Your salami manufacturing plant can order up to 1,000 pounds of pork and 2,400 pounds of beef per day for use in manufacturing its two specialties: count dracula salami and frankenstein sausage. production of the count dracula variety requires 1 pound of pork and 3 pounds of beef for each salami, while the frankenstein variety requires 2 pounds of pork and 2 pounds of beef for every sausage. in view of your heavy investment in advertising count dracula salami, you have decided that at least one third of the total production should be count dracula. on the other hand, because of the health-conscious consumer climate, your frankenstein sausage (sold as having less beef) is earning your company a profit of $6 per sausage, while sales of the count dracula variety are down and it is earning your company only $1 per salami. given these restrictions, how many of each kind of sausage should you produce to maximize profits, and what is the maximum possible profit? hint [see example 3.]

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Explain the relationship between consumers and producers in economic growth and activity

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.