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Sylvia Elena
Answers (4)
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Which of the following accounts should be closed to Retained Earnings at the end of the fiscal year?
A) Service Revenue
B) Equipment
C) Prepaid Insurance
D) Unearned Rent
A) Service Revenue
B) Equipment
C) Prepaid Insurance
D) Unearned Rent
On Jun 15, 2024
A
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List the purposes of the law and discuss why these purposes are necessary for an ordered society.
On Jun 15, 2024
Purposes of the law are listed as follows:
1. Providing order such that one can depend on a promise or an expectation of obligations
2. Serving as an alternative to fighting
3. Facilitating a sense that change is possible, but only after a rational consideration of options
4. Encouraging social justice
5. Guaranteeing personal freedom
6. Serving as a moral guide by indicating minimal expectations of citizens and organizations
Students' opinion will vary on discussion of why the law is necessary for an ordered society. Ideas would include enforcement of contracts, protection of underprivileged members of society, and the provision of a remedy for injustice.
1. Providing order such that one can depend on a promise or an expectation of obligations
2. Serving as an alternative to fighting
3. Facilitating a sense that change is possible, but only after a rational consideration of options
4. Encouraging social justice
5. Guaranteeing personal freedom
6. Serving as a moral guide by indicating minimal expectations of citizens and organizations
Students' opinion will vary on discussion of why the law is necessary for an ordered society. Ideas would include enforcement of contracts, protection of underprivileged members of society, and the provision of a remedy for injustice.
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The following data relate to direct labor costs for the current period:Standard costs9,000 hours at $5.50Actual costs8,500 hours at $5.75What is the direct labor rate variance?
A) $2,250 unfavorable
B) $2,125 unfavorable
C) $2,250 favorable
D) $2,125 favorable
A) $2,250 unfavorable
B) $2,125 unfavorable
C) $2,250 favorable
D) $2,125 favorable
On May 19, 2024
B
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A consultant has been brought in to a manufacturing plant to help apply six sigma principles. Her first task is to work on the production of rubber balls. The upper and lower spec limits are 21 and 19 cm respectively. The consultant takes ten samples of size five and computes the sample standard deviation to be .7 cm and the sample mean to be 19.89 cm. Compute Cp and Cpk for the process. Give the consultant advice on what to do with the process based on your findings.
On May 16, 2024
CP = (21 - 19)/(6∗.7) = .476
Cpk = min ( (21 - 19.89)/ (3∗.7), (19.89 - 19)/(3∗.7)) = .424
The very low capability metrics mean the process is not controllable within three-sigma limits. The consultant should therefore focus on assignable variation.
Cpk = min ( (21 - 19.89)/ (3∗.7), (19.89 - 19)/(3∗.7)) = .424
The very low capability metrics mean the process is not controllable within three-sigma limits. The consultant should therefore focus on assignable variation.