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Lapatulllka [165]
3 years ago
10

Find at least three implicit modelling assumptions or other qualitative factors which are relevant but not covered by the model.

(e.g., all workers are assumed to have the same efficiency – Do not reuse this!)
Home Improvement Store (ACME)

Employee

Scheduling Problem

(
Business
1 answer:
laiz [17]3 years ago
4 0

Answer and Explanation:

For Home Improvement Store (Acme) following are the implicit modelling assumptions or other qualitative factors which are relevant but not covered by the model:

1)Average customer footfall is considered at all times.

2)Seasonal effects are not considered. For example, boost in sales during festival times.

3)Employee absenteeism is not considered. i.e. all employees are expected to be present always.

4)Location is not considered to affect the change in scheduling activity.

5)Wages are considered to be uniform throughout and not affect employee performance.

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The petty cash fund of the Brooks Agency is established at $150. At the end of the current period, the fund contained $28 and ha
Digiron [165]

Answer:

(a) Debit Petty cash account for $150; and Credit Bank for $150.

(b) Debit Petty cash account for $122; and Credit Bank for $122.

The correct options are:

a. Fund amount is being reduced.

c. Fund is being eliminated.

Explanation:

(a) Prepare journal entries to record establishment of the fund.

The journal entry will look as follows:

<u>Details                                      Debit ($)          Credit ($)  </u>

Petty cash account                     150

Bank                                                                        150

<em><u>(To record petty cash fund establishment.)                     </u></em>

(b) Prepare journal entries to record reimbursement of the fund at the end of the current period.

Since the fund contained $28 at the end of the current period, we have:

Amount to reimburse = entertainment + postage + printing = $70 + $30 + $22 = $122

The journal entry will now look as follows:

<u>Details                                      Debit ($)          Credit ($)   </u>

Petty cash account                      122

Bank                                                                      122

<u><em>(To record petty cash fund reimbursement.)                      </em></u>

c. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry.

The correct options are:

a. Fund amount is being reduced.

c. Fund is being eliminated.

This is because they both in indicate outflows from the petty cash fund.

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3 years ago
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3 years ago
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4 years ago
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Which is NOT a good question to ask during an​ interview? A. What are the​ job's main​ responsibilities? B. How long of a lunch
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B because it doesn’t reflect very well on yourself or attitude towards motivation to work.
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4 years ago
Improving business processes by reengineering them, benchmarking specific activities against industry leaders, encouraging emplo
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Answer: (C) Piecemeal productivity improvements

Explanation:

The piecemeal productivity improvement is one of the type of business strategy that is used by various types of successful organization for the purpose of improving the productivity of an employees, the business process and also managing all bench-marking activities in an organization.

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  Therefore, Option (C) is correct answer.

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3 years ago
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