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3 years ago

Statement

1 answer:

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<span>due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so. - PRICE CEILING ; BINDING

</span><span>the government has instituted a legal minimum price of $2.70 per gallon for gasoline. - PRICE FLOOR ; BINDING

</span><span>the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. - PRICE CEILING ; BINDING</span>

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High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead

ArbitrLikvidat [17]

Answer:

a. On average, the number of boards they have on order = 1,056 boards.

b. On average, the number of boards they have =560 boards.

c. Total holding cost per week = $140.

d. Holding cost incurred per board = $ 0.25.

Explanation:

In the question, the details given are:

Service level =96 %

Lead time =3 weeks

Weekly demand =150

Standard deviation=200

This is a case of variable demand and constant lead time

a. Reorder point =Demand during lead time +Safety stock

=Average weekly demand*lead time+z*sqrt(lead time)*standard deviation of weekly demand

=150*3+NORMSINV(0.99)*sqrt(3)*200

=450+1.7507*sqrt(3)*200

=450+606.46=1,056.46

=1,056 (nearest whole number).

On average, the number of boards they have on order = 1,056 boards.

b. For a normal distribution,

z=x-mean/std deviation

z-value for a 96% confidence level = 2.05

2.05=x-150/200

x = 150+2.05*200=560

On average, the number of boards they have =560 boards.

c.Total holding cost per week=Average inventory *holding cost per week=560/2 *0.5=280*0.5 =$140

d.Holding cost incurred per board =Total holding cost /Number of boards =140/560 = $ 0.25.

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3 years ago

Planners & Builders, Inc., enters into a contract with O’Reilly to refurbish a garage on his property as an auto repair shop

bazaltina [42]

Answer:

a. discharged.

Explanation:

Based on the scenario it can be said that after the court order, O’Reilly’s contract with Planners & Builders is officially discharged. In the context of the law, a discharged contract is a contract or agreement that has been terminated or made null. This can happen due to many reasons, such as fulfillment of a contract, inability to fulfill one parties duties, Bankruptcy, etc. In this case it was due to a court order.

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3 years ago

Open this link to read more about how credit card interest works. Use this information to calculate the cost of your computer wh

Luda [366]

The amount incurred by a business for borrowed cash is known as interest expenditure. On the income statement, interest expenditure is a non-operating item.

The cost of your computer when paying only the minimum payment is $774

<h3 /><h3>Difference between interest expense and interest paid?</h3>

First, interest cost is an expense item that appears on the income statement, whereas interest payable appears on the balance sheet as a liability account.

Second, interest expense is recorded as a negative, whereas interest payable is recorded as a credit in the accounting records.

interest works.

Use this information to figure out how much your computer will cost if you only make the minimum payment.

If you only pay the absolute necessities each month,

The computer's final cost be

$600

Cost of computer (balance): $600

Annual percentage rate (APR): 12.9%

Minimum Payments: 10

$774

simple interest formula:

A = (P)

For more detail about Interest Payable reference link;

brainly.com/question/9256832

#SPJ1

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2 years ago

2019: Ending inventory was overstated by $30,000 while depreciation expense was overstated by $24,000. 2020: Ending inventory wa

KIM [24]

Answer:

$25,000

Explanation:

The computation of the adjusted balance of retained earning is shown below:

Since the depreciation expense is overstated on 2019 which decreased the earnings so it would be added

Since the depreciation expense is understated on 2020 which increased the earnings so it would be deducted

And, the ending inventory for 2020 is understated which decreased the earning so it would be added

Therefore, the adjusted balance is

= $24,000 - $4,000 + $5,000

= $25,000

3 0

3 years ago

he _____ rate is the percentage of a company's customers (within a given span of time) who by the end of that time span have

Sauron [17]

Answer:

B) churn

Explanation:

The churn rate refers to the percentage of customers lost by a company (usually during a 1 year span) either because they stopped a subscription or stopped purchasing its products.

The churn rate can also refer to the percentage of employees leaving or quitting a company during one year.

7 0

3 years ago