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3 years ago

The traditional view is that the optimum level of inspection is where the:

Business

1 answer:

Luden [163]3 years ago

7 0

Answer:

The answer is: D) total cost of inspection and defectives is minimum.

Explanation:

Inspections and quality controls are part of the Total Quality Management (TQM). TQM works to improve the products and services produced by a company thorough improving internal processes.

The company's outputs (either products or services) are subject to inspections and quality controls. TQM considers that the optimum level of inspection is achieved by reducing to a minimum level the inspection costs and the costs associated with defective units.

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The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A

Inessa [10]

The correct options are

A)$4,332B)$3,734C)$3,072D)$5,086

Answer:

$5086

Explanation:

Total cost is defined as the amount spent in a production process which involves variable cost such as labour and raw materials which change with volume of production.

In addition fixed cost that remain constant with volume of production are also considered as part of total cost.

In the give scenario

Direct materials is $3,044

Direct labour cost is $15 * 46 = $690

Machine use cost $13 * 104 = $1,352

Total cost = 3,044 + 690 + 1,352 = $5,086

3 0

3 years ago

"K has a $10,000 traditional whole life policy with a loan outstanding" of $1,000 and a 5% interest charge. At the end of the fi

lyudmila [28]

Answer:

The result of K's inaction causes an increase in the outstanding loan by $50

Explanation:

Step 1: Determine the interest amount

The interest amount can be determined as follows;

I=PRT

where;

I=interest amount

P=principal amount

R=annual interest rate

T=time

In our case;

I=unknown

P=$1,000

R=5%=5/100=0.05

T=1 year

replacing;

I=1,000×0.05×1=$50

Step 2: Determine the total loan amount

This can be expressed as;

A=P+I

where;

A=total loan amount

P=principal amount

I=interest amount

In our case;

A=unknown

P=$1,000

I=$50

replacing;

A=1,000+50=1,050

The loan amount due after a year=$1,050

The result of K's inaction causes an increase in the outstanding loan by $50

8 0

3 years ago

8. In the short run, there is a negative relationship between inflation and employment. A: True B. False

makvit [3.9K]

Answer: False

In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off. In the 1960's, economists believed that the short-run Phillips curve was stable.

Explanation:

https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/

6 0

3 years ago

BE18.8 (LO 2) Presented below are three revenue recognition situations. a. Groupo sells goods to MTN for $1,000,000, payment due

dem82 [27]

Answer:

a. Groupo sells goods to MTN for $1,000,000, payment due at delivery.

transaction price = $1,000,000
revenue recognized once the goods are delivered

No journal entry is required until goods are delivered and accepted.

b. Groupo sells goods on account to Grifols for $800,000, payment due in 30 days.

transaction price = $800,000
revenue recognized immediately since goods were already delivered

The journal entry:

Dr Accounts receivable 800,000

Cr Sales revenue 800,000

c. Groupo sells goods to Magnus for $500,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $464,000.

transaction price = $480,000
revenue recognized immediately since goods were already delivered

The journal entry:

Dr Notes receivable 500,000

Cr Sales revenue 480,000

Cr Discount on notes receivable 20,000

8 0

3 years ago

An all-equity firm is considering the following projects:

lakkis [162]

Answer:

A. Compared with the firm's 12 percent cost of capital, Project W has a_______expected return.

a. lower

1. Project X has a______expected return.

b. lower

2. Project Y has a_______expected return

b. higher

3. Project Z has a______expected return.

a. higher

B. Project W should be_______.

b. rejected

1. Project X should be______.

b. rejected

2. Project Y should be_______.

a. accepted

3. Project Z should be_______.

a. accepted

c. If the firm's overall cost of capital were used as a hurdle rate, Project W would be_______.

c. correctly rejected

1. Project X would be______.

c. correctly rejected

2. Project Y would be_______.

b. correctly accepted

3. Project Z would be________.

b. correctly rejected

Explanation:

Project Beta IRR expected return

W .62 9.2% = 5% + (0.62 x 7%) = 9.34%

X .77 10.3 % = 5% + (0.77 x 7%) = 10.39%

Y 1.27 14.1 % = 5% + (1.27 x 7%) = 13.89%

Z 1.42 17.0% = 5% + (1.42 x 7%) = 14.94%

8 0

3 years ago