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borishaifa [10]
3 years ago
13

Manufacturing cycle time is best defined as the: length of the work shift, expressed in minutes per day. time it takes a unit to

move from one workstation to the next. time between the start of one unit and the start of the next unit. sum of all the task times to make one unit of a product. time from raw materials receipt to finished product exit.
Business
1 answer:
luda_lava [24]3 years ago
5 0

Answer:

time from raw materials receipt to finished product exit.

Explanation:

Manufacturing cycle time is best defined as the "time from raw materials receipt to finished product exit."

To explain better, manufacturing cycle time is the overall time of process that covers the total duration it takes the final production of commodities to be made. That is beginning from the inception stage which is usually raw materials through its conversion stage and eventually into finished goods.

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When revenue has been received but the service has not been rendered, the revenue will not be recognized and will instead be treated as a liability called unearned revenue.

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Oct. 31                Cash                                                   $7,720,000

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Date                    Account Title                                         Debit               Credit

Nov. 5                  Unearned Ticket Revenue             $1,930,000

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Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company'
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Answer:

Required:

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2. What amount of accounts receivable did Gemstone write off during 2016?

3. What is the amount of Gemstone's gross sales for the 2016 fiscal year?

1.  Particulars                                   2016          2015

Accounts receivables (Net)        $461,900    $441,500

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Accounts receivables (gross)   <u>$595,325</u>   <u>$530,525</u>

<u></u>

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Bad debts written off in 2016                                            <u>$147,200</u>

<u></u>

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Less: Balance, beginning of the year    <u>$11,200   </u>

Estimated sales returns                         <u>$186,325</u>

Gross sales for the year = Net sales + Estimated sales returns

Gross sales for the year = $5,653,800 + $186,325

Gross sales for the year 2016 = $5,840,125

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