Answer:
No donation should be made by the manager
Explanation:
The best thing the manager should do is not to make any donation as he is aware that the the big man heads a criminal organization that is engaged in drug trafficking, By implication, the big man is indirectly providing fund to the drug trafficking organisation,
In addition, the act of helping the poor in the neighborhood is not a justification for running a drug trafficking organisation by the big man.
The manager should take action by reporting the bug man to the relevant local authority and provide them any information he has about the big man so that they can handle everything appropriately. If he does this, he is carrying his own and company's social responsibility function.
Answer:
Period Accounts % Uncollectibles Bad debt
receivables 2017 expense
Current $65,600 2% $1,312
1 - 30 days past due $13,500 5% $675
31 - 90 days past due $9,800 28% $2,744
Over 90 days past due $7,700 47% $3,619
Total $96,600 $8,350
So, the total estimated uncollectibles is $8,350
Date Account Titles and Explanation Debit Credit
31-03-2017 Bad debt expense $6,063
($8350 - $2287)
Allowance for Doubtful accounts $6,063
(Being adjustment entry to record bad debts recorded)
Answer:
Statement A - false
Statement B- true
Statement C- true
Statement D- false
Explanation:
An accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process is referred to as Process costing.
In Process costing, costs are assigned to products, usually in a large batch, which might include an entire month's production. Costs are eventually allocated to individual units of product.
Process costing is a method of assigning costs to units of production in companies producing large quantities of homogeneous products.
a. False- When a single product is made on a continuous basis, Process costing is used . The units produced are identical, i.e homogeneous in nature.
b. True- In the process costing is a method, the cost per unit is obtained by first accumulating costs for the entire period for each process or department, and they divide the accumulated costs by the number of units produced (tons, pounds, gallons, or feet) in that process or department.
c. True- Process minus costing approach is a method of assigning costs to units of production in companies producing large quantities of homogeneous products. Thus, the approach does not distinguish between individual units of product.
d. False - Process minus costing systems rather uses a multiple Work minusInminus Process Inventory account because it has a Work in Process Inventory account for each department or process.
Considering the available options, Common stock's par value "<u>has become less meaningful because states use other means to prevent stockholders from removing capital from financially distressed companies."</u>
Also, Common Stock's par value "<u>was introduced to prevent bankrupt companies from unfairly distributing company resources."</u>
Again, Common Stock's par value "<u>affects how common stock is recorded."</u>
Generally, Common stock's par value is the amount or price of stock shown on the bond certificate. It is usually between $0.10 to $0.01.
Hence, in this case, it is concluded that the correct answer is options A, C, and D.
Learn more about Common stock's par value here: brainly.com/question/3521865
Answer:
C. negotiating contracts
Explanation:
Discussing and Compromising on contract term in order to reach out final agreement between the company management and union at Selzar Inc.
