Answer:
1.89%
Explanation:
The book value of the merchandise is $178,000
Physical inventory reveals stock is worth $169,000
The shrinkage = $178,000 - $169,000
=$9000
As a percentage of sales, the shrinkage will be
=$9000/$476,000 x 100
=0.0189076 x 100
=1.89%
Answer:
$6,625,000
Explanation:
Direct material $1,323,600
Direct labor. $1,680,000
Total factory overhead. $3,544,200
Add: Opening work in process inventory $455,300
Less: Closing work in process inventory ($378,100)
Costs of goods manufactured $6,625,000
Answer:
The journal entry is shown below:
Explanation:
According to the scenario, the journal entries for the given data are as follows:
Petty cash A/c Dr $236
To Cash A/c $236
(Being establishment of the fund is recorded )
Office supplies A/c Dr $94
Misc. Expense A/c Dr $89
Cash Over / Short Dr $22 ( $236 - $31 - $89 - $94)
To Cash A/c $205 ( $236 - $31)
(Being Reimbursement of the fund is recorded)
Answer: Option (C)
Explanation:
SWOT analysis is defined as or referred to as a strategic planning process that is used in order to help an individual or a company identify the strengths, opportunities, weaknesses, and threats that are related to their business competition or the project they are planning. It is mostly intended in order to specify objectives of a business project or venture and thus identify external and internal factors which are unfavorable and favorable in order to achieve these objectives.
