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4 years ago

46) According to the capitalistic view, the primary goal of an organization is to ?

Business

1 answer:

bixtya [17]4 years ago

4 0

Answer:

maximize shareholder wealth

Explanation:

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Lamp Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following co

Liono4ka [1.6K]

Answer:

See the journal entry be;ow.

Explanation:

Given:

Cutting Assembly Finishing

Direct materials $7,000 $10,000 $3,000

Direct labor 3,000 14,000 2,000

Applied overhead 4,000 5,000 6,000

Therefore, the journal entry to assign costs incurred in the assembly process would be as follows:

Details Debit ($) Credit ($)

Work in process 10,000

Direct material 10,000

(To record cost of direct material.)

Work in process 14,000

Wages payable 14,000

(To record direct labor cost.)

Work in process 5,000

Manufacturing overhead 5,000

(To record manufacturing overhead.)

3 0

3 years ago

Bannister Co. is thinking about having one of its products manufactured by a subcontractor. Currently, the cost of manufacturing

ratelena [41]

Answer:

Production total cost= $104,400

It is more profitable to buy the product.

Explanation:

Giving the following information:

Production costs (1,000 units):

Direct material $ 45,000

Direct labor $30,000

Factory overhead (30% is variable) 98,000

Buy:

1,000 units from an outside supplier for $100,000.

I will assume that the fixed overhead is not avoidable, therefore it should not be taken into account for the decision making.

Production total cost= 45,000 + 30,000 + (98,000*0.3)

Production total cost= $104,400

It is more profitable to buy the product.

5 0

3 years ago

A trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 400 options. Th

malfutka [58]

Answer:

$400

Explanation:

From the question, there is a butterfly spread when a trader buys 100 options with strike prices $60 and $70 and sells 200 options with strike price $65.

The maximum gain is the point where both the stock price and the middle strike price are equal, i.e. equal to $65. At that point, the options payoffs are respectively $500, 0, and 0. By implication, the total payoff is $500.

The set up cost of the butterfly spread can be calculated as follows:

Setup cost = ($11×100) + ($18×100) – ($14×200)

= 1,100 + 1,800 – 2,800

Setup cost = $100

Net gain = Options payoffs – Setup cost = $500 - $100 = $400

Therefore, the maximum net gain (after the cost of the options is taken into account) is $400.

3 0

4 years ago

People who invest in a corporation by purchasing stock are known as ______________.

Vilka [71]

Answer:

they are known as shareholders

7 0

3 years ago

What are some of the macroeconomic measures used to evaluate Venezuela's economic health?

omeli [17]

Macroeconomic factors include inflation, unemployment, and GDP among others. These can be used to evaluate Venezuela or any economy!

7 0

3 years ago