Answer:
Average total cost = $39
Marginal revenue = $32 per unit
Explanation:
The computation of average total cost and marginal revenue is shown below:-
Average total cost = Selling price - (Economic profit ÷ Weekly output)
= $42 - ($1,500 ÷ 500)
= $42 - 3
= $39
Marginal revenue = Marginal cost
So,
Marginal revenue = $32 per unit
Therefore for computing the average total cost and marginal revenue we simply applied the above formula.
Suppose that it could be demonstrated that a particular tariff on goods from developing countries would transfer benefits from rich Americans to poor Americans and increase total US social welfare. Why might it still be bad from a global social welfare perspective?
Answer and Explanation:
Even if tariffs on developing countries were to increase and better the welfare of poor Americans, increasing social welfare of Americans in general , it would still have a negative welfare impact globally since it would affect developing countries. Developing countries are poorer countries compared to the US, and if they are not able to export their goods to the US(a developed country) because of high tariffs, it would have a multiplier effect on the countries' economy and generally affect the welfare of individuals(even poorer people) in these countries consequently affecting global welfare.
Sales mix, three products. The Ronowski Company has three product lines of belts—A, B, and C— with contribution margins of $3, $2, and $1, respectively. The president foresees sales of 200,000 units in the coming period, consisting of 20,000 units of A, 100,000 units of B, and 80,000 units of C. The company’s fixed costs for the period are $255,000.
What is the company’s breakeven point in units, assuming that the given sales mix is maintained?
If the sales mix is maintained, what is the total contribution margin when 200,000 units are sold? What is the operating income?
What would operating income be if 20,000 units of A, 80,000 units of B, and 100,000 units of C were sold? What is the new breakeven point in units if these relationships persist in the next period?
Answer:
1. 13,236 units
2. $85,000
3. $65,000
4. 15,938 units
Explanation:
First Determine the ratio of the sales mix as follows :
Ratio = 20,000 : 100,000 : 80,000
Reduced to lowest term = 1 : 5 : 4
Then find the Company`s break-even point using the sales mix as follows ;
Break-even point (units) = Fixed Costs ÷ Contribution Margin as per sales mix
= $255,000 ÷ ($3 × 1 + $2 × 5 + $1 × 4)
= $255,000 ÷ $17
= 13,235.29 or 13,236 units
Calculation of Operating Income assuming 200,000 units are sold
Contribution :
A : (1/10 × 200,000 units) × $3 = $60,000
B : (5/10 × 200,000 units) × $2 = $200,000
C : (4/10 × 200,000 units) × $1 = $80,000
Total Contribution $340,000
Less Fixed Cost ($255,000)
Operating Income $85,000
Calculation of Operating Income if 20,000 units of A, 80,000 units of B, and 100,000 units of C were sold.
Contribution :
A : 20,000 units × $3 = $60,000
B : 80,000 units × $2 = $160,000
C : 100,000 units × $1 = $100,000
Total Contribution $320,000
Less Fixed Cost ($255,000)
Operating Income $65,000
Determination of New Sales Mix :
Ratio = 20,000 : 80,000 : 100,000
Reduced to Lowest Term = 1 : 4 : 5
Break-even point (units) = Fixed Costs ÷ Contribution Margin as per sales mix
= $255,000 ÷ ($3 × 1 + $2 × 4 + $1 × 5)
= $255,000 ÷ $16
= 15,937.5 or 15,938 units
If budgeted beginning finished goods inventory is $8,000, budgeted ending finished goods inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted cost of goods manufactured should be
Answer:
Cost of goods manufactured= $11,660
Explanation:
Giving the following information:
Beginning inventory= $8,000
Ending inventory= $9,400
COGS= $10,260
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
10,260 = 8,000 + cost of goods manufactured - 9,400
cost of goods manufactured= 10,260 - 8,000 + 9,400
cost of goods manufactured= $11,660
Greeting individual members of the audience before your presentation begins is an effective way to convey friendliness and confidence.'
a. True
b. False
The given statement is true.
The following information is considered:
By greeting the individual members of the audience prior to the presentation represent the effect way for convey the message.The message should be conveyed in the confidence also it should be friendly.Therefore, the given statement is true.
