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Paraphin [41]
2 years ago
8

The planning/control cycle has two planning steps. They are Select one: a. (1) make the plan, then (2) carry out the plan. b. (1

) research planning, then (2) look for ways to cut costs. c. (1) make the plan, then (2) set it aside for a period of time. d. (1) research planning, then (2) receive feedback. e. (1) review previous plans, then (2) evaluate plans.
Business
1 answer:
morpeh [17]2 years ago
8 0

Answer:

a. (1) make the plan, then (2) carry out the plan.

Explanation:

The cycle of the planning/ control comprises of following steps

1. Make the plan

2. After that carry out the plan

3. Now the control is there by comparing

4. And finally, the control could be taken by taking corrective actions

According to the given situation,  the correct option is a

And, the rest of the options are wrong

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Havermill co. establishes a $470 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated recei
sammy [17]

Answer:

The journal entry to record the establishment of the fund on september 1 is:

  1 September                Petty Cash        $ 470 Dr.

                                                  Cash                  $ 470 Cr.

   31st September               Office supplies, $95 Dr.

                                          Merchandise inventory, $ 181 Dr.

                                        Miscellaneous expenses $ 44 Dr.

                                                        Cash                                            $320 Cr.

To reimburse Petty Cash

The journal entry to reimburse and to increase the fund are same .

October 1                   Petty Cash       $ 94

                                            Cash                      $ 94

To increase the Petty Cash by $ 94

3 0
3 years ago
In business buying price is very important because of
Darya [45]

Answer: The potential selling profit

MAKE ME THE BRAINLIST

8 0
3 years ago
Read 2 more answers
A change in depreciation method is accounted for:Select one:a. Retrospectively.b. Prospectively, like changes in accounting esti
arlik [135]

Answer: :a. Retrospectively

Explanation:

A change in depreciation method is a change in accounting policy and as such it would need to be accounted for retrospectively.

This means that it must be accounted for by going back to all periods where the change affects an entry and adjusting that entry for the change so that the accounting can be more accurate.

5 0
3 years ago
The daily demand for parts from a machining workcell JMB to an assembly workcell is 1,600 units. The average processing time is
Karolina [17]

Answer:

Daily demand for parts = 1600 units

Avg processing time = 25 seconds.

Capacity of a container = 250 units

Waiting time of a container before the JMB = 6 hours

Number of containters currently deployed = 10

Solution:

Total number of parts carried by the containter = 10 x 250 = 2500 parts.

Total numbers carried in excess as safety stock = 2500-1600 = 900

Percentage of safety stock = (900/1600) x 100 = 56.25%

If one container is removed total parts carried = 2250 units

Processing time at machine for 250 parts after loading in JMB = 250 x 25 seconds = 1.736 hours, but it has to wait for another 4.26 hours for the next container to be loaded because of the waiting time of the containter is 6 hours.

Processing time at machine for 1600 parts = 1600 x 25 seconds = 11.11 hours

Number of containers required for 1600 parts = 1600/250= 6.4 ~ 7 containters

Waiting time of 7 containers = 7 x 4.26 = 29.82 hours.

If one of the containers has to be removed 1600 parts has to be carried in 6 containers ie., 29.82hours - 6 hours = 23.82hours

Waiting time per container before loading = 23.82/6 = 3.97 hours.

Reduced Total waiting time of the container = 3.97 hours + the processing time of 250 parts = 3.97 + 1.736 =5.7hours ~ 5 hours and 42 minutes

4 0
3 years ago
In January, Hometown Ice Cream Shoppe reported the following balances in their income statement accounts. Based on this informat
Gekata [30.6K]

Answer:

A) Debit of $1,445

Explanation:

Closing entries refers to the balance statements that are entered at the end of an accounting period in order to transfer the temporary account balances into permanent accounts. Based on the balances listed in the question it can be said that the closing entry to retained earnings will be Debit of $1,445. This refers to money going out of the account and can be calculated by adding all the revenue to the account and subtracting the expenses leaving $ - 1,445 thus being debit.

7 0
3 years ago
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