The member of the trust board would owe his/her fiduciary responsibility to the community of Hershey.
Milton S. Hershey was the creator of the company, hence the very reason you would be in this position right now. As such, the legacy of Mr. Hershey would affect your thinking such that you act in the best interests of the company to allow it to grow further and larger, as this is what its founder would have wanted.
Answer:
d. Debit Accounts Payable, credit Purchase Returns and Allowances
Explanation:
When merchandise is purchased, the entries required are
Debit Inventories
Credit Cash/ Accounts payable
Depending on whether cash was paid or the purchase was done on accounts. When a return of the purchased items is done, a reversal of the entries posted earlier is done by;
Debit Cash/Accounts Payable
Credit Inventory
To recognize the return of merchandise purchased earlier. However, the inventory ledger usually has a subledger for tracking returns. This is known as the purchase return subledger/account and as such, that is where the credit entry goes to when a return is made.
Answer:
Balance in Prepaid insurance as of December 31 is $18,750
Explanation:
<em> </em>Computation of Prepaid Insurance
Insurance 1 ($34,200 * 6/18) $11,400
Insurance 2 ($14,700 * 12/24) <u>$7,350 </u>
Total Prepaid Insurance <u>$18,750</u>
Buffer of inventory can absorb variations in flow rates by acting as a source of supply for a downstream step.
<h3>
What is a buffer?</h3>
- In manufacturing, a buffer is used to account for fluctuations in the production process. Consider a buffer as a means to guarantee that your production line will continue to function normally even if unexpected circumstances arise.
- Having enough supplies on hand to ensure smooth operations is one example of a buffer in manufacturing. To help stabilize any fluctuations they encounter with their supply and demand chains, production capabilities, and lead times, manufacturers will often keep inventories of the raw materials and supplies needed for production on hand, as well as occasionally inventories of finished goods awaiting shipment.
- Without the proper buffers, manufacturing procedures may sluggish, which would result in more costs and lower profitability.
To know more about buffer with the given link
brainly.com/question/19093015
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Johana is at "Supervisory Management" level.
The theory suggests three levels which are:
<span>1)
</span>Supervisory Management where a person has high technical
and human skills but low conceptual skills which is the case with Johana.
<span>2)
</span>Middle Management where a person possesses high human skills but
medium technical and conceptual skills.
<span>3)
</span><span>Top Management
where an individual is high in human and
conceptual skills but low in technical skills. </span>
