Answer:
$56,950
Explanation:
We will calculate the operating cash flow as follow;
OCF = {[($55 - $28.62) 8,500 ] - $170,000} × (1 - 0.35) + ($62,000 × 0.35)
= {[$224,230] - $170,000} × 0.65 + ($21,700)
= $35,249.5 + $21,700
= $56,950
Therefore, the operating cash flow is $56,950
Suppose that with free trade, the cost to the United States of importing a sweater from Mexico is $20.00, and the cost of importing a sweater from China is $18.00. A sweater produced in the United States costs $25.00. Suppose further that before NAFTA, the United States maintained a tariff of 15% against all sweater imports. Then, under NAFTA, all tariffs between Mexico and the United States are removed, while the tariff against imports from China remains in effect. Assume that the tariff does not affect the world price of sweaters.
Before NAFTA, the United States imported sweaters from: _________
Based on the price of sweaters, it was likely that because NAFTA, the United States imported sweaters from China.
Why did the U.S. import sweaters from China?Nations will generally import from nations that charge the cheapest amount for the goods and services being imported.
Before NAFTA made Mexican sweaters cheaper thanks to the removal of tariffs, Chinese sweaters were cheaper at $18.00 which means the U.S. likely imported sweaters from China.
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which of the following is referred to as self service machine a. GSM b. ISO c. ATM d. calculator
Answer:
ATM
Explanation:
Why is it recommended that you focus more on quadrant 2 (PLAN) to be productive?
a.
Focusing on this quadrant increases planning and helps you meet your goals
b.
Focusing on this quadrant increases stress
c.
Focusing on this quadrant ensures you will never encounter a distraction
d.
Focusing on this quadrant will help you meet other people’s needs
Answer:
The reason that it is recommended to focus more on quadrant 2 (PLAN) to be productive is:
a. Focusing on this quadrant increases planning and helps you meet your goals.
Explanation:
This second quadrant of Stephen Covey's 7 Habits of Highly Effective People focuses on planning. The leader undertakes planning when it is important but not when it is urgent. This means that the leader is enabled to plan in a crisis-free moment and environment. The leader in this quadrant does not act in response to crisis. She is well-prepared for every crisis. It is the most important quadrant that any leader should aspire to be in at all times.
Marcus is studying networking with an emphasis on cybersecurity at a local university. As part of his research, he wants to visit certain hacker sites but is concerned that his laptop would be vulnerable to passive threats while visiting them. He doesn't have the funds for expensive security equipment.
Required:
What is the least expensive option he has at hand?
The least expensive option that Marcus has is to build a firewall that would help to prevent attacks from the hackers.
What is an internet fire wall?This is also known as a security device. This device would help to safe guard Marcus's computer by filtering the traffic and also blocking any form of public internet.
This option would be the most viable thing for him to do as he continues to carry out this research.
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Faith Bonds sells furniture and earns nine percent commission on her total sales. Last month she had $33,500 in sales. How much did she earn? *
Answer:
3015
Explanation:
33500*.09=3015
Answer: 2,865
Explanation: To get this answer you would have to divided 33,500 and 9%
2. The feature of the general version of the arbitrage pricing theory (APT) that offers the greatest potential advantage over the simple CAPM is the: a. Identification of anticipated changes in production, inflation, and term structure of interest rates as key factors explaining the risk-return relationship b. Superior measurement of the risk-free rate of return over historical time periods c. Variability of coefficients of sensitivity to the APT factors for a given asset over time d. Use of several factors instead of a single market index to explain the risk-return relationship
Answer: Use of several factors instead of a single market index to explain the risk-return relationship
Explanation:
Arbitrage pricing theory (APT) is when the return on an asset is forecasted when the linear relationship which exist between the expected return of the asset and the macroeconomic variables are being considered.
Capital Asset Pricing Model (CAPM) helps in showing the relationship that take place between systematic risk and an asset expected return.
The feature of the general version of the arbitrage pricing theory (APT) that offers the greatest potential advantage over the simple CAPM is the use of several factors instead of a single market index to explain the risk-return relationship as it's more robust when compared to the CAPM.
True or False: Expectations are an important consideration for both demand-pull and cost-push inflation.
