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3 years ago

Using contract manufacturing as a strategy to reach global markets gives firms the advantage of

Business

1 answer:

lesya692 [45]3 years ago

7 0

Answer: C. reduced risks

Explanation:

Contract manufacturing refers to when a company outsources the production of certain goods or components that it normally produces to another company and in terms to global markets, to another company in another country ad this is usually done to reduce costs as the company that the production was outsourced to can produce at a cheaper price.

By using this method to reach global markets, the contracting company would be able to reduce financial risk which is the risk that a project will not payback because the costs associated will become less therefore the chances of the project paying back will increase simply because it only has to cover a lesser cost of production.

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Which type of wan connection is not shared with other users and has continuously available communications channels?

nignag [31]

The leased line is a type of WAN (Wide Area Network) connection is not shared with other users and has continuously available communications channels. Leased line is a dedicated private circuit or data line that interconnects two or more sites. It is provided in exchange for a monthly fee or rent. It is a kind of private telecommunication line with fixed bandwidth (rate).

3 0

3 years ago

Calculate the gross margin in both dollars and percentage for this swim department if net sales are $1,150,000 and cost of goods

yawa3891 [41]

The gross margin ratio is also known as the gross profit margin or the gross profit percentage.

The gross margin ratio is computed by dividing the company's gross profit dollars by its net sales dollars.

swim department net sales--------------------- $1,150,000

cost of goods sold -------------------------------- $638,400

This means its gross profit is $511,600 (net sales of $1,150,000 minus its cost of goods sold of $638,400) and its gross margin ratio is 44% (gross profit of $511,600 divided by net sales of $1,150,000).

6 0

3 years ago

Al, walks in off the street, says the grounds could use some sprucing up, and offers to do it for $8 an hour. Management gives h

Rufina [12.5K]

Answer:

Option B must pay him as an employee, withhold appropriate taxes and issue a W-2 at year end

Explanation: He is paid based on hours worked, and uses the company equipment thus is an employee who is controlled by an employer. The independent contractors buy their own supplies, provide their own equipment and paid based on tasks performed

4 0

3 years ago

Valutech Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the

lyudmila [28]

Answer:

$65 per unit

Explanation:

For computing the cost per unit first we have to determine the cost of goods manufactured which is shown below:

Cost of goods manufactured = Opening work in process + direct material cost + direct labor cost + manufacturing overhead cost - ending work in process

= $10,000 + $12,000 + $6,000 + $4,000 - $6,000

= $26,000

And, there is a production of 400 MP3 players

So, the cost per unit is

= $26,000 ÷ 400 MP3 players

= $65 per unit

8 0

2 years ago

Timmy Company's comparative balance sheet at January 31, 2017, and 2016. reports the following (in millions):

Irina-Kira [14]

Answer:

The Accounting Equation states that;

Assets = Liabilities + Equity

Equity as at 2016 = Assets - Liabilities

= 50 - 13

= $37 million

Equity as at 2017 = Assets - Liabilities

= 77 - 18

= $59 million

1. Timmy issued $13 million of stock and declared no dividends.

The Net Income ( loss) will be the figure that gives the Statement of Equity a figure of $59 million.

Net Income = Total stockholders' equity, January 31, 2017 - Total stockholders' equity, January 31, 2016 - Issuance of stock

= 59 - 37 - 13

= $9 million

Total stockholders' equity, January 31, 2016 ................ 37

Add: Issuance of stock ......................................................... 13

Net income ......................................................................9

Less: Dividends declared......................................................0

Net loss.......................................................................................0

Total stockholders' equity, January 31, 2017...................59

2. Timmy issued no stock but declared dividends of $17 million.

Net Income (loss) = Total stockholders' equity, January 31, 2017 - Total stockholders' equity, January 31, 2016 + Dividends Declared

= 59 - 37 + 17

= $39 million

Total stockholders' equity, January 31, 2016 ................ 37

Add: Issuance of stock ......................................................... 0

Net income ......................................................................39

Less: Dividends declared......................................................(17)

Net loss.......................................................................................0

Total stockholders' equity, January 31, 2017...................59

3. Timmy issued $20 million of stock and declared dividends of $27 million.

Net Income (loss) = Total stockholders' equity, January 31, 2017 - Total stockholders' equity, January 31, 2016 + Dividends Declared - Issuance of stock

= 59 - 37 + 27 - 20

= $29 million

Total stockholders' equity, January 31, 2016 ................ 37

Add: Issuance of stock ......................................................... 20

Net income ......................................................................29

Less: Dividends declared......................................................(27)

Net loss.......................................................................................0

Total stockholders' equity, January 31, 2017...................59

7 0

3 years ago