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Tems11 [23]
3 years ago
14

Suppose from the first step of candy bar manufacture (formation of nougat) to the final step (packaging) each candy bar spends e

xactly 1.25 hours in the process. The company is producing just enough to meet their demand of 20,000 candy bars per hour. How many candy bars are in process, on average? (just enter a number with no punctuation or anything else in your answer, not even commas for large numbers)
Business
1 answer:
noname [10]3 years ago
4 0

Answer:

25,000

Explanation:

Given that,

Time taken from first step to final step, cycle time = 1.25 hours

Demand for candy bars = 20,000

Throughput time = 20,000 candy bars per hour

Candies in process is work in progress:

= cycle time × Throughput time

= 1.25 hours × 20,000 candy bars per hour

= 25,000

Therefore,

25,000 candy bars are in process, on average.

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Supply is the total quantity of a specific good and service that are available to the consumers in the market while demand is the amount or quantity of goods and services that consumers are able and willing to buy in the market. Equilibrium point is the point at which the demand curve meets the supply curve such that the quantity demanded is equal to the quantity supplied. Therefore, at this point prices in the market will be at equilibrium (equilibrium price) which are not too high or too low. 
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3 years ago
The journal entry for the collection of the notes is A. Debit Cash 4,000; Credit Accounts Receivable 4,000 B. Debit Cash 3,018;
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Answer:

The correct answer is B. Debit Cash 3,018; Credit Notes Receivable 3,000, Credit Interest Revenue 18

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Debit Cash                                        $3,018

Credit Note receivable                   $3,000

Credit Interest receivable                     $18

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Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the notes is calculated as: Principal x Interest Rate x Time

You can use the formula above to arrive at the interest revenue as: $3,000 x Interest rate%/12 x No of months = $18.

Note that the company can accrue for the interest revenue on a monthly basis and not necessarily wait till collection period before recognizing it. Monthly interest revenue recognition would be:

Debit Interest receivable                    $XXX

Credit Interest revenue                      $XXX

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