{2400}) 96+1.20*18000$

Total cost = ( 1200) 0.60 + 7.5(96) + 1.20(18000)

Total cost = 720 + 720 + 21600

Total cost = $ 23040

If the order size is 5000, the price per box will be 1.15

$Total \ cost =(\dfrac{Q}{2} )H +(\dfrac{D}{Q}) S+PD$

$Total \ cost =(\dfrac{5000}{2} )0.60 +(\dfrac{18000}{5000}) 96+1.15*18000$

Total cost = 2500 (0.60) + 3.6 (96) + 20700

Total cost = 1500 + 345.6 + 20700

Total cost = $22545.6

If the order size is 10000 , the price per box will be 1.10

$Total \ cost =(\dfrac{Q}{2} )H +(\dfrac{D}{Q}) S+PD$

$Total \ cost =(\dfrac{10000}{2} )0.60 +(\dfrac{18000}{10000}) 96+1.10*18000$

Total cost = 5000 (0.60) + 1.8(96) + 19800

Total cost = 3000 + 172.8 + 19800

Total cost = $22972.8

From the three total cost, the least minimum cost of ordering is: 5000

So; the number of orders per year = total number of boxes per year/ boxes per order

the number of orders per year = 18000/5000

the number of orders per year = 3.6 orders per year

8 0

3 years ago