Answer:
cool
Explanation:
coooooooooooooooooooooooooooool
Answer:
Credit to Prepaid insurance for $400 and Debit to Insurance expense for $400
Explanation:
The journal entry is given below:
Insurance expense ($4800 × 1 ÷ 12) $400
Prepaid Insurance $400
(To record insurance expense)
Here the insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets
Answer:
A.) 270 units (b.) Increase
Explanation:
Given the following :
Annual demand (A) = 2870
Working days = 205
Review period (P) = 16 working days
Lead time (L) = 2 working days
Standard deviation (σ) = 6 per working day
Service probability = 76%
Therefore, z = NORMSINV(0.76) = 0.71
Average demand (D) = 2870 / 205 = 14
Optimum target level, (S) is given by the relation:
D×(P+L) + z×σ×√(P+L)
14×(16+2) + 0.71×6×√(16+2)
(14×18) + 4.26 × √18
252 + 4.26*4.242
252 + 18.07
= 270.07 units = 270 units
B) If service probability increases to 97%, Z will automatically increase, hence a corresponding increase in the optimal target level.
A long-term competitive advantage that is not easily to duplicate or surpassable by the competitors.
it allows the firm to earn excess returns for its shareholders.
Indicators that the local currency is also the functional currency include all of the following except the parent typically provides the financing or provides a guarantee.
A functional currency is one that is utilized in the main economic setting in which a company conducts business. This is the setting in which an entity generates and spends money most frequently. When defining the functional currency of an entity, the following key considerations should be taken into account:
The principal currency influencing retail prices (usually the currency in which prices are denominated and settled).
The money of the nation whose laws and competition have the biggest impact on retail pricing.
The principal currency affecting labor expenses and other costs of goods sold (usually the currency in which prices are denominated and settled).
The currency in which an entity keeps its operating receipts and the currency in which debt and equity instruments are issued are less important deciding factors.
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