Answer:
They have to look for an outsider who is open-minded and ready to listen and tell, he can bring new ideas to what to do or not.
Explanation:
Kelly should ask from an outsider to help because
- Due to fear or greed, internal people are not able to give a proper opinion.
- We should get an opinion about their work from an outsider so that they can keep their opinion completely away from any greed or fear.
- They should also hold an online survey or feedback.
Through this process, they will get better business options.
Answer: (C) Scenario analysis
Explanation:
The scenario analysis is one of the type of process that basically helps in analyzing the development and also the various types of possible events in an organization.
The main role of the scenario analysis is that it helps in estimating the various types of development process and also helps in examining the different types of functions in an organization.
According to the given question, the Jamie is basically describe the scenario analysis process that helps in estimating the project current value such as total cost estimation, the sales quantity and also the sales price.
Therefore, Option (C) is correct answer.
Answer:
Gomez Corp. Journal entry
1. 31-Jan
Dr Allowance for doubtful accounts $800
Cr Accounts receivable - C. Green $800
2. 9-Mar
Dr Accounts receivable - C. Green $300
Cr Allowance for doubtful accounts $300
3. 9-Mar
Dr Cash $300
Cr Accounts receivable - C. Green $300
Explanation:
1. On January 1 Gomez Corp was said to use the allowance method to account for uncollectibles which means we have to record the write off as uncollectibles by Debiting Allowance for doubtful accounts with $800 and Credit Accounts receivable - C. Green with the same amount.
2. On March 9, receives a payment of $300 from Green which means we have to record the accounts receivables reinstated by
Debiting Accounts receivable - C. Green with $300 and Crediting Allowance for doubtful accounts with same amount.
3. Since it receives a payment of $300 from Green on March 9 we have to record cash receipt by Debiting Cash with $300 and Crediting Accounts receivable - C. Green with $300.
Answer:
Explanation:
We are asked for Zbox production, so we ignore the raw materials information for this question.
We use the inventory identity to solve for production
September sales 222,000 units
desired ending inventory 24,000 units
total production need 246,000 units
(beginning inventory 35,000) units
Production requirement for September 211,000 units
Answer:
$840
Explanation:
Data provided in the question:
Beginning inventory = 30 units @ $120 each
Purchases during the year:
Jan. 15: 34 units at $110
May 30: 61 units at $84
Oct. 20: 160 units at $60
Sales during the year totaled 271 units
Now,
Total inventory before selling = 30 + 34 + 61 + 160 = 285
Inventory left after selling 271 units = 285 - 271 = 14 units
Now,
Under the FIFO method, the units purchased first will be sold first
Therefore,
The price of units left inventory will the price of units purchased last i.e $60
Hence,
The cost of ending inventory = 14 × $60
= $840
