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3 years ago

Generally the preferred method of making decisions within an organization is the

1 answer:

4 0

Generally the preferred method of making decisions within an organization is the rational model. This model is the preferred method for making decisions but generally it is pretty unrealistic for a company to obtain and adapt into their organization. This model tries to combine rational with structured deicsion aking for the best possible outcome.

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Assume that Saudi Arabia has production possibilities to produce either 100 barrels of oil using 100 worker hours or 25 bushels

Hatshy [7]

Answer: 10 bushels

Explanation:

If they produce 100 barrels of oil using 100 worker hours, it means that the number of work hours taken for 1 barrel is:

= 100 / 100

= 1 work hour

For bushels however, 1 worker hour produces:

= 25 / 100

= 0.25 bushels of corn

If 60 barrels of oil are produced, it means 60 worker hours were used which would leave 40 worker hours.

Bushels of corn produced is therefore:

= 40 * 0.25

= 10 bushels

5 0

2 years ago

A _____ plan gives all employees a minimum level of benefits and a set amount to spend on flexible benefits, such as additional

Katarina [22]

Answer:

Cafeteria Plan

Explanation:

The cafeteria plan is minimum benefits that the employer have to provide or personally provide to all the employees working in its organization. In some jurisdictions like USA and Europe, the employer has to provide minimum level of facilities and benefits to the employee which inculdes healthcare, pension contributions, etc.

5 0

3 years ago

The following is the sales budget for Coore, Inc., for the first quarter of 2019. January February March Sales budget $168,000 $

nekit [7.7K]

Answer:

a. Sales for November = $192,666.67

b. Sales for December = $390,500

c. Cash collections for:

January = $216,200

February = $213,075

March = $191,750

Explanation:

First consider the following information:

Credit sales are collected as follows:

65% in the month of the sale

20% in the month after the sale

15% in the second month after the sale

a. To calculate sales for November, note that the account receivable balance at the end of the previous quarter is from the sales of the previous two months (November and December), of these sales, we are told that $78,100 is from December sales, therefore to calculate the amount from November sales = 107,000 - 78,100 = $28,900.

Next, we are told that the 15% of sales are collected is the second month following sales, and January is the second month following the November sales from the previous quarter, therefore, the $28,900 from the previous November sales is 15% of the original sales, and the original sale is calculated thus:

Let sale for November be N

15% of N = 28,900

15/100 × N = 28,900

0.15N = 28,900

∴ N = 28,900 ÷ 0.15 = $192,666.67 ( to 2 decimal places)

b. The $78,100 which was uncollected December sales is 20% of the original sales, since December is the one month away from the beginning of the new quarter, and 20% of sales is collected in the month following sales. Therefore December sales is calculated as follows:

Let December sales be D

20% of D = 78,100

0.20 × D = 78,100

∴ D = 78,100 ÷ 0.20 = $390,500

i. Cash collections in January

from previous quarter = $107,000

from January's sales = 65% of January sales

= 0.65 × 168,000 = 109,200

Total cash collection in January = $216,200

ii. cash collections in February:

From December sales = 15% of December sales ( Fabruary is 2 months following December sales)

= 0.15 × 390,500 = $58,575

from January's sales = 20% of January sales (February is the month following January's sales)

= 0.20 × 168,000 = $33,600

from February's sale = 65% of February's sales

= 0.65 × 186,000 = $120,900

Total cash collections in February = 58,575 + 33,600 + 120,900 = $213,075

iii. Cash collections in March

From January's sale = 15% of January's sales

= 0.15 × 168,000 = $25,200

from February's sale = 20% of February's sale

= 0.20 × 186,000 = $37,200

From March's sale = 65% of March's sale

= 0.65 × 199,000 = $129,350

∴ Total cash collections for March = 25,200 + 37,200 + 129,350 = $191,750

7 0

3 years ago

If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country

mr_godi [17]

Answer:

b. $2 billion trade surplus with country B.

Explanation:

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

In this case, exports to country B are worth $10 billion which are larger than the $8 billion of imports from country B. Country A's trade surplus is given by:

$S = \$10-\$8\\S=\$2\ billion$

Therefore, the answer is alternative b.

6 0

3 years ago

Froya Fabrikker A/S of Bergen, Norway, Is a small company that manufactures specialty heavy equipment for use In North Sea oil f

solmaris [256]

Answer:

1) JOURNAL ENTRIES

a) Debit Material Account $290,000 Credit Accounts Payable $290,000

b) Debit Work in process $ 275,000 Credit Material Account $275000

c) Debit Factory overheads $69300, Debit Selling and admin (utility expense) $7,700 Credit Accounts Payable $77,000

d) Debit Work in process $320,000 Debit Factory overheads $108,000

Credit Salary and wages Payable $428,000

e) Debit Factory overheads $72,000 Credit Accounts payable $72,000

f) Debit Selling and admin expense (Advertising) $154,000 Credit Accounts payable $154,000

g) Debit Debit depreciation expense $90000 Credit Accumulated depreciation on Factory equipment $67,500 Credit Accumulated depreciation on selling and admin facilities $22,500

h)Debit Factory rent $92000 Debit selling and admin rent $23000 Credit Accounts payable $115000

i) Debit Work in process $417,100 Credit Manufacturing overhead costs $417,100

j) Debit Finished goods $950,000 Credit work in process $950,000

k) Debit Accounts receivables $2,100,000 Credit Revenue $2,100,000

Debit cost of sales $980,000 Credit Finished goods $980000

2) DR Raw materials CR

opening bal 48000 work in process 275000

Accounts payable 290000 balance c/d 63000

338000 338000

work in process

opening balance 39000 finished goods 950000

Raw materials 275000 balance c/d 101100

salaries payable 320000

applied overheads 417100

1051100 1051100

finished goods

opening balance 78000 cost of sales 980000

work in process 950000 balance c/d 48000

1028000 1028000

Manufacturing overheads

accounts payable 69300 work in process 417100

salaries payable 108000

accounts payable 72000

depreciation 67500

Accounts payable 92000

cost of sales (over) 8300

417100 417100

selling and admin overheads

Accounts payable 7700 Profit and loss account 207200

Accounts payable 154000

Depreciation 22500

Accounts payable 23000

207200 207200

Accumulated depreciation on Factory equipment

balance c/d 67500 depreciation 67500

Accumulated Depreciation on selling and admin facilities

balance c/d 22500 depreciation 22500

Accounts payable

balance c/d 638700 raw materials 290000

accounts payable 69300

accounts payable 72000

Accounts payable 92000

Accounts payable 7700

Accounts payable 154000

Accounts payable 23000

638700 638700

cost of sale

Finished goods 980000 manufacturing overheads 8300

trading account 971700

980000 980000

sales

trading account 2100000 Accounts receivable 2100000

trading account

cost of sales 971700 sales 2100000

gross profit 1128300

3) cost of goods manufactured

direct material 275000

Direct labor 320000

applied overheads 417100

cost of goods manufactured <u>1012100</u>

4a) Debit Manufacturing overhead 8300 Credit cost of sales 8300

4b) finished goods

opening 78000

work in process 950000

closing goods 48000

Cost of goods sold <u> 980000</u>

5)INCOME STATEMENT

SALES 2100000

COST OF SALES -971700

gross profit 1128300

selling and admin costs -207200

Net income $921100

Explanation:

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3 years ago