Answer:
Journal Entries
Dr. Cr.
Sale of Merchandise
a. Account Receivable $4,240
Sales $4,000
Sales Tax Payable $240
Cost of Goods Sold $2,360
Merchandise Inventory $2,360
b. Payment of Sales Tax
Sales tax Payable $42,110
Cash $42,110
Explanation:
Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.
Tax is paid and sales tax liability is reduced along with cash.
Answer:
TAKT time: 840 seconds
maximum output: 315 coolers.
Explanation:
The takt time refers to matching the production pace with the demand
To produce 30 coolers per 7-hours day we need an outpot of:
7 hours x 60 minutes x 60 seconds = 25,200
output of 30 coolers
takt: 25,200 / 30 = 840 seconds
producing a cooler every 840 seconds is the takt time.
Maximum output:
If the company does several cooler in parallel it will have a bottle neck in the longest individual task so, this time determinates the maximum output.
25,200 second of working time available
80 second longest task to complete a cooler:
25,200 / 80 = 315 coolers.
Answer: Affinity pattern
Explanation:
Data mining is when patterns are being discovered in large data. From the question, we are informed that Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service.
We are further told that while examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this
This shows that data mining has helped to find better ways to improve customer service has also led to the discovery of affinity pattern.
Answer:
D. Order the parties to arbitrate
Explanation:
Under an arbitration agreement, the parties to such a contract mutually agree to settling future disputes outside court.
Like every contract, such a contract is legally binding and the terms cannot be revoked by one of the parties later. The parties are bound by arbitration in such cases, as is mutually agreed initially.
As per the facts of the case, such an arbitration agreement has been entered into by Jan and Kyle, wherein it was mutually agreed to settle outside court, in the event of a dispute. When the said dispute arose, Jan filed a suit against Kyle.
In such a scenario, the court will likely D. Order the parties to arbitrate.
Answer: $200
Explanation:
From the information given, since the MPC is 0.75 and the change in GDP is $800, the change in the government spending will then be:
$800 = 1/(1 - 0.75) × ∆G
$800 = 1/0.25 × ∆G
$800 = 4 × ∆G
∆G = $800/4
∆G = $200
The government spending will be increased by $200
