Answer:
<u>True</u>
<u>Explanation:</u>
Remember, no business operations would exist if there aren't any identified customer needs to solve.
Also, we need to bear in mind that Operations management activities are done in any business in other to efficiently (profitably) process raw materials, labor, etc into the goods and services needed by consumers.
Answer:
(a) C(x) = 9500 + 55x
(b) R(x) = 90x
(c) P(x) = 35x - 9500
(d) C(240) = $22,700
All functions are measured in $.
Explanation:
The total revenue of an entity is a function of the number of units sold and the selling price per unit. The total cost is a function of the fixed cost and the variable cost (which is also a function of the units produced/sold). Profit is a function of sales and cost.
Given that monthly;
fixed costs = $9500
variable costs = $55 per unit
Selling price = $90 per unit
Where x is the number of units
total costs C(x) in $ = 9500 + 55x
total revenue R(x) in $ = 90x
profit P(x) in $ = 90x - (9500 + 55x)
= 35x - 9500
C(240) = 9500 + 55(240)
= $22,700
<span> B. When used, both take money directly out of a bank account.</span>
Answer:
The answer is: 36.2 months
Explanation:
First, let us calculate the total amount to be repaid after interest has been added.
interest = 8.25% = 0.0825
interest in amount = 0.0825 × 20,000 = $1,650
Total amount to be repaid = Original amount + interest
= 20,000 + 1,650 = $21,650
Next, we are told that the repayment is made monthly at $596.59 per month, therefore number of months required to pay $21,650;
$596.59 = 1 month
∴ $21,650 = 21,650 ÷ 596.59 = 36.28 = 36.3 months ( to one decimal place)
Answer:
(During write-off) March 11
Dr Bad debt expense $9,100
Cr Accounts receivable $9,100
(at the time of collection) March 29
Dr Accounts receivable $9,100
Cr Bad debts expense $9,100
Dr Cash $9,100
Cr Accounts receivable $9,100
Explanation:
On March 11, Dexter made an entry to write-off bad debts in the amount of $9,100. Dexter Co., charged it directly to Accounts receivable because the company uses direct write-off method. During the collection we have 2 steps to consider; First, On March 29 during the unexpected collection, Dexter shoud set up the reversal of the write-off entry which they had made last March 11. So we debit Accounts receivable and credit bad debts in the amount of $9,100. Second, is to record the collection, debit cash and credit Accounts receivable in the amount of $9,100.
