Answer:
SMITH INDUSTRIES
DIRECT MATERIAL BUDGET FOR THE FIRST QUARTER
JAN FEB MAR
Production 5,600 4,200 4,800
closing inventory <u> 1,050</u> <u> 1,200</u> <u> 1,125</u>
6,650 5,400 5,925
Opening inventory <u> (1,400) </u> <u> (1,050) </u> <u> (1,200)</u>
Purchases (units) <u> 5,250 </u> <u>4,350 </u> <u> 4,725</u>
Purchases ($)($3 per unit) <u>15,750 </u> <u>13,050 </u> <u> 14,175</u>
<u>workings </u>
closing inventory
Dec = 25% *5600 = 1400
Jan = 25%* 4200 = 1050
Feb = 25%*4800 = 1200
Mar = 25%*4500 = 1125
Explanation:
Base of the Pyramid.
The base of the pyramid view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to the billions of people living on less than a few dollars a day.
#SPJ4
Answer:
See below
Explanation:
The computation of net income is shown below:
ROE = Profit margin × Total asset turnover × Equity multiplier (Assets / Equity)
ROE = Profit margin × (Sales / total assets) × (1 + debt equity ratio)
14% = Profit margin × ($6,320 ÷ $2,945) × (1 + 1.40)
Social entrepreneur is a type of entrepreneur that starts a business or organization that is meant to improve society in some ways.
Social entrepreneur focuses on the society problems and find ways to solve them.
Answer:
The Price of Cocaine would rise drastically
Explanation:
If U.S Drugs Enforcement Agency impose higher restrictions in an effort to control illegal import of cocaine into the United States, this would directly impact the market for illegal drugs in the following ways:
- Since more restrictions get imposed, the procurement cost of cocaine alongside the risk associated with it in the form of higher penalties and prosecution, both will rise.
- The supply of cocaine would shrink in the market.
- The above two outcomes would result into the procurers and peddlers demanding much greater price for the same quantity of cocaine so as to compensate for the higher risk assumed and higher procurement costs associated.
Thus, price of cocaine will rise drastically as an outcome of such a move.