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1 year ago

Conducting a search of the story is part of store closing duties why

Business

1 answer:

Margaret [11]1 year ago

6 0

Searching for the store is part of store closing duties. Why?

A. To look for empty boxes

B. To ensure that all trash has been removed

C. To make sure someone is not hiding

D. To make sure all merchandise is on the sales floor

Answer:

B. To ensure that all trash has been removed

Explanation:

The purpose of conducting a search of the store which is part of store closing duties is to ensure no detail is overlooked such as removing all the trashes available and eventually avoiding more work for the next morning.

In some other cases, it is also an opportunity to clear the corridors or spaces of any merchandise, carts, or litter around the floors.

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The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,800 units of product during October, incurring

Alex Ar [27]

Answer:

$500 favorable

Explanation:

Given;

Number of units produced = 10,800 units

Actual indirect material costs = $13,000

Reflected indirect material costs for 144,000 units = $180,000

Now,

Per unit reflected indirect material costs = $180,000 ÷ 144,000

= $1.25 per unit

Therefore,

Budgeted indirect material cost for actual units produced

= $1.25 × 10,800

= $13,500

since,

the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore

the indirect material costs in October is favorable

amount = Budgeted cost - Actual cost

= $13,500 - $13,000 = $500 favorable

5 0

1 year ago

The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks

Brut [27]

Answer:

17.5%

Explanation:

The expected return is the weighted average of the expected returns in each scenario by its respective probability.

The distribution of the holding period returns (HPR) under three different scenarios is:

State of the economy Scenario #(s) Probability, p(s) HPR

HPR Boom 1 0.336 28.40%

Normal growth 2 0.414 7.90%

Recession 3 0.25 18.90%

The calculations are:

$E(HPR) = 0.336\times 28.40\%+0.414\times 7.90\%+0.25\times 18.90\%$

$E(HPR)=17.5\%$

6 0

1 year ago

Using these data from the comparative balance sheet of Sunta Fe Spice Company, perform horizontal analysis. (Round percentages t

frozen [14]

Answer:

75000,25%;

18000, 30%.

420000, 15%.

Explanation:

From the question above we are given the following parameters Accounts receivable for year 2017 = $ 375,000,

Inventory for the year 2017 = 780,000 and the Total assets for the year 2017 = 3,220,000.

Accounts receivable for year 2016 = $ 300,000, inventory for the year 2016 = 600,000 and the Total assets for the year 2016 = 2,800,000.

Therefore, we have the following simple arithmetic(which is subtraction between the variables in the two years) to determine the solution to the question:

(375,000 - 300,000) = 75,000 = 25%(increase).

(780,000 - 600,000) = 180,000 = 30%(Increase).

(3,220,000 - 2,800,00) = 420,000 = 15%(increase).

8 0

1 year ago

Read 2 more answers

On December 31, 2019, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $

Elina [12.6K]

Answer:

June 30, 2020 Bond Interest expense Debit $5,756.25

Discount on Bonds payable Credit $506.25

Cash Credit $5,250

Explanation:

We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount

Given,

Bond price = $150,000

Interest = 7%

Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20

Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)

Cash payment for semiannual interest = $5,250 (Credit)

Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)

Discount on bonds payable = $506.25 (Credit)

Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)

6 0

1 year ago

Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide

rodikova [14]

Answer:

Explanation:

Based on the information provided within the question it can be said that this is many times a necessary part of strategy implementation. This term refers to the process which a company undergoes in order to begin putting the chosen plans and strategies into action with the hopes of achieving the desired goal. This process many times requires situations like the one in question to be handled.

6 0

1 year ago