Answer:
1. Debit Revenue: $600
Credit Account receivable: $600
2. Debit Merchandise: $350
Credit Cost of good sold: $350
Explanation:
On March 12, when sold merchandise to Babson Company, Klien Company must record their revenue and cost of the marchandise by 2 entries:
1. Debit Account receivable: $7,800
Credit Revenue: $7,800
2. Debit Cost of good sold: $4,500
Credit Merchandise: $4,500
On March 15, when received return marchandise, Klein must record to reduce their revenue and cost of good sale by 2 entries as the answer. This is matching concept in accounting.
Answer:
<em><u>Segregation</u></em><em><u> </u></em><em><u>of </u></em><em><u>duties</u></em><em><u> </u></em>
Explanation:
<em>Segregation of duties</em><em> </em><em>-</em><em> </em><em>implementing</em><em> </em> control <em>procedure to </em><em>clear</em><em>l</em><em>y </em><em>divide</em><em> </em><em>authority </em><em>and </em><em>responsibility</em><em> </em><em>within</em><em> </em><em>the </em><em>information</em><em> </em><em>system </em><em>function</em><em>.</em><em> </em>
Being a customer advocate is a major factor underlying repeat sales.
If you always vouch for your customers, and try to provide them with goods of best quality, they will be more likely to buy more of your stuff and always return to your company for products. Thus, it is good to be on friendly terms with your customers.
The statement "If a balance exists in the temporary MOH account at the end of the period, it can be ignored for purposes of preparing the company’s financial statements" is False.
The manufacturing overhead (MOH) price is the sum of all the oblique expenses which can be incurred while producing a product. Its miles brought to the value of the very last product alongside the direct cloth and direct labor prices.
Manufacturing overhead is a cost listed below the cost of income, in this case, referred to as the price of products synthetic. It's far something of a trap-all term for the expenses needed to run the facilities to manufacture the business's products intended on the market.
Examples of MOH
- Electricity or gas is utilized in a manufacturing facility.
- Different utilities, inclusive of water and trash provider.
- Unexpected repairs.
- Supervisors or managers within the factory.
- Depreciation of a construction's value.
- Rent and assets taxes.
- Equipment depreciation.
Learn more about manufacturing overhead here brainly.com/question/13312583
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Answer:
The interviewer should structure the interview in a way that helps him find out:
- Whether the applicants hold parallel job positions in China, and if they do, whether those parallel positions conflict with corporate standards, and general federal law.
- Whether the applicants understand the basics of US ethical standards (and J.P. Morgan standards), and US law so that they have a general and reasonable idea of what actions are forbbiden under American codes.
- Whether the applicants itend to engage in financial transactions with Chinese officials, and whether the money that would be used would come from J.P. Morgan or not.
- This might sound overboard, but as the applicants come from a country that is known to engage in spying, intellectual property stealing, and general involvement with internal issues in other countries, the interviewer should try to ask probing questions to find out if the applicants are some sort of spies or not.
