Answer:
E. BACBACBACB
Explanation:
The lean philosophy was originated from manufacturing practices but has grown to cover all aspects of an organization. The philosophy discourages waste by encouraging efficiency which is directed at continuous improvement for the goal of creating value for the customer. In the example above, applying lean philosophy, we would pick the last option since this reduces waste of inventory by making sure that the product with the highest demand comes first; therefore we sequence as per demand rate under lean philosophy to reduce waste and increase efficiency.
Answer:
efficiency variance
Explanation:
When standard direct labor hours differ from actual direct labor hours used, the company experienced an "efficiency varaiance". It can be used in order to analyze how effective an operation is in relation to labor, materials, machine time and other production factors.
Efficiency variance is actually the difference which exists between the theoretical amount of inputs which are needed to produce an output and the actual number of inputs which are required to manufacture the unit of output.
Answer:
D. $3,500
Explanation:
we must focus on the result of the year and the dividends paid, since these decrease the <u>Retained Earnings</u>
Cash flow has no impact and the insurance of stock is within the result of the year
2019, income was 1200 less dividends allocated
200
<u>Retained Earnings</u>= 1000
2020 result of 500 without dividend distribution
<u>Retained Earnings</u>= 500
2021 result of 2300 and distribution of dividends by 300
<u>Retained Earnings</u>= 2000
<u>Total Retained Earnings</u>= 3500
The complete question is:
When a magazine company collects cash for selling a subscription, it is an example of:
1. A deferred revenue transaction
2. An accrued receivable transaction
3. A prepaid expense transaction
4. An accrued liability transaction
Answer:
A deferred revenue transaction.
Explanation:
In this scenario the magazine company has collected cash for a subscription. Subscriptions are payments that are made to gain access to a certain service. Take for example if a subscription has to be paid to a company to access their website for information. The cash has been collected but service is to be provided in the future. When service is not yet provided and payment is collected it is referred to as deferred revenue.
This is because the service has not yet been performed so revenue is not yet earned. When service is provided then the revenue is recognised.
