Answer:
Debit to cost of goods sold and credit to factory overhead
Explanation:
Here we are interested in knowing the appropriate journal entry when the factory overhead is under applied.
What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.
The adjusting journal entry here is that we debit cost of goods sold and credit factory overhead
Answer:
The correct answer is letter "A": The line between electronic retailing and traditional retailing is blurring as traditional retailers go online.
Explanation:
Most purchases nowadays are being processed online. The easiness to access to a wide variety of products and the methods of payments causes more people to buy online. Besides, the number of retailer stores with mobile apps is increasing so there is no need to have a computer to make the purchases online since they can be made with a phone. This scenario is fading the line that used to separate traditional retailing with online retailing.
Answer:
a) Process A is the bottleneck of the process
b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour
Explanation:
Part 1 is processed at A for 15 minutes and then at B for 10 minutes.
Thus part 1 take 15 + 10 i.e. 25 minutes two complete both processes
Part 2 is processed at C for 20 minutes.
Output from B and C i.e. part 1 and 2 respectively are fed to process D where the time taken to assemble is 15 minutes
Thus looking at the given data,
Part 1 takes longer time i.e. 25 minutes to reach process C compared to part 2 i.e. 20 minutes
So bottleneck occurs at process A and B because it takes maximum time i.e. 25 minutes
a) Process A is the bottleneck of the process
b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour
To get the formula for the principal, we will use the
formula for the interest and derived it from there:
I = Prt is the equation then it will be P = I /rt since we
are looking for the principal.
P = I /rt
= $500 / (0.145 x 240/360)
= $500 / 0.0967
= $5170.63
To check:
I = Prt
= $5170.3 x 0.145 x 240/360
= $499.8 or $500
