Answer:
B. Credit to sales revenue
Explanation:
As per revenue recognition principle, revenue should be recognized when it is earned and not when cash is received.
As per accrual basis of accounting, revenue is to be recognized when the ownership of the goods has been passed by the seller to the buyer and there is reasonable assurance that payment would be received.
When a sale is effected and goods are delivered with reasonable certainty that payment would be received, following journal entry is recorded:
Accounts Receivable A/C Dr.
To Sales Revenue
(Being equipment sold recorded)
Answer:
74.64%
Explanation:
Average sales (μ) = 50 hot dogs
Standard deviation (σ) = 7 hot dogs
In a normal distribution, the z-score for any given number of hot dogs sold, X, is determined by:
For X = 45 hot dogs:
For X = 65 hot dogs:
A z-score of -0.7143 falls in the 23.75th percentile of a normal distribution while a z-score of 2.1429 falls in the 98.39th percentile.
Therefore, the probability that he vendor will sell between 45 and 65 hot dogs is:
Answer:
270,000 units
Explanation:
Given that:
Beginning Inventory for finished goods: 31,000
Ending Inventory for finished goods : 41,000
Beginning Inventory for raw materials: 61000
Ending Inventory for raw materials: 51,000
Units planned to be sold: 260,000
We compute the produced finished goods = Ending inventory + Units sold − Beginning inventory
= 41,000 + 260,000 − 31,000 = 270,000
The number of units the company would have to manufacture during the year would be 270,000
Answer:
Explanation:
MPS Week 1 = 150
It takes 3 widgets for 1 WhatchaMacalit.
Widgets required Week 1 = 150 *3 = 450
Painting hours required Week 1 = 450*0.5 = 225 hours
Painting hours required Week 2 = 120*3*0.5 = 180 hours
Similarly, Week 3 = 75 hours
Week # 1 2 3
Widget paint 225 180 75
Answer:
b. 10,000.
Explanation:
The number of units completed in April is given by the number of units on April 1st (3,000) added to the number of units started during April (11,000) minus the number of units still in production on April 30th (4,000):
10,000 units were completed during April.
