Answer:
The Journal entry are as follows:
(i) On May 31,
Miscellaneous Expense A/c Dr. $50
To cash A/c $50
(To record bank service charges)
(ii) On May 31,
Supplies A/c Dr. $18
To cash A/c $18
(To record difference in recording)
Workings:
Supplies = $97 - $79
= $18
Answer:
a) 46.7, 80 b) 20, 60 c) yes
Explanation:
a) % utilization= utilization/design capacity × 100
= 7/15 × 100
= 46.7%
% efficiency= efficiency/design capacity × 100
= 12/15 × 100
=80%
b) Utilization= 2/10 × 100 = 20%
Efficiency= 6/10 × 100= 60%
c) A system with higher efficiency ratios will always have higher utilization as these systems will have lesses number of failures
Answer:
Fifo means First in First out
CP SP
S # 1012 June 1 DVD $113 $161
S# 1045 Nov 1 DVD $ 95 $ 161
Ss # 1056 Nov 30 DVD $ 88 $ 161
Cost of Goods Sold ( using FIFO) = $ 113+ $ 95= $ 208
Weighted average method = Opening inventory + Purchases (amount)/ Units
Weighted Average Method CGS= $ 296/3= $ 98.6= $ 99
The specific identification method would allow to record the prices individually. this method is better in this scenario because the balance sheet would record only the left out balance . the item is removed immediately as soon as the item is sold.
To minimise earnings FIFO is used because the inventory at the beginning has more cost price
To maximise earning LIFO is used because the inventory at the end has less cost price.
I recommend LIFO and specific identification method as both would get desired results. LIFO would give maximum profit and specific would be better in meeting the customers specific needs
<u>Answer:</u>
Business management is dealing with the coordination and association of business exercises. This usually incorporates the generation of materials, cash, and machines, and includes both advancement and promoting. The management is responsible for sorting out for arranging, controlling, and coordinating the business' assets so they can meet the targets of the approach.
Business Management Tactics are characterized as exercises that observe the business models that were distinguished in the organization's approaches. They put into impact business assignments and plans so they can meet the objectives that have been organized.
Answer:
B. Merger.
Explanation:
According to the given situation when two organization work together to establish a new organization for a purpose or we can say that for the benefit of the organization that is known as merger.
Merger basically may be defined as it is the mixture of two things, mainly of an organization.
Therefore the as per the above explanation the correct answer is B. Merger.