Answer:
Explanation:
The journal entries are shown below:
On March 12:
Service fee expense A/c Dr $10,000
To Accounts payable $10,000
(Being purchase of service is recorded)
On March 31:
Accounts payable A/c Dr $10,000
To Cash A/c $10,000
(Being cash payment is made)
Answer:
b) Direct materials price.
Explanation:
The purchasing manager would be associated to the quantity purchased and for the purchase price it is bought.
Therefore, labor variances are not his consideration.
And also in material variances we know, direct material quantity variance is calculated for the quantity <em>used</em> in production and not the quantity purchased, although the later is dealt by purchase manager the former relates to production manager.
Purchase manager is responsible and concentrates on the price at which the direct material is bought.
Thus, the correct option is
b) Direct materials price.
Answer:
The correct answer is True.
Explanation:
It is known as total quality management to a business management strategy that consists of the study and assessment of the concept of quality in each of the phases of a production process. The purpose is the constant improvement of goods and services offered and the achievement of greater customer satisfaction. Another way to understand this concept is as a mechanism for studying and monitoring the processes and human work of a firm.
The denomination of total is understandable from the perspective that the quality required and evaluated in the strategy includes both the different levels and elements of a company and the human group that works in it. That is, the search for quality prevails in each of the different organizational processes.
Answer:
What proportion should she invest in the risky portfolio, P, and what proportion in the risk-free asset?
W1: Risky Porfolio = 17%
W2: Risk Free Asset = 83%
E(Rp): Rate of Return: 6%
E(Rp) = W1 *R1 + W2*R2
E(Rp) = 17%*16% + 83%*4% = 6%
Explanation:
To find the proportion of investment on each assets it''s necessary to applied the following equation:
E(Rp) = W1 *R1 + W2*R2
To find W2 we define it as (1-w1) and then then the equation it's solved.
Where :
E(Rp) = Expected Return
W1 : Proportion of Risky Portfolio
R1 : Expected return of Risky Portfolio
W2: Proportion of Risk Free Asset
R2 : Expected return of Risk Free Asset