Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,000; spring, 7,000; summer, 12,000. Inventory at the beginning of fall is 500 units.

Answers

Answer 1

Answer: Hello your question is incomplete attached below is the complete question

answer :

production plan ( attached below )

Total annual cost = $416,600

Explanation:

Given data of the question:

Demand forecast

Fall = 10,000 ,  winter = 8,000 , spring = 7,000,  summer = 12,000 .

Number of workers = 30, Cost of hiring = $100,

The beginning inventory = 500, Laying cost = $200,

Inventory holding cost = $5/unit, backorder cost = $10/unit, Straight time cost = $5/hr , Overtime cost = $8/hour,  productivity = 0.5 unit/worker hours

season days = 6

number of units produced by a(1) worker in 1 season = 0.5 * 8 * 60 = 240unit

∴ number of units produced by 30 workers = 240 * 6 = 7200 units

use the given data to develop a production plan using excel worksheet.

Production plan of firm ( attached below )

Total Annual cost    =SUM( G12:G17 ) = ( 2000 + 4000 + 2000 + 23000 + 336,000 + 49600 ) =  $416,600

Develop A Production Plan And Calculate The Annual Cost For A Firm Whose Demand Forecast Is Fall, 10,000;
Develop A Production Plan And Calculate The Annual Cost For A Firm Whose Demand Forecast Is Fall, 10,000;

Related Questions

what is the 4P of marketing

Answers

Answer:

The 4Ps of marketing is a model for enhancing the components of your "marketing mix"price, product, promotion, and place

Explanation:

hope it help

plss brainlys me

thanks for the points

Flexible Budgeting
At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depreciation of $2,300 for 640 hours of production. The department actually completed 600 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.
Flexible Budgeting
At the beginning of the period, the Grinding Department budgeted direct labor of $55,200 and property tax of $30,000 for 2,400 hours of production. The department actually completed 2,900 hours of production. Determine the budget for the department, assuming that it uses flexible budget.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

The flexible budget is adapting the standard costs to the actual quantity.

Fabricating Department:

Depreciation= $2,300

Standard hourly rate= 2,300/640= $3.594

The department completed 600 hours of production.

Actual budget:

Depreciation= 2,300

Direct labor= 3.594*600= 2,156.4

Total cost= $4,456.4

Grinding Department:

Property tax= $30,000

Standard hourly rate= 55,200/2,400= $23

The department completed 2,900 hours of production.

Actual budget:

Property tax= $30,000

Direct labor= 23*2,900= 66,700

Total cost= $96,700

On January 7, stockholders invest $45,000 in JumpStart in exchange for common stock. Provide the journal entry for this transaction.

Answers

Answer:

Dr Cash $45,000

Cr Common stock $45,000

Explanation:

Preparation of the journal entry

Based on the information given the appropriate Journal entry On January 7 since the stockholders invest the amount of$45,000 in JumpStart in exchange for common stock will be:

January 7

Dr Cash $45,000

Cr Common stock $45,000

(To record investment in JumpStart)

In order to update a production process, a company can spend money now or four years from now. If the amount now would be $20,000, what equivalent amount could the company spend four years from now at a compound interest rate of 15% per year?(All the alternatives presented below were calculated using compound interest factor tables including all decimal places

Answers

Answer: $34,980.13

Explanation:

The amount that the company will spend 4 years from now is simply the future value of the amount that it can spend today.

The amount to be spent today is $20,000 so the amount to be spent 4 years from now is the future value of $20,000:

= Amount * (1 + rate) ^ number of years

= 20,000 * ( 1 + 15%)⁴

= $34,980.13

Highsmith Rental Company purchased an apartment building early in 2021. There are 20 apartments in the building and each is furnished with major kitchen appliances. The company has decided to use the group depreciation method for the appliances. The following data are available:

Appliance Cost       Residual Value       Service Life (in Years)
Stoves $15,000 $3,000 6
Refrigerators 10,000 1,000 5
Dishwashers 8,000 500 4

In 2019, three new refrigerators costing $2,700 were purchased for cash. The old refrigerators, which originally cost $1,500, were sold for $200.

