In a monopolistically competitive market

Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are

Schach [20]

Answer: b.

Explanation:

4 0

3 years ago

Reineke Company's chart of accounts includes the following selected accounts.

Bogdan [553]

Answer:

Reineke Company

Journal Entries:

Oct. 1 Debit 120 Inventory $310

Credit 101 Cash $310

To record the purchase of merchandise via check no. 63

Oct. 3 Debit 157 Equipment, $840

Credit 101 Cash $840

To record the purchase of equipment via check no. 64

Oct. 5 Debit 201 Accounts payable (Uggla Company) $2,500

Credit Cash $2,450

Credit Cash Discounts $50

To record payment on account, less 2% discount, check no. 65

Oct. 10 Debit 120 Inventory $2,270

Credit 101 Cash $2,270

To record the purchase of inventory via check no. 66.

Oct. 15 Debit 201 Accounts payable (Rosenthal Co.) $1,770

Credit 101 Cash $1,770

To record the payment on account by check no. 67.

Oct. 16 Debit 306 Owner's Drawings $450

Credit 101 Cash $450

To record C. Sheridan's payment for his personal insurance premium of $450, check no. 68.

Oct. 19 Debit 201 Accounts payable (Orr Co.) $2,200

Credit 101 Cash $2,156

Credit Cash Discounts $44

To record full payment for invoice no. 610, less 2% cash discount, using check no. 69.

Oct. 29 Debit 201 Accounts payable (Clevenger Company) $2,580

Credit 101 Cash $2,580

To record full payment for invoice no. 264, by check no. 70.

Explanation:

a) Data and Calculations:

Chart of Accounts:

101 Cash

120 Inventory

130 Prepaid insurance

157 Equipment

201 Account payable

306 Owner's drawings

505 Cost of Goods sold

Accounts Payable balances:

Uggla Company $2,500

Orr Co. $2,510

Rosenthal Co. $1,770

Clevenger Company $3,750

Transactions Analysis:

Oct. 1 120 Inventory $310 101 Cash $310 check no. 63

Oct. 3 157 Equipment, $840 101 Cash $840 check no. 64

Oct. 5 201 Accounts payable (Uggla Company) $2,500 101 Cash $2,450 Cash Discounts $50, less 2% discount, check no. 65

Oct. 10 120 Inventory $2,270 101 Cash $2,270 check no. 66, $2,270.

Oct. 15 201 Accounts payable (Rosenthal Co.) $1,770 101 Cash $1,770, check no. 67.

Oct. 16 306 Owner's Drawings $450 101 Cash $450 for his personal insurance premium of $450, check no. 68.

Oct. 19 201 Accounts payable (Orr Co.) $2,200 101 Cash $2,156 Cash Discounts $44 for invoice no. 610, $2,200 less 2% cash discount, check no. 69, $2,156.00.

Oct. 29 201 Accounts payable (Clevenger Company) $2,580 101 Cash $2,580 for invoice no. 264, $2,580, check no. 70.

6 0

3 years ago

The United States, with some limited government actions and individual ownership, is

PtichkaEL [24]

Answer:

mixed is the right ans of this

8 0

3 years ago

A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that

AlexFokin [52]

Answer:

There are 5 questions altogether, so the answers and explanations are below.

Explanation:

QUESTION 1

Whenever the packaging process is under control, package weight is normally distributed with mean of 20 ounces and standard deviation of 2 ounces. This makes the true mean lie between 18 and 22 [subtract 2 from 20 and add 2 to 20].

For Monday, the mean is the addition of the values then divided by 4. That is, 92/4 = 23

For Tuesday, same computation follows. We have 84/4 = 21

For Wednesday, 80/4 = 20

For Thursday, 76/4 = 19

For Friday, 80/4 = 20

For the packaging process to be out of control, the mean weight for that day of the week must be outside the interval.

The answer is option (A) Monday because the mean weight for that day exceeds the upper limit of 22 ounces.

QUESTION 2

Accordingly, he sampled 4 units of output from each machine.

We will find the mean of the output units from each machine.

M1 : (17+15+15+17) ÷ 4 = 64/4 = 16

M2 : 84 ÷ 4 = 21

M3 : 92 ÷ 4 = 23

The correct answer is option (A) Machine Number 1 because the process mean for that machine is outside the control limit specified. The value 16 is below the lower limit value of 16.71.

QUESTION 3

It is the same as question 2 BUT we are to find the estimate of the process mean for whenever it is under control.

The interval given [16.71 - 23.29] represents the interval within which the process means for machines which are 'under-control' will fall. Hence the estimate of the process mean for whenever the machines are under control is:

(23.29 + 16.71) ÷ 2 = 40/2 = 20

The correct option is (C) 20

QUESTION 4

Specification requires that the piece of material be between 52.47 and 55.53 inches.

The process that produces the piece of material yields an interval of [53.1 - 54.9].

This is gotten from the subtraction of the standard deviation/error from the process mean of 54 and adding the standard error to the process mean of 54.

The answer is option (E) None of the above. This is because the correct answer is 100%. All pieces produced by the process fall within 53.1 and 54.9 inches and this interval falls rightly within the required specification of [52.47 - 55.53] inches.

QUESTION 5

Here, process mean interval is same as the required interval. Subtracting the standard deviation from the process mean and adding it to the process mean, we get our lower limit and upper limit respectively. The distribution of output is also normal.

Since the process is under/in control, it means that the 5 samples had sample means that are within the required interval.

So, since distribution of output (mean) is Normal, 85.01% of the sample means will fall within the middle values of 85.01% of the interval.

The interval spans 1.6 points or inches. This is the distance or difference between the upper and lower limits.

85.01% of 1.6 is 1.36016

We will divide this interval into two so we can get our new standard deviation and subtract it from 59, as well as add it to 59, to get the new interval within which 85.01% of sample means will fall.

1.36016 ÷ 2 = 0.68008

So the new lower limit is 58.31992

New upper limit = 59.68008

Correct answer is Option (E) None of the above

85.01% of sample means will fall within [58.31992 - 59.68008]

If approximated to 3 decimal places as in the options given above, 85.01% of sample means will fall within [58.320 - 59.680] inches.

GOOD LUCK!!

6 0

3 years ago

The U.S. experience of strong economic growth, full employment, and price stability in the late 1990s and early 2000s can be exp

ss7ja [257]

The strong economic growth , full employment, and price stability in the late 1990s and early 2000s in U.S. can be explained by "rightward shift of aggregate demand and a leftward shift of aggregate supply".

<h3>What is rightward shift of aggregate demand and a leftward shift of aggregate supply?</h3>

The rightward shift and leftward shift according to aggregate demand curve are-

As the components of aggregate demand—consumption spending, investment spending, government spending, and spending on exports minus imports—increase, the aggregate demand curve moves to the right.
As the cost of essential inputs increases, the aggregate supply curve moves to the left, creating the potential for reduced output, increased unemployment, and higher inflation. Stagflation is the term used to describe an economy that is both experiencing slow growth and high inflation.

he possible reason for the surge of economic growth are-

Therefore, the possible causes of the economic boom include the fact that oil prices were exceptionally low in the mid to late 1990s (the lowest levels since the post-World War II boom), which would have decreased the cost of transportation and manufacturing and boosted economic growth.

To know more about aggregate demand curve, here

brainly.com/question/17118208

#SPJ4

4 0

2 years ago