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Ulleksa [173]
2 years ago
15

You are the IT manager for the Andrews Company. A large shipment of new computers has just arrived. You notice that the inventor

y is short one computer. The invoice, however, clearly states that all the computers ordered were shipped. You suspect that one of your employees (Bill) has something to do with the missing computer. Which of the following actions would be most effective in dealing with the missing computer?Select: 1Rule out other explanations such as an error by the computer distributor.Ask another employee who is close friend of Bill’s to talk with him about the issue and to report back to you.Send a letter to the computer distributor to document in writing that there was a problem with the shipment.
Business
1 answer:
oee [108]2 years ago
7 0

Answer:

1. Rule out other explanations such as an error by the computer distributor.

Explanation:

The best and most appropriate action is to rule out explanation. There can be an error with the shipment or by computer distributor. Before suspecting Bill for the missing computer we need to seek explanation from him. The computer can either be loss or missed out when shipped. Bill should be asked to explain the missing inventory. The explanation from Bill can be a point for further investigation.

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Analyzing and Computing Accrued Warranty Liability and Expense Canton Company sells a motor that carries a 60-day unconditional
White raven [17]

Answer:

a. Warranty expense $480,000

b.  Warrant liability $96,000

Explanation:

Solution-a

Warranty expense = 3%*100,000*$160

Warranty expense = $480,000

Solution-b

Warranty liability = $480,000 -($160*2,400)

Warranty liability = $96,000

8 0
2 years ago
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second
zalisa [80]

Answer:

Increase in GDP =  $5

correct option is b. GDP increases by $5.00

Explanation:

given data

bake bread sold = $3.00

flour sold = $1

sells to consumer = $2.00

to find out

what is the effect on GDP

solution

we get GDP that is increase is express as

Increase in GDP = flour sold + ( bake bread sold - flour sold  ) + sells to consumer   ..................1

put here value we get by equation 1

Increase in GDP = $1 + ( $3 - $1 ) + $2

Increase in GDP =  $5

correct option is b. GDP increases by $5.00

6 0
2 years ago
Capital budgeting projects typically assume that all cash flows transpire at the end of the year. The reason for this is that:
garri49 [273]

Explanation:

This is an easy way for a manager to make an effective decision to carry out a capital budget project by analyzing a company's inflows and outflows from a period and determining what is the rate of resources and what are the aggregate risks for realization. investment that brings a positive return consistent with organizational objectives.

6 0
2 years ago
The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:
Alisiya [41]

Answer:

Zenith Travel Service

Statement of Owner's Equity for the year ended August 31, 20Y4:

Capital as of September 1, 20Y3 = $456,000

Additional investment                          43,200

Retained Earnings                                 (8,400)

Drawings                                              (21,600)

Capital as of August 31, 20Y4        $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawal = $21,600

Income Statement for the year ended August 31, 20Y4:

Fees earned                                  $899,600

Office expense            353,800

Miscellaneous expense 14,400

Wages expense          539,800     908,000

Net income/Retained earnings      ($8,400)

b) Zenith's statement of owner's equity is a financial statement that reports the changes in the equity section of Zenith's balance sheet during the year ended August 31, 20Y4. In other words, it reports the events that increased or decreased Megan Cox's equity over the course of the year from September 1, 20Y3 to August 31, 20Y4.

8 0
2 years ago
On March 1, 2018, Shipley Resources entered into an agreement with the state of Alaska to obtain the rights to operate a mineral
N76 [4]

Answer:

B) $20,697.

Explanation:

For computing the accretion expense, first we have to determine the present value which is shown below:

Present value would be

= Annual cash flows × PVIF factor for five years at 10%

where,

Annual cash flows would be

= Probability × cash outflows + Probability × cash outflows + Probability × cash outflows

= 25% × $300,000 + 50% × $400,000 + 25% × $500,000

= $75,000 + $200,000 + $125,000

= $400,000

And, the PVIF would be 0.62092. Refer to the PVIF table

So, the present value would be

= $400,000 ×  0.62092

= $248,368

Now the accretion expense would be

= $248,368 × 10% × 10 months ÷ 12 months

= $20,697

The 10 months are computed from March 1 to December 31 and we assume the books are closed on December 31

4 0
2 years ago
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