The main purpose of concurrent engineering is to improve product quality. True or False

VashaNatasha [74]

Patience and controlling , tense

3 0

3 years ago

Marco Manager supervises three employees at a bank. Several times over the last three months, money has been missing from a spec

kykrilka [37]

Answer:

The ethical dilemma that Marco Manager is facing having to choose between trying to keep an existing friendship (at least he believes that they are friends) or doing the right thing as a manager, which would involve investigating why the money is missing and most certainly firing the employee.

8 0

3 years ago

It is January 1 of Year 2. Purchases for Yosef Company for January, February, and March are forecasted to be as follows: January

xeze [42]

Answer:

$412,000

Explanation:

1. Cash Purchases:

The total purchases in the month of March is of $500,000.

It is given that 20% of Purchases are for cash.

Hence, 20% of $500,000 would be;

$500,000 x 0.20

$100,000

2. Credit Purchases:

(i) Month of Purchase:

The remaining amount for the month of purchase to be paid is 30% of the remaining amount after Cash Purchases during March. Hence, for March remaining payment is;

$500,000 - $100,000

$400,000

Hence 30% of $400,000 would be;

$400,000 x 0.30

$120,000

(ii) Following Month:

The following month payment to be included for month of March Cash Payment would be for the previous month which is February and will be calculated as follows;

20% of $400,000

$80,000

Following Month cash payment for the month of February, to be included in the month of March Cash Payment, will be calculated as follows;

$400,000 - $80,000

$320,000

Hence, 50% of $320,000 would be;

$320,000 x 0.50

$160,000

(iii) Second Month:

The Second month payment to be included for month of March Cash Payment would be for the month of January will be calculated as follows;

20% of $200,000

$40,000

Second Month cash payment for the month of January, to be included in the month of March Cash Payment, will be calculated as follows;

$200,000 - $40,000

$160,000

Hence 20% of $160,000 would be;

$32,000

(3) CASH PAYMENT for PURCHASES in MARCH:

Cash Purchases = $100,000

Credit Purchases = Month of Purchase + Following Month + Second Month

Credit Purchases = $120,000 + $160,000 + $32,000

Credit Purchases = $312,000

Hence;

Cash Payment for purchases in March = Cash Purchases + Credit Purchases

Cash Payment for purchases in March = $100,000 + $312,000

Cash Payment for Purchases in March = $412,000

3 0

4 years ago

The following were selected from among the transactions completed by Babcock Company during November of the current year. Babcoc

scZoUnD [109]

Answer:

3 Purchased merchandise on account from Moonlight Co., list price $89,000, trade discount 30%, terms FOB destination, 2/10, n/30.

Dr Merchandise inventory 61,054

Cr Accounts payable - Moonlight Co. 61,054

4 Sold merchandise for cash, $38,210. The cost of the goods sold was $20,810.

Dr Cash 38,210

Cr Sales revenue 38,210

Dr Cost of goods sold 20,810

Cr Merchandise inventory 20,810

5 Purchased merchandise on account from Papoose Creek Co., $51,550, terms FOB shipping point, 2/10, n/30, with prepaid freight of $730 added to the invoice.

Dr Merchandise inventory 50,533.60

Cr Accounts payable - Papoose Creek 50,533.60

6 Returned $14,000 ($20,000 list price less trade discount of 30%) of merchandise purchased on November 3 from Moonlight Co.

Dr Accounts payable - Moonlight Co. 13,720

Cr Merchandise inventory 13,720

8 Sold merchandise on account to Quinn Co., $15,010 with terms n/15. The cost of the goods sold was $10,190.

Dr Accounts receivable - Quinn Co. 15,010

Cr Sales revenue 15,010

Dr Cost of goods sold 10,190

Cr Merchandise inventory 10,190

13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6.

Dr Accounts payable - Moonlight Co. 47,334

Cr Cash 47,334

14 Sold merchandise on VISA, $231,570. The cost of the goods sold was $142,060.

Dr Accounts receivable - VISA 231,570

Cr Sales revenue 231,570

Dr Cost of goods sold 142,060

Cr 142,060

15 Paid Papoose Creek Co. on account for purchase of November 5.

Dr Accounts payable - Papoose Creek 50,533.60

Cr Cash 50,533.60

23 Received cash on account from sale of November 8 to Quinn Co.

Dr Cash 15,010

Cr Accounts receivable - Quinn Co. 15,010

24 Sold merchandise on account to Rabel Co., $54,800, terms 1/10, n/30. The cost of the goods sold was $33,850.

Dr Accounts receivable - Rabel Co. 54,252

Cr Sales revenue 54,252

Dr Cost of goods sold 33,850

Cr Merchandise inventory 33,850

28 Paid VISA service fee of $3,580.

Dr Credit card expense 3,580

Dr Cash 227,990

Cr Accounts receivable - VISA 231,570

When credit card payments are not immediate, you must first record an accounts receivable. The credit card expense fee must be recorded when the cash is deposited by the credit card company.

30 Paid Quinn Co. a cash refund of $6,420 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,140.

Dr Sales returns and allowances 6,420

Cr Cash 6,420

Dr Merchandise inventory 3,140

Cr Cost of goods sold 3,140

3 0

3 years ago

Maria is a high school senior. She wants to go to the local community college and become a nurse. Her grades are average, but sh

Fantom [35]

Answer: She could apply for Need Based Scholarships and Federal Grants

Explanation:

Maria could apply for a Need Based Scholarship. These are scholarships that are garnered towards lower income households that would otherwise be unable to fund a college education. These scholarships aim to bridge the Economic gap in the society. An example of one is the National High School Scholars Fee Waiver Program.

Another option could be Federal Grants. The Federal Government of the United States of America, offers financial help such as the Pell Grant to college students who would otherwise be unable to attend given their family's economic status . These Federal Grants have been very helpful and one can get the process started by filling out and submitting a Free Application for Federal Student Aid (FAFSA) form.

It is worthy of note that both of these options are steadily becoming more competitive as the number of people in need of them keep rising. Maria should therefore try her best to improve her grades or get involved in extra-curricular activities that would improve her eligibility.

6 0

3 years ago