I would just say that I have no current questions, and thank the interviewer and express that you are excited to do what ever your are interviewing for.
Answer:
$10,458.30
Explanation:
For computing the cost of new piece first we have to find out the capacity of 1,000 units which is shown below:
Cost of equipment having capacity of 1000 units
= (New equipment capacity ÷ original capacity equipment)^power-sizing exponent for this type of equipment × past purchase
= (1000 ÷ 2000)^0.28 × $10,000
= $8,235.91
Now
Cost of new equipment today is
= Cost of new equipment × (Current cost index ÷ Old cost index)
= $8,235 × (160 ÷ 126)
= $10,458.30
Answer:
$5500.
Explanation:
The computation of the cost of goods sold is shown below:
Let us assume beginning WIP be $2000
So,
ending WIP is
= ($2000 - $1000)
= $1000
And,
Let us assume the beginning finished goods be $1000
So, the ending finished goods is
= ($1000 + $500)
= $1500
Now as we know that
Cost of goods manufactured = Total manufacturing cost + Beginning WIP - Ending WIP
= $5000 + $2000 - $1000
= $6000
Now
cost of goods sold=Cost of goods manufactured+Beginning finished goods-Ending finished goods
= $6000 + $1000 - $1500
=$5500.
Answer:
they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Explanation:
The business judgment rule provides corporate officers and directors protection when they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Generally, the business judgment rule is a legal principle that primarily protect the board of directors from breach of fiduciary duty liability, in as much as the directors acted in good faith of the shareholders and ensuring a logical and well informed decision-making process.
The fiduciary duty liability of the corporate officers and directors of an organization to its shareholders are duty of loyalty, care, prudence, which implies, they'll always make the interest of the corporation and its shareholders a high level priority.
Hence, the business judgment rule is aimed at protecting and mitigating the risks faced by corporate officers and directors in the event of litigations because it is assumed that they're acting in the interest or favor of the corporation and its shareholders.
