The most the firm should be willing to pay for installing the system is $444,000.
<h3>What is just-in-time inventory management?</h3>
just-in-time inventory management is an inventory management system and can be defined as the process in which companies have inventory at hand so as to have inventory to fall back to in case the company want to urgently make use of inventory.
Hence, the most the firm should be willing to pay for installing the system is $444,000 since the company want to reduce the level of inventories permanently by $444,000.
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Answer: a) $0
b) $21,150
c)$52,100
Explanation:
a) Karen would recognize no gain or losses in this scenario.
b) Karen would carryover the basis on the land which is $21,150
c) To calculate her remaining basis, we subtract the cash payment as well as the basis for the land she was distributed.
Calculating would be,
= 80,825 - 7,575 - 21,150
= $52,100
$52,100 is Karen's remaining basis in her partnership interest.
Credit card commercials do not show <u>2. People making </u><u>payments</u> for months or years on those credit card purchases.
<h3>What are credit card commercials?</h3>
Credit card commercials are the adverts placed on various media by credit card companies to entice individuals to sign on a credit card.
The commercials will show the great life of getting a credit card and making purchases convenient, including other enticements.
Thus, credit card commercials do not show <u>Option 2.</u>
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Explanation:
It is an simplified version which makes us to understand and observe the "economic behavior"
It purely uses mathematical concepts and simplify the information and show only important or highlighting information.
You can alternatively use "economic theory" instead of "economic model"
A good economic model, will make the user to understand the complex information with the help of key pointers.
There are 2 broad classification of Economic model:
1. Theoretical
2. Empirical.
The commonly used economic model is the classic model, which constitutes of "The law of demand and the law of supply"
Answer:
Results are below.
Explanation:
Giving the following information:
Last year, the Corporation worked 19,400 actual direct labor-hours.
The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour.
<u>To allocate overhead, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 9*19,400
Allocated MOH= $174,600
<u>Now, we can determine the over/under allocation:</u>
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 156,400 - 174,600
Under/over applied overhead= $18,200 overallocated