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1 year ago

What is the primary purpose of ABC's T.R.A.C.E. program?

1 answer:

4 0

The primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.

<h3>What is the ABC's TRACE program?</h3>

The program involves a protocol that allows first responders to respond immediately by notifying ABC when an incident involves a person under 21 and an alcoholic beverage that results in great bodily injury or death.

Hence, the primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.

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Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a

anzhelika [568]

Answer:

April 2

Merchandise $6,200 (debit)

Accounts Payable : Lyon Company $6,200 (credit)

Purchase of Merchandise on credit from Lyon Company (FOB)

April 3

Accounts Payable : Lyon Company $200 (debit)

Cash $200 (credit)

Payment of Shipping Costs included in the Invoice

April 4

Accounts Payable : Lyon Company $450 (debit)

Merchandise $450 (credit)

Return of unacceptable merchandise to Lyon Company

April 17

Accounts Payable : Lyon Company $5,550 (debit)

Discount Received $111 (credit)

Cash $5,439 (credit)

Settlement of Account with supplier and recognition of discount received

April 18

Merchandise $11,700 (debit)

Accounts Payable : Frist Corp $11,700 (credit)

Purchase of Merchandise on credit from Frist Corp (FOB)

April 21

Accounts Payable : Frist Corp $500 (debit)

Merchandise $500 (credit)

Allowance received from supplier (Frist Corp)

Explanation:

There is some missing transactions for the dates closer to end of April.

However the rest of the journals and their narrations have been prepared. This will help with completing the rest of the transactions.

See journals above.

6 0

2 years ago

When companies follow the key factors of Corporate Social Responsibility, a __________ usually results, thus __________.

KengaRu [80]

Answer:

positive public image, attracting more customers

Explanation:

7 0

2 years ago

Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process. Work in process inventor

____ [38]

Answer:

(a) Total units for January = 14,200

Total units for May = 23,260

(b). Conversion cost for :

January = 13,053

March = 13,660

May = 21,688

July = 11,212

Explanation:

As per the data given in the question,

Jan. May

Units to be accounted for

Beginning WIP 0 0

Started into production 14,200 23,260

Total number units 14,200 23,260

Units accounted for

Transferred out 11,100 15,400

Ending WIP 3,100 7,860

Total units 14200 15400

We can calculate the conversion cost by using following formula:

Conversion cost = Transferred out unit + (Work in process unit × conversion cost)

Material Conversion cost

Jan. 14,200 13,053 (11,100 + 3,100 × 63%)

Mar. 15,700 13,660 (12,300 + 3,400 × 40%)

May 23,260 21,688 (15,400 + 7,860 × 80%)

July 12,400 11,212 (10,200 + 2,200 × 46%)

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2 years ago

Macroeconomic equilibrium occurs when aggregate supply and aggregate demand meet. what does this indicate about society?

givi [52]

This indicates that the society is using resources efficiently and effectively. This is because all economies tend to go towards the equilibrium and if they don't, that's bad for the economy.

8 0

3 years ago

What do you think of when you hear the words “product development”?

jasenka [17]

Answer: Product development is the complete process of delivering a new product or improving an existing one for customers. The customers can be external or internal within a company.The objective is to ensure that the new or enhanced product satisfies a real customer needs

Explanation:

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2 years ago