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3 years ago

How can entrepreneurs avoid getting caught up in the hype surrounding their product or service?

1 answer:

7 0

Entrepreneurs can avoid getting 'caught up in the hype' surrounding their product or service by always maintaining a level head and not obtaining an ego.

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Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours a

Sever21 [200]

Answer:

Unitary cost= $49.72

Explanation:

Giving the following information:

Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour.

The unitary cost under absorption costing is the sum of direct material, direct labor, and total overhead.

Unitary cost= 14 + (1.9*16) + (1.2*1.9) + (1.6*1.9)= $49.72

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3 years ago

Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the a

vladimir2022 [97]

Answer:

1. Cash proceed is $281,400.

2. Total bond interest expenses over the bond llife is $318,600.

3. Bond interest expense on first interest payment date is $11,256.

Explanation:

1. Using the implied selling price of 117 ¼, what are the issuer's cash proceeds from issuance of these bonds?

Selling price = 117 ¼ / 100 = 1.1725

Cash proceed = Bond face value * Bond selling price = $240,000 * 1.1725 = $281,400.

2. What total amount of bond interest expense will be recognized over the life of these bonds?

Total interest payment = $240,000 * 10% * 15 = $360,000

Total repayment = Total interest payment + Bond par value = $360,000 + $240,000 = $600,000

Total bond interest expenses over the bond llife = Total repayment - Cash proceed/Amount borrowed = $600,000 - $281,400 = $318,600

3. What amount of bond interest expense is recorded on the first interest payment date?

Bond interest expense on first interest payment date = Cash proceed * Annual market rate on issue date * (6/12) = $281,400 * 8% * 0.5 = $11,256

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4 years ago

Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 o

tigry1 [53]

Answer:

Consider the following calculations

Explanation:

1. Direct material $14

Direct labor (16*1.9) 3.04

Variable overhead (1.1*1.9) 2.09

Fixed overhead (1.5*1.9) 2.85

Unit product cost $21.98

2. Cost of budgeted ending inventory = 21.98*620 = $13, 628

3 0

4 years ago

Read 2 more answers

If the restaurant runs a sale and the customer arrival rate increases by 20%, how would this change the total time expected to s

kenny6666 [7]

Answer:

Explanation: when the total number of customers *increases*, in order to serve the increased number of customers, it needs to be done *faster* in order not to keep other customers waiting for too long. And also this increased customer patronage would increase as well, the number of cars driving through the drive way

4 0

4 years ago

Theo's policy of paying impoverished cacao farmers in Congo three times the going rate is designed to: a.benefit farming communi

Ksivusya [100]

Answer:

A) Benefit farming communities in Congo

Explanation:

A policy of paying more than strictly necessary to poor farmers in Congo directly benefits those communities because it allows them to have more income available.

None of the other three answers address this effect. B) is wrong because the firm is incurring in higher wage costs, which does not benefit the company's bottom line. C) is wrong because farming is not part of the third sector of the economy, it is part of the first sector or primary sector, and D) is wrong because we do not have enough information to assume that those jobs in Congo were previously located somewhere else.

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3 years ago