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advantages of discounted payback period
Answer:
The main advantage of the discounted payback period method is that it can give some clue about liquidity and uncertainly risk. Other things being equal, the shorter the payback period, the greater the liquidity of the project. Also, the longer the project, the greater the uncertainty risk of future cash flows.
During the year, Bramble Corp. made an entry to write off a $31400 uncollectible account. Before this entry was made, the balance in accounts receivable was $413000 and the balance in the allowance account was $34500. The accounts receivable amount expected to be collected after the write-off entry was
Answer:
The accounts receivable amount expected to be collected after the write-off entry is $378,500
Explanation:
Allowance for bad debt = $34,500
Bad debt written off = $31,400
Credit balance in allowance for bad debts = Allowance for bad debt - Bad debt written off
= $34,500 - $31,400
= $3,100
The balance in receivables account = ($413,000 - $31,400) - ($34,500 - $31,400)
= $381,600 - $3,100
= $378,500
1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,200 and a two-year service life.
2. At the end of January, $23,000 of accounts receivable are past due, and the company estimates that 30% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 3% will not be collected.
3. Accrued interest expense on notes payable for January.
4. Accrued income taxes at the end of January are $14,200.
5. By the end of January, $4,200 of the gift cards sold on January 2 have been redeemed
Prepare an adjusted trial balance as of January 31, 2018
Answer:
1 Depreciation expeense (Debit) $4,200
Accumulated depreciation (Credit) $4,200
2.Bad Debt expense (Dr.) $6,900
Accounts Receivables (Cr.) $6,900
3. Accrued Interest Expense (Dr.) $1,200
Notes Payable (Cr.) $1,200
4. Accrued Income Tax (Dr.) $14,200
Cash (Cr.) $14,200
5. Cash (Dr.) $4,200
Redemption of Gift Cards (Cr.) $4,200
Explanation:
Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income. The adjusting entries are required before trial balance is created. There are few transaction that occur after the initial recording of the transactions. These transaction needs to be adjusted before the financial statements preparation.
When the Depreciation expense is considered as a tax shield and also The larger the depreciation expense, then the lower will be the taxable income.
What is Depreciation?
The term depreciation directs to an accounting method utilized to allocate the cost of a tangible or physical asset over its useful life.
1. Depreciation expense (Debit) $4,200
Accumulated depreciation (Credit) $4,200
2. Bad Debt expense (Dr.) $6,900
Accounts Receivables (Cr.) $6,900
3. Accrued Interest Expense (Dr.) $1,200
Notes Payable (Cr.) $1,200
4. Accrued Income Tax (Dr.) $14,200
Cash (Cr.) $14,200
5. Cash (Dr.) $4,200
Redemption of Gift Cards (Cr.) $4,200
Depreciation expense is considered a tax shield. The more considerable the depreciation expense, the lower will be the taxable income. The adjusting entries are required before the trial balance is created. Few transactions occur after the initial recording of the transactions. These transaction needs to be adjusted before the preparation of the financial statements.
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A brand manager for a certain company must determine how much time to allocate between radio and television advertising during the next month. Market research has provided estimates of the audience exposure for each minute of advertising in each medium, which it would like to maximize. Costs per minute of advertising are also known, and the manager has a limited budget of
Answer:
Optimization
Explanation:
Since we were told that the brand manager has limited budget of $25,000 which makes the manager to decide that television adverts is much more effective than radio adverts making him to allocates, at least 70% of the time to television, based on this I wiill run OPTIMIZATION test reason been that optimization will help and enable me to make the best or most effective use of available resource which will in turn Reduce costs while improving the performance which is why the brand manager decide to allocate 70% to Television in order to make the business more efficient as well as cost effective.
Morrison Corporation had the following common stock record during the current calendar year: Outstanding-January 1 2,000,000 Additional shares issued 3/31 100,000 Distributed a 10% stock dividend on 6/30 Additional shares issued 9/30 100,000 What is the number of shares to be used in computing basic EPS
Answer:
the number of shares to be used in computing basic EPS is 2,100,000.
