ABC Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most
products are sold direct via its company catalogue and internet site. However, given some of its
speciality products, select farm implement stores carry ABC's products. Pricing and cost
information on three of ABC's most popular products are as follows
Item
Mini - trencher
Power fence hole auger
Grain/hay dryer
Standalone selling Price (Cost)
$3,600 ($2,000)
1,200 ($800)
14,000 ($11,000)
Respond to the requirements related to the following independent revenue arrangements for ABC
Ranch and Farm
a. On January 1,2019 ABC sells 40 augers to Mills Farm & Fleet for $48,000. Mills signs a
6-month note at an annual interest rate of 12%. ABC allows Mills to return any auger that
it cannot use within 60 days and receive a full refund. Based on prior experience, ABC
estimates that 5% of units sold to customers like Mills will be returned (using the most
likely outcomc approach). ABC's costs to recover the products will be immaterial and the
returned augers are expected to be resold at a profit
Required: Prepare the journal entry for ABC on January 1,2019 (6marks)

Which of the following best describes why you need to establish goals for your program?

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e.g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.