A high quality wine is typically identified by three attributes: (a) its vintage, (b) its variety, and (c) its region. For example, the Optima Winery of Santa Rosa, California produced a wine with a label that stated: 1984, Cabernet Sauvignon, Sonoma County. The wine in the bottle may be a blend of wines, not all of which need be of the vintage, variety, and region specified on the label. In this case, the state of California and the U. S. Department of Alcohol, Tobacco, and Firearms strictly enforce the following limits. To receive the label 1984, Cabernet Sauvignon, Sonoma County, at least 95% of the contents must be of 1984 vintage, at least 75% of the contents must be Cabernet Sauvignon, and at least 85% must be from Sonoma County. Required:
How small might be the fraction of the wine in the bottle that is of 1984 vintage and of the Cabernet Sauvignon variety andfrom grapes grown in Sonoma County

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.