The Big Five Factor categories are referred to as ____

Below are transactions for Wolverine Company during 2021.

Nookie1986 [14]

Answer:

Wolverine Company

Adjusting Journal Entries:

1. Debit Deferred Revenue $2,000

Credit Rent Revenue $2,000

To record rent revenue for December.

2. Debit Insurance Expense $6,600

Credit Prepaid Insurance $6,600

To record the insurance expense for the year.

3. Debit Salaries Expense $3,000

Credit Salaries Payable $3,000

To record the unpaid salaries expense.

4. Debit Interest Expense $250

Credit Interest Payable $250

To accrue interest expense for 2 months.

5. Debit Supplies Expense $3,900

Credit Supplies $3,900

To record the supplies used during the year.

Explanation:

a) Data and Calculations:

1. Rent Revenue = $2,000 ($4,000/2)

2. Insurance Expense = $6,600 ($13,200*6/12)

3. Salaries Expense $3,000 and Salaries Payable $3,000

4. Interest Expense = $250 ($15,000 * 10% * 2/12)

5. Office Supplies:

Beginning balance $1,000

Purchases 3,400

Ending balance 500

Supplies Expense $3,900

b) Adjusting journal entries are made in order to allocate revenue and expenses to the period in which they are earned or incurred. This agrees with the accrual concept and the matching principle of generally accepted accounting principles, which require that revenue and expenses are recognized in the period they occur instead of when cash is exchanged.

7 0

3 years ago

In counteracting a negative supply shock, the fed could achieve ______ by using ______ monetary policy.

julsineya [31]

In counteracting a negative supply shock, the fed could achieve price stability by using expansionary monetary policy. Price stability is the point at which prices are stable in the economy. Expansionary monetary policy is when a central bank uses its tools to stimulate the economy. They are able to increase monetary supply, lower interest rates and increase the demand.

7 0

4 years ago

A company makes two products in a single plant. It runs this plant for 100 hours each week. Each unit of product A that the comp

Olegator [25]

Answer:

Check the explanation

Explanation:

As per current limitation of emission, below will be the optimal solution.

The first attached image below is the screenshot of LP Table to be used to get the result -

The second attached image below is the formula used to get the result -

The third attached image below is the screenshot of solver with constraints, decision variable and objective -

the result is in the fourth attached image;

Product A - 15 units

Product B - 60 units

Total Contribution - 135000

Now EPA has allowed one additional unit of chemical emission. Hence, we will change the available quantity of chemical emission to 61 from 60. Rest all will be same as mentioned in earlier part. The fifth attached image below will be the updated optimal solution -

From the image, it is clear that company has 1 additional unit of particulate emission left (240-239), hence company can reduce the particulate emission by 1 units. Below will be the optimal solution -

Product A - 14

Product B - 61

Contribution - 136000 (increase in contribution by 1000)

Now, we can see that contribution has increased by 1000 which is equal to the contribution of 1 unit of product A.

1 unit of Product A is responsible for 4 unit of particulate emission. Hence company can reduce the emission further 4 units.

Final output will be as follows -

Product A - 13

Product B - 61

Contribution - 135000

Total Particulate Emission used = 13*4 + 61*3 = 235

Total Reduction in Particulate Emission = 240-235 = 5 units

Hence, company should willing to reduce the Particulate Emission by 5 units without affecting its Contribution Maximization objective.

3 0

4 years ago

Originally Mr. Pibb marketed itself as a direct competitor to Dr. Pepper. With sales lagging and the market interest dropping of

stellarik [79]

Answer:

Positioning and then Repositioning

4 0

3 years ago

Chevron placed several ads for its "We Agree" campaign placed ads stating its support for renewable energy, protecting the plane

sergij07 [2.7K]

Answer:

The correct answer is Advocacy advertisements.

Explanation:

In general terms, for a potential customer or buyer (person, company, organization, government) to acquire or buy a product that he needs or desires (be it a good, service, idea, place, person or combinations of these), he needs before: 1) know of its existence, 2) feel persuaded to buy that product and 3) remember that it exists.

Therefore, if we want to get potential customers to buy an X product (which obviously has to be of good quality, meet needs or desires, have a price that customers are willing to pay and be available at the right time and place), It is essential to carry out a series of activities that adequately communicate to those potential customers the existence of that product, persuade them to buy it and then remind them that it exists. And all this is part of a marketing tool: THE PROMOTION.

5 0

3 years ago

The Big Five Factor categories are referred to as _____. CLEAN OCEAN BFIVE BFPTC