Answer:
The correct answer is false
Jordan is 55 and wants to retire in 12 years. His family has a history of living well into their 90s. Therefore, he estimates that he will live to age 97. He currently has a salary of $100,000 and expects that he will need about 82% of that amount annually if he were retired. He can earn 9 percent in his portfolio and expects inflation to continue at 3 percent. Jordan currently has $325,000 invested for his retirement. His Social Security benefit in today's dollars is $30,000 per year at normal age retirement of age 67. How much does he need to save each year at year end to meet his retirement goals? a. $9,252. b. $8,432. c. $6,245. d. $7,659.
Answer:
$9,252.23 ≈ a. $9,252
Explanation:
Jordan will retire at 67 and expects to live 30 more years. Be believes that he will need approximately $82,000 (in current dollars) per year to live while he is retired. his social security benefits are $30,000 (in current dollars) per year, so that means that he needs to cover the remaining $52,000. In order to calculate this, I will assume that Jordan receives his first distribution on his 67th birthday (annuity due) and each distribution is made on an annual basis and received on the subsequent birthdays until he turns 96 (30th distribution).
The $52,000 that Jordan expects to need once he retires must be adjusted to inflation (3%). In 12 years they will equal $52,000 x (1 + 3%)¹² = $74,139.57
Using an excel spreadsheet, I calculated the present value of Jordan's 30 distributions using a 9% discount rate = $1,100,465.22
Jordan currently has $325,000 in his retirement account and in 12 years (age 67), his account will be worth $325,000 x (1 + 9%)¹² = $914,116.05
this means that Jordan will be $1,100,465.22 - $914,116.05 = $186,349.17 short
using the future value of an annuity formula, we can calculate the annual contribution:
annual contribution = future value / annuity factor
future value = $186,349.17 FV annuity factor, 9%, 12 periods = 20.141annual contribution = $186,349.17 / 20.141 = $9,252.23 ≈ $9,252
Who is the primary regulator over the
mortgage banking industry?
The primary regulator over the mortgage banking industry in the United States is the Office of the Comptroller of the Currency (OCC).
What does the Office of the Comptroller of the Currency (OCC) do?It was established by the U.S. government to oversee all national banks in the United States.
This means that it is the regulatory agency for any type of banking on the national level including mortgage banks.
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Kingbird Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the beginning of 2020 are as follows.
Employee Future Years of Service
Jim 3
Paul 4
Nancy 5
Dave 6
Kathy 6
On January 1, 2020, the company amended its pension plan, increasing its projected benefit obligation by $88,560.
Required:
Compute the amount of prior service cost amortization for the years 2020 through 2025 using the years-of-service method, setting up appropriate schedules.
Answer:
Total number of years remaining for employees = 3 + 4 + 5 + 6 + 6 = 24 years.
Projected benefit of $88,560.
Year Annual Amortization
2020 88,560 * 5/24 $18,450
2021 88,560 * 5/24 $18,450
2022 88,560 * 5/24 $18,450
2023 88,560 * 4/24 $14,760
2024 88,560 * 3/24 $11,070
2025 88,560 * 2/24 $7,380
Total $88,560
Every year the projected benefit is amortized by the number of employees still working divided by the total number of years for all the employees.
I need a congratulations to a department at work for there good work. it's also there 1 yr anniversary at a different sight
need verbiage indicating how proud we are.
Answer:
Happy 1 year anniversary! Relocating can be hard, but you guys made it look effortless. Can you believe that it’s already been a year? This year is abnormal, but you guys came through like always. We are so proud of you guys. We never could have wished for a more hard working team than you guys. Keep up the grind, and you guys will do even better!
Explanation:
I need the answer points but i already wrote something in the comments
Concord Company purchases equipment on January 1, Year 1, at a cost of $498,000. The asset is expected to have a service life of 12 years and a salvage value of $44,820.
Required:
a. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method.
b. Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method.
Answer:
depreciable value = $498,000 - $44,820 = $453,180
a. depreciation expense per year = $453,180 / 12 years = $37,765
depreciation expense year 1 = $37,765
depreciation expense year 2 = $37,765
depreciation expense year 3 = $37,765
b. total digits = 12+11+10+9+8+7+6+5+4+3+2+1 = 78
depreciation expense year 1 = 12/78 x $453,180 = $69,720
depreciation expense year 2 = 11/78 x $453,180 = $63,910
depreciation expense year 3 = 10/78 x $453,180 = $58,100
Two companies require identical skills and training from their workers. Both employ 10,000 people. On average, RealSafe has one worker fatality per year, while NotsoSafe has two worker fatalities per year. Jobs at RealSafe pay $50,000/year, while jobs at NotsoSafe pay $50,500/year. In the space below, answer the following questions, delineated by question number:_______.
