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sertanlavr [38]
3 years ago
9

Owners of business firms are the only people who need accounting information. Group of answer choices False True

Business
1 answer:
alexdok [17]3 years ago
7 0

Answer:

False

Explanation:

There are basically two users who are needed the accounting information

1. External users: The internal users are the users who are outside the business entity. It comprises of suppliers, customers, government agencies, investors, financial institution, etc

2. Internal users: The internal users are the users who are inside the business entity. It comprises of owners, employees, managers. etc

Therefore, all the kind of users are needed the accounting information

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As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly
ioda

Answer:

A)Minimum = 0.2 minutes

Maximum = 4.6 minutes

Cycle time = = 2 minutes per unit

B) Number of Stations = 3

D) the percentage of idle time for the assignment in decimal = 0.43

Explanation:

A) Operating output = 240 units per 8hours.

Converting to per hour, we get; 240/8 = 30 units per hour.

Minimum cycle time = longest task time

Maximum cycle time = sum of task times

Minimum = 0.2 minutes

Maximum = 0.2 + 0.4 + 0.2 + 0.4 + 1.2 + 1.2 + 1.0 = 4.6 minutes

Now, operational time(OT) is 8 hours a day. Converting that to minutes, we have =60x8 = 480 minutes

Cycle time(CT) = OT (per day) /desired output

Therefore, calculated cycle time = 480/240

= 2 minutes per unit

B) Number of stations = Maximum time / CT

= 4.6/2 = 2.3 which is approximately 3 stations

C) The task diagram is drawn in image 1 attached. Therefore, we can assign tasks based in the greatest number of following tasks as follows;

Task Number of following tasks

a 4

b 3

c 2

d 2

e 1

f 1

g 0

D) for the idle time from the assigned tasks in "c" above, from the "image 2" attached; the percentage of the idle time will be=

Total remaining time of tasks without remaining feasibility tasks/ {(number of these tasks) x(CT)}

Which gives percentage of idle time = (0.8 + 0.8 + 0.8 + 1.0)/{(4)x(2)}

= 3.4/8 = 42.5%

Since we are to convert to decimal,

= 0.425 approximately 0.43

4 0
3 years ago
On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabi
Montano1993 [528]

Answer:

Windsor, Inc.

1. Income Statement for the month of June:

Service revenue                                   $ 7,730

Supplies expense                  1,100

Maintenance and

 repairs expense                    700

Advertising expense              400

Utilities expense                    200

Salaries & wages expense 1,630

Total expenses                                   $4,030

Net income                                         $3,700

2. Statement of Retained Earnings for the month of June:

Net income                                         $3,700

Dividends paid                                      1,720

Retained earnings                              $1,980

3. Balance Sheet as at June 30, 2017:

Assets:

Current Assets:

Cash                                    $ 4,830  

Accounts receivable              4,470

Supplies                                 2,300   $11,600

Long-term assets:

Equipment                                          26,230

Total assets                                      $37,830

Liabilities + Equity:

Liabilities

Current Liabilities:

Accounts payable                                  $970

Long-term liabilities:

Notes payable                                     12,460

Total liabilities                                   $13,430

Equity:

Common  Stock              $22,420

Retained Earnings               1,980  $24,400

Total liabilities + Equity                   $37,830

Explanation:

a) Data and Calculations:

Trial Balance as of June 30, 2017:

Accounts Titles                     Debit      Credit

Cash                                    $ 4,830  

Accounts receivable              4,470

Supplies                                 2,300

Equipment                           26,230

Notes payable                                   $12,460

Accounts payable                                    970

Service revenue                                    7,730

Supplies expense                  1,100

Maintenance and

 repairs expense                    700

Advertising expense              400

Utilities expense                    200

Salaries & wages expense 1,630

Dividends paid                    1,720

Common stock                                  22,420

Totals                             $43,580    $43,580

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