Answer:
Corporate Philanthropy
Explanation:
According to my research on different business operations, I can say that based on the information provided within the question Quinbeck Inc. most likely engages in Corporate Philanthropy. This refers to the act of a business promoting the welfare of others, generally through charitable donations of funds or time. Which they would fall under this category since they donate 6% of their profits annually to an orphanage.
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Answer:
$143,600
Explanation:
Calculation for The total amount of cash expected to be received from customers in November
Junior Snacks
October credit sales collected $77,000
(55% *$140,000)
Add November credit salescollected $66,600
(45% * $148,000)
Total Cash collected in November$143,600
($77,000+$66,600)
Therefore the total amount of cash expected to be received from customers in November is: $143,600
Answer:
A mix hedge reduces levels of expensive FG inventory while slightly increasing component inventories.
A mix hedge is a planning technique which supports increased production flexibility
Explanation:
Hedging inventory implies a level of inventory that is kept to shield against unexpected event such as breakdown of machines,strikes,surge in demand for product or non-availability of raw materials due to disruption in supplier's business.
However, mix hedge is required to ensure the right of mix of inventories at every point in time so as to avoid investing more than required resources in inventory by keeping low volume of expensive items of inventory and at the same time increasing the number of inventories kept overall,such that risk associated with inventory can be shared by a number of items of inventory instead of a single line of inventory.
Answer:
False
Explanation:
Given that
Credit balance of income summary account = $6,800
Debit balance of Withdrawals account = $2,900
Since the credit balance of income summary denotes the net income for the particular period and the debit balance of the withdrawn amount reflects that it is to be shown in the retained earning statement
The journal entry would be
Income summary A/c Dr $6,800
To Retained earning $6,800
(Being the difference is credited to retained earning)