Requried:
a. Calculate the group depreciation rate, group life, and depreciation for 2016.
b. Prepare the journal entries to record the purchase of the new refrigerators and the sale of the old refrigerators.

Answers

Answer:

A. Group depreciation rate 17.197%

Group life 5.02 years

Depreciation for 2016 $5,675

B. 2019

Dr Stove, refrigerator and dishwasher $2,700

Cr Cash $2,700

2019

Dr Accumulated Depreciation $1,300

Dr Cash $200

Cr Stove, refrigerator and dishwasher $1,500

Explanation:

A. Calculation to determine the group depreciation rate, group life, and depreciation for 2016.

First step is the Computation of Group depreciation rate, group life and depreciation for 2016

Assets Original Residual Depreciation Estimated Depreciation

Cost Value Cost Life-Years per year-SLM

Stoves $15,000-$3,000= $12,000 6 $2,000 ($12,000/6=$2,000)

Refrigerators $10,000-$1,000=$9,000 5 $1,800 ($9,000/5=$1,800)

Dishwashers $8,000-$500=$7,500 4 $1,875

($7,500/4=$1,875)

Total $33,000 $4,500 $28,500 $5,675

Now let determine the group depreciation rate, group life, and depreciation for 2016.

Calculation for group depreciation rate using this formula

Group Depreciation Rate = Total depreciation per year ÷ Total original cost

Let plug in the formula

Group depreciation rate = $5,675 ÷ $33,000*100

Group depreciation rate= 17.197%

Calculation for Group life using this formula

Group life = Total depreciation cost ÷ Total depreciation per year

Let plug in the formula

Group life = $28,500 ÷ $5,675

Group life = 5.02 years

Calculation for Depreciation for 2016 using this formula

Depreciation for 2016= Original Cost × Group Depreciation Rate

Let plug in the formula

Depreciation for 2016 = $33,000 × 0.17197

Depreciation for 2016= $5,675

Therefore the group depreciation rate is 17.197%, group life is 5.02 years, and depreciation for 2016 is $5,675

B. Preparation of the journal entries to record the purchase of the new refrigerators and the sale of the old refrigerators.

2019

Dr Stove, refrigerator and dishwasher $2,700

Cr Cash $2,700

(To record purchase of new refrigerator)

2019

Dr Accumulated Depreciation $1,300

($1,500-$200)

Dr Cash $200

Cr Stove, refrigerator and dishwasher $1,500

(To record sale of old refrigerator)

Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share. Secondly, the company announced that all future dividends will increase by 4% annually. What is the maximum amount you should pay to purchase a share of Angelina's stock if your goal is to earn a 10% rate of return?
A. $21.60
B. $22.46
C. $27.44
D. $34.62
E. $36.00

Answers

D 34.62 is the answer (sorry if I’m wrong)

true or false

Macroeconomics deals with the behaviour of individual economic units. ​

Answers

Answer:

false. it deals with ecomonics as a whole. it's in the name dude

Answer:

False

Explanation:

Macroeconomics looks at the economy as a whole. It focuses on broad issues such as growth of production, the number of unemployed people, the inflationary increase in prices, government deficits, and levels of exports and imports.

