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12345 [234]
3 years ago
5

Mike organizes a group of students upset over the food selection in the cafeteria. He assigns times for students to stand in the

student union to protest the limited selection of food items. He publicly states that the group will not disband until the task of having pizza at every meal period is accomplished. This is an example of a _____________.
Business
1 answer:
alukav5142 [94]3 years ago
3 0

Answer:

interest group

Explanation:

Based on the information provided within the question it can be said that this is an example of an interest group. This term refers to group of individuals that share a common interest and because of it work in unison in order to influence the government so that they promote and protect that interest. Which in this scenario the group's main interest is on the food selection in the cafeteria, and are working together to influence the organizational entity to change it.

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Absorption and Variable Costing Comparisons Red Arrow Blueberries manufactures blueberry jam. Because of bad weather, its bluebe
Morgarella [4.7K]

Answer:

Red Arrow Blueberries

RED ARROW BLUEBERRIES Functional (Absorption Costing) Income Statement For the Summer Quarter (Last Year)

Sales                                           $805,000

Cost of goods sold:

Variable costs              600,000

Fixed costs                   192,000

Goods available          792,000

Ending inventory          99,000   693,000

Gross profit                                    112,000

Operating expenses:

Variable selling & administrative  14,000

Fixed selling and administrative  38,000

Total operating expenses           52,000

Net income (loss)                        60,000

Explanation:

a) Data and Calculations:

Beginning inventory (cases)   0

Cases produced              8,000

Cases sold                       7,000

Ending inventory (cases) 1,000 (8,000 - 7,000)

Sales price per case $ 115

Direct materials per case $ 25

Direct labor per case $ 40

Variable manufacturing overhead per case $ 10

Total fixed manufacturing overhead $ 192,000

Variable selling and administrative cost per case $ 2

Fixed selling and administrative cost $ 38,000

Variable costs:

Direct materials per case         $ 25

Direct labor per case                $ 40

Variable manufacturing

 overhead per case                 $ 10

Total variable cost per case    $ 75

Total variable costs = $600,000 ($75 * 8,000)

Ending cost of

7 0
2 years ago
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follo
Daniel [21]

Answer:

The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74

Explanation:

Particulars                                                  Amount ($)

Sales (January & February)

- Wizard Inc                                                     $50

- Spyder Corp                                                 $50

Less: Discount allowed to Wizard Inc           <u>$1       </u>    ($50 * 2%)

Net Sales                                                         $99

Less: Cost of goods sold (60.6+50.14)          <u>$110.74</u>

Gross Loss                                                       <u>$11.74</u>

8 0
2 years ago
Kangaroo Autos is offering free credit on a new $10,000 car: You pay $1,000 down and then $300 a month for the next 30 months. T
gavmur [86]

Answer:

Kangaroo Auto offers the better deal

If the I go for Kangaroo Autos, then I will save $257.69 in today's term

Explanation:

Here we need to compare the present value of the two options;

Present value is the worth today of an amount or series of amount payable or receivable in the future period.

Where a series of equal amount is receivable or payable in the future it is called an annuity.

One of the payment options includes an annuity. Therefore, we need to work out the present value of the annuity. This is done using the following formula:

Present Value = A ×( 1 - (1+r)^(-n))/r

where A = equal cash flow, r- rate per period, n - no. of periods

A = 300, r- rate per month - 12%/12 = 1% , n= 30

PV = 300 ×(1- (1+0.01)^(-30))/0.01

    = 300 × 25.877

     =7,742.31

Now we can work out he cost of each option  and comapare them in today's Dollar:

Option 1 : Kangaroo Autos

Total cost of option 1 = deposit + PV of annuity

                                  =   1000 + 7,742.31

              cost              = 8,742.31

Option 2: Turtle Motors:

Price =  Car price - Discount

        =   $10,000 - $1000

     cost    =   $9,000

Kangaroo Auto offers a better  deal.

If  I go for Kangaroo Autos, then I will save $257.69 in today's term

4 0
3 years ago
A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:
ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0
3 years ago
The manager of a retail store notices that 7% of the inventory is missing. She doesn’t know if the merchandise was stolen, lost,
hodyreva [135]

Answer:

<u>(D) ​inventory obsolescence</u>

Explanation:

  • It is known as the phase where the inventory is at the end or final stage of its product cycle. This inventory can be sold or used for the long run and is then not expected or liable to be given or sold in the future by the company.
  • As she doesn't know whether the inventory is missing or does not know if it has been broken or stolen, she can note this down and thus can asset for the criteria following the valid integrity testing.
8 0
3 years ago
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