Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:
Current Assets:
Cash 6,000
Inventories
Raw materials inventory 21,000
Work in progress inventory 40,000
Finished goods inventory 25,000
Merchandise inventory 48,000
Total inventory 1,34,000
Other assets
Accounts receivable 41,000
Prepaid expenses 1,000
Current assets 2,22,000
A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.
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Answer:
A. 15 units
B. $130
Explanation:
In order to solve this, we need to use the profit maximization condition for monopoly.
MR = MC will give us the optimal quantity and price for the monopolist.
The consumer's demand for the product is:
Qd = 80 - 0.5P
Therefore, we have:
P = (80 / 0.5) - (Qd / 0.5)
P = 160 - 2Qd
Recall that, Total Revenue:
TR = P * Q
So, in this case TR = 160Q - 2Q^2
MR = d(TR) / dQ = 160 - 4Q
Now, MR = MC
160 - 4Q = 100
4Q = 160 - 100
4Q = 60
Q = 60 / 4
Q = 15 units.
Now, P =160 - 2Q
P = 160 - 2(15)
P = 160 - 30 = 130
The optimal number of units to be placed in a package will therefore be 15 units while the firm should charge $130 for this package.
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Tt’s $25.23 because if you compare the price to money in USA, it will come up to that amount.
<h3>What is money?</h3>
Money is a good that is frequently used as a medium of economic exchange. It acts as the primary determinant of wealth and the means of expressing prices and values. By anonymously traveling from one person to another and from one nation to another, it allows trade as a kind of exchange.
Money is something that is frequently utilized in a specific nation or socioeconomic setting to buy goods and services and pay off debts. As a unit of account, a medium of exchange, and periodically as a baseline for postponed payments, money serves four main purposes.
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Answer:
= 0.008
Explanation:
Base on the scenario been described in the question , to develop a p-chart, first calculate as shown below:
P bar= total number of defective units from all samples /(number of samples ×sample size)
= 100/(12×1000)
= 100/12000
= 0.008
Thus, the p bar is 0.008
