Problem-solving team are known to be people or members of a team from the same department that's involved in efforts to improve work activities. Danielle belongs to a problem solving team.
Members of a problem solving team often share ideas or offer suggestions on how work processes and methods can be improved.
Problem solving is is a vital part of business. It is said as working through difficulties and overcoming challenges. It entails finding solutions helps us to excel and advance forward.
It is known to help company understand the right approach to problem solving and also to work smarter.
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Answer:
RecRoom Equipment Company
Date Particulars Debit Credit
1Nov Note Receivable $ 13,200
Account Receivable $ 13,200
RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.
31 December Interest Receivable $ 924
Interest Revenue $ 924
To record the accrued interest earned. $13,200*7%= $ 924. As it is for two months the amount would be $ (924/12)*2= $ 154
1 May Cash $ 13,662
Interest Income $ 462
Notes Receivable $ 13,200
RecRoom receives the interest on the note's maturity date. RecRoom receives the principal on the note's maturity date.
Daily grinds inventory value = coffee maker with timer value x n units + coffee maker without timer in x n units
where:
coffee maker with timer value = $35000
coffee maker without timer = $10000
n= 5 units each
Daily grinds coffee maker inventory value = ($35000 x 5)+( $10000 x 5)
= $225000
Answer:
True
Explanation:
<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
</em>
Equivalent units = Degree of work done(%) × units of inventory
Equivalent units
<em>Direct material:</em>
Balance of work = 100-80 = 20%
Equivalent of work to be added = 20% × 40,000 = 8,000
<em>Labour</em>
Balance of work = 100-50= 50%
Equivalent of work to be added =50% × 40,000 = 20,000 units
<em>Equivalent of work to be added(units)</em>
Material 8000
Labour 20,000
Answer:
C. Scenario Analysis.
Explanation:
As Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales price, and the cost estimates. The type of analysis that Jamie is doing is best described as scenario analysis. Scenario analysis is basically conducted to know to estimate the unfavorable events development in the market and within the firm as well. It is applied to know about the worst possible situation which can happen and how it can effect the market as well as organization.