On January 1, 2009, Erin owed $17,605 to her friend Katie, who was kind enough not to charge Erin any interest. Each month during 2009, Erin paid Katie some of the money she owed. If Erin still owed Katie $6,241 on January 1, 2010, what was the average amount of Erin's monthly payments

Answers

Answer:

$947

Explanation:

Amount of money Erin owed to Katie on Jan 1, 2009 = $17,605

owed to Katie on Jan 1, 2010 = $6,241

Amount of money Erin paid Katie each month during 2009 = $17,605 - $6,241 = $11,364

Average amount of Erin monthly payment = $11,364 / 12 months = $947

Match the definitions that follow with the term it defines.

a. Demand-based concept
b. Competition-based concept
c. Product cost concept
d. Target costing
e. Production bottleneck

1. Constraint
2. Combines market-based pricing with a cost-reduction emphasis
3. Only includes the costs of manufacturing in product cost per unit
4. Sets the price according to competitors
5. Sets the price according to demand

Answers

Answer:

1)e. Production bottleneck

2)d. Target costing

3)c. Product cost concept

4)b. Competition-based concept

5)a. Demand-based concept

Explanation:

1.) Constraint ( Production bottleneck)

A bottleneck as regards production can be explained as point of congestion that is reach in a production system, for instance in

an assembly line which takes place

as a result of arrival of workloads so quickly for the handling of production process.

2. Combines market-based pricing with

a cost-reduction emphasis(Target costing)

Target costing can be regarded as approach used in determining of life-cycle cost of product that is required to be sufficient to develop specified functionality as well as quality, making sure desired profit is ensured.

3. Only includes the costs of manufacturing in product cost per unit

(Product cost concept)

Product cost can be regarded as costs that is been incurred during creation of a product. Some of these costs are

factory overhead, direct labor as well as direct materials, and consumable production supplies.

4. Sets the price according to competitors(Competition-based concept)

Competition based pricing can be regarded as Concept that is been used in setting one's prices in relation to the prices of one's competitors.

5. Sets the price according to demand

(Demand-based concept)

Demand Based Pricing can be regarded as pricing method which is focus on customer's demand as well as perceived value of the product.

When economists say that a good is non-rival in consumption, they mean that:____.
a. more than one person can enjoy the good at the same time.
b. everyone wants the good.
c. the good is widely available.
d. no one wants the good.

Answers

Answer: When economists say that a good is no -rival in consumption, More than one person can enjoy the good at the same time

A good is excludable if someone can be prevented from using it. A good is rival in consumption if one person's use reduces others' ability to use the same unit of the good. Markets work best for private goods, which are excludable and rival in consumption. Markets do not work well for other types of goods.

Journalize the following selected transactions of Miramax Rentals. Omit explanations.

Aug. 1 Purchased two new saws on credit at $425 each. The saws are added to Mirmax's rental inventory. Payment is due in 30 days.
8 Accepted advance deposits of $125 for tool rentals that will be applied to the cash rental when the tools are returned.
20 Charged customers $1,250 on account for tool rentals. Payment is due within 30 days.
31 Paid utility bill for the month, $180.
31 Received $600 in payments from the customers that were billed for rentals on August 20.

Answers

Answer and Explanation:

The journal entries are shown below:

On Aug 1

Inventory  Dr     $850

      To Accounts payable $850

(Being inventory purchased on account)

On Aug 8

Cash Dr     $125

      To Advance deposit a/c $125

(Being cash receipts is recorded)

On Aug 20

Accounts Receivable Dr $1250

         To Rental Revenue  $1250

(Being revenue is recorded)

On Aug 31

Utility expense Dr $180

       To Cash $180

(Being cash paid is recorded)

On Aug 31

Cash Dr $600

      To Accounts Receivable a/c $600

(Being cash received is recorded)

what are the consequences on the auditor if he auditor fails to report information??​

Answers

Answer: Audit failures are routinely implicated with loss deposits, loss of employments and loss of livelihoods of individuals.

Explanation: Example of audit failures and its effects to individuals: The damage done to people's lives by audit failures is well documented

this might be helpful for you ..

