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2 years ago

The classic quote from the movie Field of Dreams, "If you build (produce] it

Business

1 answer:

-BARSIC- [3]2 years ago

6 0

The correct answer is A. Say's Law

Explanation:

Say's Law proposed by the economist Jean-Baptiste Say establishes the supply (availability of a product) or the production itself is the factor that creates demand (customers willing to buy the product). For example, the production of a new model of cellphone or computer makes people want to buy the new model. This idea is expressed by the quote "If you build (produce] it they will come [purchase]" because in the quote it is explained the production of something make people go to buy that product.

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At the end of the prior year, Doubtful Inc. had a deferred tax asset of $18,500,000 attributable to its only timing difference,

iren [92.7K]

Answer:

Journal entries to record Doubtful's income tax expense for the current year.

No Account titles and Explanation Debit'$ Credit'$

1 Income tax expense 8,945,000

Deferred tax asset 3,800,000

[(42,000,000*35%) - 18,500,000]

Income taxes payable 5,145,000

[(14,700,000*35%)]

(To record tax expenses)

2 Income tax expense 1,270,000

Valuation allowance - deferred tax asset 1,270,000

(3,730,000 - 5,000,000

(To record valuation allowance)

7 0

3 years ago

Klassen Toy Company, Inc., assembles two parts: Part 1 is first processed at workstation A for 15 minutes per unit and then proc

Sever21 [200]

Answer:

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

Explanation:

Part 1 is processed at A for 15 minutes and then at B for 10 minutes.

Thus part 1 take 15 + 10 i.e. 25 minutes two complete both processes

Part 2 is processed at C for 20 minutes.

Output from B and C i.e. part 1 and 2 respectively are fed to process D where the time taken to assemble is 15 minutes

Thus looking at the given data,

Part 1 takes longer time i.e. 25 minutes to reach process C compared to part 2 i.e. 20 minutes

So bottleneck occurs at process A and B because it takes maximum time i.e. 25 minutes

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

4 0

3 years ago

Advantages and disadvantages of implementing plan where functional managers will be held responsible for cost overruns against t

Morgarella [4.7K]

Answer:

Kindly check explanation

Explanation:

Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :

The advantages include:

1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.

11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.

The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.

5 0

3 years ago

Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is clo

Butoxors [25]

Answer:

Note: The full question is attached as picture below

Overhead Cost of one Month = Total Overhead Cost / 12 Month

Overhead Cost of one Month = $403,200 / 12 month

Overhead Cost of one Month = $33,600

So, Overhead Chargeable Per Month is $33,600

PARTICULARS AMOUNT

Direct Materials $26,000

Direct Labor $21,000

Manufacturing overhead Applied <u>$33,600</u>

Total Manufacturing Expenses $80,600

Less: Job Work in Process

Direct Materials $3,000

Direct Labor $1,500

Cost of Goods Sold before proration $76,100

of over or under allocated overhead

6 0

2 years ago

Dell Computer uses recycled and recyclable materials in its product and packaging design in an effort to minimize damage to the

eduard

Answer: Sustainability

Explanation: Sustainability simply means continual existence regardless of domain or pillar. It explains the maintenance of economic, social and environmental resources to meet the demand and needs of the present industry or generation without jeopardizing or compromising the needs of future generation. The concept of sustainability looks beyond the present, it focuses on harmonizing the needs of present and future generation by encouraging decisions and policies that focuses beyond the present, rather considering the effects of present policies in decades to come. Common sustainability goals include reduction of carbon emission, shift to the use of renewable energy resources such as wind, hydro and solar, All in a bid to maintain a healthy ecosystem for present and more importantly future generation.

5 0

2 years ago