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ycow
19 days ago
15

Russell Co. received a $680 utility bill for the current month's electricity. It is not due until the end of the next month whic

h is when they intend to pay it. Which of the following general journal entries will Russell Co. make to record the receipt of the bill?
a. Utilities Expense 400
Accounts Payable 400

b. Accounts Payable 400
Utilities Expense 400

c. No journal entry is required.

d. Cash 400
Utilities Expense 400

e. Utilities Expense 400
Accounts Receivable 400
Business
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Coronado Industries is planning to sell 900 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box o
Nady [3600]
The total amount in pounds is 19,880. Given the following data: Production equals 470 boxes, with each tile box requiring 44 pounds of clay mix. Starting inventory is 4,700 pounds, and the desired ending inventory is 3,900 pounds. To find the required direct material purchase, we apply this formula: Purchases = Production + Desired Ending Inventory - Beginning Inventory. The direct material budget (in pounds) is: Production: 470 times 44 equals 20,680; Desired Ending Inventory: 3,900; Beginning Inventory: 4,700. Thus, the total pounds required equal 19,880.
5 0
2 months ago
Identify the appropriate step in the communication process.
Katen [3525]

Answer:

The right choice is option "A": Sender encodes the message.

Explanation:

Communication refers to the act of conveying information between individuals. The communication process consists of five (5) stages: encoding, planning, medium, decoding, and feedback. In the encoding phase, the message to be conveyed is formulated in the form of letters, words, or symbols prior to being transmitted through the channel.

Therefore, Crystal Jenkins is engaged in the encoding phase of communication by drafting a recommendation report.

4 0
2 months ago
Consulting life (10 points) Mt. Kinley is a strategy consulting firm that divides its consultants into three classes: associates
soldi70 [3635]

Answer:

A. 50

B. 4%

Explanation:

To determine the number of new MBA graduates that Mt. Kinley must recruit annually, we calculate the flow rate of associates by dividing the average number of associates by the flow time for associates.

Requirement A:

Flow rate of associates = Average inventory of associates / Flow time of associates

Flow rate of associates = 200/4

Flow rate of associates = 50

Thus, the company needs to hire 50 new MBAs each year.

Requirement B

The likelihood of an associate advancing to partner is 20% x 20%

This results in a probability of 4% for an associate to become a partner

Therefore, the probability that a new employee at Mt. Kinley will be promoted to partner stands at 4%

Working

The manager flow rate equals the average inventory of managers divided by their flow time

The flow rate of managers = 60/6

The flow rate for managers totals 10 per year

For partners, the flow rate is calculated as the average inventory of partners divided by their flow time

The flow rate of partners = 20/10

This results in 2 partners per year

The probability of an associate becoming a manager is given by 10/50

yielding a probability of 20%

The chances of progressing to partner stands at 2/10

indicating a 20% chance of becoming a partner

3 0
2 months ago
Brad purchased a company that is not profitable. What are two courses of action he could take to boost profits in the company?
harina [3808]

Answer: Assessing demand for the products.

Evaluate customer satisfaction.

Explanation: It’s crucial to market not just the products we have an affinity for, but rather those that customers actually seek. Our initial step should involve understanding what consumers want and ensuring their satisfaction remains high.

8 0
2 months ago
Read 2 more answers
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