<h3>
Explanation:</h3><h3>Part (a):</h3>
Solved part is attached as an image.
<h3>
Part (b):</h3>
Let us first determine the amount required of each item to produce 1 bracket.
From the attached diagram, we can see that to manufacture 1 bracket, quantity of each item needed is,
Base = 1
Spring = 2
Clamp = 1 + 4 = 5
Housing = 2
Handle = (1 * 1) + (4 * 1) = 5
Casting = (1 * 1) + (4 * 1) = 5
Bearing = 2 * 2 = 4
Shaft = 2 * 1 = 2
Hence, for 50 Brackets, quantity of each item required will be,
Base = 1 * 50 = 50
Spring = 2 * 50 = 100
Clamp = 5 * 50 = 250
Housing = 2 * 50 = 100
Handle = 5 * 50 = 250
Casting = 5 * 50 = 250
Bearing = 4 * 50 = 200
Shaft = 2 * 50 = 100
<em>NOTE: The above quantities give exclusive quantities required for each item. In actual practice, we won't have to purchase base, clamp & housing separately as the will be assembled from their components which are already procured.</em>
<h3>Part (c):</h3>
As 25 bases are already in stock, parts for them will not be needed. I will refer the quantities subtracted due to this by indicating (B). Similarly, quantities subtracted due to clamps will be indicated as (C).
Base = 50 - 25 = 25
Spring = 50
Clamp = 250 - 100 - 25(B) = 125
Housing = 100 - (2*25)(B) = 50
Handle = 1 * 125 = 125
Casting = 1 * 125 = 125
Bearing = 2 * 50 = 100
Shaft = 1 * 50 = 50
Answer:
Sep 6 Debit inventory $ 1740, Credit Accounts payable $1740
Sep 9 Debit inventory $40 , Credit freight expense $40
Sep 10 Debit Accounts payable $56, Credit inventory $56
Sep 12 Debit Accounts receivable $650, Credit Revenues $650
Debit Cost of Sales $450, Credit Inventory $450
Sep 14 Debit Sales return $45, Credit Accounts Receivable $45
Debit Inventory $34, Credit Cost of sales $34
Sep 20 Debit Accounts receivable $730, Credit Revenues $730
Debit Cost of Sales $560 , Credit Inventory $560
Explanation:
The Question is incomplete but its nature shows that it requires journal entries for The Sep month transactions.
Answer:
The correct answer is B
Explanation:
The company’s cash flow from operating activities for the year 2019 is computed as follows;
Net income $200,000
Add:
Depreciation 35,000
Amortization of patent 10,000
loss on the sale of equipment 5,000
Total cash provided by operating activities $250,000
*Depreciation expense, amortization expense and loss on sale on equipment are all non cash transaction which cause a decrease on net income. Thus if we want to know the actual cash activities for the year, we have to add it back to the Net income to arrive the correct answer.
In order to have competition in a market economy, there must be at least 2 or more sellers acting independently in a particular market.
<h3>What is
competition in a market economy?</h3>
competition in a market economy serves as one that allows multiple individuals as well as businesses to use resources efficiently as well as producing the cheapest products without compromising quality.
It should be noted that In order to have competition in a market economy, there must be at least 2 or more sellers acting independently in a particular market.
Learn more about competition at:
brainly.com/question/9698922
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