1. Why do these jobs with identical requirements pay different salaries, based on the information presented here?2. What is the risk for a worker of a fatal accident at each company? What is the pay premium associated with that risk?3. The value of a statistical life is the difference in wage divided by the difference in risk. What is the value of a statistical life for workers with these skills and training?4. Do you expect this value of a statistical life to be appropriate for the population as a whole? Why or why not?
Explanation:
1. If the salary paid by both companies were same people would prefer to work at Realsafe since it more safer. But not too safe provides a higher pay which makes people accept the higher risk over there.
2.The for a worker at Realsafe is 1/10000, while at not to safe it’s 2/10000. The premium associated with that risk Is the $500/year from not to safe.
3. Value of statistical life
= 1*$500 / 1/10000
= 5,000,000.
4. If the value of statistical life is constant across all the population it’s acceptable and valid.
Which of the following is true of the master budget of a company?
a. It is a moving 12-month budget.
b. It corresponds to the calendar year of a company.
c. It is a comprehensive financial plan for an organization as a whole.
d. It is always prepared for a 5-year period.
Answer:
C, it's a plan for the entire organization.
Your uncle has $90,000 that he wishes to invest now in order to use the accumulation for purchasing a retirement annuity in five years. After consulting with his financial adviser, he has been offered four types of fixed income investments, labeled as investments A, B, C, and D. Investments A and B are available at the beginning of each of the next five years (call them years 1 to 5). Each dollar invested in A at the beginning of a year returns $1.20 (a profit of $0.20) two years later, in time for immediate reinvestment. Each dollar invested in B at the beginning of a year returns $1.36 three years later.
Answer:
The question is incomplete, it is missing the last part:
...
Investments C and D will each be available at one time in the future. Each dollar invested in C at the beginning of year 2 returns $1.66 at the end of year 5. Each dollar invested in D at the beginning of year 5 returns $1.12 at the end of year 5.
Your uncle is obligated to make a balloon payment on an existing loan, in the amount of $24,000, at the end of year 3. He wants to cover that payment out of these funds as well.
First of all, you must invest enough money in B in order to pay your debt.
present value = future value / expected return
present value = $24,000 / $1.36 = $17,647.06
you have $90,000 - $17,647.06 = $72,352.94 to invest in A.
at the end of year 2, you will have:
future value = present value x expected return = $72,352.94 x $1.20 = $86,823.53
then you should invest that money ($86,823.53) in invested D and at the end of year 4 you will have:
future value = $86,823.53 x $1.66 = $144,127.06
finally, you should invest $144,127.06 in investment E and at the end of ear 5 you will have:
future value = $144,127.06 x $1.12 = $161,422.31
method of producing surplus value. As an employer, what are your responsibilities towards employees and society?
Answer:
The primary responsibilities include the following. First, employers should provide their employees with good environment, a place a place of work and ensure that the employees have access to that place. This is through delivering equipment, tools, training all other things they require to do their job.
Explanation:
Sunspot Beverages, Ltd., of Fiji uses the FIFO method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June. Percent Completed Units Materials Conversion Work in process, beginning 20,000 100 % 75 % Started into production 180,000 Completed and transferred out 160,000 Work in process, ending 40,000 100 % 25 % Materials Conversion Work in process, beginning $ 25,200 $ 24,800 Cost added during June $ 334,800 $ 238,700 Required: 1. Compute the Blending Department's equivalent units of production for materials and conversion for June. 2. Compute the Blending Department's cost per equivalent unit for materials and conversion for June. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June. 4. Calculate the Blending Department's cost of units transferred out to the next department for materials, conversion, and in total for June. 5. Prepare a cost reconciliation report for the Blending Department for June.
Answer:
Explanation:
beginning WIP 20,000
materials 100% completed
conversion 75% completed (25% added in current period 5,000 EU)
started into production 180,000 units
completed and transferred out 160,000 units
units started and transferred out = 180,000 - 20,000 - 40,000 = 120,000 units
ending WIP 40,000 units
materials 100% completed
conversion 25% completed (10,000 EU)
beginning costs:
materials $25,200
conversion $24,800
added during the period:
materials $334,800
conversion $238,700
1. Compute the Blending Department's equivalent units of production for materials and conversion for June.
EUP for materials = 180,000 units
EUP for conversion = 5,000 + 120,000 + 10,000 = 135,000
2. Compute the Blending Department's cost per equivalent unit for materials and conversion for June.
cost per EUP for materials = $334,800 / 180,000 = $1.86
cost per EUP for conversion = $238,700 / 135,000 = $1.768148
3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June.
