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Ghella [55]
4 years ago
7

Job shops tend to be __________ while continuous processes tend to be __________. Small-scale and flexible; Large-scale and infl

exible Standardized; Customized In services; In manufacturing Low cost-per-unit; High cost-per unit Short-term and capital intensive; long-term and labor intensive
Business
1 answer:
Blizzard [7]4 years ago
7 0

Answer:

Small-scale and flexible; Large-scale and inflexible.

Explanation:

Job shops tend to be <u>small scale and flexible</u> while continuous processes tend to be <u>large scale and inflexible</u>.

Job Shop: It is defined as small manufacturing units that produce a specific and customized product in small batches. Most of the products produced in this process have a unique set up. The estimation of costs is generally most difficult when the Job shop process has been chosen.

Continous processes: It is a streamlined process that has a production flow of products from one step to another without any interruption. A larger quantity is produced at one time, not in batches. It requires sophisticated control system.

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Prepare the journal entries for the following transactions for Morgan Co.
SOVA2 [1]

Answer:

(a)

Dr Investment in Gordon Corp.               230,400

Cr Cash                                                     230,400

( to record investment in Gordon Corp.; calculated as 10 x 23,000 + 400)

(b)

Dr Investment in Gordon Corp.                18,400

Cr Share of Gordon Corp earning           18,400

( to record share of profit in Gordon Corp, calculated as % of Gordon Corp share owned x Gordon Corp's earnings = 23,000/100,000 x 80,000)

(c)

Dr Cash                                              45,000

Cr Investment in Gordon Corp.       45,000

( Record dividend receipt from Gordon Corp)

Explanation:

Further explanation, as Morgan Co. acquires 23% of Gordon Corp. ( 23,000/100,000); equity method should be applied.

8 0
3 years ago
AIE Industries plans to purchase a new delivery truck for $250,000. The company has been quoted an annual rate of 6.5 percent wi
Svetllana [295]

Answer:

a. AIE will have to borrow $25,5102.04  

b. The Effective Rate on this Loan is 6.63%

c. If AIE can convince the bank to remove the compensating balance requirement the  effective rate is 6.50%

Explanation:

In order to calculate how much will AIE have to borrow we would have to use the following formula:

Amount to be borrowed = Cost of Truck / (1 - Compensating balance)

Amount to be borrowed = $250000 / (1 - 0.02)

a. Amount to be borrowed = $25,5102.04

In order to calculate the effective rate on this loan we calculate the following:

Effective Rate on this Loan = Interest / Amount received

Effective Rate on this Loan = 16581.63 / 250000

b.  Effective Rate on this Loan = 6.63%

c. If AIE can convince the bank to remove the compensating balance requirement the Effective rate = annual rate, hence the effective rate is 6.50%

5 0
3 years ago
Dennis, a new york city investment broker, quit his job in a fit of rage after being accused of embezzling thousands of dollars
emmasim [6.3K]
Dennis could be suffering from a dissociative fugue. It is one of the many kinds of amnesia wherein an individual would not have the ability to recall someone's past and suddenly forming another identity from the mind. This happened to Dennis when he told the policemen that his name was Michael Hart.
6 0
3 years ago
Read 2 more answers
Which is the opportunity cost for attending college?
finlep [7]
A or C i think :) tel me if im wrong
8 0
3 years ago
Imagine that a local water company issued $10,000 ten-year bond at an interest rate of 6%. You are thinking about buying this bo
mylen [45]

Answer:

Explanation:

The $10,000 is the face value of the bond. Using a financial calculator, input the following to calculate the price at a year before maturity; i.e. at year 9;

Time to maturity; N = 10 - 9 = 1

Annual interest rate; I/Y = 9%

Annual coupon payment; PMT = 0

Face value of the bond; FV = 10,000

then compute present value ; CPT PV = $9,174.31

Therefore, you will pay less than $10,000 for the bond and the price would be  as above $9,174.31

6 0
3 years ago
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