Which of the following lies primarily within the realm of macroeconomics? a study of the demand for gasoline a study of how tax cuts stimulate aggregate production an analysis of supply and demand conditions in the electricity market a study of the impact of "mad cow" disease on the price of beef worldwide

Answers

Answer:

study of how tax cuts stimulate aggregate production

Explanation:

Compared to microeconomics, macroeconomics is known to deal with the big issues such as the GDP of nations, inflation and employment.  I t is focused on how an entire nations economy is performing, structured or behaving.  It uses such variables such as interest rate, taxes and government expenditures in the regulation of an economy to help it attain economic growth and to be stable

what is consumer surplus​

Answers

the difference between the consumers willingness to pay for a community and the actual price paid by them
Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium price. ... It is positive when what the consumer is willing to pay for the commodity is greater than the actual price.

Doug Allen has decided to go into the insect extermination business and to operate as Doug's Extermination Service. The following transactions were completed during the first month of operations, May, 20--.
1. Doug invested $35,000 cash in the business.
2. Purchased extermination equipment for $17,000 in cash.
3. Paid $700 rent for garage and office quarters.
4. Purchased chemicals (expense) for $1,100 from Low Glow Chem Co. on account.
5. Received $1,600 revenue for extermination service.
6. Paid telephone bill, $120
7. Paid assistant's salary, $700.
8. Earned $980 revenue for extermination service, on account.
9. Paid electric bill, $230.
10. Paid for truck repairs (expense), $145.
11. Paid $600 to Low Glow Chem Co., on account.
12. Paid $131 for gas and oil for truck (expense).
13. Received $1,400 revenue for extermination service.
14. Received $500 for services previously earned on account in transaction (8).
15. Paid assistant's salary, $900.
Required:
Write the transactions in the T accounts, then write the total of each column. If an account has entries on both sides, determine the balance and enter it on the side with the larger total.

Answers

Answer:

Doug's Extermination Service

T-accounts:

Cash

Account Titles                      Debit      Credit

Common stock                 $35,000

Extermination equipment               $17,000

Rent                                                        700

Extermination Revenue       1,600

Utilities Expense                                    120  

Salary Expense                                     700

Utilities Expense                                  230

Truck Expenses                                    145

Accounts Payable (Low Glow)            600

Truck Expense                                      131

Extermination service        1,400

Accounts Receivable           500

Salary Expense                                   900

Balance                          $17,974

Common Stock

Account Titles           Debit      Credit

Cash                                         $35,000

Extermination equipment

Account Titles           Debit      Credit

Cash                      $17,000

Rent Expense

Account Titles           Debit      Credit

Cash                         $700

Supplies Expense

Account Titles           Debit      Credit

Accounts payable   $1,100

Accounts Payable (Low Glow Chem Co.)

Account Titles           Debit      Credit

Supplies Expense                    $1,100

Cash                         $600

Balance                                      $500

Extermination Service Revenue

Account Titles           Debit      Credit

Cash                        $1,600

Accounts Receivable  980

Cash                          1,400

Balance                   $3,980

Utilities Expense

Account Titles           Debit      Credit

Cash                          $120

Cash                           230

Balance                    $350

Salary Expense

Account Titles           Debit      Credit

Cash                         $700

Cash                           900

Balance                  $1,600

Accounts Receivable

Account Titles                              Debit      Credit

Extermination Service Revenue $980

Cash                                                            $500

Balance                                        $480

Truck Expenses

Account Titles           Debit      Credit

Cash                          $145

Cash                             131

Balance                    $276

Explanation:

a) Data and Analysis:

1. Cash $35,000 Common Stock $35,000

2. Extermination equipment $17,000 Cash $17,000

3. Rent $700 Cash $700

4. Supplies Expense $1,100 Accounts Payable (Low Glow Chem Co.) $1,100

5. Cash $1,600 Extermination Service Revenue $1,600

6. Utilities Expense $120 Cash $120

7. Salary Expense $700 Cash $700

8. Accounts Receivable $980 Extermination Service Revenue $980

9. Utilities Expense $230 Cash $230

10. Truck Expenses $145 Cash $145

11. Accounts Payable (Low Glow Chem Co.) $600 Cash $600

12. Truck Expense $131 Cash $131

13. Cash $1,400 Extermination Service Revenue $1,400

14. Cash $500 Accounts Receivable $500

15. Salary Expense $900 Cash $900

Kevin Morales invests $15,451.93 now for a series of $2,900 annual returns beginning one year from now. Kevin will earn a return of 12% on the initial investment.

