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SOVA2 [1]
3 years ago
5

The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow

ing May to December, inclusive, it sold x/2 brooms. At the beginning of production on January 1st, the ACME company had no brooms in its inventory. If storage costs were $1 per month per broom, approximately how much, in terms of x, did the ACME company pay for storage from May 2nd to December 31st, inclusive?
Business
1 answer:
Papessa [141]3 years ago
4 0

Solution:

Pick some smart number for x,

let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).

From January to April, inclusive 4x=8 brooms were produced and

in May the company paid for storage of 8-1 =7 brooms,

in next month for storage of 6 and so on.

So the total storage cost would be:

= 1 ∗ (7+6+5+4+3+2+1+0)

= 28

--> as x=2 , then 28 = 14x

So the answer is 14x

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Compare these costs.<br> 48 paper plates for $2.99<br> 75 paper plates for $3.99
harina [27]

Answer:

the $3.99 one cost less per unit

Explanation:

the $2.99 = $0.06 per unit

the $3.99 = $0.05 per unit

8 0
3 years ago
Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufact
adoni [48]

Answer:

a. $29.23

b. $146,150

Explanation:

a. The computation of overhead application rate is shown below:-

Overhead application rate = Total standard overhead ÷ Total standard hours

= $163,710 ÷ (1,120 × 5)

= $163,710 ÷ 5,600

= $29.23

So, for determining the overhead application rate we simply divide the total standard overhead by total standard hours.

b. The computation of overhead was applied to production is shown below:-

Applied overhead = Standard hours for actual production × Overhead application rate

= 5,000 × $29.23

= $146,150

So, for determining the applied overhead we simply divide the standard hours for actual production by overhead application rate

8 0
3 years ago
Situation 22-4 Joe is the owner-operator of Joe's Haircuts Unlimited. Last year he earned $200,000 in total revenues and paid $1
prisoha [69]

Answer:

Economic profit= $25,000

Explanation:

Giving the following information:

Last year he earned $200,000 in total revenues and paid $125,000 to his employees and suppliers.

Job offer= $50,000 per year

The economic profit takes into account the opportunity cost of other options.

Economic profit= 200,000 - 125,000 - 50,000

Economic profit= $25,000

4 0
3 years ago
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating act
kondor19780726 [428]

Answer:

Indicate how each item should be classified in the statement of cash flows using these four major classifications

Explanation:

Cash flows from operating activities

Profit before taxation

Adjustments for:

Depreciation

Investment income

Interest expense

Profit / (Loss) on the sale of property, plant & equipment

Working capital changes:

(Increase) / Decrease in trade and other receivables

(Increase) / (Decrease) in inventories

Increase / (Decrease) in trade payables

Cash generated from operations

Interest paid

Income taxes paid

Dividends paid

Net cash from operating activities

Cash flows from investing activities

Business acquisitions, net of cash acquired

Purchase of property, plant and equipment

Proceeds from sale of equipment

Acquisition of portfolio investments

Investment income

Net cash used in investing activities

Cash flows from financing activities

Proceeds from issue of share capital

Proceeds from long-term borrowings

Payment of long-term borrowings

Net cash used in financing activities

4 0
3 years ago
Scott is a manager at a large electronics company. His primary role within the organization is to plan for the "people needs" of
Alla [95]

Answer: Human resource

Explanation:

Human resources management consist of the employees that are responsible for the recruitment, screening, conducting interviews and placing workers in an organization.

Human resources also handle employee relations, benefits, payroll, and training. It is the role of the human resources department to plan, coordinate and direct the administrative functions of a company. With the example mentioned in the question, Scott is involved in human resource management.

7 0
3 years ago
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