On October 29, 2017, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $14 and its retail selling price is $70 in both 2017 and 2018. The manufacturer has advised the company to expect warranty costs to equal 6% of dollar sales.
The following transactions and events occurred:
2017
Nov. 11 Sold 70 razors for $4,900 cash.
30 Recognized warranty expense related to November sales with an adjusting entry.
Dec. 9 Replaced 14 razors that were returned under the warranty.
16 Sold 210 razors for $14,700 cash.
29 Replaced 28 razors that were returned under the warranty.
31 Recognized warranty expense related to December sales with an adjusting entry.
2018
Jan. 5 Sold 140 razors for $9,800 cash.
17 Replaced 33 razors that were returned under the warranty.
31 Recognized warranty expense related to January sales with an adjusting entry.
a. Prepare journal entries to record above transactions and adjustments for 2017.
b. Prepare journal entries to record above transactions and adjustments for 2018.

Answers

Answer 1

Answer:

a. Nov 11, 2017

Dr Cash $4,900

Cr sales $4,900

Nov 30, 2017

Dr Warranty expense $294

Cr Estimated warranty Liabilities $294

Dec 9, 2017

Dr Estimated warranty Liabilities $196

Cr Cash $196

Dec 16, 2017

Dr Cash $14,700

Cr sales $14,700

Dec 29, 2017

Dr Estimated warranty Liabilities $392

Cr Cash $392

Dec 31, 2017

Dr Warranty expense $882

Cr Estimated warranty Liabilities $882

b. Jan 5,2018

Dr Cash $9,800

Cr Sales$9,800

Jan 17,2018

Dr Estimated warranty Liabilities $462

Cr Cash $462

Dec 31,2018

Dr Warranty expense $588

Cr Cash $588

Explanation:

a. Preparation of the journal entries to record above transactions and adjustments for 2017

Nov 11, 2017

Dr Cash $4,900

Cr sales $4,900

(Being to record razors sold for cash)

Nov 30, 2017

Dr Warranty expense $294

Cr Estimated warranty Liabilities $294

($4900*6%)

(Being to record warranty expense)

Dec 9, 2017

Dr Estimated warranty Liabilities $196

Cr Cash $196

(14 razors*14)

(Being to replaced 14 razors)

Dec 16, 2017

Dr Cash $14,700

Cr sales $14,700

(Being razors sold for cash)

Dec 29, 2017

Dr Estimated warranty Liabilities $392

Cr Cash $392

(28 razors*14)

(Being to replaced 28 razors)

Dec 31, 2017

Dr Warranty expense $882

Cr Estimated warranty Liabilities $882

($14,700*6%)

(Being to record warranty expense)

b. Preparation of the journal entries to record above transactions and adjustments for 2018

Jan 5,2018

Dr Cash $9,800

Cr Sales$9,800

(Being to record razors sold for cash)

Jan 17,2018

Dr Estimated warranty Liabilities $462

Cr Cash $462

(33 razors*14)

(Being to replaced 33 razors)

Dec 31,2018

Dr Warranty expense $588

Cr Cash

(6%*$9,800) $588

(Being to record warranty expense)


Related Questions

1.3 Eloberate on the meaning of crisis.​

Answers

a disruption or breakdown in a persons or families patteren

Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.

Answers

Answer:

would it be sales representative since they were only able to replace the device and apologize

Answer:

customer service

Explanation:

I'm smart and got it right on my test

Which is a possible benefit of having a good credit history?
O getting a high interest rate on a credit card offer
O obtaining a low interest rate on a loan
obtaining a savings account
O having a paycheck garnished
Mark this and return
Save and Exit

Answers

Answer:

B. obtaining a low interest rate on a loan

Explanation:

Answer:

b

Explanation:

got it right on test

PLEASE HELP!!
Which situation would cause the price of a product to increase the most?
A. Both the demand and the supply fall.
B. The demand falls while the supply rises.
C. Both the demand and supply rise.
D. The demand rises while the supply falls.

Answers

Answer:

D

Explanation:

It's d since if the demand of more of something that they have little of would increase the price the most

It is D
Let me know if I’m wrong

Steve has built an online shopping website and he would like to increase his website ranking in the search results. You are his consultant. Which of the following would you recommend for him to help achieve his goal?

Answers

Answer: By linking his website to other popular websites.

Hope this helps you.

Using the service blueprint, make a list of all the potential key service failure points and the associated customer expectations. For example a service failure point with expectations is: check-in should be fast and hassle free. You should find 10 to 15 service failure points.

Answers

Using a service blueprint, a list of potential key service failure points and their associated customer expectations would depend on the industry and the customer preference.

