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jek_recluse [69]
3 years ago
7

What is a formal arraignment to limit the production of a product

Business
1 answer:
raketka [301]3 years ago
7 0
This is known as a Cartel

''A formal agreement between many companies to limit production and artificially increase the demand and price of their products to make more profits''

Cartels are illegal in almost every country, but that has not stopped many large companies from taking part in such activities.

They exist because it is extremely difficult to legally prove that a group of companies is acting as a Cartel.

Cartels can have a devastating long-term impact on the local and national economy.



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At January 1, 2016, Sheffield Corp. has beginning inventory of 3000 surfboards. Sheffield estimates it will sell 11000 units dur
denpristay [2]

Answer:

budget sale revenue  = $2,069,760

Explanation:

given data

beginning inventory = 3000

sell  = 11000 units

sales = 12% increase

ending inventory = 25%

surfboard costs = $100

sold = $150

to find out

How much is budgeted sales revenue for the third quarter of 2016

solution

first we will get here budget sales unit for quarter 3 that is

budget sales unit = ( 11000 × 112% ) 112%

budget sales unit = $13798.4

and

selling price is here $150

so

budget sale revenue for 3rd quarter sale is = budget sales unit × selling price

budget sale revenue  = $13798.4 ×  $150

budget sale revenue  = $2,069,760

3 0
3 years ago
A woman bought acreage but never saw it and did not use it; although, she regularly paid the real estate taxes on it. Without he
DaniilM [7]

Answer: b. Adverse possession

Explanation:

Adverse possession could be described as occupying a property not yours legally. This occurs when the owner of such property can't be found or identified over a very long period of time, then the party going in goes about acquiring the property legally. The individual who acquires the property now could be seen as the legal owner of the property

4 0
3 years ago
Corporation produces a semiconductor chip used on communications. The direct materials are added at the start of the production
iren2701 [21]

Answer:

Equivalents Units Of Production   Materials=  475,000  

Conversion Costs 450,000    

Cost of Completed Units =$ 5138250

Cost of Units in the Ending Inventory           $ 604,500

Explanation:

Direct materials costs of $ 935,750

Conversion costs of $ 4,554,000

Total Manufacturing Costs  $ 5489,750

                           Units                 % of Completion                EUP

                                                D.M         C.C                   D.M         C.C

         

Units completed 425,000     100           100              425,000      425,000

Ending Inventory  50,000      100           50                50,000        25000

Total Units Of Production                                        475,000        450,000                

Direct Materials= $ 935,750/ 475000= $ 1.97

Conversion Costs = $ 4,554,000/ 450,000= $ 10.12

Cost of Completed Units =$ 5138250

Direct Materials = 425,000 * 1.97= $ 837250

Conversion Costs = 425,000 *10.12= $ 4301,000

Total Cost of Manufacturing Units= $ 5138250

Cost of Units in the Ending Inventory           $ 604,500    

Direct Materials = 50,000 * 1.97= $ 98,500

Conversion Costs = 50,000 * 10.12= 506000

Total Costs                  $ 604,500              

7 0
3 years ago
Which of the following is a depository financial institution?
Darya [45]
The answer is "Online Bank"
4 0
3 years ago
Read 2 more answers
All activities associated with the flow and transformation of goods and services from the raw material stage to the end user, to
salantis [7]

Answer: Supply chain

Explanation: The sequence of steps taken by the company for production and delivery of the good or service produced is called supply chain.

In simple words, supply chain can be defined as the network a company shares with its suppliers to effectively distribute goods to the consumer.

From the above explanation we can conclude that the right answer is SUPPLY CHAIN.

6 0
3 years ago
Read 2 more answers
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