Answer:
$101,000
Provided
Opening Material = $55,000
Add: Raw Material Purchases = $93,000
Less: Closing Material = ($47,000)
Net Direct Material Cost = $101,000
Note: This further cost provided of Manufacturing overheads is not to be considered as this is not material cost, and cost of overheads.
Answer:
Chen should buy the machine
Explanation:
Buying of the new milling machine would make a business sense if the net present value of the new machine is positive.
By net present value I mean if the today's worth of the asset considering its initial cash outflow and subsequent cash inflows bring about a positive worth today.
Net present value=initial cost-cash inflows(discounted to today's terms)
Net present value=-$40,000+($8000*6.4177)
=-$40,000+51341.6
=$11,341.60
The 6.4177 is the annuity factor for 9% cost of capital for 10 years.
Since the project has a positive net present value,Chen should buy the machine
The correct answer would be revenue budget approach. In this approach, a manager is asked to maximize the profit they get from the services and goods that are produced. Revenue budget is a forecast of the sales of a company. Managers would use certain model to maximize the amount of such.
A national health<span> insurance </span>system<span>, or single-payer </span>system<span>, in which a single government entity acts as the administrator to collect all </span>health care<span> fees, and pay out all </span>health care<span> costs. Medical services are publicly financed but not publicly provided. Canada, Denmark, Taiwan, and Sweden </span>have<span> single-payer </span>systems<span>.</span>
