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4 years ago

In a lean system, the work in process and raw materials inventory accounts are combined.

Business

1 answer:

7nadin3 [17]4 years ago

3 0

Answer: True

Explanation:

Lean is simply defined as management practices that are used by companies or organizations in order to improve the effectiveness and the efficiency during production by eliminating waste.

It should be noted that in a lean system, the work in process and raw materials inventory accounts are combined.

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Along a given downward-sloping demand curve, an increase in the price of a good will: have no effect on consumer surplus. increa

tensa zangetsu [6.8K]

The answer to this question is the last item in the choices which is "decrease consumer surplus". Thus, we have it like along a given downward-sloping demand curve, an increase in the price of a good will also result to decrease consumer surplus. Also, when decrease consumer surplus is happening it will effect also to increase producer surplus.

8 0

3 years ago

If Cassandra bought 12 blouses last year when her income was $46,000 and she buys 14 blouses this year when her income is $52,00

r-ruslan [8.4K]

Answer:

b. +1.26

Explanation:

The computation of the income elasticity of demand is shown below:

= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)

= (change in quantity demanded ÷ average of quantity demanded) ÷ (change in income ÷ average of income)

where,

Change in quantity demanded would be

= Q2 - Q1

= 14 blouses - 12 blouses

= 2 blouses

And, average of quantity demanded would be

= (12 + 14) ÷ 2

= 13

Change in income would be

= $52,000 - $46,000

= $6,000

And, average of income would be

= ($52,000 + $46,000) ÷ 2

= 49,000

So, after solving this, the income elasticity of demand is +1.26

8 0

3 years ago

Your parents will retire in 19 years. They currently have $300,000, and they think they will need $1 million at retirement. What

Svetlanka [38]

Answer:

rate = 6.54%

Explanation:

we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.

So we build the following equation:

$300,000 (1+r)^{19} =1,000,000$

$(1+r)^{19} =1,000,000 \div 300,000$

$r=\sqrt[19]{1,000,000 \div 300,000}-1$

rate = 0.065417765 = 6.54% after rounding

This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.

3 0

3 years ago

Brendon wants to sue Fitness Ace, a leading provider of fitness equipments, for negligence. He approaches Arthur Bailey Group, a

Marianna [84]

Answer: The following would be true if the attorney charges Brendon using a retainer: the attorney would charge separately for consultation and paperwork.

The attorney from the firm will look into the case and thereby charge separately for consultation and paperwork.

Therefore the correct option in this case is (b)

8 0

3 years ago

Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45

irakobra [83]

Total cost of 10000 snowboards

Per unit Total

Direct material 100 1000000

Direct Labor 30 300000

Variable overhead 45 450000

Fixed overhead 635000

Fixed selling and administrative costs 115000

Total cost of 10000 snowboards 2500000

Cost of one snowboard = Total cost of 10000 snowboards / Total number of snowboards

Cost of 1 snowboard $ 250

Thus, the cost of 1 snowboard = $ 250

Now, the selling price is set as = Total costs + 15 % on total costs

Selling price = $ 250 + (15 % × $ 250)

Selling price = $ 250 + $ 37.50

Selling price = $ 287.50 per snowboard

8 0

4 years ago