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4 years ago

Suggest any five entrepreneurial qualities which may contribute to the success of Toyota South Africa

1 answer:

lina2011 [118]4 years ago

8 0

Entrepreneurial qualities are those qualities and skills which an entrepreneur possesses and which can be utilized to make his business a successful one.
Entrepreneurial qualities include the following: disciplined, determination, creativity,strong human relation skills, competitive behavior, open mindedness, self confidence and self starter attitude.

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Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet

nikklg [1K]

Answer:

The question is incomplete.

Explanation:

The question is incomplete, please refer below the complete question.

A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows:

Machine Cost

A $40,000

B $30,000

C $80,000

Product forecasts and processing times on the machines are as follows:

Product Annual Demand Processing time per unit (minutes)

A B C

1 16,000 3 4 2

2 12,000 4 4 3

3 6,000 5 6 4

4 30,000 2 2 1

Assume that only the purchasing cost is being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 8 hours a day, 200 days a year.

Total Processing Time in Minutes per Machine

Number of each machine needed and total purchasing cost

Answer:

Total Processing Time in Minutes per Machine

Total time = Total demand for each product * Processing time

Machine A:

(16 , 000 ∗ 3 ) + (12 , 000 ∗ 4) + (6 , 000 ∗ 5) + ( 30 , 000 ∗ 2) = $ 186 , 000

Machine B:

(16 , 000 ∗ 4) + (12 , 000 ∗ 4) + (6 , 000 ∗ 6) + (30 , 000 ∗ 2) = $ 208 , 000

Machine C:

(16 , 000 ∗ 2) + (12 , 000 ∗ 3) + (6 , 000 ∗ 4) + (30 , 000 ∗ 1) = $ 122 , 000

Number of machines needed and total purchasing cost

Number of machine = Total processing time / Time available

Time available = Number of days * Hours per day * 60

Machine A:

Number of machine = 186 , 000 / (200 ∗ 8 ∗ 60)

Number of machine = 2 (Round off)

Machine B:

Number of machine = 208 , 000 / (200 ∗ 8 ∗ 60)

Number of machine = 2 (Round off)

Machine C:

Number of machine = 122 , 000 / (200 ∗ 8 ∗ 60)

Number of machine = 1 (Round off)

Machine cost:

Machine cost = Cost per machine * Number of machines

Machine A:

2 ∗ $ 40 , 000 = $ 80 , 000

Machine B:

2 ∗ $ 30 , 000 = $ 60 , 000

Machine C:

1 ∗ $ 80 , 000 = $ 80 , 000

3 0

4 years ago

The current sections of Culver Corporation's balance sheets at December 31, 2021 and 2022, are presented here. Culver Corporatio

natta225 [31]

Answer:

Net Cash Provided by Operating Activities is $286,000

Explanation:

Culver Corporation's

Partial Statement of Cash flows

For the year ended December 31, 2022

Cash Flow from Operating Activities

Net Income $229,500

Adjustment to reconcile net income to

net cash provided by operating activities

Depreciation Expenses $40,500

(Non-cash expense)

Decrease in Accounts Receivables $13,500

(133,500 - 120,000)

Decrease in Inventory $6,000

(258,000 - 252,000)

Increase in Prepaid Expenses -$7,500

(33,000 - 40,500)

Increase in Accrued Expenses Payable $15,000

(22,500 - 7,500)

Decrease in Accounts Payable -$10,500 $57,000

(127,500 - 138,000)

Net Cash Provided by Operating Activities $286,000

4 0

4 years ago

Barn Wood Interiors announced today that it is going out of business. As of today, no more regular dividends will be paid. The f

Sonja [21]

Answer:

The stock price today is $38.76 as shown below

Explanation:

The value of the stock today is the present value of all future dividend payments from the stock.

Present value of first dividend=$14/(1+18.7%)^1

=$11.79443976

Present of second dividend=$38/(1+18.7%)^2

=$26.97007528

The stock price today is the sum of the present values=11.79443976 +26.97007528 =$38.76

Ordinarily, the valuation would have included the price at which the stock could be sold but since the company is wounding up and the only cash flow is payment of liquidating dividends, the price at which stock can be sold is not applicable.

3 0

4 years ago

Each of the following situations occurred during 2011 for one of your audit clients:1. The write-off of inventory due to obsoles

In-s [12.5K]

Answer:

Situations during 2011 at an Audit Client

A. Appropriate Reporting Treatments:

1. Write-off of inventory due to obsolescence.

a. As an extraordinary item.

2. Discovery that depreciation expenses were omitted by accident from 2010's income statement.

c. As a prior period adjustment.

3. The useful lives of all machinery were changed from eight to five years.

f. As a change in accounting estimate.

4. The depreciation method used for all equipment was changed from the declining-balance to the straight-line method.

g. As a change in accounting estimate achieved by a change in accounting principle.

5. Ten million dollars face value of bonds payable were repurchased (paid off) prior to maturity resulting in a material loss of $500,000. The company considers the event unusual and infrequent.

b. As an unusual or infrequent gain or loss.

6. Restructuring costs were incurred.

b. As an unusual or infrequent gain or loss.

7. The Stridewell Company, a manufacturer of shoes, sold all of its retail outlets. It will continue to manufacture and sell its shoes to other retailers. A loss was incurred in the disposition of the retail stores. The retail stores are considered components of the entity.

e. As a discontinued operation.

8. The inventory costing method was changed from FIFO to average cost.

d. As a change in accounting principle.

B. Inclusion in the Income Statement:

1. CO

2. RE

3. CO

4. RE

5. BC

6. BC

7. BC

8. CO

Explanation:

1. Investopedia.com defined "Unusual or infrequent items" as "gains or losses from a lawsuit; losses or slowdown of operations due to natural disasters; restructuring costs; gains or losses from the sale of assets; costs associated with acquiring another business; losses from the early retirement of debt; and plant shutdown costs."

2. Extraordinary gains or losses are economic events which originate from continuing infrequent and unusual operations. These gains and losses stem from the normal business activities of the company, but, they do not happen regularly, and are abnormal in nature.

3. A prior period adjustment is the correction of a past accounting error that occurred in the past financial statements.

4. According to investopedia.com, "A change in accounting principle is a change in how financial information is calculated, while a change in accounting estimate is a change in the actual financial information. Changes in accounting principles are done retroactively, where financial statements have to be re-stated. But, changes in estimates are not applied retroactively.

6 0

4 years ago

g You are given the following information. Durable good consumption 462 Residential investment 526 Imports 987 Government expend

AlexFokin [52]

Answer:

$5,325

Explanation:

Disposable personal income is the income that remain after paying all personal taxes and purchase of final expenditure on goods and services.

Disposable personal Income = Personal Income of the consumers - Personal Taxes paid by the consumers

Disposable personal Income = $7,863 - $2,538

Disposable personal Income = $5,325

So, the disposable personal Income for the individual is $5,325.

3 0

3 years ago