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Your text notes that all of the business processes we have studied feed data to the general ledger system. For each of the 5 business processes listed below: • Indicate which of the business events listed are activities within that business process (please use letters rather than descriptions of business events in your response)( they will only be used once) Business Processes 1. Purchasing 2. Billing/Accounts Receivable/Cash Receipts 3. Payroll 4. Order entry/Shipping 5. Accounts Payable/Cash Disbursements List of Business Events A. Payment is made to vendor on a purchase made on account B. Company deposits employer taxes at the bank C. Company asks for an allowance for box of broken lamps received from vendor D. Cash is received from a credit sale of merchandise E. Merchandise inventory is shipped to a customer F. Company writes off an account receivable that is deemed uncollectible G. Receiving dock employees unload goods from a vendor H. Customer sends a purchase order and our company creates a sales order I. Customer returns a sweater that is the wrong size J. Company accrues employer taxes
Let's say that a company produces a single product with a sale price of $25 per unit. The variable cost per unit is $15 and the company incurs fixed costs of $50,000 per month. What is the breakeven point for this company in units and sales dollar..
forrests gameboards company manufactures games in three departments using a process cost system with an average cost
body of weigh 6 grams if placed on one pan and 24 grams when placed on the other pan of a defective beam balance
You are required to form-up into groups of three to six (your task, not the lecturer's) and to inform your lecturer of who is in your group (this will be done on the Memo).
The President of EEC recently called a meeting to announce that one of the firm's largest suppliers of component parts has approached EEC about a possible purchase of the supplier. The President has requested that you and your staff analyze the fe..
Why might it be important to have internal documents produced as an output of the accounting information system?
Partners bob and don have agreed to share profits and losses in an 80:20 ratio respectively, after bob is allowed a salary allowance of $140,000 and don is allowed a salary allowance of $70,000. if the partnership had net income of $140,000 for 20..
Doug just received a settlement from a lawsuit that pays him $125,000 immediately, followed by amounts of $125,000 at the end of each year over the next 10 years with one exception - lawyer fees reduce the amount in Year 3 to $75,000. However, the la..
the control environment reflects the companys attitude awareness and actions of management and the board concerning the
How is the budgetary cushion calculated, and why should a governmental entity maintain such a cushion?
MacKenzie-Rabb, Inc., is a Texas-based manufacturer and distributor of components and replacement parts for the auto, machinery, farm, and construc- tion equipment industries.
a company has preferred stock that can be sold for 28 per share. the preferred stock pays an annual dividend of 5 based
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