Answer:
True
Explanation:
TANSTAAFL is an abbreviation for the phrase -- "There ain't no such thing as a free lunch."
The expression means that every decision has its cost. The message it conveys is that even the things presented as free, have a cost. In other words, there is nothing that is absolutely for free in life.
The expression is essential in decision making, whether financial or lifestyle. The concept urges customers to consider the "silent" costs before making a decision.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales:
April 45,000
May 38,000
June 42,000
Each unit requires one pound of raw material. Saphire's policy is to have 30% of the following month's production needs for materials in inventory.
A) Budgeted production= sales + desired ending inventory - beginning inventory
Budgeted production:
Sales=38,000
Ending inventory= 42,000*0.3= 12,600
Beginning inventory= 38,000*0.3= (11,400)
Total= 39,200
B) Desired beginning inventory= budgeted sales*30%
Beginning inventory= 42,000*0.3= 12,600
Answer:
D. It can direct employees' efforts toward goals.
Explanation:
Corporate culture of an organization refer to the values, beliefs, and behaviors shared and expected of the employees of the organization.
Corporate Culture is usually influenced by by the tone at the top which the trickles down to other employees of the organization.
It is a key element in driving the organization towards set goals and objective.
Hence, corporate culture can direct employees' efforts toward goals.
Answer:
$30,000
Explanation:
Muffins Coffee Cakes
Contribution Per Unit (A) $4 $5
Oven Hours Required (B) 0.2 0.3
Contribution Per Hour $20 $16.67
Rank 1 2
Total Hours Available 1,500
Hours Required for 1 Unit of Muffin <u> 0.2 </u>
Total Muffins Production with 1500 Hours (1,500/.2) 7,500
Contribution Per Unit <u> $4 </u>
Total Contribution (7,500*$4) <u>$30,000</u>
