Answer:
profit margin is 16.0 %
gross profit rate is 39.6 %
Explanation:
given data
net sales = $248,700
cost of goods sold = $146,900
operating expenses = $58,000
net income = $39,900
beginning total assets = $473,900
ending total assets of $635,400
to find out
profit margin and gross profit rate
solution
we will apply here profit margin formula that is
profit margin = 
..............1
put here value
profit margin = 
profit margin = 16.04 = 16.0 %
and
gross profit rate formula is
gross profit rate = 
..............2
put here value
gross profit rate = 
gross profit rate is 39.72 = 39.6 %
Answer:
$45
Explanation:
A surplus is when income exceeds expenses.
One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.
Average payments per week = $615
Total earning per week =$615 x 51
=$31,365
The total expenses for the year were $31,320. The surplus amount will be income minus expenses
= $31,365 - $31,320
=$45
Answer:
Elton mayo should be the answer
FMEA can be implemented at a bioproduction facility following the list of 7 steps which includes different parameters to look for.
Lonza harnessed FMEA priciples earnestly to shift cell therapy works to its centre of excellence and thus utilise New Hampshire unit for clinical and manufacturing purpose.
Explanation:
FMEA or Failure Mode or Effects Analysis is a certified way to analyse and address any sort of problem or changes before the occurrence of the event itself. FMEA can be implemented very easily in the bioproduction facility using the following mentioned steps-
- Need to select a process which is to be analysed.
- Group the team facilitator and its members.
- Provide a complete description of the process.
- Identify all the potential zones of failures.
- Sort the problem which is to be worked on.
- Design and later implement appropriate changes to reduce the problems.
- Quantify your changes and the success of the process.
Lonza’s facility at New Hampshire is one of the largest employment providers of the city. Recently the group was involved in specific problems such as sterility with cell therapy. Previously it had an FDA encounter too due to its biologic’s operation. Hence through FMEA, the group decided to allot its gene therapy work to its excellence centres elsewhere and New Hampshire would be involved in doing the works of clinical and manufacturing sites.
Answer:
The entry will be:
May 3
Dr Allowances for doubtful debt 3,700
Cr Account Receivable 3,700
(to record written-off of receivables)
Explanation:
As the company uses the allowance method of accounting for uncollectible accounts, the company would actively review and book bad debt expenses for any debt in doubt of collection. The entry would be: Dr Bad Debt Expenses & Cr Allowance for doubtful debt.
When there is sufficient evidences that these debts go default, no more expenses will be recorded, instead, the account receivable will be written off ( Cr) with the offsetting entry is Dr Allowance for doubtful debt.
