Clarifying the assignment would be the initial action John should undertake to expand Kerry's duties.
Explanation:
Option A: When new responsibilities are introduced, John must first clarify the nature of these tasks. This approach will help Kerry manage her work efficiently.
Option B: Although feedback is beneficial, it's not the initial step for adding responsibilities.
Option C: Informing others is John's duty, not Kerry's, thus, this option is not valid.
Option D: While accountability is essential, it comes at a later stage.
Answer:
The question is rephrased to include the options:
A. The production order quantity model applies under conditions where the basic EOQ model's assumptions hold true, except that receiving is not instantaneous.
B. Average inventory exceeds half the quantity of production order.
C. Due to the non-instantaneous receipt, some items are used immediately rather than being stored.
D. All other things being equal, a lower demand rate to production rate ratio results in a smaller production order quantity.
E. All options are true.
The right answer is option B, "Average inventory is more than one-half of the production order quantity."
Explanation:
Having inventory allows for a division within the production stages, separating finished products from those that are not yet completed, potentially generating income for the company.
An average inventory will be less than half of the production order quantity.
The production order quantity model allows for gradual receipt of orders rather than a single bulk delivery.
This model aids companies in managing their inventory holding costs and average fixed ordering expenses, ultimately helping them to check and reduce inventory costs and providing clarity on appropriate production quantities at any time.
Response:
cash 110,000 debit
land 100,000 credit
gain from disposal 10,000 credit
--to document the land sale--
accounts payable 80,000 debit
cash 80,000 credit
--to record the settlement of debts--
gain from disposal 10,000 debit
Morgan 7,500 credit
Halsted 2,500 credit
--to allocate gains from sale--
Morgan 22,500
Halsted 7,500
Cash 30,000
--to dissolve the partnership--
Clarification:
ratio 3:1 (3+1=4)
Morgan 15,000 share of 3/4 = 75%
Halsted 5,000 share of 1/4 = 25%
a gain of 10,000 from the sale is shared as follows
Morgan 10,000 x 75% = 7,500
Halsted 10,000 x 25% = 2,500
Next, we close the accounts against cash
Net worth is calculated as total assets minus total liabilities.
The total assets are
325,000 + 750 + 15,000 + 8,000 + 2,100
which equals 350,850.
Concerning total liabilities, we calculate
245,000 + 9,000
for 254,000.
Thus, net worth is evaluated as
350,850 - 254,000
resulting in 96,850.
I hope this helps!
a. Using FIFO, the Cost of Goods Sold (COGS) is $17,640, while the Ending Inventory equals $12,960.
b. Under LIFO, COGS totals $19,160, while the Ending Inventory is $11,440.
c. The Weighted Average COGS is $18,360, and the Weighted Ending Inventory is $12,240.
For Cortez Company, the inventory particulars include initial stock of 100 units from $60/unit amounting to $6,000, first batch purchase of 150 units at $68 each totaling $10,200, and a second batch of 200 units at $72 each totaling $14,400, culminating in a total of 450 units valued at $30,600.
Queries about how COGS and Ending Inventory figures manifest under various methods (FIFO, LIFO, and Weighted Average) can be addressed based on those computations.
