8. Which of the following woukd NOT normally be recorded on the Steward's Market Quotation tlist? a. par stock b. amount on hand c. both (a) and (b) are normally recorded on the Steward's Market Quotation List.
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- Suppose that Mac only kept track of the number of magazines sold. Would thisgive an accurate representation of the demand for the Journal? Under what circumstances would the actual demand and the number sold be close, and underwhat circumstances would they differ by a substantial amount?Purchase Discounts It is typically beneficial for companies to take advantage of early-paymentdiscounts allowed on purchases made on credit. To see why this is the case, determine the effectiverate of interest associated with not taking advantage of the early-payment discount for each of thefollowing situations. Assume in each case that payment is made on the 30th day of the billing cycle.Required1. What is the opportunity cost of not taking advantage of the discount associated with purchases madeunder the following terms: 2/10, n/30? (Show calculations.)2. What is the opportunity cost of not taking advantage of the discount associated with purchases madeunder the following terms: 1/10, n/30? (Show calculations.)3. To motivate managers to take early-payment discounts, what is the appropriate accounting treatment forpurchase discounts?Find the last date the cash amount is available and the date on which the net amount is due. Invoice date= April 14 Terms 2/10 , n/30 Date goods received= April 16
- Entries for bonds payable and installment note transactionsThe following transactions were completed by Winklevoss Inc., whosefiscal year is the calendar year Instructions1. Journalize the entries to record the foregoing transactions. Round allamounts to the nearest dollar.2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2.3. Determine the carrying amount of the bonds as of December 31, Year2.I have 100 items of a product in stock. The probabilitymass function for the product’s demand D is P(D 90) P(D 100) P(D 110) 13. a Find the mass function, mean, and variance of thenumber of items sold.b Find the mass function, mean, and variance of theamount of demand that will be unfilled because of lackof stock.A raw material sales reрresentative will get 2 % commission on the first Ρhр 200,000.00 of his sales. 3.5 % on the next Ρhр 200,000.00 sales and 5 % on all sales in excess of sum of the first two sales. What was his commission last May for his sales that amounted to Ρhр 482,785.00 ?
- Abduallh, the Internal auditor of TATI Company recommends to the top management about the need for using stock tracking software to ensure effective store management. Which of the following statement holds true about the above statement? a. It’s an example of Whistle blowing since it is reported to the top Management b. It is not an example of Whistleblowing since there is no wrongdoing reported c. It’s an example of Whistle blowing since it is an internal matter of the business d. It’s an example of whistle blowing since it is to protect the company’s best interestThe difference between a gross material requi rementsplan (gross M RP) and a net material requi rements plan(net MRP) is:a) the gross MRP may not be computerized, but the netMRP must be computerized.b) the gross MRP includes consideration of the inventoryon hand, whereas the net MRP doesn't include theinventory consideration.c) the net MRP includes consideration of the inventoryon hand, whereas the gross MRP doesn't include theinventory consideration.d) the gross MRP doesn't take taxes into account. whereasthe net M R P includes the tax considerations.e) the net MRP is only an estimate, whereas the gross MRPis used for actual production scheduling.A schedule of budgeted cash collections for trade receivables (sales on account) for each ofthe months October to December.
- 30 - I. Specific dateII. After a certain period of time from the date of issueIII. Payable after a certain period of timeIV. Payable when seenIn case of existence of the above maturity types, an interest requirement can be imposed on the policy?A) Only IIIB) I and IIC) I onlyD) AllE) III and IVMultiplication table:1. Consider the following in computing for the markup on sales price: Sales price = 120.00 Cost = 70.00 Markup = 50.00 Markup percentage will be at _____%. a. 71.4 b.41.6 c.58.3 d.41.72. Consider the following in computing for the markup on cost: Sales price = 120.00 Cost = 70.00 Markup = 50.00 Markup on cost will be at _____%. a. 58.3 b.41.7 c.71.4 d.41.63. Quantity ordered Percentage of Discount Less than 100 units 5 % 101-150 units 10% 151-200 units 15% 201-250 units 20% 251units and above 25% With reference to the above table, if a cumulative discount was given by JJ Cake Pastries to Ace Catering for twenty dozens of cupcakes, priced at P25.00 per unit for orders within one month. Total amount of…10. An announcement that the prices of goods and services in the market are risking would cause an increase in which of the following? O a. The default risk premium O o The risk free rate ) r The liquidity risk premium O o The inflation risk premium