Answer:
Explanation:
Quality control can be defined as a process by which a manufacturer or producer maintains the standard or quality of it's product.
This is to ensure that quality of the product is maintained over time and also gives room for improvement.
The need for controlling quality of goods and services:
1. It is to ensure the quality of the product does not depreciate over time.
2. To ensure little or not error is made during production process.
3. Quality control is done to ensure a great customer satisfaction.
4. It also helps to increase consumers confidence in a product.
5. Quality control gives room for improvement on the quality of a product.
Answer:
b. $37,500
Explanation:
a. Realized gain = (cash down payment + Purchase Note ) - Adjusted Tax basis
=(40000+ 160000)-75000
= 200000 - 75000
= 125000$
Gross profit percentage = profit /sales
=125000 / (40000 + 160000)
=125000 / 200000
=62.5%
year 1 Realised gain = downpayment * 62.5%
= 400000 *62.5%
=25,000$
Realised gain = installment payment * 62.5%
= 20000 * 62.5%
= 12,500$
i.e 37,500$
Through my research this seems to be a T/F question so the answer would be FALSE because when in an emergency its important to get out of there FIRST as your safety and THEN contact everyone because you never know if they may be in the situation or can't help you, so its important to save yourself first in situations and then call for help.
Answer:
the entry to record the purchase is :
Debit : Purchases (6,500 bushels) $13,500
Credit : Cash $13,500
Explanation:
In perpetual inventory system inventory valuation and calculation cost of sales are done on every transaction made.
It is important for this question to also remember that inventory according to IAS 2 are initially measured at the purchase price plus any other costs incurred in bringing the inventory in location and condition as intended for sale by managers.
Thus, the purchase made must be initially recognized at cost as follows :
Debit : Purchases (6,500 bushels) $13,500
Credit : Cash $13,500