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kramer
3 years ago
5

Even though it is not actively involved in global marketing, Hennessey Enterprises, a U.S.-based business, agreed to sell two th

ousand of its stress-reducing balls to a distribution company in Norway. This would be an example of contract manufacturing. True or false?
Business
1 answer:
Harlamova29_29 [7]3 years ago
6 0

Answer:

This would be an example of contract manufacturing.

True

Explanation:

Contract manufacturing can be defined as an international agreement between two companies in different countries to manufacture a product for the other company. It involves the arrangement by one company to receive manufactured products from another company. Contract manufacturing can also be known as international outsourcing or international subcontracting. In the contract, the company that needs the products usually stipulates the specifications of the product. In some cases, depending on the contract requirements, the company can provide the raw materials to be utilized in manufacturing.

This type of contract also specifies the expected quality of the products, quantity of products and the date of delivery of the products. The contract also provides for the testing of the products to ascertain that the quality meets the standards of the contract. Furthermore, the contract also provides for compensation in case of breach of contract.

Contract manufacturing is usually considered when the cost of production in a foreign country is much lower than in the country that is outsourcing the production.

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Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 5.2 percent paid semiannually and 25 years to maturi
Talja [164]

Answer:

$3,173.63

Explanation:

For computing the price of the bond we need to apply the present value i.e to be shown in the attachment

Given that,  

Future value = $3,000

Rate of interest = 4.8% ÷ 2 = 2.4%

NPER = 25 years × 2 = 50 years

PMT = $3,000 × 5.2% ÷ 2  = $78

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the price of the bond is $3,713.63

4 0
3 years ago
Which example BEST illustrates that GDP (gross domestic product) is not always a good indicator of economic health?
Vaselesa [24]
<span>
 Which example BEST illustrates that GDP (gross domestic product) is not always a good indicator of economic health? </span><span><span>A)<span>The GDP falls when consumer spending declines.
</span></span><span>B)<span>Money spent repairing hurricane damage helps raise the GDP. 
</span></span><span>C)<span>Goods produced for infrastructure projects help raise the GDP. 
</span></span><span>D)<span>The GDP falls because scarcity of materials slows the rate of production.</span></span></span>
6 0
3 years ago
Read 2 more answers
The directors of​ x-lam inc., a manufacturer of electric water​ heaters, meet to discuss ways to increase their net profit. they
Greeley [361]
This investment is an example of​ a managerial decision. This process is done to aid the executives to be able to make the best possible decision that is needed by the business at that certain point of time. There are five steps that is involved in a managerial decision making. First would be establishing what is the main objective of the business. Then, like any other decision process, defining the problem and its the nature at that certain time is next. The third step would be listing all possible solutions present. Then, evaluating each possible solution listed. Listing all pros and cons would be recommended. In this step, we look at which would be the most favorable solution. The last step would be the implementation of the solution chosen. 
5 0
3 years ago
Laverne purchased a new piece of equipment to be used in its new facility. The $355,000 piece of equipment was purchased with a
Radda [10]

Answer:

Yr. amount Interest payment balance

1. 319,500 22365. (77923). 263,942

2. 263,942.18,476. (77,923). 204,495

3. 204,495 14315. (77923). 140,887

4. 140,887. 9862 (77923). 72,826

5. 72826. 5098. (77,923). 1

Explanation:

The interest charge is on the total amount due at the end of the year which is assumed to have been made available to the debtor, the annual payment is deducted from the addition of interest and principal due and the balance due is brought forward to be defray in subsequent years. The balance is expected to show zero but the balance of one shown is a roundup error.

8 0
3 years ago
Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.
Alex Ar [27]

Answer:The minimum amount is the price that will give a profit of $3700

Explanation:

The minimum amount the company should accept for product X if it's to be sold at the split off point it's maximum amount they will earn as profit if they sales after further procession.

The total cost the company will incur if they process further it's the cost they incurred at the split off point and at further procession which equals ($16,800+$15,000) =$31,800

On sales after procession they will earn a price of $35500 which means a profit of $3700 this means the firm should sale product X at spilt off point for a price that will bring a minimum profit of $3700.

6 0
3 years ago
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