Answer:
Explanation:
Monthly interest = 6 / 12 = .005
principal amount a₀ = 30000
an denote the amount owed at the end of the month
amount owed at the end of one month
a₁= 1.005 x a₀ - 600
amount owed at the end of 2 nd month
a₂= 1.005 x a₁ - 600
amount owed at the end of nth month
an = 1.005x an-1 - 600 for n ≥ 1
Answer:
a. work in process inventory
Explanation:
In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.
Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.
An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.
Also, the three (3) main cost concept associated with an inventory are;
1. First In First Out (FIFO).
2. Last In First Out (LIFO).
3. Weighted average cost.
Goods that are partially completed by a manufacturer are work in process (WIP) inventory.
Answer:
The correct answer is the option A: may keep the profits.
Explanation:
To begin with, it all depends from the kind of contract that both parties have signed but the most situation that will happen after the resale of a goods that were given pack because of the breach of the contract from the buyers then the seller of the goods may keep the new profits because initially those profits will not be tied to the first contract that was breached and secondly the one that finished the contract by not accomplish one the rules was the buyer so that means that the sellers was not involved in the damage but he receive the damage from the buyer.
Option C
production orientation has Jim adopted
<u>Explanation:</u>
Production orientation accompanies the hypothesis that any goods of great quality can be willingly traded. Production Orientation is the common passageway of any firm that is essentially concerned with production manners. A production-oriented enterprise is largely concerned and converged on producing or assembling as multiple units as viable.
The unique destination is to create supreme quantity, such a firm strives to maximize its profitability by utilizing administrations of range. This procedure is sufficient simply where the potential of the goods in the store is notable or the company engages in an extremely huge increase in businesses. This kind of business thinks that if they can execute the most suitable 'mousetrap,' their clients will befall to them.