Explanation:
Basic Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks
Weighted Average Number of Common Stocks Calculation :
Common Stocks Outstanding on 1 January 2,000,000
Additional Shares 9/12 × 100,000 75,000
Additional Shares 3/12 × 100,000 25,000
Weighted Average Number of Common Stocks 2,100,000
The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $971,600 Liabilities: Current liabilities $140,000 Note payable, 6%, due in 15 years 694,000 Total liabilities $834,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $834,000 Common stock, $10 par (no change during year) 834,000 Retained earnings: Balance, beginning of year $890,000 Net income 386,000 $1,276,000 Preferred dividends $33,360 Common dividends 130,640 164,000 Balance, end of year 1,112,000 Total stockholders' equity $2,780,000 Sales $21,141,000 Interest expense $41,640 Assuming that total assets were $3,433,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.
Answer:
Ratio of fixed assets to long-term liabilities = fixed assets / long term liabilities = $971,600 / $694,000 = 1.4
Ratio of liabilities to stockholders' equity = total liabilities / stockholders' equity = $834,000 / $2,780,000 = 0.3
Asset turnover = net sales / average total assets = $21,141,000 / [($3,614,000 + $3,433,000)/2] = 6
Return on total assets = (net income + interest expense) / average total assets = ($386,000 + $41,640) / [($3,614,000 + $3,433,000)/2] = 12.14%
Return on stockholders’ equity = net income / average stockholders' equity = $386,000 / [($2,780,000 + $2,558,000) = 14.46%
Return on common stockholders' equity = net income / average common stockholders' equity = $386,000 / [($1,946,000 + $1,724,000) = 21.04%
"A husband and wife wish to open an account that allows either party to trade or draw checks; and that becomes the property of the surviving spouse if one should die. The proper ownership form is:"
Answer:
Joint Tenants with Rights of Survivorship
Explanation:
The property ownership form that is being mentioned in the question is known as Joint Tenants with Rights of Survivorship . As described, this is when two individuals share equal ownership of the property and have the equal, undivided right to keep or dispose of the property. Rights of Survivorship means that if one of the individual joint tenants dies then their ownership of the property does not pass on to the next of kin but instead is passed to the other joint tenant that is the beneficiary.
An investment adviser has a soft dollar arrangement with DEF Brokerage Company. An investment adviser representative brings a big new account to the RIA and the account owner tells the IAR to direct 50% of his trades to XYZ Brokerage Company. If execution is not an issue, then the IAR should:
Answer:
The remaining part of the question:
Which statement is TRUE?
A. Because the payment received by the IAR is small, there is no requirement to notify the client of the payment arrangement with the executing broker
B. Because the client has an investment objective of aggressive growth, requiring an active trading strategy, there is no requirement to notify the client of the payment arrangement with the executing broker
C. The IAR must notify the client of the payment arrangement with the executing broker
D. The IAR must notify RIA of the payment arrangement with the executing broker
Correct Answer:
C. The IAR must notify the client of the payment arrangement with the executing broker .
Explanation:
how is corporate income tax similar to direct tax ? (2)
Answer:
Corporate tax is an expense of a business (cash outflow) levied by the government that represents a country's main source of income, whereas personal income tax is a type of tax governmentally imposed on an individual's income, such as wages and salaries.
During July, Laesch Company, which uses a perpetual inventory system, sold 1,430 units from its LIFO-based inventory, which had originally cost $19 per unit. The replacement cost is expected to be $28 per unit.
Required: Respond to the following two independent scenarios as requested
Case 1: In July, the company is planning to reduce its inventory and expects to replace only 980 of these units by December 31, the end of its fiscal year
Prepare the entry in July to record the sale of the 1,390 units (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
Laesch Company
Journal entries:
Sale of 1,430 units
Debit Cash or Accounts Receivable $40,040
Credit Sales Revenue $40,040
To record the sale of 1,430 units of inventory at $28.
Debit Cost of goods sold $27,170
Credit Inventory $27,170
To record the cost of the goods sold at $19.
Sale of 1,390 units
Debit Cash or Accounts Receivable $38,920
Credit Sales Revenue $38,920
To record the sale of 1,390 units of inventory at $28.
Debit Cost of goods sold $26,410
Credit Inventory $26,410
To record the cost of the goods sold at $19.
Explanation:
Laesch Company can use Journal entries to record its business transactions as they occur on a daily basis. Journal entries show the accounts involved in any transaction and the one to be debited or credited. From the journal, postings are made to the general ledger into individual accounts.
