Question 19. Dr Accounts Receivable Cr Dr Allowance for Uncollectibles Cr Jan 1. 82‚900 c. 4‚400 c. 4‚400 Jan 1. 8‚700 a. 240‚000 d. 231‚200 b. 4‚800 Dec 31. 87‚300 Dec 31. 9‚100 Dr Bad Debt Expense . Dr Sales Cr b. 4‚800 . a. 240‚000 Dec 31. 4‚800 Dec 31. 240‚000 Dr Cash Cr d.
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ACG 6315 1.For which of the following products would job order costing be least likely to be used? Textbook printing Newsprint paper Manufacturing Mortgage loan processing Residential building 2.Which of the following costs are treated as part of the cost of product? Wages of plant security guards Insurance on the plant building and equipment All of the above are product costs Depreciation on the kitchen sink in the plant cafeteria 3. If a cost is identical under each alternative
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Problem 1 The accounts receivable of FRANCO COMPANY were stated at P1‚467‚000 in a balance sheet submitted to a banker for credit. You are called upon to audit the report and‚ upon analysis‚ the asset was found to consist of the following items: Due from customers on open account P 1‚125‚000 Acknowledged claim for damages 22‚500 Due from consignee at billed price – cost price being P22‚500 30‚000 Investment in and advances to affiliated company 150‚000
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Business Sustainability Alternate measure for Economic Performance Jayant Kumar Preface An indicator is something that helps one to understand inclusive position‚ the path and how far one is from the point they want to be. A good indicator gives the alert about the problem before it gets too bad and helps to recognize things to do in-order to fix it. Indicators of sustainable community point to areas where the links between the economy‚ environment and society are weak. It allows one to
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2. Which do you think would be the easiest to measure—the attention level of a class‚ student interest in a poem‚ or participation in a class discussion? Why? Which would be the hardest to measure? The participation of the students in class is hardest to measure as the perception and liking changes with the passage of time and it is not feasible or easy to think about this. Poems and the other such actions are easy to measure that liked or not by the students so it would not be the issues in that
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Case Writeup – Citibank: Performance Evaluation Question 1) Which of James McGaran’s performance measures are objective‚ and which are subjective? Evaluate the pros and cons of objective and subjective measures in a performance evaluation and reward system. Objective performance measures are those which are directly quantifiable and are not subject to the beliefs and interpretations of the observer. Subjective measures on the other hand require interpretation and judgment‚ and while numerical scores
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(Accounts Receivable‚ Inventory‚ Long-lived Assets‚ Bonds) 1. GNC has the following information regarding the inventory of its Super Mega‚ a multivitamins. Assume GNC uses periodic inventory system each quarter and FIFO. a. On July 1‚ GNC had 200 bottles of Super Mega in stock. Each bottle costs $3. b. On July 15‚ GNC purchased 5‚000 bottles of Super Mega for $25‚000 from a supplier‚ paid $10‚000 in cash and the rest was on credit. c. On August 15‚ GNC purchased another 1‚000 bottles of Super
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How to Increase job performance ….the main thing that matters to you as an employer is probably the way people do their jobs‚ and the results that they achieve. You cannot afford to employ people just because they are nice guys; you need to turn them into nice productive guys (Hackett‚ 1979). The above assertion by Hackett‚ (1979) cited in Ejiogu (2001:91) clearly explains the need and rationale for training‚ capacity building‚ appraisal or evaluation and motivation of staff or employees by the
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What types of performance measures used by retailers? The performance measures used to evaluate retail operations will depend on the level of the organization where the resources the manager controls and the decision the manager is making. There are many factors that to be considered before a retailer evaluates the overall performance of a store. Thus‚ it is very difficult to use one single measure to evaluate the performance of a store. For example‚ a store manager could easily increase sales and inventory
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Dennis Caplan DIVISIONAL PERFORMANCE MEASURES Chapter Contents: - Divisional Income - Return on Investment - Residual Income This chapter discusses three performance measures used to evaluate divisions and divisional managers. The term “division” in this chapter is shorthand for any responsibility center that is treated as a profit center or as an investment center. Investors and stock analysts use analogous measures to evaluate company-wide performance. Divisional Income: Divisional
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