Required:
How many annual payments of $1,300 will Kevin receive?

Answers

Answer:

9 annual payments

Explanation:

The correct annual payment is $2,900 not $1,300 as shown below:

Kevin Morales invests $15,451.93 now for a series of $2,900 annual returns beginning one year from now. Kevin will earn a return of 12% on the initial investment.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

How many annual payments of $2,900 will Kevin receive?

In a bid to determine the number of annual payments of $2,900 that Kevin would receive, we can make use of a financial calculator bearing in mind that the calculator would be set to its default end mode before making the below inputs and that the amount invested today is the present value of annual payments

PMT=2900(amount of each annual payment)

I/Y=12(the rate of interest to be earned annually without the "%" sign)

PV=-15451.93 (amount invested, it is negative since it is an outflow)

FV=0(after all annual payments have been received, number of outstanding annual payments would be nil)

CPT

N=9.00

CDB stock is currently priced at $77. The company will pay a dividend of $5.37 next year and investors require a return of 11.8 percent on similar stocks. What is the dividend growth rate on this stock

Answers

Answer:

4.82%

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

77 = 5.37 / (0.118 - g)

77(0.118 - g)  =5.37

(0.118 - g) = 5.37 / 77

(0.118 - g) = 0.069740

g = 0.118 - 0.069740

g = 0.04826

g = 4.82%

Sandhill Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred.

June
1 Purchased books on account for $2,575 (including freight) from Catlin Publishers, terms 2/10, n/30.
3 Sold books on account to Garfunkel Bookstore for $1,300. The cost of the merchandise sold was $900.
6 Received $75 credit for books returned to Catlin Publishers.
9 Paid Catlin Publishers in full.
15 Received payment in full from Garfunkel Bookstore.
17 Sold books on account to Bell Tower for $1,150. The cost of the merchandise sold was $750.
20 Purchased books on account for $900 from Priceless Book Publishers, terms 3/15, n/30.
24 Received payment in full from Bell Tower.
26 Paid Priceless Book Publishers in full.
28 Sold books on account to General Bookstore for $1,900. The cost of the merchandise sold was $970. 30 Granted General Bookstore $130 credit for books returned costing $90.

Required:
Journalize the transactions for the month of June for Sandhill Warehouse, using a perpetual inventory system.

Answers

Answer:

01-Jun

Dr Inventory $2,575

Cr Accounts Payable $2,575

03-Jun

Dr Accounts Receivable $1,300

Cr Sales $1,300

03-Jun

Dr Cost of goods sold $900

Cr Inventory $900

06-Jun

Dr Accounts Payable $75

Cr Inventory $75

09-Jun

Dr Accounts Payable $2,500

Cr Cash $2,450

Cr Inventory $50

15-Jun

Dr Cash $1,300

Cr Accounts Receivable $1,300

17-Jun

Dr Accounts Receivable $1,150

Cr Sales $1,150

17-Jun

Dr Cost of goods sold $ 750

Cr Inventory $ 750

20-Jun

Dr Inventory $ 900

Cr Accounts Payable $ 900

24-Jun

Dr Cash $1,127

Dr Sales Discounts $ 23

Cr Accounts Receivable $1,150

26-Jun

Dr Accounts Payable $ 900

Cr Cash $873

Cr Inventory $27

28-Jun

Dr Accounts Receivable $1,900

Cr Sales $1,900

28-Jun

Dr Cost of goods sold $970

Cr Inventory $970

30-Jun

Dr Sales Returns & Allowances $130

Cr Accounts Receivable $130

30-Jun

Dr Inventory $90

Cr Cost of goods sold $90

Explanation:

Preparation of the journal entries for the month of June for Sandhill Warehouse, using a perpetual inventory system.

