Answer and Explanation:
1. The journal entry is given below:
Investment in Mountain $213,000
To Cash $213,000
(Being the original investment is recorded)
Here the investment is debited as it increased the assets and credited the cash as it decreased the assets
2.
The goodwill is
Purchase price $213,000
Less : Fair value of assets purchased (30%of $660,000) $198,000
Goodwill Purchased (difference) $15,000
3.
Cash (30% × $11,700) $3,510
To Investment in Mountain $3,510
(being cash is recorded)
Investment in Mountain (30% 17,700) $5,310
To Investment Revenue $5,310
(Being investment is recorded)
Answer:
TAKT time: 840 seconds
maximum output: 315 coolers.
Explanation:
The takt time refers to matching the production pace with the demand
To produce 30 coolers per 7-hours day we need an outpot of:
7 hours x 60 minutes x 60 seconds = 25,200
output of 30 coolers
takt: 25,200 / 30 = 840 seconds
producing a cooler every 840 seconds is the takt time.
Maximum output:
If the company does several cooler in parallel it will have a bottle neck in the longest individual task so, this time determinates the maximum output.
25,200 second of working time available
80 second longest task to complete a cooler:
25,200 / 80 = 315 coolers.
Answer:
1. Sharp increase in taxes affects middle-class families
2. A sports-apparel company cuts jobs as a result of slow sales
3. A fast food chain goes out of business and shuts down all of its restaurants.
Explanation:
The circular flow of income shows the flow of money from economic activities between households and firms. Households receive payments for their services in the form of wages and salaries and use this money to purchase goods and services for consumption from the firms. The firms can use their sales revenue and profits to pay for wages and salaries. This continues in a cycle.
There are injections into and withdrawals out of the circular flow of income. Withdrawals (leakages) can occur in the form of savings, taxes and imports.
1. When there is a sharp increase in taxes, people spend more of their income on paying their taxes. Hence, they have little remaining of disposable income to spend on consumption.
2. When a sports-apparel company cuts down on jobs, many people will lose their salaries or wages. Hence, they would be unable to spend on goods and services produced by the firm. This in turn means lower sales revenue for the firm.
3. As a fast food chain shuts down its operation, a lot of suppliers will lose their sales. At the same time, employees would lose their income. Hence, it is a form of leakage from the circular flow of income.
CORRECT ANSWER:
An external search.
STEP-BY-STEP EXPLANATION:
Where past experience or expertise is inadequate, there is a high risk of making a wrong buying decision and a low cost of gathering information. We have 3 primary sources.
The primary sources of external information are
1-personal sources
2-public sources
3- marketer-dominated sources
Answer:
Form Utility
Explanation:
Keithet Corp. is utilising the materials from the plastic waste. The utility is the process which is used for increasing the product attractiveness for the consumers through altering the physical appearance. This will involve making a product through converting it to a form which is beneficial to consumers. Therefore, the corp. uses the plastic blocks which is a substitute the bricks, to plastic nails for the carpentry.
