A logistics manager ordering parts wants to choose a mode of transportation

Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i

Alisiya [41]

Answer and Explanation:

The journal entries are shown below:

1. Inventory $1,800

Accounts Payable $1,800

(Being purchased on account)

2. Inventory $50

To Cash $50

(being freight paid)

3. Accounts Payable $51

To Inventory $51

(being the returned calculator is recorded)

4. Accounts Receivable $670

To Sales Revenues $670

(Being sales is recorded)

5. Cost of Goods Sold $460

To Inventory $460

(Being cost of goods sold is recorded)

6. Sales returns $40

To Accounts Receivable $40

(being sales return is recorded)

7. Inventory $28.20

To Cost of Goods Sold $28.20

(Being cost return is recorded)

8. Accounts Receivable $780

To Sales Revenues $780

(Being the sales is recorded)

9. Cost of Goods Sold $560

To Inventory $560

(Being the cost of goods sold is recorded)

5 0

3 years ago

Business head Brent wants to categorize items under the Challenge, Risk, and Reward headings for his IS implementation presentat

Savatey [412]

Answer:

Challenge

Quality Issues
Lack of Documentation

Risk

Loss of Confidentiality
System Unavailability

Reward

Increased Quality
Reduced Cycle

Explanation:

A challenge is something that test you and your business. The are temporary obstacles that you have to surpass in order to be successful.

Business Risk means the possibility of loss or any adverse condition that may severely damage the organization's ability to achieve its goals and objectives.

Reward means a positive outcome that has happened because of productive decision making and effective management.

7 0

3 years ago

Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor

Damm [24]

Answer:

Labor productivity in units per labor hour for Deluxe car = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 0.24 per hour

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = $128.69

Explanation:

Note: This question is not complete and its data are merged together. The complete question with the sorted data is therefore provided before answering the question as follows:

Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below.

QUANTITY $/UNIT

Deluxe car 3,655 units sold $7,700/car

Limited car 5,850 units sold $9,200/car

Labor, Deluxe 19,000 hours $15/hour

Labor, Limited 24,600 hours $17/hour

What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.)

The explanation of the answers is now provided as follows:

For each type of car, the following formulae can be used:

Labor productivity in units per labor hour = Units sold / Labor hours ……. (1)

Labor productivity in dollar of output per dollar of labor expense = (Units sold * Price per car) / (Labor hours / Labor rate per hour) ……………. (2)

Using equation (1), we have:

Labor productivity in units per labor hour for Deluxe car = 3,655 / 19,000 = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 5,850 / 24,600 = 0.24 per hour

Using equation (2), we have:

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = (3,655 * $7,700) / (19,000 * $15) = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = (5,850 * $9,200) / (24,600 * $17) = $128.69

These can be translated into a table as follows:

Labor Productivity

Units/hour Dollars

Deluxe Car 0.19/hour $98.75

Limited Car 0.24/hour $128.69

5 0

3 years ago

In 2020, HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account bal

Ray Of Light [21]

Answer:

The income tax expense for 2021 income statement is $101 million as computed in the explanation section below.

Explanation:

The income tax expense in the year 2021 is the income taxes payable while adding the reduction in deferred tax asset or deducting the increase in deferred tax asset plus the portion of the current deferred tax asset not realizable using the applicable tax rate as found below:

Income tax payable $90 million

deduct;increase in deferred tax asset($170-$130) ($40 million)

Add;unrealized deferred tax asset($170*30%) $51 million

Income tax expense for 2021 income statement $101 million

6 0

3 years ago

You receive five annual cash flows of $10,000 with the first cash flow being received today and the last cash flow occurring 4 y

ivanzaharov [21]

Answer:

FV= $75,437.02

Explanation:

Giving the following information:

Number of cash flows= 5

Cash flow= $10,000

Total number of periods= 10 years

Interest rate= 6% compounded annually

First, we need to calculate the future value of the 5 cash flows in 5 years using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {10,000*[(1.06^5) - 1]} / 0.06

FV= $56,370.93

Now, the value at the end of 10 years:

FV= PV*(1+i)^n

FV= 56,370.93*(1.06^5)

FV= $75,437.02

7 0

3 years ago