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Ann [662]
3 years ago
5

Lee jeans meets customer demand by sending computer requests from stores to the manufacturing departments as jeans sell out in s

tores. lee's manufacturing department then pulls in raw materials, such as cloth and thread, from suppliers as it needs them. this information indicates that lee uses ________. computer-aided-materials management (camm) traditional mass production six sigma strategy for managing quality of the products computer-aided designing (cad)
Business
1 answer:
ikadub [295]3 years ago
8 0
<span>computer-aided-materials management (camm) Let's look at the available choices and see which one make sense. computer-aided-materials management (camm) - This sounds correct. Lee is managing their inventory using the assistance of a computer. traditional mass production - This doesn't make sense. If Lee were using traditional mass production, Lee wouldn't have any need to get requests from stores prior to producing new jeans. So this is the wrong answer. six sigma strategy for managing quality of the products - This is a standard for quality. Since quality isn't mentioned anywhere in the original problem, this is obviously a red herring and hence the wrong answer. computer-aided designing (cad) - Do you see anything in the problem description about designing new jeans? I know I didn't. So this is also the wrong answer.</span>
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On Mar 3, Lyons Company paid dividends of $1,000. Use your knowledge of what a correct journal entry should look like to identif
uysha [10]

Answer:

Debit : Dividend $1,000

Credit : Cash $1,000

Explanation:

The Journal entry to record dividend payment include a Debit to Dividend Account and a Credit to Cash Account to depict the outflow of cash.

8 0
3 years ago
Karla Tanner opens a web consulting business called Linkworks and recorded the following transactions in its first month of oper
Amiraneli [1.4K]

Answer:

a) On April 2, the company prepaid $9,000 cash for twelve months' rent for office space.

Step 1:

Prepaid rent $9,000

Step 2:

Prepaid rent $9,000 - $750 = $8,250

Step 3:

Dr Rent expense 750

    Cr Prepaid rent 750

b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy; the policy's coverage began on April 1.

Step 1:

Prepaid insurance $2,400

Step 2:

Prepaid rent $2,400 - $200 = $2,200

Step 3:

Dr Insurance expense 200

    Cr Prepaid expenses 200

c) Office supplies on hand as of April 30 total $1,200.

Step 1:

Office supplies $3,600 + $600 = $4,200

Step 2:

Office supplies $4,200 - $3,000 = $1,200

Step 3:

Dr Office supplies expense 3,000

    Cr Office supplies 3,000

d) Straight-line depreciation of office equipment, based on a 5-year life and a $4,000 salvage value, is $500 per month.

Step 1:

Office equipment $26,000 + $8,000 = $34,000

Step 2:

Office supplies $34,000 - $500 = $33,500

Step 3:

Dr Depreciation expense 500

    Cr Accumulated depreciation - equipment 500

e) The company has completed work for a client, but has not yet billed the $1,800 fee.

Step 1:

Service revenue $4,000 + $6,000 + $2,890 = $12,890

Step 2:

Service revenue $12,890 + $1,800 = $14,690

Step 3:

Dr Accrued receivable 1,800

    Cr Service revenue 1,800

f) Wages due to employees, but not yet paid, as of April 30 total $2,600.

Step 1:

Wages expense $0

Step 2:

Wages expense $0 + $2,600 = $2,600

Step 3:

Dr Wages expense 2,600

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3 0
3 years ago
15.2 Calculating Flotation Costs: The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley received $
Marina CMI [18]

Answer:

23.16%

Explanation:

net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500

total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000

flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%

4 0
3 years ago
If the price falls by 50% and the quantity demanded falls by 25%, find cross price elasticity of demand
Rashid [163]
Simply divide the percentage change in the quantity demand with the percentage change in price, giving you a positive value of 0.5. This shows that it is inelastic and the two goods are substitutes to each other.
6 0
3 years ago
When firms in a perfectly competitive market face the same costs, in the long run they must be operating a. under diseconomies o
ella [17]

Answer:

d. where price is equal to average fixed cost.

Explanation:

Firms involved in a perfectly competitive market face the same cost, <em>they will theoretically make zero profit on the long run.</em> This happen at the point where price is equal to average fixed cost.

7 0
3 years ago
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