Answer: A medium of exchange.
Explanation: A medium of exchange can be in the form of currency, which allows one person to trade/exchange it for another item. Currency is used to purchased an item that another person is selling and they give each other the different items during their exchange.
Answer:
See below
Explanation:
•Crew Cut's operating cash flow was;
Operating cash flow = EBIT - Taxes + Depreciation
= $23.18 million - $3.82 million + $7.82 million
= $27.18 million
• Investment in operating capital for 2018
Investment in operating capital = Change in gross fixed assets + Change in net working capital
= $10.18 million + ($6.18 million - $3.82 million)
= $10.18 million + $2.36 million
= $12.54 million
• Free cash flow for 2018
Free cash flow = Operating cash flow - Investment in operating capital
= $27.18 million - $12.54 million
= $14.64 million
Answer:
D) The focus in service is on revenue maximization, while the focus in manufacturing is on cost minimization.
Explanation:
You can set up a manufacturing location in different places, mostly depending on the costs associated with the supply management (both upstream and downstream).
While location is extremely important for a service provider and its capacity to generate revenue, e.g. a hotel or a restaurant cannot be located in the middle of nowhere.
Answer:
The correct answers from the options are options C and E
Explanation:
Here, the first investment alternative depicts an investment in a risky asset with a positive risk premium and returns (dividends) for each of the two years that will be evenly distributed. Therefore, the following statements are true about the first investment alternative compared to the second;
i) Its annualized standard deviation is lower, and
ii) It is relatively more attractive to investors who have lower degrees of risk aversion.
Answer:
The answer are:
- $62.50 per direct labor hour - for preparation department
- $33.33 per direct labor hour - for processing department
Explanation:
To calculate the departmental overhead cost per direct labor hour we must divide the total overhead cost over the total amount of direct labor hours.
Preparation department: $25,000 / 400 DLH = $62.50 per DLH
Processing department: $20,000 / 600 DLH = $33.33 per DLH