Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
Answer:
True. The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation:
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
<u>Solution and Explanation:</u>
P-chart to be used
Center line = total number of errors/(no of samples*sample size) = 40/(20*80) = 0.025 = p-bar
standard deviation = sqrt((p-bar*(1-p-bar))/sample size) = = sqrt ((0.025*(1-0.025))/80) = 0.017
UCL = p-bar + z*standard deviation = 0.025 plus 3 multiply 0.0174553 = 0.0773659
LCL = p-bar - z*standard deviation = 0.025 minus 3 mulitply 0.0174553 = -0.0273659 = 0 (Adjusted)
Defect proportion of sample 1 = 5/80 = 0.0625
Defect proportion of sample 2 = 8/80 = 0.1
Defect proportion of sample 3 = 6/80 = 0.075
The process is not in control as Defect proportion of sample 2 is not within the control limits
Answer:
c. No; the facts of this situation do not provide reasonable grounds for a stop and search. Any attempt to do so by store security could result in a claim of false imprisonment.
Explanation:
According to the situation described in the question above, store security has no right to stop and search for Jeff. Therefore, the letter c is the most correct answer to this question.
Jeff's actions in the store do not provide sufficient reasons for there to be any kind of stop and research, as the facts in the situation do not provide enough information about an illegal act, so if store security forces a situation there could be legal damage to the store .
Therefore, it is essential that stores adopt a theft prevention strategy, with an effective security system and a team prepared to carry out correct approaches.