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grigory [225]
2 years ago
9

Steve Hamilton of Hamilton Supply Co. needed to purchase a new hydraulic lift that was high in quality and durability, yet low i

n price. The lift he decided upon was neither the highest quality available, nor the lowest in price available, yet it had a good combination of attributes. Steve's choice was:Optimizing T/F
Business
1 answer:
Ad libitum [116K]2 years ago
7 0

Answer:

True

Explanation:

In optimizing, business processes are aligned to fulfill customers' needs, wants, and desire but at a reduced cost.

Therefore customers are satisfied both with the quality of what they have and the price at which it was sold.

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Cost of merchandise sold reported on the income statement was $155,000. The accounts payable balance increased $8,000, and the i
RideAnS [48]

Answer:

Cash paid 168,000

Explanation:

Assuming that there were no inventory at start of the year

purchases during the year :

Sold                                                     = 155

Closing inventory                              = 21

Total purchase (155+21)                    = 176

Cash paid for merchandise = total purchase - increase in liability

Cash paid = 176-8 = 168

4 0
3 years ago
You have been asked to give a presentation at a small college in Ireland on your latest research. You want the faculty and stude
musickatia [10]

give exiting details about your research

8 0
3 years ago
Round Hammer is comparing two different capital structures: An all-equity plan (Plan l) and a levered plan (Plan Il). Under Plan
Dominik [7]

Explanation:

A). The computation of price per share is shown below:-

Debt outstanding ÷ (Stock outstanding of Plan 1 - Stock outstanding of

Plan 2)

= $1,730,000 ÷ (205,000 - 125,000)

= $21.63 per share

B a.) Under equity plan the value is

= Debt outstanding × Stock outstanding of Plan 1

= $21.63 × 205,000 shares

= $4,433,125

B b.) under the levered plan the value is

Price per share × Stock outstanding of Plan 2 + Debt outstanding

= $21.63 × 125,000 shares + $1,730,000

= $2,703,125 + $1,730,000

= $4,433,125

6 0
3 years ago
The amount of xylene that can be used in household paint is legally limited to 0.03 percent. Anything beyond this amount is haza
julia-pushkina [17]

Answer: B) economic responsibilities toward its shareholders

Explanation:

The primary purpose of a company is to maximize shareholder wealth. This means that it is to pursue strategy that would ensure the maximum return to its shareholders. This is also known as its economic responsibility towards shareholders.

Producing xylene-free paints reduces the dividends that are going to shareholders so it would seem that shareholder wealth is not being maximized and they are not getting the maximum return they could get so the company is violating its economic responsibilities towards shareholders. It is for a good cause though.

3 0
2 years ago
If a one-year bond has a face value of $5,000 and is sold for $4,500, what is the interest rate on the bond?
Arada [10]

Answer:

11.1%

Explanation:

The face value is $5000

It is sold for $4,500

Therefore the interest rate of this bond can be calculated as follows

$5000-$4500

= 500

500/4500 × 100

= 0.111 × 100

= 11.1%

Hence the interest rate is 11.1%

6 0
2 years ago
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