Which of the following countries would likely have the greatest success is exporting television and other media to Mexico?
a. Brazil
b. Canada
c. Japan
d. Spain
Answer:
d. Spain
Explanation:
The country that would have the greatest success in doing this would be Spain. This is mainly due to the fact that Mexico's main language is Spanish just like in Spain (even though the dialect is different). The other countries listed all speak different languages which will not fair well with Mexican audiences since they will not understand the media. In Brazil, they speak Portuguese. In Canada, they speak English. In Japan, they speak Japanese.
When preparing government-wide financial statements,the modified accrual basis governmental funds are adjusted for all of the following events except?
A) Change in current assets and current liabilities from year to year
B) Long-term debt related events
C) Internal service fund activities
D) Interfund activities
Answer: Change in current assets and current liabilities from year to year
Explanation:
It should be noted that when preparing government-wide financial statements, the modified accrual basis governmental funds are adjusted for the long-term debt related events, the internal service fund activities and the interfund activities.
Therefore the correct option is A as th modified accrual basis government funds are not adjusted for the change in current assets and current liabilities from year to year.
A loan is being amortized by means of level monthly payments at an annual effective interest rate of 8%. The amount of principal repaid in the 12th payment is 1000 and the amount of principal repaid in the tth payment is 3700. Calculate t.
Answer:
Option D. 216
Explanation:
The value of "t" can be calculated using the compounding formula given as under:
Principal Amount * (1 + r)^(t-n)/n = Future Value
Here
Principal Amount is $1,000
r is 8%
n is the number of payment which is 12th here
Future Value is $3,700
By putting values, we have:
$1,000 * (1 + 8%)^(t-12)/12 = $3,700
(1.08)^ (t-12)/12 = 3.7
By taking natural log on both sides:
(t-12)/12 = 17
t = 216
A customer sells short 1,000 shares of ABC stock at $4 in a margin account. The customer must deposit:________.
A. $2,000
B. $2,500
C. $4,000
D. $5,000
Answer: $4000
Explanation:
A margin account is typically offered by a brokerage firms so that investors can borrow money in order to purchase securities.
A customer sells short 1,000 shares of ABC stock at $4 in a margin account. The customer must deposit:
= $4 × 1000
= $4000
Pricing strategy varies significantly across different market structures.
a. True
b. False
Answer:
the answer is yes or true
Explanation:
you can understand it by Pricing strategy is the overarching approach used to set pricing for a company's products and services. It doesn't define actual price points, but the pricing structure is a consequence of the strategy, and it's where you set the price customers see
2016 2017 2018 Net Income $1,200 ($500) $2,300 Net Cash Flows $500 $300 $2,800 Dividends $200 $0 $200 Issuance of Stock $2,000 $0 $0 The above amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.
Answer:
$2,600
Explanation:
We will have to focus on the annual result and the dividends that were paid because these dividends decreases the retained earnings. There is no impact of can flow while insurance of stock falls withing result for the year.
In 2016, income was $1,200 minus dividends allocated $200
= $1,200 - $200
Retained earnings= $1,000
2017 result of ($500) without dividend distribution;
Retained earnings = ($500)
2018, result of $2,300 and distribution dividends of $200
= $2,300 - $200
Retained earnings= $2,100
Total retained earnings =$1,000 + (500) + $2,100
= $2,600
Costco and other big box price clubs charge a membership fee on top of the price of goods sold to members. This is an example of
Answer: Service Charge
Explanation: a service charge goes toward the day to day running costs of a company, used to cover things like building costs, insurance, employee compensation. It is how companies like Costco are able to pass along reduced price products to members.
College Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $ 2 comma 009 comma 000 in September, $ 2 comma 240 comma 000 in October, $ 2 comma 379 comma 000 in November, and $ 2 comma 520,000 in December. College Logos sets its prices to earn an average 40% gross profit on sales revenue. The company does not want inventory to fall below $ 425 comma 000 plus 15% of the next month's cost of goods sold.Required:Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November.
