Answer:
The answer is: debit Accounts Receivable $1,000; credit Sales $1,000; debit Cost of Goods Sold $400; and credit Merchandise Inventory $400
Explanation:
The journal records should be:
- Dr Accounts receivable 1,000
- Cr Sales revenue 1,000
- Dr Cost of goods sold 400
- Cr Merchandise inventory 400
Accounts receivable is an asset account, and when assets increase they are debited.
Sales revenue is a revenue account, and when revenue increases it is credited.
COGS is an expense account, and when expenses increase they are debited.
Merchandise inventory is an asset account, and when assets decrease they are credited.
Answer:
To minimise cost, the firm should lay off worker and rent more computer as it give more output per dollar invested on it. This reduce the fixed cost of the company drastically and increase the production of the company. The marginal cost of production and marginal revenue are economic parameter, which help to determine the amount of output and price per unit of input that will maximise the profits. The point at which marginal revenue is equal to marginal cost maximise the profit.
Answer:
Letter D is correct
Explanation:
The difference between quality circles and continuous improvement lies in employee empowerment. The quality circle is a tool that proposes problem solving and quality control of organizational processes based on the plan, do, check, act that can be performed by all employees of a given organizational sector. Continuous improvement is already a quality tool based on the need for new learning and improvement in organizational processes, so it should be done by professionals able to study the best option to improve and complement the quality circle.
Answer:
$84,147.26
Explanation:
For this question, we use the Future value formula that is shown in the spreadsheet attachment below:
Data provided in the question
Present value = $0
Rate of interest = 9%
NPER = 8 years
PMT = $7,000
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the future value is $84,147.26
Answer:
Business model processing
Explanation:
Business Model Processing is the analysis of business processes with the aid of data flow diagrams, flow charts, e.t.c. it entails creation of the model of an entity's process. It is an attempt to achieve process improvement by graphing the current process flow for proper understanding and comparing graphed process flow of the planned change in order to see if the intended change is worthwhile. It shows the policies and process employed by a business in its operations.