if i am trying to collect on a debt, can i post requests on social media for information on how to contact the debtor?

Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing

likoan [24]

Answer:

Required 1

Process cost summary for May

Inputs

Units Dollars

Beginning Work In Process 3,600 $269,340

Started 24,300 $3,027,360

Totals 27,900 $3,296,700

Output

Units Dollars

Transfer to Finished Goods 25,200 $3,024,000

Closing Work In Process 2,700 $272,700

Total 27,900 $3,296,700

Required 2

May 31

Finished Goods Inventory 3,024,000 (debit)

Work In Process 3,024,000 (credit)

Explanation:

Equivalent Units of Production Calculation

Materials

Units Completed and Transferred ( 25,200 × 100%) = 25,200

Units in Closing Work In Process ( 2,700 × 100%) = 2,700

Total Equivalent Units of Production = 27,900

Conversion Cost

Units Completed and Transferred ( 25,200 × 100%) = 25,200

Units in Closing Work In Process ( 2,700 × 80%) = 2,160

Total Equivalent Units of Production = 27,360

Calculation of Cost per Equivalent Unit of Production

Cost per Equivalent Unit = Total Cost / Total Equivalent Units of Production

Materials = ( $20,400 + $677,100) / 27,900

= $25.00

Conversion Cost = ( $248,940 + $2,350,260) / 27,360

= $95.00

Total Cost per Equivalent Unit = $120.00

The cost of completed units to finished goods inventory = 25,200 × $120.00 = $3,024,000.

7 0

3 years ago

Each time a sale is recorded, two journal entries are also recorded to account for estimated sales returns.

Lemur [1.5K]

Answer:

The given statement is False

Explanation:

The sale is recorded at the time when the company sells is products and services to the customer and for that the journal entry is to be passed

Now if there is a return of goods that are sold by the company to the customers, the journal entry is to be recorded for sales returns

So the entry is recorded for that good only i.e. return

Therefore there is no need to record two entries

Hence, the given statement is false

4 0

3 years ago

(a) Based on the information provided, describe the ways in which Volkswagen did not fulfill the requirements of effective corpo

Lelu [443]

Answer:

I believe Volkswagen did not fulfill the requirements of effective corporate governance mainly because the board didn’t have enough independent directors present.

The essential driver is the nonappearance of a solid gathering of independent directors. In view of German Corporate law, administration is given by a Management Board and a Supervisory Board, with representatives making up half of the Supervisory Board. This ought to have took into consideration in any event half of the Supervisory Board to be completely independent. While remaining inside the 'letter of the law,' they evaded the 'spirit of the law' by cycling recent former senior executives through the Supervisory Board Chairmanship position and other board positions. This had the impact of expelling genuinely independent oversight.

To select the next board members and avoid any future issues Volkswagen can keep in mind the following things about the board that it is :

Is well informed about the company’s performance.

Guides and judges the CEO and other top executives.

Has the courage to curb management actions the board believes are inappropriate or unduly risky.

Certifies to shareholders that the CEO is doing what the board expects.

Provides insight and advice to management.

Is intensely involved in debating the pros and cons of key decisions and actions

Explanation:

3 0

3 years ago

The VP of Sales is using Collaborative Forecasting to track sales rep quote attainment. The VP wants to be notified when sales r

irina [24]

Answer:

Workflow rule

Explanation:

Workflow rules in Salesforce is a strategic program used to automate standard internal procedures and processes in a business when series of conditions are established, in order to save time and ensure better scaling up.

Workflow rules can be executed by using the if/then statement in programming.

Hence, the System Administrator should use the workflow rule so as to notify the VP when sales reps move the Opportunity Stage backward In the sales process.

3 0

3 years ago

Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August. Three-fourths of all purchase

Savatey [412]

Answer:

The correct option is B.

Explanation:

It is given that Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August.

Purchase in July = $180,000

Purchase in August = $210,000

Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase.

In August, the cash disbursements for materials purchases be 3/4th of $210,000 (Purchase in August) and 1/4 of $180,000 (Purchase in July).

August's cash disbursements for materials purchases be

$Amount=\frac{3}{4}\times 210000+\frac{1}{4}\times 180000$

$Amount=157500+45000$

$Amount=202500$

The August's cash disbursements for materials purchases be $202500. Therefore the correct option is B.

4 0

4 years ago