Answer:
College Logos
Cost of goods sold, inventory, and purchases budget for the months of October and November:
October November
Sales $ 2,240,000 $ 2,379,000
Cost of goods sold 60% 1,344,000 1,427,400
Gross profit, 40% of sales $896,000 $951,600
Inventory Budget:
Ending Inventory $626,600 $639,110
Beginning Inventory $606,810 $626,600
Purchases Budget:
Ending Inventory $626,600 $639,110
Cost of goods sold 1,344,000 1,427,400
Cost of goods available for sale $1,970,600 $2,066,510
less Beginning Inventory $606,810 $626,600
Purchases $1,363,790 $1,439,910
Explanation:
a) Data and Calculations:
September October November December
Sales $ 2,009,000 $ 2,240,000 $ 2,379,000 $ 2,520,000
Cost of goods
sold 60% 1,205,400 1,344,000 1,427,400 1,512,000
Gross profit $803,600 $896,000 $951,600 $1,008,000
Ending Inventory $606,810 $626,600 $639,110 $651,800
Beginning Inventory $606,810 $626,600 $639,110
Purchases:
Ending Inventory $606,810 $626,600 $639,110 $651,800
Cost of goods
sold 1,205,400 1,344,000 1,427,400 1,512,000
Cost of goods available
for sale $1,812,210 $1,970,600 $2,066,510 $2,163,800
less Beginning Inventory $606,810 $626,600 $639,110
Purchases $1,363,790 $1,439,910 $1,524,690
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,405 per course taught. Denton pays its instructors $305 per student enrolled in the class. Both universities charge executives a $349 tuition fee per course attended.
A. Prepare income statements tor Kenton and Lenton, assuming that 21 students athend a course.
B. Kenton University embark on a strategy to entice students from Denton University by lowering its tuition to $240 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 40 students in its course.
C. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $240 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 40 students in its course.
D. Prepare income statements for Kenton and Denton Universities, assuming that 10 students attend a course, and assuming that both universities charge executives a $450 tuition fee per course attended.
Answer:
Kenton and Denton Universities
A. Income Statements
Kenton Denton
Tuition Revenue $7,329 $7,329
Instructors' Salaries 6,405 6,405
Net Income $924 $924
B. Kenton University embark on a strategy to entice students from Denton University by lowering its tuition to $240 per course.
Income Statement for Kenton University:
Tuition Revenue $9,600
Instructors' Salaries 6,405
Net Income $3,195
C. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $240 per course.
Income Statement for Denton University:
Tuition Revenue $9,600
Instructors' Salaries 12,200
Net Income (Loss) ($2,600)
D. Income Statement for Kenton and Denton Universities:
Kenton Denton
Tuition Revenue $4,500 $4,500
Instructors' Salaries 6,405 3,050
Net Income/(Loss) ($1,905) $1,450
Explanation:
a) Data and Calculations:
Kenton University:
Salaries to instructors per course = $6,405
Tuition fee per course = $349
Denton University:
Salaries to instructors per student = $305
Tuition fee per course = $349
b) Kenton and Denton Universities' costs are determined by their nature based on whether they are fixed or variable. These costs also determine the level of net income to be recorded by each university.
You decide to invest in a portfolio consisting of 30 percent Stock A, 30 percent Stock B, and the remainder in Stock C. Based on the following information, what is the expected return of your portfolio? State of Economy Probability of State Return if State Occurs of Economy Stock A Stock B Stock C Recession .17 - 18.8 % - 3.9 % - 22.8 % Normal .45 10.2 % 8.5 % 17.1 % Boom .38 28.6 % 15.8 % 31.7 %
Answer:
Portfolio return = 0.127744 or 12.7744% rounded off to 12.77%
Explanation:
The portfolio return is a function of the weighted average of the individual stocks returns' that form up the portfolio. The formula for portfolio return is,
Portfolio return = wA * rA + wB * rB + ... + wN * rN
Where,
w represents the weight of each stockr represents the return of each stockTo calculate the expected return of portfolio, we first need to calculate the individual stock returns.
The expected rate of return of individual stocks can be calculated as follows,
r = pA * rA + pB * rB + ... + pN * rN
Where,
pA, pB and so on represents the probability of an event or return to occur rA, rB and so on are the return in different events
For Stock A
rA = 0.17 * -0.188 + 0.45 * 0.102 + 0.38 * 0.286
rA = 0.12262 or 12.262%
For Stock B
rB = 0.17 * -0.039 + 0.45 * 0.085 + 0.38 * 0.158
rB = 0.09166 or 9.166%
For Stock C
rC = 0.17 * -0.228 + 0.45 * 0.171 + 0.38 * 0.317
rC = 0.15865 or 15.865%
Portfolio return = 0.3 * 0.12262 + 0.3 * 0.09166 + 0.4 * 0.15865
Portfolio return = 0.127744 or 12.7744% rounded off to 12.77%
Gilley Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% convertible bonds outstanding during 2015. The preferred stock is convertible into 40,000 shares of common stock. During 2015, Gilley paid dividends of $.90 per share on the common stock and $3.00 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2015 was $600,000 and the income tax rate was 30%.
