Answer:
cost of goods available for sale= $29,100
Explanation:
Giving the following information:
Sales Revenue$26,000
Beginning Finished Goods Inventory8,000
Ending Finished Goods Inventory13,500
Cost of Goods Manufactured15,600
cost of goods available for sale= beginning finished goods inventory + purchases
We have to find the amount of purchases.
We know that:
cost of goods manufactured= Beginning Finished Goods Inventory + purchases - Ending Finished Goods Inventory
15600= 8000 + purchases - 13500
purchases= 15600 - 8000 + 13500
purcases= 21,100
cost of goods available for sale= 8000 + 21100= $29,100
Answer:
Debit : Accounts Receivables : $695,800
Debit : Service Charge Expense : $14,200
Credit : Sales : $710,000
Explanation:
Factoring is a process by which a business sells its accounts receivables to a third party (factor) at a particular discount or service charge. Factoring generally occurs when a business wants to meet it’s immediate cash requirements. The factoring company in this case, charges 2% service fee of $710,000 accounts receivables. In monetary terms this is : 710,000 x 2% = $14,200. This amount would be an expense incurred by the business. The double entry to record this transaction in the books of the business is as follows:
Debit : Accounts Receivables : $695,800
Debit : Service Charge Expense : $14,200
Credit : Sales : $710,000
Answer:
a lender pays off your existing loans with a new one at a lower interest rate.
Explanation:
Answer:
Convenience Sampling
Explanation:
Since in the given case items are not selected randomly for sampling, neither any groups or clusters are created, this form of sampling is not random sampling or clustered sampling.
Sampling refers to the technique of arriving at a conclusion by selecting n number of items and the results obtained from observation of those selected n number of items shall be representative of the entire population.
There are two forms of sampling namely probability and non probability forms of sampling.
The quality control officer in this case applied convenience sampling wherein observations are chosen as per the availability and convenience. Likewise in the present case, first 100 mattresses which were manufactured were taken up for sampling.
This is a non probability form of sampling.
Answer:
10 days
Explanation:
The Critical Path Method is a method of managing activities in a project so as to maximize time. In the case of A, B and C activities, since they are connected with the same start-to-start and finish-to-finish, it means that the activities are linked and as such the duration of the project is 10 days since the last activity will take 10 days to finish.
The implication between SS and FF in the activities means that they start up at the same time in the CPM and while activity A ends at 5 days, C proceeds to 10 days.
