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MariettaO [177]
3 years ago
7

A ___________ is established when an individual confers legal title to property to another person or institution to manage the p

roperty for one or more beneficiaries.
Business
1 answer:
swat323 years ago
3 0

Answer:

personal trust

Explanation:

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Knox Company has a new product with a projected selling price of $6.00 each. It estimates that it could sell 100,000 units annua
Pachacha [2.7K]

Answer:

350,000

And if done per unit, $3.50

Explanation:

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

The target cost of the product is the difference between the selling price and the anticipated profit.

Target cost per unit

= $6.00 - $2.50

= $3.50

Total Target cost = $3.50 * 100,000

= $350,000

6 0
3 years ago
McKendrick Shoe Store has a beginning inventory of $45,000. During the period, purchases were $195,000; purchase returns, $6,000
NikAS [45]

Answer:

d. $249,000

Explanation:

cost of goods available for sale

= $45,000 + $195,000 - $6,000 + $15,000

= $249000

Therefore, The cost of goods available for sale was $249000.

6 0
3 years ago
Assuming bourne reported $50,000 of nonrecaptured net §1231 losses during years 1–5, what amount of bourne's net §1231 gain for
Novosadov [1.4K]
<span>The Menendez family has a net income of $4,500. The chart shows their cost-of-living percentages. How much do they spend on transportation?</span>
7 0
3 years ago
Lean production should result in reduced inventories. If lean production is successfully implemented, the difference in net oper
harina [27]

Answer:

True

Explanation:

If lean production totally eliminates inventories, the net operating income computed under the absorption and variable costing methods should be equal.  If lean production only reduces inventories, then the difference in net operating income under the two methods will be reduced.

Lean production is a system of production that tries to eliminate bottlenecks in the flow of goods by employing tools like just in time (JIT), Kaizen, and the 5S of Sort, Set in Order, Shine, Standardize, and Sustain, among others.  It attempts to cut costs, reduce unnecessary inventory, shorten production cycle, speed response time, grant employees autonomy,  and reduce waste of resources while ensuring high quality and customer satisfaction.

Lean production employs some principles in order to achieve efficiency.  They are: 1) definition of value, 2) mapping the value stream, 3) creating efficient flow, 4) using a pull system, and 5) pursuing perfection in all aspect of production activities.  The Lean approach can be applied to services and other aspect of business, like system, structure, and organization.

3 0
3 years ago
Duane has a small woodworking business and saves the money for college. He stores his tools in his apartment. Duane would like t
klasskru [66]

Answer:

First option is the right choice.

Explanation:

He will not have as much money for college classes, because he will have to pay for the trailer and its maintenance.

Visit: gotit-pro.com for fastest, top-notch and impeccable homework and exams help in a range of subjects and ace your academics.

Thanks and Best Regards: Your Friendly Study Co-Pilot

8 0
3 years ago
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