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GREYUIT [131]
3 years ago
10

What is 1 question to ask a janitor? (This not for an interview)

Business
1 answer:
inysia [295]3 years ago
5 0
Maybe what qualifications are required? Is there benefits that come along with the job? What made you want to be a janitor for this facility?

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Francis Equipment Co. closes its books regularly on December 31, but at the end of 2017 it held its cash book open so that a mor
son4ous [18]

Answer:

a. Francis Equipment Co

  Adjusting entries

  December 31 2017

1. Revenues                                        Debit       $ 28,000

  Cash                                                Credit                                 $ 28,000

To reverse the cash sales recorded in December

2. Account receivable                       Debit         $ 18,000

   Sales Discounts                             Credit                                  $     360

   Cash                                                Credit                                 $ 17,640

To reverse the collections from customers and sales discounts allowed

                   

3. Cash                                                 Debit       $ 22,450

   Purchase Discounts                        Debit        $     250  

   Accounts payable                            Credit                                $  22,700

To reverse the payments made and discounts  availed

4. No entry for inventory                  

b. Francis Equipment company managed to show a higher retained earnings of $ 28,110

Explanation:

Computation for change in balance sheet

Cash sales reversed                                                              $ 28,000

Sales discounts allowed reversed                                         $     360

Purchase discounts availed reversed                                    <u>$  ( 250)</u>

Net items affecting income statement                                $ 28,110

The income was higher by $ 28,110, so correspondingly the retained earnings account was also higher by $ 28,110

No entry is required for inventory since it was based on an inventory count conducted on December 31 and a periodic inventory system is in use.

3 0
3 years ago
Suppose an initial investment of $80 will return $30/year for three years (assume the $30 is received each year at the end of th
Yanka [14]

Answer:

not profitable

Explanation:

The computation of investment profitable is shown below:-

The present value of the return is

= 30 ÷ 1.25 + 30 ÷ 1.25^2 + 30 ÷ 1.25^3

= 24 + 19.2 + 15.36

= 58.56 < 80

Therefore, the present value for the return is lower than the initial investment so, the investment is not profitable and hence the same is not to be considered

7 0
3 years ago
_______ is part of the new social contract for employees.
lana [24]
I think the answer is e
8 0
3 years ago
If a cost estimate indicates that a residential design is significantly over budget, what changes would you consider to reduce t
kogti [31]
<h3><u>Changes considered to reduce the cost of the project: </u></h3>

Cost Estimates of a Residential Design have the following elements:

1) Quantity Takeoff

2) Labor Hours

3) Labor Rates

4) Material Prices

5) Equipment Costs

6) Subcontractor Quotes

7) Indirect Costs

8) Profit Margin

Quantity Takeoff is the very basic element required in Residential Building. Labor hours and rates depends on the location, work difficulty, market value, and other extrinsic factors. Material prices and Subcontractor Quotes again depends on location, supply and demand. Equipment Costs depends on the location, place of purchase, transportation cost, size of equipment, etc. Indirect costs are overheads for labor and contractors.

As we can check the above elements, we cannot change Quantity takeoff, as no one wants to compromise in the quality. However, we can try to slightly negotiate with Labor rates and Subcontractor Quotes. Again, as mentioned the budget is significantly high, so we need to work on reducing 2 costs, which are Equipment Costs and Material Prices.

6 0
3 years ago
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Departme
artcher [175]

Answer:

                     Statement of Cost per equivalent unit

Particulars                                                 Materials        Conversion

Cost of beginning work in process           $8,130             $9,128

Add: Costs added during the month        <u>$226,500</u>        <u>$284,232</u>

Total cost A                                                 $234,630       $293,360

Number of equivalent units B                    <u>   9,900   </u>        <u>   9,400   </u>

Cost per equivalent unit (A/B)                  <u>$23.70     </u>       <u>$31.21      </u>

8 0
3 years ago
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