Answer:
c. Debit Rent Expense, $2,500; Credit Prepaid Rent, $2,500
Explanation:
When the company pays $10,000 for four months of advance rent, it records the prepaid rent in an asset account named Prepaid Rent. The resulting journal entry is:
(Dr) Prepaid Rent, $10,000
(Cr) Cash, $10,000
With the passing of each month, the company <em>expires</em> one-fourth (1/4) of the prepaid rent expense (or $2,500), essentially reclassifying the expense from prepaid to expired. Therefore, after one month, the resulting journal entry is:
(Dr) Rent Expense, $2,500
(Cr) Prepaid Rent, $2,500
Answer:
The direct materials flexible budget variance for ammonia is $7,000 Unfavorable
Explanation:
In order to calculate the direct materials flexible budget variance for ammonia first we need to Calculate Direct Material Price Variance as follos:
Direct Material Price Variance = Actual Material Purchased(Actual Rate - Standard Rate)
Direct Material Price Variance = 1,400 * ($1.50 - $1.00)
= $700 (Unfavorable)
Therefore, in order to calculate the Direct Material Flexible Budget Variance we would have to use the folloiwng formula:
Direct Material Flexible Budget Variance = Direct Material Price Variance + Direct Material Quantity Variance
Flexible Budget Variance for Ammonia = $700 (U) + $6,300 (U)
= $7,000 (Unfavorable)
The direct materials flexible budget variance for ammonia is $7,000 Unfavorable
Answer:
Explanation:
Given that:
weekly demand = 72 units
no of weeks in 1 year = 48
Then; total demand = 72 × 48 = 3456 units
No of orders = 
= 
∴
The periodic review (P) = 
= 
= 0.041956 year
≅ 2 weeks
Z score based on 88 percent service level = NORMSINV(0.88) = 1.18
Here;
Lead time = 3 wks
P = 2 weeks
Thus protection interval = ( 3+2) weeks
= 5 weeks
Safety stock = z-score × std dev. of demand at (P+L) days
std dev = 
= 2.236 × 18
std dev = 40.248 units
Safety stock = 1.18 × 40.248
safety stock = 47.49 units
Safety stock ≅ 48 units
Average demand during(P + L) = 5 × 72 units
= 360 units
Target inventory level = average demand + safety stock
= 360 units + 48 units
= 408 units
Opportunity cost refers to the alternative forgone.
This question is incomplete because the text is missing; here is the missing part:
Text 1
1. Remove the back cover, using a small screwdriver to loosen the screw
2. Remove batteries and replace with two new AAA batteries. use the + and - signs to position correctly. dispose of used batteries properly.
3. Replace the cover and tighten the screw with the screwdriver
4. Reset the time using the side buttons
The GMX 200 is guaranteed to keep time accurately for one full year from date of purchase should it malfunction in any way during this time period, your money will be refunded in full.
The correct answer to this question is C. The users will get full refund if there is malfunction during the guarantee period.
Explanation:
This text provides instructions to change the battery in a GMX 200, which can be inferred it is a clock or similar device. This text explains the different steps users need to follow to change batteries. Moreover, in the last section of the text, it is clarified if there is any failure during the first year, which is the guaranteed time "your money will be refunded in full". According to this, it can be inferred during this time any malfunction implies the user gets a complete refund (option C.)