What are some potential key service failure points ?

Some general key service failure points would include:

Check-in should be fast and hassle-free.Staff should be knowledgeable and able to provide accurate information.Service should be delivered within the promised timeframe.Billing and payment processes should be transparent and error-free.Facilities should be clean, well-maintained, and comfortable.Communication should be clear and timely, keeping customers informed about any delays or changes.Staff should be friendly, courteous, and attentive to customer needs.Resolving complaints and addressing issues should be handled promptly and effectively.Product or service quality should meet or exceed customer expectations.Personal data and privacy should be protected and kept secure.Service should be personalized and tailored to individual customer preferences when possible.Any service disruptions or interruptions should be minimized and resolved quickly.Accessibility should be ensured for customers with special needs or disabilities.Service recovery actions should be proactive and designed to restore customer satisfaction after a service failure.Any additional fees or charges should be clearly communicated upfront to avoid surprises.

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Homework: Write a research proposal on any topic in the field of business. Steps of Research Proposal 1. INTRODUCTION: In introduction, student should provide the background of the topic as well as definition of that topic. 2. OBJECTIVES: There must be certain objectives of your research that should be mentioned in your research proposal under this heading. 3. LITERATURE REVIEW: In literature review you should provide a brief explanation of previous studies on this topic. 4. RESEARCH METHODOLOGY & DATA In this step, you should provide the information of how you going to conduct the research on that area. 5. CONCLUSION In conclusion, you should provide the information about what you expect your research outcomes. 6. REFERENCES Format your reference list of sources cited in your study in APA style. * Number of Pages Required : 6 _ 8 pages

Answers

Research Proposal: Impact of Social Media Marketing on Consumer Behavior

1. Introduction:

The rapid growth of social media platforms has revolutionized the way businesses interact with consumers. This research proposal aims to investigate the impact of social media marketing on consumer behavior. The background of the topic will be provided, along with a definition of social media marketing and its relevance in the contemporary business landscape.

2. Objectives:

The following objectives will guide the research study:

- To examine the influence of social media marketing on consumer purchasing decisions.

- To analyze the role of social media platforms in shaping consumer attitudes and perceptions.

- To explore the effectiveness of different social media marketing strategies in engaging consumers.

- To identify the factors that drive consumer engagement and brand loyalty through social media.

3. Literature Review:

This section will provide a comprehensive review of previous studies conducted on the topic of social media marketing and its impact on consumer behavior. It will highlight key findings and theoretical frameworks that have been used to understand the relationship between social media marketing and consumer decision-making.

4. Research Methodology & Data:

The research will adopt a mixed-methods approach. Firstly, quantitative data will be collected through a survey questionnaire distributed to a sample of consumers. The questionnaire will capture information about their social media usage patterns, engagement with brands, and purchasing behavior. Secondly, qualitative data will be gathered through in-depth interviews with selected consumers to gain deeper insights into their perceptions and experiences related to social media marketing.

The sample for the survey and interviews will be drawn from a diverse group of consumers across different age groups and demographics. Data analysis will involve both descriptive statistics and thematic analysis of qualitative data, enabling a comprehensive understanding of the research topic.

5. Conclusion:

The conclusion will summarize the expected research outcomes based on the objectives outlined. It will discuss the potential implications of the findings for businesses, marketing practitioners, and researchers. Additionally, it will highlight avenues for future research and potential limitations of the study.

6. References:

The reference list will be formatted in APA style, including all sources cited in the research proposal.

Note: The number of pages required for this research proposal is 6-8 pages, including all sections mentioned above.

Please note that this is a sample research proposal on the impact of social media marketing on consumer behavior. You can choose any other topic in the field of business and follow the same structure outlined above to create your research proposal.

Which of the following is NOT considered to be one of the main revenue centers at most financial institutions?
Review Later
Wealth management
Capital markets & Investment banking
Digital marketing
Commercial banking

Answers

Answer:

money and credit markets,investments,financial management

Explanation:

Finance consists of three interrelated areas: (1) money and credit markets, which deals with the securities markets and financial institutions; (2) investments, which focuses on the decisions made by both individuals and institutional investors; and (3) financial management, which involves decisions made within the ...

Question 2 of 10
Investors who go through a capital formation process can expect:
A. a decrease in the diversity of their capital investments.
B. their capital to be used to fund high-risk investments.
C. banks to take control over a large portion of their capital.
O
D. the amount of capital they control to increase.
SUBMIT

Answers

Answer:

B. their capital to be used to fund high risk investments.

Explanation:

I think

Investors who go through a capital formation process can expect their capital to be used to fund high-risk investments. Retained earnings, loan capital, and equity capital are the three main sources of company finance.

