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algol [13]
4 years ago
10

Richard is attending an important board meeting with his colleagues to discuss future plans for the company. Many ideas are bein

g presented, and Richard is carefully judging and evaluating what he is hearing. He is also listening to decide whether the speaker’s message is fact, fiction, or opinion. Richard is engaging in
Business
1 answer:
eimsori [14]4 years ago
3 0

Answer: Critical listening

Explanation:

Richard is engaged in critical listening during the course of the meeting, to fully get the full message passed across by the different speakers at meeting.

Critical listening is a type of listening, where an individual pays full attention to get full details of information being passed across during a speech and in the process making judgements about what is been discussed.

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Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (
Fofino [41]

Answer and Explanation:

1.

The direct labor overhead rate using the direct labor hours is shown below:-

Direct labor overhead rate = Total overheads ÷ Direct labor hours

= $220,800 ÷ 1,725

= $128

b. The machine hour overhead rate using the machine hours is

= Total overhead ÷ Machine hours

= $220,800 ÷ 4,600

= $48

2.

The factory overhead costs using direct labor hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Direct labor            

hours                        730                 480                515

Overhead rate         $128               $128              $128

Total                        $ 93,440        $61,440        $65,920     $220,800

For determining the total overhead we simply multiply the direct labor hours with overhead rate.

The factory overhead costs using machine hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Machine hours          1,970               1,270         1,360

Overhead rate            $48                  $48              $48

Total overhead        $94,560         $60,960    $65,280      $220,800

For determining the total overhead we simply multiply the machine hours with overhead rate.

7 0
4 years ago
Tano issues bonds with a par value of $180,000 on January 1, 2016. The bonds' annual contract rate is 8%, and interest is paid s
Sauron [17]

Answer:

The discount on the bonds issuance is $9,138.00

Explanation:

discount on bonds at issuance=bonds face value-bonds cash proceeds

bonds face value is $180,000

bonds cash proceeds =$170,862

Discount on bonds at issuance=$180,000-$170,862

Discount on bonds at issuance=$9,138.00  

The necessary journal entries to record the bonds issuance are follows:

Dr Cash                                $170,862.00

Dr discount on bonds issue $9,138.00

Cr Bonds payable                                   $180,000

The discount on the bonds would amortized over relevant years

5 0
3 years ago
Bramble, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $6,600 from sales $200
Advocard [28]

Answer and Explanation:

The preparation of the analysis is shown below:

Particulars   Continue Eliminate       Net Income (Decrease)

Sales          $200,000        $0          -$200,000

Less: Variable Costs $176,000 $0         -$176,000

Contribution margin $24,000 $0          -$24,000

Fixed Costs $30,600           $20,600   $10,000

Net Income/Loss -$6,600   -$20,600   -$14,000

As we can see that in both the cases whether eliminate or continue the amounts comes in negative but in continue there is a less amount of loss as compared to eliminated one

Therefore, in this case, the big Bart line could be continued

8 0
3 years ago
Frank Fronton decided to become a professional jai alai player. In January, Fronton joined a jai alai club where he could train
belka [17]

Answer:

$6,300

Explanation:

The computation of expenses that can be deducted is shown below:-

Expenses that can be deducted = Fee paid for club after getting contract(for 5 months) + Replacement cost + Travelling

= ($1,000 × 5) + $500 + $800

= $6,300

Therefore for computing the expenses that can be deducted we simply add  Fee paid for club after getting contract, replacement cost and travelling and the rest amount is not relevant for computation.

6 0
3 years ago
Suppose that two Japanese companies, Hitachi and Toshiba, are the sole producers (i.e., duopolists) of a microprocessor chip use
Dima020 [189]

Answer: Please refer to Explanation

Explanation:

a) When both Hitachi and Toshiba engage in a limited campaign, they both earn $11 million.

If both engage in an extensive campaign they both earn $8 million.

However, if one firm engages in an extensive campaign and the other firm engages in a limited one, the firm engaging in a limited campaign earns $4 million while the one engaging in an extensive campaign earns $16 million.

I have attached a photo to show the payoff matrix as a table.

b) In the absence of a binding and enforceable agreement, that is to say that if both firms are not colluding, Hitachi's dominant strategy would be to engage in an EXTENSIVE PROMOTIONAL CAMPAIGN.

A Firm's dominant strategy in absence of an agreement is that strategy that a firm can go on and make a maximum amount of profit regardless of what the other firm does.

Should Hitachi engage in an Extensive Campaign, they will make $16 million in quarterly profit if Toshiba engages in a Limited Campaign. Should Toshiba also decide to engage in an Extensive Campaign, then Hitachi makes a profit of $8 million. This is therefore their best alternative as opposed to embarking on a limited Campaign where there is a chance that they will make $4 million.

With the Extensive Campaign, Hitachi's Minimum Payoff is $8 million.

c) The game is the same for both players so the best option for Hitachi, is the best option for Toshiba as well. This means that Toshiba's dominant Strategy is an EXTENSIVE PROMOTIONAL CAMPAIGN and their minimum payoff is $8 million as well.

3 0
3 years ago
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