Sandra is involved in production.
Production can be described as the process of transforming or converting resources into goods and services.
In any organization, the depart that is in charge of production is the production or operation department.
Therefore, Sandra is involved in production.
The reason is that the transformation of resources into goods and services is her key job role at the company.
Learn more here: brainly.com/question/1462114.
Productive efficiency focuses on the cost of production while allocative efficiency focuses on the distribution of the products.
In economics, the efficiency or productivity of a business is classified into two types:
- Productive efficiency.
- Allocative efficiency.
These two types of efficiency focus on different aspects of production and selling goods and services.
Productive efficiency: This type implies producing goods at the lowest cost possible. This means:
- Avoiding unnecessary costs.
- Controlling costs when the number of units increases.
Allocative efficiency: This type implies selling or allocating the products in society. This means:
- Considering the maximum amount the customer can pay for a product (marginal benefit).
- Making the cost of production equal to the marginal benefit.
Note: This question is incomplete because the statements that need to be classified are not provided; due to this, I answered the question based on general knowledge.
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Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Notes:
1) In first event, it is given a former patient made at investment, investment in a business means taking equity.
2) In fifth event, there just mentioned about loan amount but no discuss whether it is loan taken or made to outsider. So it is considered as loan taken. As it is 10 years, so it is a long term loan.
Answer:
Bad debt expense
To Allowance for doubtful accounts
(Being the bad debt expense is recorded)
Explanation:
The adjusting entry using the allowance method for recording the predicted uncollectible account is as follows:
Bad debt expense
To Allowance for doubtful accounts
(Being the bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expenses and credited the allowance for doubtful account as it decreased the assets
Therefore the above represent the bad debt expense
