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Arlecino [84]
3 years ago
5

Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it

is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $112 for the skirt: Store Travel Time Each Way Price of a Skirt (Minutes) (Dollars per skirt) Local Department Store 15 112 Across Town 30 89 Neighboring City 60 70 Juanita makes $26 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $26 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
Business
1 answer:
shutvik [7]3 years ago
6 0

Answer:

It will puchase the skirt across town as it has the less economic cost.

Explanation:

We are going to add up the opportunity cost (lost wages) to the cost of the skirt:

                 travel-time* Price   **Opp. Cost    Economic Cost

local department    30     $ 112.00   $ 13.00           $ 125.00

across town          60     $ 89.00   $ 26.00   $ 115.00

neighboring city 120     $ 70.00   $ 52.00   $ 122.00

*travel-time we multiple the time it took each eway by 2

**Opp. Cost  = wages per hour x travel time / 60

Then, the economic cost is the sum of the value of the skirt and the lost wages.

We pick the lowest economic cost.

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Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camer
timurjin [86]

Answer:

the picture attached is the main question while the solution is given in the explanation box below

Explanation:

a)

2017 = Loss = 25000 * 8 * [0.42-0.50] = 16000

2018 = Gain = 25000 * 8 * [0.50-0.43] = 14000

b)

2017 = gain = 25000 * 8 * [0.48-0.42] = 12000

c)

2017 = Loss = 25000 * 8 * [0.48 - 0.50] = 4000

2018 = Gain = 25000 * 8 * [0.50-0.43] = 14000

4 0
3 years ago
President's salaries, depreciation of office furniture, and office supplies are
blagie [28]
<span>These are administrative expenses. These expenses are not directly tied to sales or production, but they are still cash outlays nonetheless and need to be accounted for. They are related to the entire company, in comparison to expenses that can be pinned to specific parts of the business.</span>
6 0
3 years ago
The Boot Department at the Omaha Department Store is being considered for closure. The following information relates to boot act
kykrilka [37]

Answer:

Yes, Omaha department store would be better off by $23000.

Explanation:

Given: Sales revenue= $350000.

           Cost of goods sold= $280000.

           Sales commission= $30000.

           Fixed operating cost= $90000.

Now, computing net profit or (loss)

Net profit/loss= \textrm{sales revenue - cost of goods sold- sales\ commission - Avoidable fixed\ operating\ costs}

∴ Net profit/loss= 350000-280000-30000-(90000\times 70\%)

⇒ Net profit/loss= 40000-(63000)= (\$ 23000)

∴ Net loss= \$ 23000

∴ Yes boot department should be closed, as Omaha department store is better off by $23000.

7 0
3 years ago
stock co uses a job costing system the following debts appeared in stock work in process account for the month of april balance
Anni [7]

Answer:

See below

Explanation:

The above information is incomplete. Concluding part from similar question is seen below.

Direct labor $16,000

Factory overhead $12,800

To finished goods ($48,000)

Therefore, the amount of direct materials charged to job is computed as;

= Balance + Direct materials + Direct labor + Factory overhead - Finished goods

= $4,300 + $26,400 + $16,000 + $12,800 - $48,000

= $11,500

The next step is to deduct the job Still in work in process charged with direct labor.

= $11,500 - $2,300

= $9,200

Hence, the amount of direct materials charged to job no 5 is $9,200

7 0
3 years ago
Discuss the implications of organizational structure and culture
kicyunya [14]

Answer:

The term "organizational culture" refers to the value and the environment, the norm within an organization. It is also what forms the organizational structure - which refers mainly to the management style and hierarchy in the organization. So that it has a decisive role in an organization. In addition, about its implication, it can be seen most in the activities of: management style (most appropriate style to manage the labor force to work most effectively); planning and design (the better culture implies the overall hierarchy and position in the organization, facilitate developing the fixed procedure to work on the project better); reaching compromises (the organizational culture determines the way the organization makes decision (encourage individual decision making or leave to high position only) , influencing the final decision).

3 0
3 years ago
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