Answer:
Total Productivity:
* For last year: 1.70
* For this year: 1.48
Explanation:
We have the total productivity is equal to Sales/ Total resources spent.
So, the calculation for productivity as followed:
<u>* For last year:</u>
+ Sales = 200,010
+ Total resources spent = Labor + Raw materials + Energy + Capital + other = 30,010 + 35,100 + 5,100 + 45,500 + 2,100 = 117,810
=> Productivity = 200,010 / 117,810 = 1.70
<u>* For this year:</u>
+ Sales = 201,050
+ Total resources spent = Labor + Raw materials + Energy + Capital + other = 40,010 + 41,500 + 6,010 + 45,500 + 3,010 = 136,030
=> Productivity = 201,050/136,030 = 1.48.
Answer:
Gomez Corp. Journal entry
1. 31-Jan
Dr Allowance for doubtful accounts $800
Cr Accounts receivable - C. Green $800
2. 9-Mar
Dr Accounts receivable - C. Green $300
Cr Allowance for doubtful accounts $300
3. 9-Mar
Dr Cash $300
Cr Accounts receivable - C. Green $300
Explanation:
1. On January 1 Gomez Corp was said to use the allowance method to account for uncollectibles which means we have to record the write off as uncollectibles by Debiting Allowance for doubtful accounts with $800 and Credit Accounts receivable - C. Green with the same amount.
2. On March 9, receives a payment of $300 from Green which means we have to record the accounts receivables reinstated by
Debiting Accounts receivable - C. Green with $300 and Crediting Allowance for doubtful accounts with same amount.
3. Since it receives a payment of $300 from Green on March 9 we have to record cash receipt by Debiting Cash with $300 and Crediting Accounts receivable - C. Green with $300.
Answer:
The correct order of the question is below:
The gross margin ratio: 1- Is also called the net profit ratio. 2- Indicates the percent of sales revenue remaining after covering the cost of the goods sold. 3- Is also called the profit margin. 4- Is a measure of liquidity and should exceed 2.0 to be acceptable. 5- Should be greater than 1 for merchandising companies.
The answer is 2. Indicates the percent of sales revenue remaining after covering the cost of the goods sold.
Explanation:
Gross profit is the difference between cost of sales and net sales revenue and gross profit margin is calculated by gross profit divided by net sales revenue. It can be expressed as a percentage.
This margin is the first measure of profitability.
Option 1 is wrong. Net profit ratio is the ratio of net profit to sales revenue. Net profit is after all expenses and tax have been deducted from revenue.
Option 4 is wrong. This is not a measure of liquidity. Current ratio and quick ratio are a measure of liquidity.
Option 3 and 5 are wrong
Answer:
The economic downturn is a factor beyond her control.
Explanation:
In the given scenario Selena's monthly sales have declined and she received a bad performance rating.
The decline was due partly to an economic recession and also due to the fact that her mother has been in the hospital (personal reasons).
If the wants to contest the ratings she will not use the personal challenge she had since she did not report it to take time off from work.
However she can state that the economic downturn is a factor beyond her control so this should be considered in her performance rating.
