Answer:
The number of Gallon materials Howell company should buy is 166000 Gallons
Explanation:
Finished goods
opening inventory 11000
produced
closing inventory 13000
finished goods sold 42000
using the bottom up approach to get goods produced
sold goods + closing goods - opening goods = produced =44000 goods
Direct material ( Gallons)
opening materials 66000
purchased 166000
available for use 232000
used in production 176000
closing gallons 56000
We use the bottom up approach to get the materials to be purchased
closing stock plus used in production to get available for use then subtract opening material to get purchased = 166000
d. A randomized block design use packaging as a block. Randomly assign the nine combinations of three price levels and three packaging types, using combination
By utilising a randomised block design, market research can improve the accuracy of the study's findings. RBD The market research firm should conduct the study using the following design:
In a randomised block design, or RBD, experimental units are divided into equal-sized groups or blocks, and each group is then assigned a treatment at random. The information is shielded from outside influences in this way.
In essence, an RBD is a method for organising every possible combination of variables in order to minimise outside errors. Think of the RBD as a building with floors and apartments, with each combination of elements representing a floor.
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Answer:
Option B Change in accounting principle; retrospectively; required.
Explanation:
The reason is that the change is policies are considered in the international accounting standard IAS-8 Accounting policies, estimates and correction of errors. The standard says that the change in depreciation method is considered as a change in accounting policy which must be treated as retrospectively which means that the adjustments must be made to all the previous years using the same depreciation and must reflect the change in Changes in Wquity statement. This change in accounting policy as per the requirement s of the standard, must be disclosed in the notes to financial statements. Furthermore the changes in equity must only be opted if it increases the truth and fairness of the financial statement.
The following are the analysis of a Production Possibility Curve. It is to be noted that As education quality improves, the production potential curve will shift outward, improving job skills and productivity. PPC will migrate abroad as human capital boosts the country's resources.
<h3>What happens when the number of unemployed increases?</h3>
It will not affect PPC's position, or it will remain the same, because the number of jobless employees will not change the overall labor force.
<h3>What happens when a new technique improves the efficiency of extracting copper from ore?</h3>
Increased efficiency as a result of technological advancement will move PPC outward as it boosts productivity and allows for greater output with existing resources.
<h3>What will happen when a devastating earthquake destroys numerous production facilities?</h3>
The severe earthquake destroys available resources and capital stock, decreases productivity, and shifts PPC inward.
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Beak-even point (BEP) in business is the point at which total cost and total revenue are equal. There is no net gain or loss, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
The formula for break-even is given by:
BEP=(Fixed Costs)/(Sales Price per Unit-Variable Cost per Unit)
From the above formula we can conclude that:
When Fixed costs reduces, the BEP decreases. Therefore the answer is [a]
