Leading,Controlling/Measuring Evaluating and Correcting. ,Planning,and Organizing
"Periodic inspection relates to weekly or monthly inspections; 100% inspection applies to tasks that are critical to mission safety; contractor metrics rely on the contractor’s quality control; third party audits are used to inspect services that handle government funds; and customer feedback is related to random customer complaints" is correct
Explanation:
While regular inspections can be subjected to weekly or monthly schedules, the project protection is not a concern, and 100% inspection is therefore carried out.
With regards to the indicators of the contractor, the dependence on the quality assurance of the contractor is beneficial, as in the context of adequate oversight, although government funding is vital of itself, third-party accountants are involved to prevent some bias and a representative sample of customer complaints is necessary in the case of the customer's input to examine the performance widely
Answer:
0.7 and 0.3
Explanation:
Data provided in the question
Awarded bonus value = $3,0000
Spending amount on a new living room = $2,100
So by considering the above information , the MPC and MPS is
As we know that
MPC = change in Consumption spending ÷ change in income
= $2,100 ÷ $3,000
= 0.7
And, the
MPC + MPS = 1
0.7 + MPS = 1
So, the MPS is 0.3
Explanation:
The journal entries are as follows
On December 31, 2020
Cost of goods sold $24,650
To Allowance for reduction in inventory to NRV $24,650
(Being the cost of goods sold is recorded)
It is computed below:
= $379,880 - $355,230
= $24,650
On December 31, 2021
Allowance for reduction in inventory to NRV $3,640
To Cost of goods sold $3,640
(Being the allowance for reduction is recorded)
It is computed below:
= $24,650 - ($445,440 - $424,430)
= $24,650 - $21,010
= $3,640