What is the meaning capital formation?

Capital Formation is defined as the portion of a country's current output and imports that is not consumed or exported during the accounting period but instead added to its stock of capital goods.

There are various categories of total capital formation. Gross Fixed Capital Formation.

Thus, option B is correct.

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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.

Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.

‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.

‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’

1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.

2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.

Answers

1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.

2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.

1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.

2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.

To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.

Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.

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HELP ASAP:
In the open market, oil shares are an example of:
A. finance.
B. accounting.
C. a commodity.
D. a security.

Answers

Answer:

C. A commodity

Explanation:

3. Would you rather fund your company using mostly debt funding, or mostly equity funding? Why?

Answers

Answer:

debt funding

Explanation:

because its wise and I would

Answer:

debt funding

Explanation:

Funding using debt allows you to keep all ownership of the company and equity funding gives control to someone else and puts a price on the company which isn’t good if just a small start up

In a paragraph of 250 words or less, please discuss areas of outstanding achievements. Give examples such as scholarships, leadership roles, major projects, work experience, etc. Outstanding achievements will be reviewed by all selected major choices to which you apply.

Answers

Explanation:

Writing a scientific article at the university can be a remarkable and relevant achievement as this article seeks to find solutions to problems faced by today's society. An example is a scientific project in the area of ​​environmental management that seeks to develop explanations and solutions applicable to companies for the implementation of environmental programs and certifications, it is a project that will contribute to the reduction of impacts to the environment and to the valorization of local communities and producers. .

However, it is necessary that the environmental management project presents solutions that benefit both the organization and the environment in fact, as organizations as profitable entities will implement some social and environmental benefit program if it is legally necessary or bring strategic and competitive benefits.

How does Tony convince Joel to go swimming in the Vermillion River?

Answers

Answer: Could be from bribing, displaying all of the perks of swimming in the river or describing how much fun it could be

Explanation:

The Aleutian Company produces two products, Rings and Dings. They are manufactured in two departments—Fabrication and Assembly. Data for the products and departments are listed below. Product ​ Number of ​units Labor hrs per unit Machine hours per unit Rings 1,000 4 6 Dings 2,000 3 9 All of the machine hours take place in the Fabrication Department, which has an estimated overhead of $90,000. All of the labor hours take place in the Assembly Department, which has an estimated total overhead of $105,000. The Aleutian Company uses departmental overhead rates. The Fabrication Department uses machine hours for an allocation base, and the Assembly Department uses labor hours. ​ What is the Fabrication Department overhead rate per machine hour?

Answers

Answer:

$3.75

Explanation:

The computation of the fabrication department overhead rate per machine hour is shown below:

But before that first determine the following calculations

The Total number of hours is

= 1,000 ×6 + 2,000 × 9

= 6,000 + 18,000

= 24,000

And, the total estimated overhead is $90,000

So, the overhead rate per machine hour for the fabrication department is

= $90,000 ÷ 24,000 hours

= $3.75

review financial website or publications and three examples of a bond. for each bond gather the following information and complete the table coupon rate selling price maturity date​

Answers

Answer:

Company Coupon Rate Selling Price Maturity Date

Bombardier Inc. 7.5% $96.40 3/15/2025

NGL Energy Partners LP 6.875% $97.50 10/15/2021

Disney 2.150% $101.45 9/17/2020

Explanation:

from the Plato

The Coupon Rate, Selling Price and Maturity Date are important terms in a bond contract.

What are the bonds terms?

The coupon rate is the yield that determines the amount that an investor is expected to receive, the selling price is the present value of the cash amounts that will received by the bond owner and the maturity date is the date at which the bond will mature for full repayment.

The gathered information from the financial website includes:

Company                        Coupon Rate   Selling Price    Maturity Date

Bombardier Inc.                   7.5%                $96.40            3/15/2025

NGL Energy Partners LP     6.875%            $97.50            10/15/2021

Disney                                  2.150%             $101.45            9/17/2020

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Human Resources and many other departments at Walmart will use the following as a form of business communication

Answers

Human Resources as well as many other departments at Walmart usually use Accounting as a form of business communication.

Human resources  can be regarded as division of a business which carry out some functions such as;

 finding and screening of employees. recruitment of employees.training job applicants.administering employee-benefit programs.

This department overseas the employees affairs as well as their behavior.

Therefore, they use accounting as means of communication.

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what you’ve learned in this class regarding international business? Did your views or perceptions of international business change after taking this course? Why or why not? Please explain.

Answers

Many people view international business as a way to create economic growth and job opportunities.

How is international business perceived ?

