Answer:
$3,270
Explanation:
Inventory should be value at lower of cost and market value.
Bottles of CleanZ:
Cost of inventory = Bottles of CleanZ × Price per bottle
= 370 × $3
= $1,110
Market value of inventory:
= Bottles of CleanZ × Market value per bottle
= 370 × $3.20 per bottle
= $1,184
Lowest of cost and market value of inventory is $1,110.
Boxes of DyeZ:
Cost of inventory = Boxes of DyeZ × Price per box
= 270 × $10
= $2,700
Market value of inventory:
= Boxes of DyeZ × Market value per box
= 270 × $8 per box
= $2,160
Lowest of cost and market value of inventory is $2,160.
Therefore, the DyeZ. CurlZ should report its inventory at:
= Lowest of cost and market value of inventor for (CleanZ + DyeZ)
= $1,110 + $2,160
= $3,270
Answer:
The percentage decrease in utilization is 83.33%
Explanation:
According to the data, we have the following:
Coefficient of variance, m = 3
Arrival rate, ra = 45 per hour
Service rate, re = 18 per hour per lane
Therefore, in order to calculate the percentage decrease in utilization when one more checkout lane is added to the system, we have to use the following formula:
So, percentage decrease in utilization = ra / (m.re)
= 45 / (3*18) = 0.833
The percentage decrease in utilization is 83.33%
Answer:
B. Contingency
Explanation:
Contingency theory was proposed by Fred Edward Fiedler and it states that the success of a leader does not only depend on his abilities. It focuses on situational differences both between organizations and within an organization. It tries to match management practices with situational demands. It refers to the effort in determining the fit between the organization's characteristics and its tasks and the motivations of individuals.
Explanation:
The journal entry is shown below:
Unearned rent revenue Dr $1,250
To Rent revenue $1,250
(Being the unearned rent revenue is recorded)
The computation is shown below:
= Received amount ÷ number of months × given number of months
= $5,000 ÷ 2 months × 0.5 months
= $1,250
So it include a debit to unearned rent revenue for $1,250 and credit the rent revenue for $1,250