materials = 40,000 x $1.86 = $74,400
conversion = 10,000 x $1.768148 = $17,681.50
total = $92,081.50
4. Calculate the Blending Department's cost of units transferred out to the next department for materials, conversion, and in total for June.
materials = (140,000 x $1.86) + $25,200 = $285,600
conversion = (125,000 x $1.7681) + $24,800 = $245,818.50
total = $531,418.50
5. Prepare a cost reconciliation report for the Blending Department for June.
Beginning WIP:
Cost already incurred $50,000
Material cost 0 Conversion Cost = 5,000 x $1.768148 = $8,840.75Total $58,840.75
Started and transferred out
materials 140,000 x $1.86 = $260,400conversion costs 120,000 x $1.768148 = $212,177.75total $472,577.75Total cost of units transferred out $531,418.50
Marleen is a 52-year-old participant in the XYZ cash balance plan. She has been a participant in the plan for the last twenty years. XYZ, which has over 10,000 employees, is having financial difficulty and Marleen is concerned about the security of her pension. Which of the following is correct? a. The cash balance plan formula cannot be lowered in the future for current participants, but could be changed for new participants. b. The cash balance plan assets may include up to 25% of XYZ stock. c. The cash balance plan and its benefits are fully protected by the PBGC. d. Termination of the plan may affect vesting for some employees, but Marleen's vesting will not be impacted.
Answer:
d)Termination accelerates vesting, but based on Marleen's tenure, she is fully vested already.
Explanation:
We are informed about Marleen a 52-year-old participant in the XYZ cash balance plan. we are told that She has been a participant in the plan for the last twenty years. XYZ, which has over 10,000 employees, is having financial difficulty and Marleen is concerned about the security of her pension.
In this case let us consider the given options one after the other.
OPTION A, The cash balance plan formula cannot be lowered in the future for current participants, but could be changed for new participants.
✓This wrong, here plan sponsor can decide to do some adjustments in benefits in time future.
OPTION B)The cash balance plan assets may include up to 25% of XYZ stock.
✓This is wrong, here plan sponsor's stock can have cash balance plan assets up to 10% put into it.
OPTION C)The cash balance plan and its benefits are fully protected by the PBGC.
✓This is wrong, the PBGC only protect the benefits just for annual limit and not totally.
Hence "OPTION D" which is Termination accelerates vesting, but based on Marleen's tenure, she is fully vested already is correct.
There is a new country called Tiderce where the people's political opinions lead them to divide themselves into five different groups, representing different outlooks on how the legislature should approach public policy. These five groups based on political convictions in turn result in the formation of five political parties (each named after an animal mascot). The five parties are listed below in order from most liberal to most conservative. In the first election for the legislature in this country the people vote for their candidates and/or their parties as follows, with the vote in the whole country being the same as the vote in every part of it:_______.
Lion 20%
Tiger 24%
Bear 13%
Antelope 18%
Gazelle 25%
Which could result in the Gazelle Party’s having exactly 75% of the seats in the legislature?
Proportional representation
single member districts and majority winners
single member districts and plurality winners
Answer:
"Lion and Tiger" is the right choice.
Explanation:
Two sides are joining together in an alliance. Around each other, Lion as well as Tiger have 20 + 24 = 44% elections. Therefore no political party forms the above large percentage throughout the sequential manner. Only within chronology will parties join hands, as they are listed in order from some of the more progressive to many of the conservative, and therefore only platforms based on the common ideologies can show solidarity.Lion and Gazelle, for instance, will not join an alliance because their philosophies remain contrary.
At the end of its first month of operations, a company reported Revenue of $37,000. It also reported Wages Expense, $6,000; Rent Expense, $5,000; and Utilities Expense, $1,000. Calculate net income reported on the income statement at month-end.
Answer:
25,000
Explanation:
The net income reported on the income statement at the end of the month is $25,000.
At the end of its first month of operations, the company reported a Revenue of $37,000. Alongside this, it disclosed various expenses, including Wages Expense of $6,000, Rent Expense of $5,000, and Utilities Expense of $1,000. To calculate the net income reported on the income statement at the month-end, we need to subtract the total expenses from the revenue.