Engaging in international business provides a unique opportunity for cultural exchange and understanding between nations. Through conducting commerce with other countries, people and companies acquire an alternate perspective on diverse customs, different ways of working and varying habits which can result in enhanced respect and admiration for diversity.

However, there are apprehensions towards the ethical concerns in such an undertaking, largely due to issues pertaining to labor practices, human rights as well as environmental impact. To some, involving oneself in global commerce is viewed merely as utilizing workers or exploiting resources outside their own country to increase monetary gain.

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Theo UCP600, thuật ngữ "about" cho phép số lượng hàng hóa có dung sai là

Answers

Answer:

english pls and i will help u if u send a clear one

Explanation:

Which of the following tips can help you engage the audience as you speak?
A. Budgeting time
B. Using notecards
C. Speaking quietly
D. Eye contact

Answers

Answer:

D. Eye Contact

Explanation:

The answer D. Eye contact because that is an essential thing to help you engage with your audience when you are doing a speech.

Answer:

D. eye contact

Explanation:

on edge

Jackson Corporation acquired equipment on January 1, 2010, for $320,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of $25,000. On January 1, 2013, Jackson Corporation revised the total useful life of the equipment to 8 years and the estimated salvage value to be $20,000. Compute depreciation expense for the year ending December 31, 2013, if Jackson Corporation uses straight-line depreciation.
A)$42,300
B)$26,477
C)$39,300
D)$46,300
E)None of the above.

Apparently the answer is A, but I keep getting $46,300. Someone please explain how to get A, $42300.

Answers

The depreciation expense for the year ending December 31, 2013, if Jackson Corporation uses straight-line depreciation isv39,300$.

Hence, the answer is C. $39,300.

How to find?

According to the information in the question-

Cost of equipment= 3,20,000$Useful life (estimated)= 10 yearsSalvage value= 25,000$

Now, in first instance using the formula of straight line Depreciation-

Depreciation= Cost - salvage value/ useful life

= 3,20,000- 25,000/ 10= 29, 500$

So, the in the first instance Depreciation is 29,500.

In, the second instance revised calculations have been made-

So,

Cost= 3,20,000

Useful life = 8 years

Salvage value= 20,000$

Using, the formula again-

= 3,20,000-20,000/ 8= 39,300$

Hence, the answer is 39, 300$.

What do you mean by depreciation?

Depreciation is the expected decline in value of a fixed asset over the course of a fiscal year. Large lump sum purchases are made for tangible goods like real estate, machinery, cars, and other things.

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2. Assembly of a model airplane has a learning curve of 80 percent. The estimated time to assemble a second identical model airplane is 40 hours . Determine approximately how much time will be required for: a. the eight unit (4 points) b. the first ten units (4 points )

Answers

Using the learning curve formula, the times required are given as follows:

a) Eight unit: 10.49 hours.

b) First ten units: 194 hours.

What is the learning curve formula?

The learning curve formula gives the time needed to model the nth unit of a product according to the following exponential equation:

\(T = a(b)^{n-1}\)

In which the parameters are described as follows:

a is the time needed to model the first unit.b is the learning curve coefficient.

In the context of this problem, the coefficient of the learning curve is given by:

b = 0.8.

The time it takes for the second model is of 40 hours, hence T(2) = 40, meaning that we can find the parameter a as follows:

\(40 = a(0.8)\)

a = 40/0.8

a = 50.

Then the equation is:

\(a_n = 50(0.8)^{n - 1}\)

The time it takes to assemble the eight unit, in hours, is given by:

\(a_8 = 50(0.8)^7 = 10.49\)

For the first ten units, the time is given by the following integral:

\(T = \int_{1}^{10} 50(0.8)^{n - 1} dn\)

Applying the exponential integral rule, we have that:

\(T = \frac{50}{\ln{0.8}}(0.8)^{n - 1}|_{n = 1}^{n = 10}\)

Applying the Fundamental Theorem of Calculus to solve the definite integral, the time in hours needed to produce the first ten units is given by:

\(T = \frac{50}{\ln{0.8}}[(0.8)^9 - (0.8)^0]\)

T = 194 hours.

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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.​

Answers

Today's HR departments—at least the forward-thinking ones—spend their energy managing employee engagement and bolstering culture rather than concentrating on people management and administrative responsibilities.

What is HR management?

In order to effectively and efficiently manage people in a company or organisation and provide it a competitive edge, it is known as Human Resource management (HRM or HR). In support of a company's strategic goals, it is made to optimise staff performance. The primary focus of Human Resource management, which also emphasises systems and policies, is the management of individuals inside businesses. The management of pay and benefit systems, as well as employee recruiting, training, and development, falls within the purview of HR departments, which are also in charge of regulating these areas. Organizational transformation and labour relations, or the balancing of organisational practises with obligations emerging from collective bargaining and governmental regulations, are other issues that HR is concerned with.

