Business College

Determine if management made the correct decision to not process the table cleaner further by doing the following.

(1) Calculate the company’s total weekly gross profit assuming the table cleaner is not processed further.

Total weekly gross profit $enter total weekly gross profit in dollars

(2) Calculate the company’s total weekly gross profit assuming the table cleaner is processed further.

Total weekly gross profit

Answers

Answer 1

Weekly gross profit if not further processed = $100,700

weekly gross profit if it is further processed = $125,100

For answering the questions first we have to make a table for analysation of all the products of both the cases

Kindly refer to the tables attached

As we can see that gross profit in further processed column is higher than in not to further process column.

So management made the wrong decision as they had a loss of $24,400.

Hence , it should have been processed further.

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Determine If Management Made The Correct Decision To Not Process The Table Cleaner Further By Doing The

Related Questions

Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a num- ber of activities that must be completed before a training program of this nature could be conducted. The activities, immediate pre- decessors, and times appear in the accompanying table: A—2 B—5 C—1 D B 10 E A, D 3 FC6 G E, F 8
Develop an AON network for this problem.
b) What is the critical path?
c) What is the total project completion time?
d) What is the slack time for each individual activity?

Answers

The Critical Path is B-D-E-G. See the definition of Critical Path below.

What is the meaning of Critical Path?

Critical Path refers to the order of steps that determines the shortest amount of time required for a task.

What is the total project completion time?

The Total Project completion time is 34 days. This is derived from the AON Network for the problem. See the attached.

What is an AON Diagram?

AON (Activity - on -Node) diagram is a fundamental kind of logic diagram utilized for activity scheduling.

What is the slack time for each individual activity?

Slack time is the duration of a job that can be postponed without affecting other tasks or the project's completion deadline.

Hence, the slack time for EACH activity is given as follows:

A : 22-8 = 14

B : 0

C : 34 -19 = 15

D : 0

E : 0

F : 34-19 = 15

G : 0

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Journalize this transaction as if jumpstart paid cash

Answers

The journal entry for the provided transaction is recorded by debiting the office supplies and crediting the cash with equal amounts of $870.

What is a journal entry?

A journal entry is an entry passed in the book of the journal to record the financial transactions of a company.

The journal entry is recorded as follows:

Date Particulars Debit Credit

Jan 12 Office supplies 870

Cash 870

(To record the purchase of office supplies in cash)

The complete question should be as follows:

On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash.

Therefore, the journal entry is described and recorded as above.

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Interest expense on the $30,000 loan obtained from the city council on August 1 should be recorded.

Answers

The Journal entry for the Interest expense on the $30,000 loan will include a debit to Interest Expense account and a credit the Accrued Interest Payable account.

What is an Interest expense?

This refers to cost incurred for borrowed funds such as on bonds, loans, convertible debt etc.

The effect on this on the journal entry is that its increases the expense and payable accounts.

Therefore, the record will include a debit to Interest Expense account and a credit the Accrued Interest Payable account.

Answers

The filing of a document by a co-worker allows one to copy the document in case of an emergency, so both the person and the supervisor will be able to access it.

What is a document?

A piece of paper containing a material information, whether legally registered or not, is known as a document. However, as the times have evolved, a document can also be in an electronic form, other than paper.

Hence, option A holds true regarding the document of the co-worker.

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