100% Inspection method is the quality control technique that attempts to keep errors from reaching the final customers.
100% inspection method is a quality control technique which involves assessing and looking at all the parts of a product.
This type of quality control is done to rule out flaws in products so that they do not reach to the customers.
This method is commonly used to evaluate the valuable metals and products.
When conducting the 100% inspection method data about the manufacturing process is required and software is also needed to analyze inventory of the products.
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Answer:
Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.
Explanation:
Closing Entries
a. Accounts Payable: No it is not closed to income summary account.
b. Advertising Expense: Yes it is closed to income summary account.
c. Cost of Merchandise Sold: Yes it is closed to income summary account.
d. Dividends : No these are closed To Retained Earnings Accounts.
e. Merchandise Inventory : Yes it is closed to income summary account
f. Sales Yes it is closed to income summary account
g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.
h. Supplies Expense: Yes it is closed to income summary account
i. Wages Payable: Not closed in the income summary account.
These are liabilities and included in the balance sheet.
He can make a motion for <span>a judgment not withstanding the verdict.
This motion can be use to render the decisions made by the jury during the trial. This require the judge to withstand the decision notwithstanding the jury findings and give enough time for the attorney and the team to plan the next move for baker.</span>
Answer:
1) See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) The scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
Explanation:
1) Using the above information, construct an Excel spreadsheet to prepare an analysis of the possible operating income for Classic Limo, Inc.
Note: See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose?
The scenario that would be chosen is the scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
Answer: They are personal consumption, business investment, government spending, and net exports.
Explanation: