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hoa [83]
3 years ago
12

Wholesome Cuisine, a frozen foods company, decides to create a new mail order meal division, focused on offering delicious food

that is also healthy and easy to prepare. Wholesome Cuisine forms a team of nutritionists, chefs, food critics, and packaging engineers who work together to develop easy-to-prepare meals that are healthy, balanced, and tasty. Which step in the product development process does this scenario best describe?
Business
1 answer:
emmasim [6.3K]3 years ago
3 0

Answer:

Idea development

Explanation:

At the idea development stage, the company just decides to appraise and investigate whether the innovative idea is feasible and that will it generate value for the company in the long term. Furthermore, the idea is just a theoretical information that just sounds good for the business future and there is further investigation pending to appraise it.

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On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The ra
EleoNora [17]

Answer:

Nov 11

Dr Cash 7,875

Cr To Sale 7,875

Nov. 11

Dr Cost of Goods Sold 2,100

Cr To Inventory 2,100

Nov. 30

Dr Warranty Expenses 630

Cr To Warranty Liability 630

Dec. 9

Dr Warranty Liability 300

Cr To Inventory 300

Dec. 16

Dr Cash 16,500

Cr To Sales 16,500

Dec. 16

Dr Cost of Goods Sold 4,400

Cr To Inventory 4,400

Dec. 29

Dr Warranty Liability 600

Cr To Inventory 600

Dec. 31

Dr Warranty Expenses 1,320

Cr To Warranty Liability 1,320

1.b Journal Entries for 2017

Jan 5

Dr Cash 11,250

Cr To Sales 11,250

Jan 5

Dr Cost of goods sold 3,000

Cr To Inventory 3,000

Jan 17

Dr Warranty Liability 1,000

Cr To Inventory 1,000

Jan 31

Dr Warranty Expenses 900

Cr To Warranty Liability 900

2)a. Warranty Expenses= $630

2b. Warranty Expenses= $1,320

3). Warranty Expenses= $900

4). Estimated Warranty Liability Account $1,050

5). Estimated Warranty liability account $900

Explanation:

Preparation of the Journal entries for Lobo Co

Journal Entries for 2016 for Lobo Co

Nov 11

Dr Cash 7,875

Cr To Sale 7,875

Nov. 11

Dr Cost of Goods Sold 2,100

Cr To Inventory (20*$105) 2,100

Nov. 30

Dr Warranty Expenses 630

($7,875*8%)

Cr To Warranty Liability 630

Dec. 9

Dr Warranty Liability 300

(15*$20)

Cr To Inventory 300

Dec. 16

Dr Cash 16,500

Cr To Sales 16,500

Dec. 16

Dr Cost of Goods Sold 4,400

Cr To Inventory 4,400

(220 * $20)

Dec. 29

Dr Warranty Liability 600

(30*$20)

Cr To Inventory 600

Dec. 31

Dr Warranty Expenses 1,320

($16,500*8%)

Cr To Warranty Liability 1,320

1.b Journal Entries for 2017

Jan 5

Dr Cash 11,250

Cr To Sales 11,250

Jan 5

Dr Cost of goods sold 3,000

(150*$15)

Cr To Inventory 3,000

Jan 17

Dr Warranty Liability 1,000

(50*$20)

Cr To Inventory 1,000

Jan 31

Dr Warranty Expenses 900

(11,250*8%)

Cr To Warranty Liability 900

2)a. Warranty Expenses for Nov. 2016

Warranty Expenses= $7,875*8%

Warranty Expenses= $630

2b. Warranty Expenses for Dec. 2016

Warranty Expenses= $16500*8%

Warranty Expenses= $1,320

3). Warranty Expenses for Jan. 2017

Warranty Expenses= $11,250*8%

Warranty Expenses= $900

4). Estimated Warranty Liability Account as on Dec. 31, 2016

Estimated Warranty Liability Account= $630 + $1,320 - $300 - $600

Estimated Warranty Liability Account= $1950- $900

Estimated Warranty Liability Account= $1,050

5). Estimated Warranty liability account as on Jan. 31, 2017

Estimated Warranty liability account = $1,050 + $900 - $1,050

Estimated Warranty liability account= $900

7 0
4 years ago
GIVING BRAINLIEST Which of the following scenarios would be most likely to cause a small bank to be less willing to loan money t
Butoxors [25]
The answer is if the bank cannot make profit on the loan
Yw
6 0
3 years ago
At the least a channel of distribution consists of a producer and a(n) ________.
olga55 [171]

At the least a channel of distribution firms consists of a producer and a customer. They are consumers when they use the products that have been produced, the products that have been produced, the products that have been produced.

Producer markets: To make a profit, producers purchase things and services, change them into marketable products, and then sell those products to customers. Farmers, factories, and construction firms are some examples of producers. A producer is in charge of discovering and starting a project, securing funding, employing writers, directors, and other important members of the creative team, and supervising every stage of pre-production, production, and post-production up to release.

To learn more about producer, click here.

brainly.com/question/14616889

#SPJ4

6 0
1 year ago
Just do from 5 to 8. Thanks a bunch. Also no incomplete answers or reported. Also, I need this like in 7 hours
kicyunya [14]

Answer:

Could you be more clear!?

Explanation:

4 0
2 years ago
1. Idea 1:
tiny-mole [99]

Answer:

Steps to Solving the Problems With Your Problem Solving

Step 1: Pin the Problem. Clearly define the issue at hand. ...

Step 2: Identify the Issues. Start breaking down the problem into subcomponents. ...

Step 3: Generate Hypotheses and Prioritize Proving Them. ...

Step 4: Conduct Your Analysis. ...

Step 5: Advance Your Answer

8 0
3 years ago
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