Answer:
Cash 291000 Dr
Factoring fees expense 9000 Dr
Accounts Receivables 300000 Cr
Explanation:
The factoring charge or fess is an expense for Laurel Company for the service provided by Hardy factors. So, whenever factoring is done, the ffactoring fees expense account will be debited as expense will increase. Th cash received is 300000 * 0.97 = 291000
The factoring fees is 300000*0.03 = 9000
As a result all of the accounts receivables will be credited from the books.
Answer:
False because finance is totally different from management and financial accounting. Finance degree holder can not apply for every as the finance degree holder knows better about financial management not about management accounting or financial accouting. The major fields which a finance degree holder can apply for are accountancy firms, investment and high street banks, insurance firms, management consultancies, etc.
Answer: 5,000 units
Explanation:
Break-even points in units is calculated by;
= Fixed Costs / Contribution Margin per unit
Contribution Margin
= Sales - Variable Costs
= $40 - ( 40 * 40%)
= 40 - 16
= $24 per unit
Breakeven point
= 120,000/24
= 5,000 units
Answer:
Organizational Culture
Explanation:
Organizational Culture -
It refers to the beliefs , expectation , values , experiences offered or required by an organisation , is referred to as organizational culture .
Having common customs , beliefs and working culture , makes the working life of the employees easy and convenient in the organisation .
Hence , a good and proper organizational culture is very important to have a good organization .
Hence , from the given scenario of the question ,
The correct answer is Organizational Culture .
Answer:
C makes most sense
Explanation:
if you dont have the raw materials to byild the bases of the products you cant make anything