01-Jun

Dr Inventory $2,575

Cr Accounts Payable $2,575

03-Jun

Dr Accounts Receivable $1,300

Cr Sales $1,300

03-Jun

Dr Cost of goods sold $900

Cr Inventory $900

06-Jun

Dr Accounts Payable $75

Cr Inventory $75

09-Jun

Dr Accounts Payable $2,500

($2,575-$75)

Cr Cash $2,450

($2,500-$50)

Cr Inventory $50

($2,500*2%)

15-Jun

Dr Cash $1,300

Cr Accounts Receivable $1,300

17-Jun

Dr Accounts Receivable $1,150

Cr Sales $1,150

17-Jun

Dr Cost of goods sold $ 750

Cr Inventory $ 750

20-Jun

Dr Inventory $ 900

Cr Accounts Payable $ 900

24-Jun

Dr Cash $1,127

($1,150-$23)

Dr Sales Discounts $ 23

($1,150*2%)

Cr Accounts Receivable $1,150

26-Jun

Dr Accounts Payable $ 900

Cr Cash $873

($900-$27)

Cr Inventory $27

(900*3%)

28-Jun

Dr Accounts Receivable $1,900

Cr Sales $1,900

28-Jun

Dr Cost of goods sold $970

Cr Inventory $970

30-Jun

Dr Sales Returns & Allowances $130

Cr Accounts Receivable $130

30-Jun

Dr Inventory $90

Cr Cost of goods sold $90

Mới ra trường nên làm công ty nhỏ của người quen lương 8 triệu, hay công ty lớn lương 7 triệu

Answers

Answer:

small company

Explanation:

As the company grows, I also have the experience of being an important part of the company, that's my opinion

Bundling:__.
A. is illegal in most U.S. states.
B. increases transaction costs for consumers.
C. is when firms sell multiple separate goods together for a single price.
D. is where a firm wraps its fragile goods in special packaging and charges a higher price than if the goods are put into regular packaging.

Answers

Answer:

c

Explanation:

Bundling is when separate products of a company are combined together and sold to customers usually at a lower price

Given the following production plan, use a chase production strategy to compute the monthly production, ending inventory/(backlog), net requirements and required workforce levels. A worker can produce 75 units per month. Assume that the beginning inventory in January is 750 units, and the firm desires to have 750 units of inventory at the end of June.

Month Jan Feb Mar Apr May Jun
Demand 2100 3000 5100 6000 4800 2400

Required:
a. What are the net requirements for January?
b. What month has the highest number of workers required?
c. What is the production level for June?
d. How many people will be employed for the month of January?

Answers

Answer:

Computation of the monthly production, ending inventory/(backlog), net requirements and required workforce levels:

a. The net requirements for January = 2,025 units and 27 workers.

b. The month with the highest number of workers required is April.

c. The production level for June is 2,475 units

d. 27 workers will be employed for the month of January.

Explanation:

a) Data and Calculations:

Production per worker per month = 75 units

Beginning inventory in January = 750 units

Desired ending inventory in June = 750 units

Production Schedule, using the chase production strategy:

Month                                     Jan      Feb      Mar       Apr      May      Jun

Beginning inventory               75          0          0            0          0          0

Monthly production          2,025   3,000   5,100   6,000   4,800   2,475

Net requirements              2,100   3,000   5,100   6,000   4,800   2,400

Ending inventory/(backlog)      0          0          0           0          0         75

Required workforce levels    27        40        68         80        64         33

You are planning to save for retirement over the next 25 years. To do this, you will invest $1,000 a month in a stock account and $700 a month in a bond account. The return of the stock account is expected to be 9 percent, and the bond account will pay 6 percent. When you retire, you will combine your money into an account with a return of 7 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period

Answers

Answer:

Monthly withdraw= $12,452.6

Explanation:

First, we need to calculate the total accumulated at the moment of retirement. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Stock:

