Question 1 of 20

You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic meth

Goshia [24]

Answer:

$46.56

Explanation:

Calculation to determine the cost per unit.

Units Units Cost Total cost

June1 Beginning inventory 38* $42 =$1,596

June4 Purchase 135 *$46=$6,210

June18 Purchase 58 *$48=$2,784

June18 Purchase return (9) *$48=($432)

June28 Purchase 33 *$52=$1,716

Total= 255 $11,874

Now let calculate the cost per unit using this formula

Weighted average cost per unit=Costs of goods sold for sale/Units available for sales

Let plug in the formula

Weighted average cost per unit=$11,874/255

Weighted average cost per unit=$46.56

Therefore the cost per unit is $46.56

3 0

2 years ago

_________ implies that there are clear links between the performance standards for a particular job and organizational objective

Ksju [112]

Answer:

Relevance

Explanation:

Relevance implies that there are clear links between the performance standards for a particular job and organizational objectives, and between the critical job elements identified through a job analysis and the dimensions to be rated on an appraisal form.

8 0

3 years ago

Read 2 more answers

What makes buying a foreclosed property risk

navik [9.2K]

Answer:

You can not check the property beforehand for damages, which is a risk.

Explanation:

A foreclosure property is that property which is being sold off by a lender in order to payoff default.

There are a number of risks involved in buying such property. The process of buying is lengthy and complicated.

Buyers are not allowed to check the property before auction. Often these properties are damaged because the owners can not afford to manage. Or the angry owners may damage the property purposely in order to punish the lenders.

4 0

3 years ago

Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe

Fynjy0 [20]

Answer:

Instructions are lsited below

Explanation:

We don't have enough information to resolve with numbers. But I will leave the formulas necessary to resolve.

The general structure of an income statement proceeds as follow:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

A Contribution Margin Income Statement is a special format of the income statement that segregates the variable and fixed expenses involved in running a business. It shows the revenue generated after deducting all variable and fixed expenses separately.

Sales=

Variable costs:

Cost of good sold=

Sales commissions=

Shipping expense=

Total variable cost=

Contribution margin=

Fixed costs:

Advertising expense=

Shipping expense=

Administrative salaries=

Insurance expense=

Depreciation expense=

Total fixed cost=

Net profit=

5 0

3 years ago

In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was

kap26 [50]

Answer:

- This type of fraud is check tampering

- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses

- This type of fraud can be prevented by rotating employees that handle check issuance to vendors, review of budget versus actual expenditure, monitoring of audit trail to see if beneficiary was changed, daily statement download for reconciliation, and restriction of functions for example a employee that issues checks should not also reconcile bank statement.

Explanation:

Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.

In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.

Various internal control measures can be taken to prevent this and they are listed above

4 0

3 years ago