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3 years ago

EB11.

Business

1 answer:

Natasha2012 [34]3 years ago

3 0

Answer:

The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.

Debit Processing Department (WIP Asset) $ 25,000

Credit Factory Wage (Liability) $ 25,000

The journal entry to record the factory wages of $15,000 incurred in the production department.

Debit Production Department (WIP Asset) $ 15,000

Credit Factory Wage (Liability) $ 15,000

Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.

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Globalization has been driven by five major factors: political, technological, market, cost, and competitive. Business has fuele

maria [59]

Answer:

Competitive Drivers 

Description

Explosive growth in international business

Implication for Business

Intense competition in world markets

Globalization has led to an explosive growth in international.business which has led to increased competition amongst companies because they now have to compete on a global scale against numerous companies in various locales.

Political Drivers 

Description

Preferential trading arrangements and privatization of industries

Implications for Business

Increased opportunities for trade and investment

Some Countries offer great trading agreements this enabling companies to trade in other countries. This opportunity means that there are increased opportunities for trade by companies in the countries involved in the agreement.

Cost Drivers

Description

Exporting or producing Overseas

Implications for Business

Lower Cost of Goods sold

Globalization has enabled companies to be able to produce in cheaper markets for labor such as in Asia and Africa. This has led to a lower cost of goods sold and therefore higher profits.

Technological Drivers 

Description

Explosive growth of high-power, low-cost computing

Implications for Business

Growth in Services.

Driving Globalization is an increased use of technology by human beings. The world is now connected by mere seconds which has enabled companies to derived clients all over the world this enabling them to offer more services.

Market Drivers

Description

Emergence of Global Customers

Implications for Business

New Opportunities and New Markets.

Another factor driving Globalization is the availability of new markets to sell their goods in in different territories. Companies can therefore have an increased demand base which will mean more Profitability.

5 0

3 years ago

Brand equity is the: Question 3 options:

natali 33 [55]

Answer:

d) association a consumer places in a brand with an organization.

Explanation:

Brand equity referes to the commercial value of a brand that a costomer perceives from the brand name. it is the value associated with the brand and not its product or services.

8 0

3 years ago

Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $8

Alisiya [41]

Answer:

$35,010,000

Explanation:

Calculation for the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project

Cash flow = $11.4 million + $22.6 million + $1,010,000

Cash flow = $35,010,000

Therefore the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project is $35,010,000

4 0

2 years ago

Direct Labor Variances The following data relate to labor cost for production of 20,000 cellular telephones: Actual: 8,450 hrs.

Lady bird [3.3K]

Answer and Explanation:

The computation is given below:

Direct labor rate variance = (Actual rate - Standard rate) × Actual hours

= ($22.50 - $23) × 8,450 hours

= -$4,225.00 Favorable

Direct labor time variance = (Actual hours - Standard hours) × Standard rate

= (8,450 hours - 8,400 hours) × $23

= $ 1,150.00 Unfavorable

Total direct labor cost variance is

= Direct labor rate variance + Direct labor time variance

= $4,225 Favorable + $1,150 Unfavorable

= -$3,075.00 Favorable

b. In the case when the employees are not much experienced or they are poorly trained so the less experience cause to less performance due to which the actual time needed should be more than the standard one

3 0

3 years ago

The logistics/operations manager of a mail order house purchases two products for resale: King Beds (K) and Queen Beds (Q). Each

grigory [225]

Answer:

Profit Function = (300 x king size bed) + (150 x queen size bed)

Explanation:

Objective Function is the function which needs to be optimised , i.e maximised or minimised. The function shows the objective variable as a dependent variable, determined by independent / explanatory variable(s).

Given Case : The manager would tend to maximise profit function.

Total Profit = Per unit profit x quantity

So, Profit Function: by per unit profit & sale quantities :

= (300 x king size bed) + (150 x queen size bed)

This profit objective function would be maximised, to find the profit maximising sale quantities of king & queen size beds.

Space, Budget would be the constraints to this optimisation.

6 0

3 years ago