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miskamm [114]
3 years ago
5

Which of the following is correct?

Business
1 answer:
Alex17521 [72]3 years ago
4 0

Answer:

The correct answer is b) "The greater the degree of product variation, the greater is the excess capacity problem."

Explanation:

Excess capacity means that the demand for a stock is less than the quantity that the company probably could provide to the market.

  • The greater the degree of product variation, the greater is the excess capacity problem.
  • A lower scale of output than it has been designed for creates an excess of capacity.

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During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assistant controller, discovered t
Andrews [41]

Answer:

Joel is behaving in a totally unprofessional & unethical manner

Explanation:

As assistant controller, Joel Kimmel's job specification & responsibility includes financial statement preparation & combination, putting of internal controls in place, detailed analysis & reporting of cost variance, acts as the go-between with external auditors amongst other such responsibilities.

As such, when Joel discovered the cost discrepancy during the reconciliation, it was actually his responsibility to call the bank's attention to the variance. This is something that clearly falls under his job specification & can be considered as neglect of duty. Joel's decision defeats the very purpose of bank reconciliation, which is to correct any such discrepancy & to the ensure the rectification of transactions. Most importantly, the decision Joel plans to take is very unethical & is against standard accounting practices

We can therefore, say that Joel's decision is thoroughly unethical & unprofessional

5 0
3 years ago
Read 2 more answers
At the beginning of the​ month, supplies were $ 6 comma 000. During the​ month, $ 7 comma 000 of supplies were purchased. At​ mo
Lena [83]

Answer:

Adjusting Entry

Cost of goods sold (Dr.) $11,000

Beginning Inventory (Cr.) $6,000

Purchases (Cr.)   $5,000

Closing Entry

Ending Inventory (Dr.)  $2,000

Income Summary (Cr.)         $2,000

Explanation:

The adjusting entry is made by debiting cost of goods sold account which reflects the amount of inventory sold during the month and the entry is credited by beginning inventory of $6,000 and the remaining amount which is $5,000 is credited in purchases account.

The closing entry is made by debiting the ending inventory by the amount of $2,000 and Income Summary account is credited by the same amount to close the inventory account.

6 0
3 years ago
23 divided by 33<br><img src="https://tex.z-dn.net/?f=23%20%5Cdiv%20335" id="TexFormula1" title="23 \div 335" alt="23 \div 335"
xxMikexx [17]

23/33=0.6969697

23/335=0.06865672

4 0
3 years ago
You find some public records about customer satisfaction in the company's archive. What type of data is this called?
Iteru [2.4K]

The  type of data is this called raw data when You find some public records about customer satisfaction in the company's archive.

Raw data collection is typically not ready for analysis, but when organized and cleaned, it becomes data. Processed data is the type of data that has been processed from raw data.

The term raw data is most commonly used to refer to information collected for research studies before the information is transformed or analyzed in any way. This term may apply to data that has been collected or cleaned once but has not been further transformed or analyzed.

A list of all purchases made at the store during the month, but without further structure or analysis. A video captured every second by a surveillance camera at night. The performance of all his students in the district for one quarter. List of all movies streamed by video streaming companies.

Learn more about  public records at

brainly.com/question/27583809

#SPJ4

8 0
2 years ago
A company sells electronics and with a warranty attached and estimates that they will experience an estimated 5% of sales for wa
eimsori [14]

Answer:

b. debit warranty expense $10,000; credit estimated warranty liability $10,000

Explanation:

The journal entry to record the estimated warranty expense is shown below:

Warranty Expense  Dr $10,000  ($200,000 × 5%)

       To Estimated Warranty Liability $10,000

(being the warranty expense is recorded)

Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability

Therefore the option b is correct

7 0
3 years ago
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