Monthly investment= $1,000

Interest rate= 0.09/12= 0.0075

Number of periods= 25*12= 300 months

FV= {1,000*[(1.0075^300) - 1]} / 0.0075

FV= $1,121,121.94

Bond:

Monthly investment= $700

Interest rate= 0.06/12= 0.005

Number of periods= 25*12= 300 months

FV= {700*[(1.005^300) - 1]} / 0.005

FV= 485,095.77

Total FV= 1,121,121.94 + 485,095.77

Total FV= $1,606,217.71

Now, the annual withdrawal:

Interest rate= 0.07/12= 0.005833

Number of months= 12*20= 240

Monthly withdraw= (FV*i) / [1 - (1+i)^(-n)]

Monthly withdraw= (1,606,217.71*0.005833) / [1 - (1.005833^-240)]

Monthly withdraw= $12,452.6

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as

a. cultural, lifestyle, and demographic changes.
b. the birth of new industries, new knowledge, and disruptive technologies.
c. weather, climate change, and water shortages.
d. interest rates, exchange rates, unemployment rates, inflation rates, and economic growth.
e. how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.

Answers

Answer:

E

Explanation:

How often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.

The strategy decision making about the industry and competitive conditions involve evaluating the prices, buyer sensitivity to the prices, serviceability & frequency.

Oriole Inc. had beginning inventory of $11,400 at cost and $20,600 at retail. Net purchases were $127,926 at cost and $181,000 at retail. Net markups were $9,500, net markdowns were $6,900, and sales revenue was $148,900. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Answers

Answer:

Ending inventory at cost using the conventional retail method is $36,498.

Explanation:

Note: See the attached excel file for the computation of Goods available for sales and Ending inventory at Retail.

From the attached excel file, we have:

Goods available for sales at Cost = $139,326

Goods available for sales at Retail = $211,100

Ending inventory at Retail  = $55,300

Therefore, we have:

Ratio of goods available for sales of Cost to Retail = Goods available for sales at Cost / Goods available for sales at Retail = $139,326 / $211,100 = 0.66, or 66%

Ending inventory at Cost = Ending inventory at Retail * Ratio of goods available for sales of Cost to Retail = $55,300 * 66% = $36,498

Therefore, ending inventory at cost using the conventional retail method is $36,498.

Mehta Company traded a used welding machine (cost $9,000, accumulated depreciation $3,000) for office equipment with an estimated fair value of $5,000. Mehta also paid $3,000 cash in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.)

Answers

Answer:

Debit : Office Equipment at Fair Value $5,000

Debit : Accumulated depreciation - Welding machine  $3,000

Debit : Profit and Loss $4,000

Credit  : Cash $3,000

Credit  : Cost of Welding Machine $9,000

Explanation:

If the exchange has commercial substance, the assets acquired is deemed to have a cost equal to the Fair Value of Asset given up.

Thus Fair Value of Asset given up (Welding Machine) is $5,000. This becomes the Cost of the New Asset - Office Equipment.

The Cost and Accumulated depreciation of the Old Asset are derecognized by Crediting and Debiting the respective Accounts. Also Cash advanced is recognized.

This journal calculates the Profit or Loss on the Exchange as $4,000 (loss).

Explain the concept of a Pereto Chart - provide an example - explain how the concept of the Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization.

Answers

Answer:

a. A Pareto Chart is a graph that shows the frequency of flaws and their overall impact.

b. For instance, by using Pareto Charts, you might discover that putting in 13% of the effort yields 87% of the results. Alternatively, 30% of underlying causes might be addressed to solve 70% of problems.

c. Pareto charts are important for deciding which defects or negative risks should be prioritized in order to achieve the best overall results.

