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Arte-miy333 [17]
3 years ago
11

One of your friends states that “operations management and supply chain management are primarily of interest to manufacturing fi

rms.” Is this true or false? Give some examples to support your answer
Business
1 answer:
Ghella [55]3 years ago
8 0

This is not true. Just because it talks about operations and supply chain, it does not mean that non-manufacturing industries are not involved. Any business with an operating system has an operations department. The supply chain will depend on the type of services or goods offered. For example, an environmental services consultancy firm is not a manufacturing company. However, it has an operations department to oversee the schedule of sampling personnel for monitoring activities. Moreover, supply chain may refer to the business development department, which is primarily concerned of acquiring more clients to give their services. In addition, equipment must also be supplied so monitoring could be possible.

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At the beginning of 2018, Artichoke Academy reported a balance in common stock of $168,000 and a balance in retained earnings of
frozen [14]

Answer:

increase in retained earnings = $48,000 - $11,800 = $36,200

increase in common stock = $58,000

<h2>Balance sheet</h2>

Assets:

Assets  

Cash $54,400  

Supplies $12,700  

Prepaid rent $33,000  

Land $290,000

Total assets                                                     $390,100

Liabilities

Accounts payable $15,600

Utilities payable $6,000

Salaries payable $5,300

Notes payable $33,000

Total liabilities                              $59,900

Equity

Common stock $226,000

Retained earnings $104,200

Total equity                                $330,200

Total liabilities + equity                                   $390,100

<h2>Statement of stockholders' equity</h2>

Common stock balance Jan. 2018              $168,000

Retained earnings balance Jan. 2018          $68,000

Net income                                                  <u>  $58,000</u>

Sub-total                                                       $294,000

Common stocks issued                                $58,000

Distributed dividends                                  <u>  ($11,800)</u>

Subtotal                                                        $330,200

Common stock balance Dec. 2018           $226,000

Retained earnings balance Dec. 2018      $104,200                      

7 0
2 years ago
Parker owned all of Odom Inc. Although the Investment in Odom Inc. account had a balance of $834,000, the subsidiary's 12,000 sh
Lorico [155]

Answer:

$128,400

Explanation:

Account balance $ 834,000,

Subsidiary's 12,000 at $56 per share. Odom Issued 3,000 at $70 per share

$ 56 X 12,000 = $672,000

$ 672,000+ $70 X 3,000 = $ 882,000

$ 882,000 X .80 = $ 705,600

$ 705,600 – $ 834,000 Investment Account Balance = $128,400

Therefore Reduction in Investment Account is $128,400

The Transaction affect the Investment in Odom inc account because their is reduction in the investment Account from $834,000 to $128,400

3 0
3 years ago
Deltra was willing to purchase a dozen cookies for $60 that Deirdre was willing to sell for anything more than $32. If they agre
likoan [24]

Answer:

$28

Explanation:

The computation of the total value that would be created in the exchange is shown below;

The Deltra surplus is

= Purchase value - agreed price

= $60 - $36

= $24

And, the Deirdre surplus is

= Agreed price - willing to sell

= $36 - $32

= $4

Now the total value created is

= Deltra surplus + Deirdre surplus

= $24 + $4

= $28

5 0
3 years ago
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
nlexa [21]

Answer:

$17.80 per labor-hour

Explanation:

Predetermined overhead rate = Budgeted Fixed Overheads ÷ Budgeted Activity

                                                  = $961,200 ÷ 54,000 labor-hours

                                                  = $17.80 per labor-hour

Predetermined overhead rate for the recently completed year is $17.80 per labor-hour.

7 0
3 years ago
Green Haven is an organization whose earnings are exempt from federal and state income taxes. Individuals who contribute money t
olga55 [171]

Answer:

The answer is: Not for Profit Corporation

Explanation:

Not for profit corporations are a type of Non Profit Organizations (NPO) and are included under Section 501(c)(3) of the Internal Revenue Code. They include charities, religious organizations, other organizations with educational, literary or scientific purposes, that were not created in order to generate profit for its shareholders.

A NPO can make money with its activities (e.g. have a charity ball). They can also do business and make a profit. What they can't do, is distribute that profit with its shareholders.

8 0
3 years ago
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