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maxonik [38]
3 years ago
10

For each of the following products and services, indicate whether it is more likely produced in a process operation or in a job

order operation.
1. Beach towels
2. Bolts and nuts
3. Lawn chairs
4. Headphones
5. Designed patio
Business
1 answer:
lord [1]3 years ago
3 0

Answer:

Process operations are for when there are multiple goods to be produced. These products normally have the same specifications so can be mass produced.

This is different from Job order operation which is used when a single good is product. It is usually used for customized goods.

Process operations:

  • Beach towels
  • Bolts and nuts
  • Lawn chairs
  • Headphones

Job Order operation

  • Designed patio.
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Answer:

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Current Earning per share  = Net Income ÷ Number of Common Shares Outstanding

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3 years ago
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Answer:

Mobile Homes

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Beginning Accounts Receivable    $615

Net Sales                                       25,118

Less ending accounts receivable    798

Collections from customers   $24,935

2. Payments for merchandise inventory

Beginning Accounts Payable    1,364

Purchases                                18,725

Ending Accounts payable         1,547

Payments                             $18,542

3. Payments of other operating expenses:

Accrued liabilities:

beginning                      851

Operating expenses 4,632

Less ending                  938

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4. Acquisition of property plant and equipment:

Beginning cost = $4,622

Ending cost =       $3,671

Acquisition =         $951

5. Amount of borrowing with:

a) Long-term liabilities:

Ending        $477

Beginning  $461

Borrowing    $16

b) A-one paying no long term liabilities:

Accrued Liabilities:

Ending        $938

Beginning   $851

Borrowing    $87

6. Payment of cash dividends:

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Net Income                1,611

Total available       $5,395

Retained earnings  (5,021)

Dividends paid        $374          

Explanation:

a) Data and Calculations:

Mobile Homes Financial Statements for the years ended December​ 31:

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Income Statement

Net Sales Revenue              $ 25,118      $ 21,893

Cost of Goods Sold                18,074          15,501

Depreciation Expense                271              234

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Income Tax Expense                530              482

Net Income                             $ 1,611           1,399

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Accounts Receivable             798              615

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Depreciation     271            234

Cost               4,622         3,671

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Cost of goods sold   18,074

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