All categories

1 year ago

Being on time in business situations generally means being about ________________.

Business

1 answer:

Alla [95]1 year ago

4 0

Answer:

Being on time in business situations generally means being about 5 minutes early

Explanation:

5 minutes late is acceptable with a brief apology. Ten to fifteen minutes late requires a phone call to warn of the delay and to apologize.

You might be interested in

The annual budgeted conversion costs for a lean cell are $180,000 for 1,000 production hours. Each unit produced by the cell req

iren2701 [21]

Answer: Please see in explanation column

Explanation:

Budgeted Conversion Cost $ 180,000

Total Production hours = 1,000 hours

Conversion cost per production hour = 180,000/1,000 = $ 180 per hour

Production time per unit produce = 20 minutes

Conversion cost per unit -- first mins change to hrs

60min = 1 hour

20 min= 20/60=0.33hr

$ 180 x 0.333333 = $ 59.999per unit

Material cost per unit = $ 30 per unit

Total cost per unit production =

Material cost per unit+ conversion cost per unit = 30+ 59.999= $ 89.999per unit

a)Material Required per unit = $30 per unit

Material purchase for 500 units =30 x 500 = $15,000

b)Conversion cost per unit produce = $ 59.999 per unit

number of units for conversion= 600

Conversion Cost applied for 600 units =( 600 x 59.999 = $35,999.4 rounded to $36,000

Total cost of goods complete per unit = $ 89.999 per unit

Number of units completed = 450 units

Total Cost of Goods completed = 450 x 89.999= $ 40,499.55 =$40,500

A) JOURNAL ENTRY For purchase of raw material for 500 units at $30

Accounts title Debit Credit

Raw and In process Inventory 15,000

Accounts Payable 15,000

B)JOURNAL ENTRY For applied conversion cost to in process inventory for 600 units at $59.999

Raw and in process inventory $36,000

Conversion Cost $36,000

C)JOURNAL ENTRY For completing 450 units at a total cost of $89.999

Finished Goods Inventory $ 40,500

Raw and in Process Inventory $ 40,500

6 0

3 years ago

Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equil

vova2212 [387]

Answer:

Positive economic profit

Explanation: In the economic profit, we have to consider the revenue earned and the cost of production including the opportunity cost. In the scenario above, the economic profit is positive, because, the average and marginal cost falls by $0.15 at a time when the sales price of the product is $0.20. The economic profit here is positive, due to the further reduction in the marginal and average price of an important material in the production process. In this scenario, due to positive economic profit, the New firms are attracted to the market.

6 0

3 years ago

Over the first four years of a company's life, it earned the following net income (loss):______.

Gelneren [198K]

Answer:

$700

Explanation:

The computation of the average dividend amount paid is as follows:

Total net income for first four years is

= $6,000 + $4,000 + $7,000 - $3,000

= $14,000

And, the ending retained earning balance after 4 years is $11,200

So, the dividend payment would be

= $14,000 - $11,200

= $2,800

For per year it would be

= $2,800 ÷ 4 years

= $700

5 0

3 years ago

During March, the production department of a process operations system completed and transferred to finished goods 20,000 units

Tju [1.3M]

Answer:

$2.18 per unit

Explanation:

The computation of the direct material cost per equivalent units is shown below:

As we know that

Direct Material cost per equivalent unit is

= Direct material cost ÷ equivalent units

where,

Direct material cost is

= $253,500 + $93,700

= $347,200

And, the number of equivalent units is

Equivalent units of production = Units processed + closing work-in-progress

= [(20,000 + 100,000) × 100%] + (39,000 × 100%)

= 120,000 + 39,000

= 159,000

Now the cost per equivalent unitis

= $347,200 ÷ 159,200

= $2.18 per unit

7 0

3 years ago

The following information relates to current production of bench seats for boats at Aquamarine Manufacturing:

bearhunter [10]

Answer:

The operating income would be affected with a los off $716,000 besides the $95,000 that the company losses operating with the regular order.

Explanation:

Ok with the information provided lets set up the equations (we are going to separate the equations by regular order and especial order):

Regular order:

CT = 775,000 + 132X (Total cost)

TR= 200X (Total Revenue)

OI = 68X - 775,000 (Operating Income)

Especial order:

CT = 785,000 + 117X (Total cost)

TR = 140X (Total Revenue)

OI = 23X - 785,000 (Operating Income)

Now lets see how the operating income is with the production and selling of 10,000 bench seats:

OI = 68(10,000) - 775,000 = -95,000

This company operates at a loss of $95,000, now lets see how would operating income be affected by the especial order of 3,000 bench seats:

OI = 23(3,000) - 785,000 = -716,000

Another loss, so the operating income would be affected with a los off $716,000 besides the $95,000 that the company losses operating with the regular order.

6 0

3 years ago