Diluted earnings per share for 2015 is:_____________ (rounded to the nearest penny)
Answer:
Gilley Co.
Diluted earnings per share for 2015 is:_____________ $1.68
Explanation:
a) Data and Calculations:
Number of common stock shares = 200,000
Number of convertible preferred = 40,000
Number of convertible bonds = 45,000 ($1,000,000/$1,000 x 45)
Total shares = 285,000
Earnings = $600,000
Income tax (180,000)
Net Income $420,000
Plus preferred dividend = $60,000
Adjusted net income = $480,000
EPS = $480,000/285,000
= $1.68
b) After deducting income tax expense to arrive at the income after tax, then add the dividends of preferred stockholders before arriving at the adjusted net income for computing the earnings per share.
Given the following information, determine the beta coefficient for Stock G that is consistent with equilibrium: expected return for Stock G = 9.5%; risk-free rate of return = 3.5%; required return for the market = 9%.
Answer: 1.09
Explanation:
The variables given are consistent with the use of the Capital Asset Pricing Model to find out the value of the expected return for the stock. The formula is;
Expected Return = Risk free rate + beta ( Market return - risk-free rate)
9.5% = 3.5% + beta ( 9% - 3.5%)
6% = beta * 5.5%
beta = 6%/5.5%
beta = 1.09
30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) a. What is the yield to maturity if the bond is selling for $900?
Answer:
The answer is 15.508%
Explanation:
The annual coupon rate is:
8% x 900 x 2 / $1,000 = 14.4%
The yield to maturity as follows:
Yield to maturity (YTM) = [Coupon payment + (Face Value - Present Value) / Time to Maturity] / [(Face Value + Present Value) / 2]
=> YTM = [14.4% x $1,000 + ($1,000 - $900) / 30] / [ ($1,000 + $900) / 2] = 15.508%
________ is the idea that organizations tend to be more effective when they are structured to fit the demands of the situation.
Answer: Contingency Approach
Explanation: The contingency approach is the idea that organizations tend to be more effective when they are structured to fit the demands of the situation. By fitting to the demands of the situation, it means that they are better equipped with alternatives to be put into operation if needed, especially in the case of emergencies, or in situations where earlier arrangements failed. The approach claims that there is no best way to organize a corporation, to lead a company, or to make decisions and therefore posits that the optimal course of action is contingent (dependent) upon the demands of the situation.
________ and currency risks are to key country success factors as land costs and ________ are to key region success factors. Labor costs; exchange rates Exchange rates; environmental impact Location of markets; climate Land costs; air and rail systems Cultural issues; zoning restrictions
Answer:
A.Labor cost; proximity to customers
Explanation:
The key country success factors would be responsible for the country success i.e. labor cost and for the factors related to region success is the customer proximity i.e to become important for business success
Therefore the correct answer is labor cost and the customer proximity
Hence all the other options are incorrect
Sheffield Corp. determines that 53000 pounds of direct materials are needed for production in July. There are 3100 pounds of direct materials on hand at July 1 and the desired ending inventory is 2700 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases
Answer:
Budgeted total cost of Direct Material purchases ($) =$ 157,800
Explanation:
Raw material purchase budget is determined by adjusting the raw material usage budget for opening and closing inventory of materials.
Purchase budget = usage budgeted + closing inventory - Opening inventory
Material purchase budget = 53,000 + 2,700 - 3,100= 52,600 pounds
Note the closing inventory represents the stock of materials needed to be kept, hence it will increase the purchase budget. So we added.
On the other hand hands, the opening inventory represented what already existed , hence we subtracted it as it will reduce what will be required.
Material purchase budget ($) = purchase budget in quantity × standard price per quantity
Material purchase budget = 52,600 × $3 = $ 157,800
Budgeted total cost of Direct Material purchases ($) =$ 157,800