Technology wise: Apple or Microsoft
Food wise: McDonalds or KFC
<u>Solution and Explanation:</u>
<u>Journal entry to record the purchase the bags of insultaion.</u>
Date Particulars Debit Credit
Inventory $6875
accounts payable $6875
(Purchased insulated bags from Glassco Inc., 1250bags at the rate $5.5 each)
<u>entry to record the payment for shipping</u>
Inventory $320
cash $320
( paid shipping charges for bags to warehouse)
<u>entry for return of the defective bags</u>
accounts payable $275
Inventory $275
( returned defective bags to glassco Inc)
<u>To record the payment for the bags kept by compass.</u>
Accounts payable $6600
cash $6600
( payment for remaining bags to Glassco Inc., )
Answer:
The gross margin for December is: 0.5%.
The Gross margin of an organisation or business measure the extent by which its income exceeds the costs it incurs in producing its goods and or services.
The gross margin is measured in percentages. The higher the percentage of this margin, the higher the effectiveness of the company's management in deriving value from every dollar invested.
Explanation:
To arrive at Gross Margin, one is required to subtract the total cost of goods sold from total revenue for the period and dividing that number by revenue. That is:
Gross Margin (GM) = 
Step I - Calculate Revenue
This is given as the total amount of goods sold which is:
800 x $500 = $400,000
Step II - Calculate Cost of Goods Sold
Cost of goods sold per unit is given as
$250 per unit.
Total Cost of Goods sold therefore is
800 x $250 = $200,000
Step III - Calculate Gross Margin
= 
= 
= 
or 0.5%
Cheers!
Answer:
$75,000
Explanation:
Given that,
Factory maintenance = $50,000;
Machine setup = $100,000;
Heating and lighting = $25,000
Machine repair = $10,000
Therefore,
Total costs are as follows:
= Factory maintenance + Heating and lighting
= $50,000 + $25,000
= $75,000
Therefore, the total costs in the plant services activity are $75,000.
It is not immediately unethical to employ someone under the age of 16, but if the workload of the child is that of an adult, it is not allowed. There are special laws that protect the health and safety of a young person in employment. The job of the child must be considered and must not be too heavy.
