Answer:
Debit : Supplies Expense $2,000
Credit : Supplies $2,000
Explanation:
The adjusting journal entry to be made at the end of the period should reflect the usage of supplies.
Supplies used = Opening Balance + Purchases - Inventory Balance
therefore,
Supplies used = $1,500 + $800 - $300
= $2,000
A Debit to Expense Account - Supplies Expense and A Credit to Asset Account - Supplies must be made to depict the usage of supplies.
Answer:
hi you didn't list out the options but from your question the answer should be :
Manny role should be that of an Investor
Explanation:
Been an investor in a business doesn't require having experience in management. it largely requires having capital to invest and probably have a good network of potential investors/partners. due diligence on already existing businesses can help Manny know what kind of business to invest in.
Answer:
Explanation to this Answer is explained below in detail.
Explanation:
There is always a need to have an important control upon the decisions that we have in the business setup. Informed decision making is very necessary for business. People use different decision setups designed to help in the manufacturing process and most often come up with very fruitful decisions.
Describe one of the variables associated with risk tolerance:
One of the cultural factors associated with risk tolerance may be the threshold for when we can make decisions that are not detrimental to the cultural view of groups. We need to carefully consider our employees and make sure that our decisions are not too objective. Cultural-emotional bias can lead to decisions that can damage brand ownership throughout the business. This is very dangerous and detrimental for any company, so it is necessary to limit decisions and their consequences in terms of cultural sense to avoid any losses.
Describe one of the variables associated with internal/external locus of control:
The internal locust of control is the kind of person who is the best fit for all the jobs. So it is obvious that this person has some control over others. But there are some do's and don'ts for such kind of person as well. Such as, he has to communicate with almost everyone in the workplace. So, he must ensure neutrality in all aspects of other people with whom he is working. Such aspects are religion, race, caste. society etc. and his humor must not harm the emotions of anyone in the workplace.
Why are these important factors to consider?
In order to run business smoothly with maximum profits and best workforce and the best workplace. Effective decision making is the key to go. Hence, these variables are very important to achieve the effective business decision making in the long term.
Answer:
The annual inventory carrying cost of the safety stock = $594
Explanation:
Given that:
The average daily demand (d) = 50 units / day
The lead time (LT) = 20 days
The combined standard deviation of demand lead time = 20 units.
The item cost = $75
The inventory carrying cost = 24% of the item cost
i.e. (24/100) × 75 = $18 of the item cost
Let assume that the management of the company wants to offer a service level of 95%.
Then the z-value that relates to 95% confidence interval level = 1.65
So; the safety stock relating to the 95% service level =
= 1.65 × 20
= 33 units
Now:
The annual inventory carrying cost of the safety stock = Safety stock × Inventory carrying cost.
= 33 × $18
= $594