Total Expenses = Wages Expense + Rent Expense + Utilities Expense
Total Expenses = $6,000 + $5,000 + $1,000
Total Expenses = $12,000
Net Income = Revenue - Total Expenses
Net Income = $37,000 - $12,000
Net Income = $25,000
Therefore, the net income reported on the income statement at the end of the month is $25,000.
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On January 1, 2021, Calloway Company leased a machine to Zone Corporation. The lease qualifies as a sales-type lease. Calloway paid $280,000 for the machine and is leasing it to Zone for $40,000 per year, an amount that will return 11% to Calloway. The present value of the lease payments is $280,000. The lease payments are due each January 1, beginning in 2021. What is the appropriate interest entry on December 31, 2021? Multiple Choice Cash 26,400 Interest receivable 26,400 Cash 30,800 Interest revenue 30,800 Interest receivable 26,400 Interest revenue 26,400 Interest receivable 30,800 Interest revenue 30,800
Answer:
DR Interest receivable 26,400
CR Interest revenue 26,400
Explanation:
As first lease has already been paid, the amount left of the lease is;
= 280,000 - 40,000
=$240,000
Interest is 11% so the interest to be received in December is;
= 11% * 240,000
= $26,400
This will be debited to Interest receivable as it is money owed and credited to Interest revenue as it is money earned.
Over the years, the Securities and Exchange Commission (SEC) has delegated its statutory authority to establish accounting principles for publicly traded companies in the United States. This delegated authority impacts which organization(s)
The delegated authority of the Securities and Exchange Commission (SEC) on establishing accounting principles for publicly traded companies in the United States impacts all publicly held companies.
What is the role of the SEC?The Securities and Exchange Commission (SEC) is a well-recognized U.S. government oversight agency.
It is responsible for regulating the securities markets and protecting investors' investments.
It does this, by:
Maintaining fair, orderly, and efficient marketsEnsuring compliance with financial regulationsEnsuring transparency in financial reportingFacilitating capital formation.Thus, the delegated authority of the Securities and Exchange Commission (SEC) on establishing accounting principles for publicly traded companies in the United States impacts all publicly held companies.
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If a family spends its entire budget in a given time frame, the family can afford either 10 restaurant meals or 30 home meals. Assuming the family spends its entire budget on just these two goods, what is the opportunity cost of one extra restaurant meal in the time frame? (Round your answer to two decimal places.)
The opportunity cost of one extra restaurant meal in the time frame is 3 home meals.
What is opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When the family chooses to go for the restaurant meal, they forgo the opportunity for a home meal.
Opportunity cost = 30 / 10 = 3
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5. A manufacturing company decides to buy solar cells in anticipation of rising electricity costs. The company is modeling its purchase to have $20,000 for the first year, and this saving increases 5% each year for the next 20 years as the solar cells generate enough electricity to compensate for the rising power bills. If the expected rate of return for the company equals 8%, what is the maximum amount of initial investment that makes this a desirable and profitable project
If the expected rate of return for the company equals 8%, the maximum amount of initial investment that makes this a desirable and profitable project is $11,385.20.
What is the present value?The present value is the discounted value of some future cash flows. It is computed using the present value formula or table. It can also be computed using an online finance calculator as follows:
For this project, we first calculate the future value of the cost-savings from the solar project based on $20,000 and 5% increases for 20 years as follows.
N (# of periods) = 20 years
I/Y (Interest per year) = 5%
PV (Present Value) = $20,000
PMT (Periodic Payment) = $0
Results:
FV = $53,065.95 ($20,000 + $33,065.95)
Total Interest = $33,065.95
Thereafter, we compute the present value of the above future value based on an 8% expected rate of return as follows:
N (# of periods) = 20 years
I/Y (Interest per year) = 8%
PMT (Periodic Payment) = $0
FV (Future Value) = $53,065.95
Results:
PV = $11,385.20
Total Interest = $41,680.75
Thus, if the expected rate of return for the company equals 8%, the maximum amount of initial investment that makes this a desirable and profitable project is $11,385.20.
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Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39. Assume that Meekertown is too small to influence the world price of meekers once it enters the international market. If Meekertown allows free trade, then it will meekers. Given current economic conditions in Meekertown, complete the following table by indicating whether each of the statements is true or false. Statement True False Meekertownian consumers were worse off without free trade than they are with it. Meekertownian producers were worse off without free trade than they are with it.