Explanation:

a. Explain the concept of a Pereto Chart

A Pareto Chart is a graph that shows the frequency of flaws and their overall impact. A Pareto chart is a fundamental quality tool that can be used to identify the most common problems, complaints, or any other countable and categorizeable factor. A Pareto chart is a form of graph that includes both bars and a line graph, with bars representing individual values in descending order and a line representing the cumulative total.

b. Provide an example

The Pareto Principle explains how there is frequently a lack of symmetry between the labor you do and the outcomes you get. For instance, by using Pareto Charts, you might discover that putting in 13% of the effort yields 87% of the results. Alternatively, 30% of underlying causes might be addressed to solve 70% of problems.

b. Explain how the concept of the Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization.

A Pareto diagram is used to distinguish between the important and inconsequential components of a problem. It frequently shows the most common sources of defects, the most common type of fault, the most common grounds for customer complaints, and so on in quality control.

Therefore, Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization as it allows a project team or an organisation to know where to focus their improvement efforts by graphically distinguishing the parts of an issue. Pareto charts are therefore important for deciding which defects or negative risks should be prioritized in order to achieve the best overall results.

On January 1, 2019, Wasson Company purchased a delivery vehicle costing $36,500. The vehicle has an estimated 6-year life and a $3,500 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method

Answers

Answer:

Book value= $25,500

Explanation:

Giving the following information:

Purchase price= $36,500

Residual value= $3,500

Useful life= 6 years

First, we need to calculate the annual depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (36,500 - 3,500) / 6

Annual depreciation= $5,500

Now, the accumulated depreciation and book value:

Accumulated depreciation= 5,500*2= $11,000

Book value= 36,500 - 11,000

Book value= $25,500

Bryant Investments is putting out a new product. The product will pay out $32,000 in the first year, and after that the payouts will grow by an annual rate of 2.75 percent forever. If you can invest the cash flows at 7.25 percent, how much will you be willing to pay for this perpetuity

Answers

Answer:

PV= $711,111.11

Explanation:

Giving the following information:

Cash flow (Cf)= $32,000

Annual growth (g)= 2.75%

Interest rate (i)= 7.25%

To calculate the present value (the amount that you are willing to pay), we need to use the following formula:

PV= Cf / (i - g)

PV= 32,000 / (0.0725 - 0.0275)

PV= $711,111.11

1. Describe how a global project can be more complex than a project performed within just one country. How might these elements affect the successful outcome of the global project

Answers

Answer:

Globalization alters the project's characteristics. Multinational and multilingual initiatives are possible in global projects. Managers must be able to communicate with individuals from diverse nations.

A manager requires a different set of skills to manage projects on a global scale. The following are things he should be aware of:

Cultural sensitivity

Learn about the other organizations' traditions.

ability to operate in a fast-paced, unpredictably changing workplace

Create a productive team.

Develop a sense of trust

All of these elements are equally crucial for the project's worldwide success.

The initiatives that are held at a worldwide level are more difficult.

PLEASE HELP !!!

start with define what is limits of authority, then give examples ​

Answers

Answer:

"Authority limits" are an essential part of the creation of a qualified organization. There are a number of advantages and requirements in setting such limits.

A philosophy scholar who publishes books is an example of authority.

Explanation:

The source of strength is limited authority. The ability to say, "I cannot agree to your offer because the manager does not let me do so or since company policy does not allow you to do so" is an effective way of saying 'no' and of finding out how hard it is for the rest to work to reach a better understanding. One way to simultaneously limit your power and gain power is through corporate limitations.

Authority organizational restrictions are common. Each of us met such limits without much resistance and accepted them. When you next wish to think about or try to make further concessions, tell the other party you should discuss the issue with one or more of your organization's following people:

Your boss. Your partner."Committee" members.One or more of your assistants.One or several of your colleagues.The accountant or the controller.Your lawyer. The banker who loans money for you.Your wife or friend. Managers in other departments such as production, quality, or sales.Your client.Your supplier.

Most negotiators feel uncomfortable with their authority's corporate constraints. I would advise you not to reject these restrictions, but to welcome them. It will facilitate pushing for your desired agreement.

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