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3 years ago

A__________produces finished-goods inventory in advance of customer demand using a forecast of sales.

Business

1 answer:

Korolek [52]3 years ago

5 0

Answer:

Push system.

Explanation:

A push system produces finished-goods inventory in advance of customer demand using a forecast of sales and as such it is categorized as a make to stock because the production of goods are not based on actual demand by the consumers.

Under a push system, manufacturing is strictly based on a projected production plan and the flow of information between the manufacturer and the market is in the same direction with those of raw materials used.

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Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2013, for $105,000 when the book value of Gates was $600,000

nata0808 [166]

Answer:

Goodwill 35,000 debit

Investment in Gates 25,000 credit

Retained Earnings 10,000 credit

--to adjust for change of method--

Explanation:

600,000 x 15% = 90,000

purchased at 105,000

goodwill of 15,000

+ 150,000 x 15% of net income = 22,500

- 50,000 x 15% dividends = (7,500)

investment at the end of 2013:

90,000 + 22,500 - 7,500 = 105,000

Then we purchase 25%

105,000 represent 15%

thus 25% would be: 105,000 / 0.15 x 0.25 = 175,000

purchased at 200,000

goodwill of 25,000 to be recognized.

So, equity method will be:

105,000 + 175,000 = 280,000 for the proportional equity

and 15,000 + 25,000 = 35,000 goodwill

Total of 315,000

While fair value will not recognize goodwill. and also, the investment is not modified when dividends and the gain for the year are delcared.

It measure at cost unless the market value of the stock decrease so we got:

105,000 1st purchase + 200,000 2nd purchase = 305,000

To adjust we are going to decrease investment by 25,000 and increase goodwill by 35,000 the other will go into retained earnings to balance out.

8 0

3 years ago

Do speed cameras solve the problem of speeding?

olga55 [171]

No not all the time because people that aren’t from the area could still spend by a speeding camera think about it if speeding carmeras solved the problem of speeding then people wouldn’t be getting into car accidents when they are speeding and people wouldn’t be getting speeding tickets anymore

3 0

3 years ago

In 2021, Holyoak Inc. offers a coupon for $20 off qualifying purchases of its new line of products. Holyoak sold 11,400 of these

Stolb23 [73]

Answer: $193,800

Explanation:

Based on the information given in the question, the expense that Holyoak should report for its promotional coupons in its 2021 income statement would be calculated as:

= 11400 × 85% × 20

= 11400 × 85/100 × 20

= 11400 × 0.85 × 20

= $193,800

3 0

3 years ago

A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that

AlexFokin [52]

Answer:

There are 5 questions altogether, so the answers and explanations are below.

Explanation:

QUESTION 1

Whenever the packaging process is under control, package weight is normally distributed with mean of 20 ounces and standard deviation of 2 ounces. This makes the true mean lie between 18 and 22 [subtract 2 from 20 and add 2 to 20].

For Monday, the mean is the addition of the values then divided by 4. That is, 92/4 = 23

For Tuesday, same computation follows. We have 84/4 = 21

For Wednesday, 80/4 = 20

For Thursday, 76/4 = 19

For Friday, 80/4 = 20

For the packaging process to be out of control, the mean weight for that day of the week must be outside the interval.

The answer is option (A) Monday because the mean weight for that day exceeds the upper limit of 22 ounces.

QUESTION 2

Accordingly, he sampled 4 units of output from each machine.

We will find the mean of the output units from each machine.

M1 : (17+15+15+17) ÷ 4 = 64/4 = 16

M2 : 84 ÷ 4 = 21

M3 : 92 ÷ 4 = 23

The correct answer is option (A) Machine Number 1 because the process mean for that machine is outside the control limit specified. The value 16 is below the lower limit value of 16.71.

QUESTION 3

It is the same as question 2 BUT we are to find the estimate of the process mean for whenever it is under control.

The interval given [16.71 - 23.29] represents the interval within which the process means for machines which are 'under-control' will fall. Hence the estimate of the process mean for whenever the machines are under control is:

(23.29 + 16.71) ÷ 2 = 40/2 = 20

The correct option is (C) 20

QUESTION 4

Specification requires that the piece of material be between 52.47 and 55.53 inches.

The process that produces the piece of material yields an interval of [53.1 - 54.9].

This is gotten from the subtraction of the standard deviation/error from the process mean of 54 and adding the standard error to the process mean of 54.

The answer is option (E) None of the above. This is because the correct answer is 100%. All pieces produced by the process fall within 53.1 and 54.9 inches and this interval falls rightly within the required specification of [52.47 - 55.53] inches.

QUESTION 5

Here, process mean interval is same as the required interval. Subtracting the standard deviation from the process mean and adding it to the process mean, we get our lower limit and upper limit respectively. The distribution of output is also normal.

Since the process is under/in control, it means that the 5 samples had sample means that are within the required interval.

So, since distribution of output (mean) is Normal, 85.01% of the sample means will fall within the middle values of 85.01% of the interval.

The interval spans 1.6 points or inches. This is the distance or difference between the upper and lower limits.

85.01% of 1.6 is 1.36016

We will divide this interval into two so we can get our new standard deviation and subtract it from 59, as well as add it to 59, to get the new interval within which 85.01% of sample means will fall.

1.36016 ÷ 2 = 0.68008

So the new lower limit is 58.31992

New upper limit = 59.68008

Correct answer is Option (E) None of the above

85.01% of sample means will fall within [58.31992 - 59.68008]

If approximated to 3 decimal places as in the options given above, 85.01% of sample means will fall within [58.320 - 59.680] inches.

GOOD LUCK!!

6 0

3 years ago

Pluton makes particular plastics for sale to the public and the government. Basic cost data for a 100-pound drum of one particul

shepuryov [24]

Answer:

Option (D) is correct.

Explanation:

Variable overhead per pound:

= variable overheads ÷ pounds of products to be produced

= 1,200,000 ÷ 1,000,000

= 1.2

Direct labor hours = 20 workers × 175 hours

= 3,500

Direct labor cost = Direct labor hours × 24

= 3,500 × 24

= 84,000

Machine hours = 21,000

Fixed overhead = $3,500,000 per month

Labor related (40%) = 1,400,000 ÷ 3,500 hours

= 400

Machine related (60%) = 2,100,000 ÷ 21,000 hours

= 100

Total cost of conversion:

= Direct labor cost + Variable overheads + Fixed overheads

= Direct labor cost + Variable overheads + (Labor related + Machine related)

= 10 min(24 ÷ 60 min) + (100 × 1.2) + [(400 ÷ 60)× 10 + (100 ÷ 60)× 75]

= 4 + 120 + 66.66666667 + 125

= 315.66666667

8 0

2 years ago