Answer:C
Explanation: this quantity is allocatively inefficient because the marginal cost of producing the last lawnmower exceeds the marginal benefit to consumers.
Given:
April 1 - <span>Griffith publishing company received $1,548 from Santa Fe, inc. for 36-month subscriptions.
</span><span>
1,548 / 36 months = 43 per month.
Assuming that the amount is paid in cash.
Debit Credit
April 1:
Cash 1,548
Unearned Revenue 1,548
April 30:
Unearned Revenue 43
Revenue Fees 43
May 31:
Unearned Revenue 43
Revenue Fees 43
June 30:
Unearned Revenue 43
Revenue Fees 43
</span>July 31
Unearned Revenue 43
Revenue Fees 43
August 31:
Unearned Revenue 43
Revenue Fees 43
September 30:
Unearned Revenue 43
Revenue Fees 4<span>3
</span>
October 31:
Unearned Revenue 43
Revenue Fees 43
November 30:
Unearned Revenue 43
Revenue Fees 43
December 31:
Unearned Revenue 43
Revenue Fees 4<span>3
</span>
Book Value of Unearned Revenue is: 1,548 - (43*9) = 1,548 - 387 = 1,161
Since it is a monthly subscription, the unearned revenue must always have an adjusting entry at the end of the month because Griffith company has already earned some of the prepaid fees.
Numeric record management is a numeric storage technique that utilizes the last two or three digits of each number as the primary division where the record is filed. In this system, records are arranged based on numbers. This system is essential in health care data handling and employee records storage.
The first reason for storing records by the numeric technique is that allows for keeping confidential records, especially in organizations. This method identifies specific records while maintaining confidentiality. It can be of great assistance when handling medical data for patients and employee records because it applies the HIPAA rules.
Numeric record management ensures high accuracy where a high volume of files can be retrieved and re-filed frequently. A color code label is applied and it ensures file retrieval and re-shelving faster and with less confusion. The first, middle, and last number changes together with the color code. The color gives a visual clue which boosts the speed and efficiency of the filling process.
Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.
t guides the group's efforts towards achieving specific, predetermined goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.
Help Group Achieve Goals - Organize production factors, gather and organize resources, and effectively integrate resources to achieve goals. It directs the group's efforts toward achieving pre-established goals.
Learn more about management here
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Answer:
a. Value of Ending inventory $ 22025
b. Profit= $ 10429
c. Amount Remitted to the Consignor $32454
Explanation:
Windsor Company
Goods Sent on Consignment 90 * $ 480= $ 43,200
Shipping Charges $ 850
Total $44050
Cost of One Freezer = $ 44050/ 90= $ 489.44
Cost of 45 Freezers= $22025
The ending inventory value is calculated by multiplying the unit costs with the units at hand.
a. Value of Ending inventory at the Hands of the Consignee = Units* Cost Price = 45 * $ 489.44= $ 22025
Sales by the Consignee 45* $ 780= $ 35100
b. Profit= Sales - (Cost + Expenses) = $ 35100- ($22025 + $2646)
= $ 10429
Profit is calculated by subtracting all the expenses and the cost from the sales
Installation Charges $330
Advertisement Costs $ 210
Commission (6% of 35100)= $2106
Total Expenses $2646
c. Amount Remitted to the Consignor = Sales - Expenses= ( $ 35100- $2646 )= $32454