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2 years ago

Which factors have a major influence on supply's level in the organization:?

1 answer:

5 0

Those factors are:
1. the ratio of purchased material and services costs as a percentage of total costs or income. Whcich will determine how much variable cost will incurred
2. the nature of the products or services acquired. Which determine the time table of the supply process
3. the extent to which supply and suppliers can provide competitive advantage. Which will determine the final pricing that come to the customers

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Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

In-s [12.5K]

Answer:

1. Computation of Net Operating Cash flow

Particulars Year 1 $ Year 2 $

Net Operating Cash flow

Cash collected from clients $167,000 $197,000

Less: Cash Disbursement

Salaries $97,000 $107,000

Utilities $33,500 $47,000

Purchase of insurance policies $62,100 $0

Net Operating Cash Flow -$25,600 $43,000

Therefore, net operating cash flow for year 1 is -$25,600 and year 2 is $43,000.

2. Income Statement for each year

Particulars Year 1 $ Year 2 $

Revenue $184,000 $234,000

Expenses:

Salaries $97,000 $107,000

Utilities $38,500 $42,000

Insurance Policy($62, 100/3) $20,700 $20,700

Net Income $27,800 $64,300

Working:

Utilities for year 2 = $33,500 + $47,000 - $38,500 = $42,000

3. Computation of account receivables

Particulars Year 1 $ Year 2 $

Account receivables beginning balance $0 $17,000

Add: Account billed to client $184,000 $234,000

Less: Cash collections from clients $167,000 $197,000

Ending account receivables $17,000 $54,000

Therefore, net amount of account receivables for year 1 is $17,000 and year 2 is $54,000

4 0

2 years ago

Which of the following statements provides a summary of cash receipts and cash payments for a specific period of time such as a

AleksAgata [21]

Answer:

Option B

Explanation:

In simple words, cash flow statement refers to the financial statement in which an organisation depicts its sources and uses of cash for a specified period of time such as month or an year.

In this statement the inflows and outflows are categorized into three categories. Any cash flow from core business activities is grouped into operating activities section. Whereas cash flows from sale and purchase of machinery is categorized as cash flow from investing activities while transactions related to shareholders is recorded in financing activities section.

3 0

2 years ago

Which career professional is not part of the Business, Management, and Administration career cluster?

LUCKY_DIMON [66]

Hello!

The answer should be the last options.

Explanation: Human Resources Director is part of the business, management, and administration career clusters. Assistant to the Chief Executive Officer is part of the business, management, and administration career clusters. Business Accountant is part of the business, management, and administration career clusters. Mathematics Instructor is "not part of the business, management, and administration career cluster". Hope this helps! Thank you for posting your question at here on Brainly. Have a great day! -Charlie

4 0

2 years ago

Read 2 more answers

Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol

gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars Debit Credit

Carol Capital Account $4,500

Ross Capital Account $4,500

Ronald Capital Account $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

4 0

2 years ago

Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.2 million ca

DedPeter [7]

Answer:

1) October 1 2015, Cash $39.2million Dr

Notes Payable $39.2million Cr

2) December 31, 2015 Interest expense $0.784million Dr

Interest Payable $0.784million Cr

3) September 30, 2016 Notes Payable $39.2million Dr

Interest Payable $0.784million Dr

Interest Expense $2.352million Dr

Cash $42.336million Cr

Explanation:

When note is issued, liability is credit by the notes value and cash is credited.

The adjusting entry is prepared 3 months after the note is issued so the 3 month's interest on note relates to 2015 and it should be recorded as expense and as it is payable at maturity so interest payable is credited.

3 month interest = 39.2 * 0.08 * 3/12 = 0.784million

The note and interest will be payable that was accrued along with the remaining 9 months interest. Total interest is 39.2 * 0.08 = 3.136million

6 0

2 years ago