I think it's beneficial because not only do you get a wide variety of ideas, you also get input from people who grew up with different backgrounds.
Starbucks uses a product development strategy when it announced the release of the single-serve coffee maker in its outlets at the United States. This is because they plan to offer a new product, which is an improvement to the existing coffee maker devices in the U.S. market.
Answer:
Cash inflows for the year is $14,369.00
Explanation:
Cash inflows in year comprise of the cash revenue and the portion on revenue on account(accounts receivable), received in the course of the year.
Cash revenue=$7,682
Cash collections in respect of accounts receivable= $6,687
Cash inflows during the year=$7,682+$6,687=$14,369.00
The balance yet to be collected and expected to be collected in year 2 is the difference between the cash collections and total accounts receivable
balance of accounts receivable =$12,117-$6,687=$5,430.00
Answer:
C. Pro Forma Income statement
Explanation:
Pro forma income statement is an estimated income statement. It is a projected income statement created by organizations aimed at preparing both forecast income which is money they hope to recieve and forecast expenditures which are money they expect to spend with considerations of various conditions like market, competition and so on for an estimated period. They are income statements that shows "what ifs" rather than the real income statement. By predicting sales level and so on, Mariana prepare a pro forma income statement.
Answer:
B) Debit work in process inventory $172,000
Credit Factory Wages Payable $172,000
Explanation:
Option A is not correct answer as the question is to record the production activities for direct labor usage instead of recording production and payment of wages. In option A, Wages payable is debited and cash is credited e.g. payment of wages is recorded and first step of recording production is missed.
Option B is the right answer as it appropriately records production activity for the month of June by debiting work in process inventory and crediting factory wages payable.
Option C is not correct answer as it is directly debiting cost of goods sold, which is debited at the time of sale of goods and goods are transferred from finished inventory to cost of goods sold.
Option D is not correct answer as it is directly crediting cash instead of recording payable. At the end of the month, production activities are recorded and payment entry is recorded at the time of payment depending on the Company policy to pay.
