What will you use to allocate the cost of the purchasing department? a.Number of purchase orders generated b.Number of machines c.None of the answers are correct d.Number of employees
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What will you use to allocate the cost of the purchasing department?
a.Number of purchase orders generated
b.Number of machines
c.None of the answers are correct
d.Number of employees
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Solved in 2 steps
- Which one of the following departments does not have a copy of the purchase order?a. the purchasing departmentb. the receiving departmentc. accounts payabled. general ledgerA. What document is used to create the Sales Order in the Revenue Cycle and where does itcome from?B. Who creates the Sales order?C. Who gets copies of the Sales Order?In the space below, please answer parts A, B, and C.Customer relationship management software would be most likely to affect which income statement account? Multiple Choice Cost of Goods Sold Revenues Selling, General, and Administrative Expenses (SG&A) Interest Expense
- inventories at the lower of cost and net realizable value? Added to cost b. Ignored Deducted in arriving at NRV C. i Deducted in arriving at cost 3. How should prompt payment discount be dealt with when valuing inventories at LCNRV? a Added to cost b. Ignored C. Deducted in arriving at NRV d. Deducted from cost , How should sales staff commission be dealt with when valuing inventories at LCNRV? a. Added to cost b. Ignored c. Deducted in arriving at NRV d. Deducted from cost 4 How should import duties be dealt with when valuing inventories at LCNRV? a. Added to cost b. Ignored C. Deducted in arriving at NRV d. Deducted from cost 5. Net realizable value is defined as a. Current replacement cost ". Estimated selling price less estimated cost to complete and estimated cost of disposal * Expected selling price less expected cost to complete and expected cost of disposal d. Fair value less cost of disposalMost of the accounting cycles have journal entries that accompany activities of each cycle.Which of the below expenditure or revenue cycle activities will not have journal entries? Processing the sales orderBilling the customerPaying a supplierReceiving payment from the customerReturning inventory to supplierMost of the accounting cycles have journal entries that accompany the activities of each cycle. Which of the below expenditure or revenue cycle activities will not have journal entries? Processing the sales orderBilling the customerPaying a supplierReceiving payment from the customerReturning inventory to supplier
- 1. If the business purchases goods for resale purposes, such purchases are charged to?a. Expenses accountb. Sales accountc. Purchases accountd. None of the above 2. Costing information can be used for?a. Budget control and evaluationb. Determining standard costs and variancesc. Pricing and inventory valuation decisionsd. All of the aboveWhich of the following would not be used as a control account? a. Accounts receivable b. Accounts payable c. Plant and equipment d. Sales on account e. Inventory Please explain your answerWhich of the following describes the economic order quantity (EOQ)? a. It is associated with a pull inventory system. b. It is the heart of a JIT purchasing system. c. It minimizes total ordering and carrying costs. d. It minimizes stock-out costs.
- In the Purchasing Process - Level 0 Diagram, a data flow called "inventory's purchase requisition" most likely would be sent by the inventory management process to which of the following processes? Group of answer choices a. order goods and services b. receive goods and services c. determine requirements d. none of the above.Which files do you usually find in a sales order module versus an account receivable (customer module)? Why does this difference exist?Which of the following steps in the expenditure cycle would not appear as event entities in an REA diagram? Select one: a. Ordering b. Approve Supplier Invoices c. Cash Disbursements d. Receiving