Answer:
it's not just the way you look like you do it and you don't want it was in the best place an artist would have said you would have been playing a little bit more and a little more of the time than you would be okay with a little more than one thing in a while you have a better th the better th and a lot more than a lot more to me for a while and it was the best thing in my office for the first one of the year now I think it is the most popular movie in a long sleeve and the better of the game end is a great deal of that is it for a while now and it's a good thing in this world and the other thing you have is the fact of that matter of the day for a good reason and the better th and more of a good thing to say
you think the way you talk is important to listener?
In order to sell a product at a profit, the product must be priced higher than the total cost to build the unit, plus period expenses and overhead. At the end of last year, Digby had their product Daze aimed at the Americas Budget segment. Use the Globe's Product Analysis to find Daze's production cost (labor materials) in the Americas region. Exclude possible inventory carrying costs. Assume period expenses and overhead total 50% of their production cost. What is the minimum price the product could have been sold for in the American region to cover the unit cost, period expenses, and overhead
Answer:
$17.02.
Explanation:
Complete question: Name Daze Units Sold 987 Price $23 Customer Satisfaction 21 Accuracy 7.2 Speed 7.2 Service Life 14,000 Age 3.3 Region Kit Yes Material Costs $6.79 Labor Costs $4.56 Contribution Margin 49.27% . What is the minimum price the product could have been sold for in the American region to cover the unit cost, period expenses, and overhead?
Minimum price of the product = (6.79+4.56)*150%
Minimum price of the product = $17.02
Since, period expenses and overhead costs are 50% of production costs which are $11.35, the minimum price of the product is $17.02.
On June 1, 2018, Andre Company and Agassi Company merged to form Lancaster Inc. A total of 800,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2020, the company issued an additional 400,000 shares of stock for cash. All 1,200,000 shares were outstanding on December 31, 2020. Lancaster Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2020. Each $1,000 bond converts to 40 shares of common at any interest date. None of the bonds have been converted to date. Lancaster Inc. is preparing its annual report for the fiscal year ending December 31, 2020. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,540,000. (The tax rate is 20%.) Determine the following for 2020. (a) The number of shares to be used for calculating
The number of shares to be used for calculating the basic earnings per shares will be 1100000.
How to calculate shares?Based on the information given, the calculation for the shares will be depicted below:
The basic earnings per share will be:
= (800000 × 3/12) + (1200000 × 9/12)
= 200000 + 900000
= 1100000
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Kane Manufacturing has a division that produces two models of fireplace grates, x units of model A and y units of model B. To produce each model A grate requires 3 lb of cast iron and 6 min of labor. To produce each model B grate requires 4 lb of cast iron and 3 min of labor. The profit for each model A grate is $4.00, and the profit for each model B grate is $4.00. Also, 1000 lb of cast iron and 20 labor-hours are available for the production of fireplace grates per day. Because of a backlog of orders for model A grates, Kane's manager had decided to produce at least 150 of these grates a day. Operating under this additional constraint, how many grates of each model should Kane produce to maximize profit
Therefore, to maximize profit under this additional constraint, the Kane Manufacturing Company should produce:
Model A Model B
Units of products 150 100
What is a constraint in production?A constraint is a factor that hinders production.
A constraint can stop a company from producing the maximum units of each product model.
Constraints can emanate from the availability and quantity of the throughput, operational expense, and inventory.
Data and Calculations:Model A Model B Total Resources
Cast iron required 3 lb 4 lb 1,000 lb
Direct labor 6 min 3 min 20 labor-hours (1,200 min)
Profit per model $4.00 $4.000
Constraint:
Production of 150 of Model A, which consumes 900 minutes
This leaves 300 minutes for Model B.
300 minutes can produce 100 units of Model B (300/3).
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Discuss why South Africa as a country has a scarcity of skilled workers, and how this can be changed more especially in terms of education.Motivate your answer by providing examples to show understanding.
South Africa, as a country still experiences a scarcity of skilled workers. This should not be, given the country's population size.
What is the scarcity of skilled workers?The scarcity of skilled workers means that South African companies cannot attract the manpower they need to power the South African industry and economy.
However, this scarcity can become a thing of the past if many more South African companies can start investing in the education sector by giving out scholarships, grants, and endowing academic chairs in the universities.
This was how the economy of the United States was enabled to flourish until today. South African companies can emulate their footsteps.
Thus, South Africa, given its enormous population, has no business experiencing a scarcity of skilled workers.
Learn more about the scarcity of skilled workers at https://brainly.com/question/1787954