Answer:
$171,619.20
Explanation:
The computation of the budgeted accounts payable balance at the end of November is shown below:
= Budgeted cost of raw materials purchases in November × following month percentage
= $286,032 × 60%
= $171,619.20
As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%
The contract may be enforceable by either Guardian Security or Hedge Fund. So, either of the two is enforceable regarding the contract they have agreed. The contract are enforceably by both of the parties. So the answer in this question is either Guardian Security or Hedge Fund. Contract is a written agreement by two or more parties.
Answer:
-Old business, new business, and reports
-Your opinions of the motions
-Approval of previous minutes
Explanation:
Meeting minutes are the written or recorded documentation that is used to inform attendees and none attendees about what was discussed or what happened during a meeting. Minutes usually include Names of participants. Agenda items covered. Decisions made by participants.
Meeting minutes act as a measuring stick, Minutes record meeting decisions, which makes them a useful review document when it comes time to measure progress. They also act as an accountability tool because they make it clear whose duty it was to perform which action.
Answer:
Debit to loss on sale of equipment of $20,000
Explanation:
Data provided in the question:
Selling cost of the equipment = $100,000
Cost of the equipment = $300,000
Accumulated depreciation of the equipment = $180,000
Now,
The book value of the equipment
= Cost of the equipment - Accumulated depreciation
= $300,000 - $180,000
= $120,000
Therefore,
Proceeds for selling
= Selling cost of the equipment - Book value of the equipment
= $100,000 - $120,000
= - $20,000
Here, the negative sign depicts a loss
Hence,
The company’s journal entry to record the sale of the equipment would include a Debit to loss on sale of equipment of $20,000
Answer:
The correct answer is letter "C": top management's attitude toward decentralized operating structures.
Explanation:
Sales forecasts have the purpose of providing companies with an idea of how their sales environment is going to be within a specific period. By forecasting, firms obtain objective information from inside and outside the company that allows them to maximize the distribution of their resources to cover the customers' demands in the future.
Thus, <em>an executive's attitude over decentralized operating structures is not relevant for sales forecasting.</em>