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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.​

QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers

Answers

Marketers need to focus on creating value for their customers. The Option D.

Why is creating value for customers crucial for marketers?

Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.

By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.

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You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.

a. How much money will you have in the account in 16 years?

Answers

Answer:

4852.80

Explanation:

1800×10.6%= 190.80 / year

190.80 × 16 years = 3052.80

3052.80 + 1800=

4852.80

A brewery produced regular beer and a low carb "light beer". Steady Customers of the brewery buy 10 units of regular beer and 15 units of light beer monthly. While setting up the brewery to produce extra beer, beyond that needed to satisfy customers. The cost per unit of regular is $32,000 and the cost per unit if light beer is $50,000. Every unit of regular beer brings in $120,000 in revenue, while every unit of light beer brings in $300,000 in revenue. The brewery wants at least $9,000,000 in revenue. At least 20 additional units of beer can be sold (a) How much of each type of beer should be made so as ti minimize total production cost (b) Suppose the minimum revenue is increased to $9,500,000.Calcualte the total production cost

Answers

Answer:

                                                Regular     Low Carb      Total

a) Units to be produced               20              22             42

(to minimize total production cost)

b) Total production costs    $704,000   $1,150,000   $1,854,000

Explanation:

a) Data and Calculations:

                                                Regular     Low Carb

Monthly customers demand         10              15

Ratio of customers demand        40%           60%

Cost per unit                           $32,000      $50,000

Revenue per unit                    120,000      300,000

Contribution per unit            $88,000    $250,000

Total required revenue = $9,000,000

With 20 additional units of beer, total units produced = 45 (25 + 20)

To minimize production costs and generate a total revenue of $9,000,000, more of the units that cost less should be produced.  Units should be produced according to the following ratio:

                                                   Regular       Low Carb       Total

New Production and Sales units  20                   22             42

                                         

Total production cost =       $640,000         $1,100,000         $1,740,000

                                       ($32,000 * 20)       ($50,000 * 22)

Total revenue =               $2,400,000        $6,600,000     $9,000,000

                                      ($120,000 * 20)      ($300,000 * 22)

To achieve a minimum revenue of $9,500,000,

New production units                  22                   23                  45

Total production cost =     $704,000         $1,150,000        $1,854,000

Total revenue =                2,640,000         6,900,000         9,540,000

10. What happens during a bank run?
The price of gold suddenly increases, which devalues bank deposits.
States charter more banks than needed.
The government orders a bank to close.
Customers attempt to withdraw more money than the bank has on hand.

Answers

The thing which happens during a bank run is:

Customers attempt to withdraw more money than the bank has on hand.

What is a Bank Run?

This refers to the mass withdrawal of funds by a large number of customers where the banks are unable to pay everyone because they do not have the capacity to make such large withdrawals.

With this in mind, we can see that during a bank run, the main thing which pushes people is the fear of insolvency so that they would not lose their money.

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An account is a record of increases and in a specific asset, liability, equity, revenue or expense.

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An account is a record of every transaction, whether it increases or decreases the value of a specific asset, liability, equity, revenue, or expense.

What is an account?

An Account is a systematic way to record all the necessary transactions relating to a specific asset, liability, equity, revenue, or expense.

An account contains all types of transactions, whether related to financial or non-financial.

Thus, an account records all types of transactions that will increase or decrease the value of the specific asset, liability, equity, revenue, and expense.

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In what ways do different ideologies and political systems influence the environment in which MNCs operate?

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Answer:

meant to cover all aspects of the society organized as a political ent called the state ... the influence the ideological "infrastructure" exerts on the latters' institu- tions and ... both of them make use, to a large extent, of identical political institutions ... reveal the different approaches and modes of thinking of various periods.

Explanation:

Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return. For 2015, Selma had cash receipts of $1.4 million, which included $200,000 collected on accounts receivable from 2014 sales. It also included the proceeds of a $100,000 bank loan. At the end of 2015, she had $250,000 in accounts receivable from customers, all from 2015 sales.

Required:
a. Compute Selma's accrual basis gross receipts for 2015.
b. Selma paid cash for all of the purchases. The total amount paid for merchandise in 2020 was $1,300,000. At the end of 2019, she had merchandise on hand with a cost of $150,000. At the end of 2020, the cost of merchandise on hand was $300,000. Compute Selma's gross income (profit) from merchandise sales for 2015.

Answers

Answer:

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Explanation:

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