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Ugo [173]
4 years ago
10

A company produces products at 2 plants each of which have a capacity of producing 75 units. 50 units of each product must be sh

ipped to each of three customers. We know the cost of shipping a unit of the product from each plant to each customer. Our goal is to minimize the total cost of shipping the needed units to the customers. If we use the Excel Solver to try and minimize the total cost of meeting customer demand we will need how many variable cells?
Business
1 answer:
zalisa [80]4 years ago
7 0

Answer:

the answer is 6

Explanation:

In this case we would need to have a combination of each plant with each customer. So the variable would be in this way (3C X 2P)

              Customer1            Customer2           Customer3

Plant1      P1C1                      P1C2                     P1C3

Plant2     P2C1                     P2C2                    P2C3

Once you have this you can calculate the best combination to minimize the cost of shipping

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Rose Project is a nongovernmental not-for-profit entity established to help runaway children. Every year, Rose holds a charity b
Nesterboy [21]

Answer:

A. $665,000

Explanation:

Rose received the following

Unrestricted $500,000

Restricted for counseling programs $200,000

Hence, Total Outstanding Pledge = $500,000 + $200,000 = $700,000

The Amount of Provision to be reported = $700,000 x 5% = $35,000

Amount should the pledges be reported on Rose’s balance sheet as pledges receivable will be $700,000 - $35,000

= $665,000

8 0
3 years ago
ISO 9000 is a certification program attesting that a factory, laboratory, or office has met the rigorous requirements set by the
Semenov [28]

Answer:

True.

Explanation:

ISO 9000 is a certification program attesting that a factory, laboratory, or office has met the rigorous requirements set by the International Organization for Standardization.

Basically, the ISO 9000 is a tripartite continuous process that involves planning, controlling and documentation of quality in a business firm or organization.

This ultimately implies that, the ISO 9000 is a set of standards that typically guides an organization in ensuring that they meet both the stakeholders and consumer requirements or needs with respect to their products and services under statutory and regulatory requirements at a specific period of time.

7 0
3 years ago
The role of the Securities and Exchange Commission (SEC) in the formulation of accounting standards can be best described as1. i
Dvinal [7]

Answer:

2. Varied- the SEC relies on FASB to develop standards but gives advice and recommendations to the private sector as needed.

Explanation:

The FASB, Financial Accounting Standards Board is an independent non- profit organization, formed in 1973, that is tasked with establishing accounting as well as financial reporting standards for profit and nonprofit organizations in the USA. It also has the authority to interpret generally acceptable accounting principles for private and public companies in preparation of financial reports and presentation of such reports. The SEC like every other organization, relies on the FASB to formulate rules and regulations (standards) for public companies mainly while giving private companies recommendations. The FASB is recognized by state accounting boards such as AICPA (American Institute of Certified Public Accountants) among other accounting boards.

I hope this helps.    

8 0
4 years ago
In 2019, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. R
xeze [42]

Answer:

C) $22,727.

Explanation:

to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:

(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727

to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727

The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.

7 0
3 years ago
During December, the production department of a process operations system completed and transferred to finished goods a total of
wolverine [178]

Answer:

$2.81

Explanation

Completed and transferred (79,000 * 100%)     79,000

<u><em>Ending Work in Process</em></u>

Direct materials (14,000*60%)                             <u>8,400 </u>

Equivalent units                                                   <u>87,400</u>

Costs of beginning inventory                               $58,800

Costs incurred this period                                    <u>$186,900</u>

Total costs                                                             <u>$245,700</u>

Cost per equivalent unit = Total costs / Equivalent units

Cost per equivalent unit = $245,700 / 87,400

Cost per equivalent unit = 2.811212814645309

Cost per equivalent unit = $2.81

3 0
3 years ago
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