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natita [175]
3 years ago
10

Mallory Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 1

00 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. If the Mallory Furniture company decides to purchase 150 big shelves and no medium shelves, which of the two resources will be left over?
Business
1 answer:
Afina-wow [57]3 years ago
8 0

Answer:

3,000 cubic feet left of storage.

Explanation:

Giving the following information:

Big shelves (B):

Each big shelf costs $500.

It requires 100 cubic feet of storage space.

Medium shelves (M):

Each medium shelf costs $300

It requires 90 cubic feet of storage space.

The company has $75,000 to invest in shelves.

The warehouse has 18,000 cubic feet available for storage.

Mallory purchase 150 big shelves.

Amount of money= 150* 500= $75,000 (no money left).

Cubic feet= 150* 100= 15,000 cubic feets

3,000 cubic feet left of storage.

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Answer:

Expected rate of return on stock is 14.86%

Explanation:

The expected rate of return of a stock is the mean return that is expected to be earned by the stock considering the different scenarios that can occur, the return in these scenarios and the probability of the occurrence of these scenarios. The formula for expected rate of return of stock is,

rE = pA * rA  +  pB * rB  +  ...  + pN * rN

Where,

  • pA, pB, ... represents the probability that scenario A, B and so on will occur or the probability of each scenario
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rE = 0.21 * 0.2  +  0.72 * 0.15  +  0.07 * -0.02

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8 0
3 years ago
Per Chevron’s 3Q 2013 filing, what was the percentage change in the cost of purchased oil products when comparing nine months en
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Answer:

Per Chevron 3Q 2013 Filling:

The percentage change in the cost of purchased oil products nine months to September 30, 2013 when compared to nine months in 2012 was:

2.47%

Explanation:

a) Data and Calculations:

Cost of purchased oil products:

2013       $34,822,000,000

2012       $33,982,000,000

Change $840,000,000

Percentage Change = $840/$33,982 x 100

= 2.47%

b) The implication is that Chevron's cost of purchased oil products in third quarter of 2013 increased by 2.47% when compared with the same period in 2012.  This percentage change is calculated by subtracting the Q3 2012 cost of purchased oil products from the Q3 2013 cost of purchased oil products and then dividing the difference by the Q3 2012, and multiplying by 100.  The change could be caused by increases in the price of oil products or other variables.

5 0
3 years ago
Justin, a human resources manager for xyz company, commits 20% of this year's budget to develop a new program for valuing divers
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Human Resource Manager
4 0
3 years ago
For each of the below, indicate where each item should be presented in the statement of cash flows (using the indirect method) u
Nataly_w [17]

Answer:

                                                                                       <u> Blank 1 </u>    <u>  Blank 2</u>

i. Depreciation expense                                                       A               I

ii. Purchase of office equipment                                          B               D

iii. Decrease in accounts receivable                                    A                I

iv. Payment of cash dividends                                              C               D

v. Conversion of bonds into common stock                        D               N

vi. Sold land and warehouse used in the corp.                    B                I

vii. Gain on sale of land and warehouse in part vi.              A               D

viii. Issued common stock for cash                                       C               I

ix. Decrease in accounts payable                                         A               D

x. Increase in inventory                                                          A               D

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf for the complete question.

How each of the item will appear in the  the statement of cash flows (using the indirect method) is also provided below:

XYZ Company

Statement of Cash Flows (Indirect Method Format)

For the year...

<u>Details                                                                                   $                 $   </u>

Operating activities:

Net profit                                                                             xxx

Adjustment to reconcile net income:

i. Depreciation expense                                                     xx

iii. Decrease in accounts receivable                                  xx

vii. Gain on sale of land and warehouse in part vi.          (xx)

ix. Decrease in accounts payable                                      (xx)

x. Increase in inventory                                                   <u>    (xx)     </u>

Net cash flows from operating activities                                             xxx

<u>Investing activities:</u>

ii. Purchase of office equipment                                          (xx)

vi. Sold land and warehouse used in the corporation       <u>  xx   </u>

Net cash flows from investing activities                                               xxx

<u>Financing activities:</u>

iv. Payment of cash dividends                                              (xx)

viii. Issued common stock for cash                                     <u>   xx   </u>

Net cash flows from investing activities                                              <u>   xxx  </u>

Net cash flow for the year                                                                       xxx

Beginning cash balance                                                                         <u>  xxx  </u>

Ending cash balance                                                                              <u>  xxx  </u>

Note: The does not affect the cash flows statement:

v. Conversion of bonds into common stock

Download pdf
8 0
3 years ago
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Explanation:

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The queuing theory refers to the various component like the arrival process,the service process,number of computerized system, number of servers used and the number of people  in queue (i.e customers)

The various  applications of the queuing theory include -traffic management,(vehicles management, two or four wheeler), scheduling patients in government hospitals, jobs that are done on machines, computer programs), and facility designs of  supermarkets.

Thus,In a hospital settings the layout issues can be dealt by understanding the queuing theory.

3 0
3 years ago
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