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Romashka [77]
2 years ago
7

PlastiPharm produces a foundational product that sits on a shelf until it is needed and added to another product. In reviewing t

he process of combining the two products, the production staff realized that the foundational products are sometimes not tested, although the final product is always tested. They determined that all the foundational products will now undergo testing. The additional testing will add time and effort, which translates to additional costs, so why would PlastiPharm want to perform the additional testing?
a.The additional testing helps the company as it strives for perfection in its products and helps avoid future problems by reducing waste (defective parts).
b.Making sure that all parts are tested ensures that the company is ready to respond to last-minute orders.
c.The additional testing will help the company meet customer demands for certification that all their products have been tested 100 percent of the time.
d.Testing all the parts addresses any questions that customers might have about quality or performance of materials.
Business
1 answer:
Alexxx [7]2 years ago
8 0

PlastiPharm would want to perform the additional testing because:

  • The additional testing helps the company as it strives for perfection in its products and helps avoid future problems by reducing waste (defective parts). (Option C)
  • Testing all the parts addresses any questions that customers might have about quality or performance of materials. (Option D)

<h3>Why do manufacturers carry out testing?</h3>

Rigorous testing is usually carried out by companies to ensure that defects and hazards are detected before the products are sent out into the market.

This way, their liability from product defects is reduced or eliminated completely.

Learn more about testing at;
brainly.com/question/15243255
#SPJ1

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Wildhorse Company purchased $1350000 of 11% bonds of Scott Company on January 1, 2021, paying $1272578. The bonds mature January
Mashutka [201]

Answer:

Wildhorse Company

For the year ended December 31, 2021, Wildhorse Company should report interest revenue from the Scott Company bonds of:

= $152,709.

Explanation:

a) Data and Calculations:

Face value of bonds purchased on January 1, 2021 = $1,350,000

Interest rate on the bonds = 11%

Effective interest rate = 12%

Cash paid for the bonds = $1,272,578

Discount on bonds = $77,422

Interest revenue for 2021 = $1,272,578 * 12%

= $152,709 based on the effective interest method.

8 0
3 years ago
Discuss the following statement: "If society decides to use its resources fully and efficiently (that is to produce on the PPF),
Varvara68 [4.7K]

Answer:

The validity of this assertion depends on the usage of these resources.

Explanation:

The answer to this question lies on how the available resources are spent. In a situation where resources are spent on the production of goods that have short lifespan of about 3 years with little or no capital production, it becomes a problem for future generations.

On the other hand, if a society uses the resources it has for the production of capital goods and for the sake of research purposes, future generations would benefit and be better off because economic growth would be faster.

8 0
4 years ago
Read 2 more answers
The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T-acc
Salsk061 [2.6K]

Answer:

1. T-account balances.

<em>Common stock</em>

$50,000

<em>Land </em>

$20,000

<em>Cash </em>

$34,500

<em>Note Payable</em>

$15,000

<em>Supplies </em>

$900

<em>Trade Payable</em>

$400

<em>Equipment </em>

$10,000

2. A classified balance sheet for Lantana Company

Non - Current Assets

Land                                     $20,000

Equipment                            $10,000

Total Non - Current Assets $30,000

Current Assets

Supplies                                    $900

Cash                                     $34,500

Total Current Assets           $35,400

Total Assets                         $65,400

Equity and Liabilities

Equity

Common stock                   $50,000

Total Equity                         $50,000

Current Liabilities

Trade Payable                         $400

Total Current Liabilities           $400

Non - Current Liabilities

Note Payable                     $15,000

Total Non - Current Liabilities  $15,000

Total Equity and Liabilities $65,400

Explanation:

T-account balances.

Common stock

$50,000

Land

$20,000

Cash

$50,000 - $5,000 - $10,000 - $500 = $34,500

Note Payable

$15,000

Supplies

$900

Trade Payable

$900 - $500 = $400

Equipment

$10,000

6 0
4 years ago
If the sole proprietorship acquires a legal business name, the owner then has limited liability. Group of answer choices True Fa
weqwewe [10]

Answer:

False

Explanation:

The characteristics of a sole proprietorship are as stated below;

  • Sole proprietorship is the simplest and easiest form of business setups
  • The personal responsibility of the owner are unlimited.
  • The business is owned by one person
  • The business is taxed based on the personal income of the owner

From these characteristics, if the sole proprietorship acquires a legal business name, the owner then has unlimited liability.

4 0
3 years ago
The purpose of the free enterprise system is to
Andre45 [30]
  give consumers freedom to make economic choices.  god bless. :)
3 0
4 years ago
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