Answer: Create bill with product/service items > pay bills
-Create expense with product / service items
Explanation:
Here's the complete question:
Stacy wants to be able to run reports in QuickBooks online that will tell her which vendors provide the best prices on the products she sells. Which two Vendor workflows will enable her to create a report with his data?
QuickBook is an accounting software typically used by small and medium sized businesses which typically perform payroll functions, accept business payments, and pay bills.
Based on the scenario in the question, the vendor workflows that will enable her to create a report with his data include:
• Create bill with product/service items > pay bills
• Create expense with product / service items
Harold Manufacturing produces denim clothing. This year, it produced 5,230 denim jackets at a manufacturing cost of $41.00 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets.
1. Jackets can be sold to a second-hand clothing shop for $7.00 each.
2. Jackets can be disassembled at a cost of $32,000 and sold to a recycler for $13.00 each.
3.
Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,230 jackets into only 3,100 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $103,000, but the jackets can then be sold for their regular price of $45.00 each.
Required:
1.
Calculate the incremental income.
Alternative 1 Sell to a second-hand shop Alternative 2 Disassemble and sell to a recycler Alternative 3 Rework and sell at regular prices
Incremental revenue
Incremental costs
Incremental income
Answer:
the best option is number 1, sell the jackets to a secondhand store at $7 will yield $36,610 in profits
Explanation:
the previous manufacturing costs can be considered sunk costs because they cannot be recovered, so we must analyze the options to determine which one yields the highest profit.
option 1
sell 5,230 jackets to secondhand stores at $7 each, profit = $36,610
option 2
disassemble the jackets and sell them at $12 each, profit = $67,990 - $32,000 (disassembling costs) = $35,990
option 3
rework the jackets, profit = ($45 x 3,100) - $103,000 = $36,500
the best option is number 1, sell the jackets to a secondhand store at $7 will yield $36,610 in profits
Lee purchased stock with an initial share price of $32, and sold it when the share price was $50. While he owned the stock, he earned $2 in dividends. What was his total percentage return on the investment
Answer: 66.7%
Explanation:
His return on the stock is;
= (New price - Old price + dividends) / Old price
= (50 - 32 + 2) / 32
= 20/ 32
= 66.7%