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Phoenix [80]
4 years ago
9

Trent Automobiles Inc. was expecting a large shipment of scrap metal a week earlier. As the shipment did not arrive on time, the

supply manager at Trent Automobiles was forced to place another order for the same quantity of scrap metal from a local manufacturer._____________
Business
1 answer:
elena-s [515]4 years ago
8 0

Answer:

Lack of efficiency.

Explanation:

As Trent Automobiles Inc. was expecting a large shipment of scrap metal and due to the fact that it could not arrive on time, the only way to compensate the loss was to make an urgent order for same quantity of scrap metal from a local manufacturer, which led the company to compromise on the quality. If proper track was kept and all the upcoming scenarios had been calculated before hand with a ready substitute raw materials before hand, this would have been not the result. Thus, this indicates a complete lack of efficiency from the side of management of the company.

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Leading up to the signing of a contract with an integration clause, a buyer sent an e-mail to the seller of a beautiful, new $45
Soloha48 [4]

Answer: No, because of the integration clause

Explanation:

Based on the information given, the buyer isn't correct as a result of the integration clause.

The integration clause, is a clause in a written contract that stipulates that a particular contract is complete and that the parties involved agreed to the contract and it's final.

This contract supersedes every other informal understandings and all other oral agreements relating as well. Therefore, the buyer is liable for the cost of the boat.

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3 years ago
Tierney Company begins operations on April 1. Information from job cost sheets shows the following.
a_sh-v [17]

Answer:

April 30 Work in Process Inventory $11,200

May 31 Work in Process Inventory $22,300

June 30 Work in Process Inventory $11,100

Explanation:

Calculation for the balance in Work in Process Inventory at the end of each month

April 30 Work in Process Inventory=$6,200+$5,000

April 30 Work in Process Inventory=$11,200

May 31 Work in Process Inventory =$5,000+$ 4,700+$5,600+$7,000

May 31 Work in Process Inventory =$22,300

June 30 Work in Process Inventory= $7,000 + $4,100

June 30 Work in Process Inventory= $11,100

Therefore the balance in Work in Process Inventory at the end of each month will be :

April 30 Work in Process Inventory $11,200

May 31 Work in Process Inventory $22,300

June 30 Work in Process Inventory $11,100

6 0
3 years ago
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
eduard

Answer:

Detailed solution is given in tabular form in the end for better understanding.

3 0
3 years ago
Underlying most of the trade theories discussed is the notion that: Group of answer choices firms that establish a first-mover a
Varvara68 [4.7K]

Answer:

It usually makes sense for a firm to consolidate its productive activities in one country

Explanation:

There are several trade trade theories. Successful trade theories believe in unrestricted free trade, which does not allow government policies to exist.

Trade Theories includes;

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2. Modern theories

7 0
3 years ago
The ledger of Nash Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entri
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Answer:

Nash Rental Agency

The Journal General

Adjusting Entries

March 31

1. Depreciation Expense        $ 1848 Dr.

 Accumulated Depreciation   $ 1848 Cr.

1. The equipment depreciates $616 per month. $616 * 3=  $ 1848

   

Unearned Revenue      $ 2040

Revenue Earned               $ 2040

2. Half of the unearned rent revenue was earned during the quarter.

= 4080/2= $ 2040

3. Interest Expense  $220 Dr.

Interest Payable $ 220 Cr.

3. Interest of $880 is accrued on the notes payable.

Interest Payable $ 880/12 *3= $ 220

4. Supplies Expense $ 723  Dr.

Supplies  Account        $ 723 Cr.

4. Supplies on hand total $1,870. $ 2593- $ 1870= $ 723 Supplies were used.

5. Insurance Expenses   $ 2460 Dr.

Prepaid Insurance    $ 2460 Cr.

5. Insurance expires at the rate of $880 per month.

Insurance Expense $880*3= $2460 for the quarter

3 0
3 years ago
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