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2 years ago

Hip Manufacturing produces denim clothing. This year it produced 3,040 denim jackets at a cost of $91,200. These jackets were

Business

1 answer:

Mila [183]2 years ago

4 0

1. The income for each alternative for the damaged jackets of Hip Manufacturing is as follows:

Scrap Recycle Rework

Sales Revenue $18,240 $36,480 $136,800

Additional cost 0 6,080 103,360

Income $18,240 $30,400 $33,440

2. The chosen alternative is C. reworking.

<h3>Data and Calculations:</h3>

Production units = 3,040

Production costs = $91,200

Scrap Recycle Rework

Sales Revenue $18,240 $36,480 $136,800

Additional cost 0 6,080 103,360

Income $18,240 $30,400 $33,440

Thus, reworking yields the highest income and should be chosen as it reduces the loss from the damage more than scrapping or recycling.

Learn more about calculating income at brainly.com/question/25895372

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In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of ______.

ololo11 [35]

Salutations!

In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of ______.

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3 years ago

A grain elevator operator bought a futures contract for 5,000 kilograms of rice at $1.50 per kilogram. The initial margin is $4,

Inessa05 [86]

Answer:

Given that,

Operator bought a futures contract = 5,000 kilograms of rice at $1.50 per kilogram

Initial margin = $4,000

Maintenance margin = $2,000

(a)

(i) Balance of Margin = Initial margin - maintenance margin

= $4,000 - $2,000

= $2,000 (loss)

(ii) Change in price = $\frac{2,000}{5,000}$

= $0.40

(b) Price per kilogram = Current price - Change in Price

= $1.50 - $0.40

= $1.10

So, change price per kg is $1.10

(c) Balance of Margin = Initial margin - maintenance margin

= $4,000 + $2,000

= $6,000 (loss)

Change in price = $\frac{2,000}{5,000}$

= $0.40

(d) Price per kg = Current price - change in price

= $1.50 + $0.40

= $1.90

3 0

3 years ago

In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments

Alexus [3.1K]

Answer:

In simple words, it is hard for governments to break he monopolies as generally as these entities are generally protected by some kind of legal or social convention. A monopoly of an entity that has strategic importance for the nation could be harmful in long run. Also if an individual owns a monopoly due to some patent right etc. then breaking that up will be seen as social injustice.

6 0

3 years ago

1 . Perpetuities Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpe

Dmitrij [34]

Answer:

(A) A perpetuity is a stream of regularly timed, equal cash flows that continues forever

(B) The value of a perpetuity is equal to the sum of the present value of its expected future cash flows

the bank offers 1.6%

in the alternative scenario it offers 1.067%

Explanation:

(A) A perpetuity is a stream of regularly timed, equal cash flows that continues forever

The perpetuity is an annuity in which time tends to infinity, to be qualified as an annuity the cash payment must be regular.

(B) The value of a perpetuity is equal to the sum of the present value of its expected future cash flows

As state above the perpetuinty is an annuity, the annuities return the present value of the expcted future cash flow.

Given the annuity formula

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

if times tends to infinity then the expression:

$\lim_{n \to \infty} (1+r)^{-n} = 1$

Nexti n the annuity formula we got:

$C \times \frac{1-1 }{rate}= PV\\$

So we end up with C / rate = PV

which s the perpetuity formula

800/50000 = 0.016 = 1.6%

800/75000 = 0.0106667 = 1.067%

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3 years ago

Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase

Mice21 [21]

Answer:

Encumbrances $1000

Reserved for encumbraces $1000

Explanation:

Encumbrance is in the debit because is the money that we have destined for the purchase and since we have to get the money from our funds Reserved for encumbrances is in the credit.

5 0

3 years ago