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3 years ago

A firm run by a rational entrepreneur would want to hold inventories. True False

1 answer:

4 0

True
Because having inventories would mean the following:
1. Holding Inventory avoids loss of sales
2. Holding Inventory gains quantity discount
3. Holding Inventory reduces order cost 4. Achieve efficient production runs by holding inventory
5. Holding Inventory reduces risk of production shortages

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Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2019, the fi

jeka94

Answer:

income statements for each year using variable costing

2019 2020

Sales $8,832,000 $11,040,000

Less Cost of Sales :

Opening Stock $0 $353,280

Add Manufacturing Cost $1,766,400 $1,413,120

Less Closing Stock ($353,280) $0

Cost of Sales ($1,413,120) ($1,766,400)

Contribution $7,418,880 $9,273,600

Less Expenses

Fixed manufacturing costs ($3,312,000) ($3,312,000)

Selling Expenses :

Variable ($706,560) ($883,200)

Fixed Administrative Expenses ($470,000) ($470,000)

Net Income / (Loss) $2,921,120 $4,608,400

Explanation:

Reconciliation of Units

2019 2020

Opening Stock 0 920

Add Production 4,600 3,680

Available for Sale 4,600 4,600

Less Sales (3,680) (4,600)

Closing Stock 920 0

Product Cost

Consider only variable manufacturing costs

Product Cost = $2,400 × 16%

= $384

7 0

3 years ago

Leaders who function primarily by clarifying role and task requirements to accomplish established goals exhibit a(n) ________ st

aksik [14]

Answer: transactional

Explanation:

5 0

3 years ago

Many workers in the Transportation and Logistics career cluster face danger because

nignag [31]

Answer:

a. they use heavy equipment and handle dangerous cargo and materials.

Explanation:

Workers in the transport and logistics careers operate heavy machinery, which subjects them to potential incidents and accidents that can cause severe bodily injuries or fatalities.

The workers move heavy and bulky leads. Their duties require them to lift, pull, or push the heavy cargo. They use ladders and other escalators to lift cargo to higher grounds. These acts pose the danger of falling or being knocked on by the load.

Transport and logistics workers handle hazardous chemicals and highly flammable substances. The workers and their supervisors must ensure to abide by all safety regulations to stay safe in the workplace.

3 0

4 years ago

Read 2 more answers

What is the var of a 10 million portfolio with normally distributed returns at the 5% VaR? Assume the expected return is 13% and

Kitty [74]

Answer and Explanation:

The computation is shown below:

1. VaR = Expected return - z × Standard deviation

= 13% - 1.645 × 20%

= -19.90%

Therefore the option a is the correct answer.

2) Now the correlation coefficient is

Variance of the portfolio = (weight of A × Standard deviation 1)^2 + (weight of B × Standard deviation 2)^2 + (2 × weight of A × weight of B × Standard deviation 1 × Standard deviation 2 × correlation 1 and 2)

3.80% = (60% × 24%)^2 + (40% × 18%)^2 + (2 × 60% × 40% × 24% × 18% × correlation 1 and 2)

So the correlation is 0.583

8 0

3 years ago

he Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the u

Elodia [21]

Answer:

1. Total estimated direct labor cost = $148,800

2. Total estimated manufacturing overhead cost = $410,880

3. Total Cash disbursement for the fiscal year = $254,880

Explanation:

Please see attached detailed explanation of the above questions and answers.

8 0

3 years ago