Amount to be recorded for accounts receivable would be $15000.
<u>Explanation:</u>
Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by the customers till now. So they will go in the accounts to still be receivable.
Answer:
$3,850
Explanation:
The computation of the machine's second-year depreciation under the straight-line method is shown below:
= (Cost of the machine - salvage value) ÷ (estimated useful life)
= ($43,500 - $5,000) ÷ (10 years)
= ($38,500) ÷ (10 years)
= $3,850
In this method, the depreciation is the same for all the remaining useful life. Therefore, for the second year also, the depreciation expense is the same i.e $3,850
Answer:
True
Explanation:
As in the lean philosophy the production is based on specific customer demands, there are chances that when the order is received then the inventory required is not present and that the inventory is not held in hand.
Whereas in the traditional philosophy the production is based on the principle of budgets and sales forecast, accordingly the sales keeps on moving and the inventory is also held in hand prior to confirmation of order from customers.
Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.
Answer:
Threats in its external environment.
Explanation:
Situational analysis can be described as the thorough examination of the internal and external constituents of an organization.
Situational analysis is employed by different organizations to help identify their strengths and weaknesses. It helps to examine the capabilities of employees within an organization.
Situational analysis helps to identify the current strategies and activities that have been put in place inorder to solve problem. It also helps to get a clear insight into the different opinions and experiences of stakeholders.
