Answer:
In this scenario, Creswell Farms is in the idea generation stage of the new product development process.
Explanation:
Idea generation stage refers to the stage which involves the creation, development, and communication of the ideas. The process involves the construction of the idea and transforming the concepts into reality. The initiation of a project begins with the generation of the idea generation stage. In the above case, the suggestions are provided which would help the business of the product. Hence, this refers to the idea generation stage.
Answer:
Yes he can execute the enrollment for her
Explanation:
The power of attorney is a legal document that given the authority to act in place on another person. It can be represented on behalf of other people so that the act could be done.
Here the individual can act legal with respect to the financial issue, property matters, etc
Therefore according to the given situation yes he can be executed
Answer:
Estimated manufacturing overhead rate= $7.53 per direct labor hour
Explanation:
Giving the following information:
The company's executives estimated that direct labor would be $5,130,000 (190,000 hours at $27/hour) and that factory overhead would be $1,430,000 for the current period.
We need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 1,430,000/190,000= $7.53 per direct labor hour
Answer:
The statement is true.
Explanation:
Unit elastic is described as the demand or supply curve that is perfectly responsive to the changes in the price. In other words, the demand or the quality supplied will change or vary in accordance with the same percentage as the change in price.
The curve which has elasticity of 1 will be called as unit elastic.
Answer:
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
Cash $13,780
Sales $13,000
Sales taxes $780
Explanation:
In order to prepare the entry to record the sales transactions for Quartz Company we would have to make the following calculation:
According to the given data On April 10, the register totals are sales $22,000 and sales taxes $1,100, hence, cash=$22,000 +$1,100=$23,100
Therefore, the entry to record the sales transactions for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
In April 15 the cash is $13,780, which includes a 6% sales tax, therefore, the sales would be calculated as follows:
sales=$13,780/6%
sales=$13,000
hence, sales taxes=$780
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Cash $13,780
Sales $13,000
Sales taxes $780
