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3 years ago

A partnership agreement:

Business

1 answer:

kondaur [170]3 years ago

6 0

Answer:

A partnership agreement is binding even if it is not in writing

Explanation:

A partnership is a relationship that exist between two or more people (Usually two to twenty people) to pool their resources and capital together and establish a business enterprise with the aim of making profit.

A partnership agreement can be written on unwritten. Even when unwritten, a partnership agreement is binding and is enforceable in the law court.

A written partnership agreement is called a partnership deed. partners are usually encouraged to have a partnership deed that clarifies the respective positions and duties of each partners.

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3 years ago

Concord Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated

Klio2033 [76]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Machine setups

Estimated annual overhead cost= $198,800

Number of setups 2,800

Machining

Estimated annual overhead cost= $337,400

Machine hours 24,100

Inspections.

The estimated annual overhead cost= $81,000

Number of inspections 1,500.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine Setup:

Estimated manufacturing overhead rate= 198,800/2,800= $71 per setup

Machining:

Estimated manufacturing overhead rate= 337,400/24,100= $14 per machine hour

Inspections:

Estimated manufacturing overhead rate= 81,000/1,500= $54 per inspection.

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4 years ago

Toyota suppliers are required to adopt information and automated communication technologies that ensure that toyota's relay cen

oksano4ka [1.4K]

<span>E. just-in-time is your answer

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3 years ago

ohansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The

Vlad1618 [11]

Answer:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Explanation:

Giving the following information:

Jameson estimates that 20,000 direct labor-hours will be worked during the year.

<u>We weren't provided with enough information to solve the problem. But, I will provide the formula and a small example.</u>

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Imagine the total estimated overhead costs is $1,500,000.

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3 years ago

Grand Trunk Inc., a furniture manufacturing company, does not manufacture furniture until an order is received. It coordinates a

sleet_krkn [62]

Answer:

supply chain management

Explanation:

Supply chain management -

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The process like supplying , designing , production , quality control etc. are all process in supply chain management .

Hence , from the given scenario of the question ,

The correct answer is supply chain management .

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3 years ago