Answer:
d. If the manager invests in the additional project, residual income of the division will increase.
Explanation:
RI = Operating Income - (Operating Assets x Minimum Required Rate of Return)
with adding the additional project
Operating Income: $60000 +6000 =$66000
Operating Assets: $375000+$40000 =$415000
Residual income =$66000-14%*$415000 =$7900
Consider the attached information.
Answer:
Purchases= $55,420
Explanation:
Giving the following information:
Sales:
Jan.($120,000)
Feb.($108,000)
Gross profit is 35% of sales.
Inventory on Jan. 1st is $29,600.
Target ending inventory is 10% of next month's sales.
<u>To calculate purchases for January, we need to use the following formula:</u>
Purchases= Production + desired ending inventory - beginning inventory
COGS January= 120,000*0.65= 78,000
COGS February= 108,000*0.65= 70,200
Purchases= 78,000 + (70,200*0.1) - 29,600
Purchases= $55,420
Answer:
Hire a management team with complementary industry experience.
A planning bill of materials is most likely used in "assemble-to-order" mpc environment.
According to the corporate production approach known as "assembly-to-order," customers' orders for items are swiftly manufactured and, to some extent, customized. Typically, it calls for the basic product components to be manufactured but unassembled. The parts are swiftly put together after receiving an order, and the finished item is then delivered to the client.
The assemble-to-order strategy (ATO) is a combination of the make-to-stock (MTS) and the make-to-order (MTO) strategies (MTO). Making all of the product in advance is known as a "make-to-stock" technique. The goal is to create an inventory that satisfies current or projected consumer demand. This strategy would involve deciding on a production level, stockpiling items, and then making an effort to sell as many assembled products as you can.
Learn more about Assemble-to-order, here
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Answer:
b. the average number of days to collect receivables is 64.
Explanation:
Average number of days to collect receivables = Accounts Receivable ÷ ( Sales / 365)
= $46,000 ÷ ($266,000 / 365)
= 63.10 or 64
Conclusion
The average number of days to collect receivables is 64