All categories

3 years ago

What two requirements of supply must someone meet to be considered a producer?

1 answer:

8 0

The two requirements of supply that someone must meet in order to be considered a producer are the following:
1. the willingness to supply a product or service
2. the ability to supply a product or service

Without these two, you don't have what it takes to become a producer. But if you have the means to support your company, and the wish to do so, there's nothing stopping you.

You might be interested in

Assessment

Sunny_sXe [5.5K]

This should NOT be considered when setting a current budget

Future income

Explanation:

Future income can be anticipated but never factored in.

This is because the economy is not only controlled by economic policy or statistics that anticipate growth but outside influences too.

For example, despite the productive growth in the recent time there will be decrease in incomes throughout the world this year.

This is because of the recent crisis that was not foreseen at all.

Thus policy making must not see the future as anything granted and must only set up goals for the present and only anticipate what would probably come in the future.

4 0

3 years ago

A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the secon

Alexandra [31]

Answer:

The budgeted materials need in kg. in the first quarter is 90,000 kg

Explanation:

For computing the budgeted material needed in the first quarter, first we have to calculate the consumption of first and second quarters separately, so that we can arrive to a solution.

The consumption of first quarter = Budgeted production × required kg

= 45,000 × 2

= 90,000 kg

The consumption of second quarter = Budgeted production × required kg

= 30,000 × 2

= 60,000 kg

The ending raw material inventory = 30% of second quarter

= 30% × 60,000

= 18,000 kg

Now put the formula to find out the purchase amount. The formula is shown below:

Raw material consumption = Opening raw material inventory + purchase of raw material - ending raw material inventory

where,

beginning inventory = 18,000 kg

90,000 = 18,000 + purchase - 18,000

So, the purchase is 90,000 kg

The question has asked the amount in kg so cost per kg is irrelevant.

Hence, the budgeted materials need in kg. in the first quarter is 90,000 kg

3 0

3 years ago

When developing the advertising program, firms must choose between the various forms of media available. Each of the eight commo

SSSSS [86.1K]

Answer:

direct mail

Explanation:

6 0

3 years ago

brussels enterprises issues bonds at par dated january 1, 2021, that have a $2,700,000 par value, mature in four years, and pay

Nadusha1986 [10]

The journal entry for the issuance of bonds for cash on January 1 is: Debit Cash $2,700,000, Credit Bonds payable $2,700,000.

<h3>Journal entry</h3>

1. January 1

Debit Cash $2,700,000

Credit Bonds payable $2,700,000

(To record issuance of bonds for cash)

2. June 30

Debit bond Interest expense $81,000

Credit Cash $81,000

($2,700,000×6%/2)

(To record first semiannual interest payment)

December 31

Debit bond Interest expense $81,000

Credit Cash $81,000

($2,700,000×6%/2)

(To record second semiannual interest payment)

3. December 31, 2021

Debit Bonds payable $2,700,000

Credit Cash $2,700,000

(To record payment of bonds payable)

Therefore the journal entry for the issuance of bonds for cash on January 1 is: Debit Cash $2,700,000, Credit Bonds payable $2,700,000.

Learn more about journal entries here:brainly.com/question/14279491

#SPJ1

6 0

1 year ago

If an employee is the alleged perpetrator, is the mandated reporter employee required to file the suspected child abuse report a

SSSSS [86.1K]

Yes, the mandated reporter employee is required to file the suspected child abuse report and immediately inform their supervising administrator of the alleged inappropriate conduct. This is further explained below.

<h3>What is inappropriate conduct?</h3>

Generally, Insulting, threatening, demeaning, malevolent, degrading, or offensive language, behavior, or gestures against a person or group is Inappropriate Conduct.

In conclusion, there is an obligation on the part of the mandated reporter to disclose any suspicions of child abuse and to notify their immediate supervisor of the situation.

Read more about inappropriate conduct

brainly.com/question/15030945?

#SPJ1

7 0

2 years ago