1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stealth61 [152]
3 years ago
8

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 19,200 uni

ts of output each month. However, it has an absolute maximum output capability of 23,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 13,280 units in October, what is the capacity utilization rate in October for this factory?
Business
1 answer:
icang [17]3 years ago
8 0

Answer:

69.17%

Explanation:

The capacity utilization rate measures how much actual output is being produced compared to the maximum output capability of the factory or machine, or in this case, the most efficient output.

It is calculated by dividing current output by maximum possible output = 13,280 units / 19,200 units = 0.6917 x 100 = 69.17%. It is generally shown as a percentage.

In this case, we are not using the total potential output (23,000 units) because the most efficient level is lower (19,200 units) and should generate higher profits.

You might be interested in
A football game between the Thunder and the Sharks is in its closing minutes, with the Thunder ahead by 20 points. The Thunder’s
PolarNik [594]

Answer: increased, trade- offs, marginal thinking, small.

Explanation:

According to the passage, The coach is weighing a slightly<u> increased </u>risk of losing against a slightly decreased risk of injury to the star quarterback. This weighing o<u>f trade-offs </u>is an example of <u>marginal thinking,</u> because the star quarterback was in for most of the game, and the coach's decision concerns <u>small </u>shifts in probabilities with the game nearly over.

6 0
3 years ago
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a
anzhelika [568]

Answer:

April 2

Merchandise $6,200 (debit)

Accounts Payable :  Lyon Company $6,200 (credit)

<em>Purchase of Merchandise on credit from Lyon Company (FOB)</em>

April 3

Accounts Payable :  Lyon Company $200 (debit)

Cash $200 (credit)

<em>Payment of Shipping Costs included in the Invoice </em>

April 4

Accounts Payable :  Lyon Company $450 (debit)

Merchandise $450 (credit)

<em>Return of unacceptable merchandise to Lyon Company</em>

April 17

Accounts Payable :  Lyon Company $5,550 (debit)

Discount Received $111 (credit)

Cash $5,439 (credit)

<em>Settlement of Account with supplier and recognition of discount received</em>

April 18

Merchandise $11,700 (debit)

Accounts Payable :  Frist Corp $11,700 (credit)

<em>Purchase of Merchandise on credit from Frist Corp</em> <em> (FOB)</em>

April 21

Accounts Payable :  Frist Corp  $500 (debit)

Merchandise $500 (credit)

<em>Allowance received from supplier (Frist Corp)</em>

<em />

Explanation:

There is some missing transactions for the dates closer to end of April.

However the rest of the journals and their narrations have been prepared. This will help with completing the rest of the transactions.

See journals above.

6 0
3 years ago
Which of the following statements about advertising is most accurate? Advertising is the least costly form of promotion because
jek_recluse [69]

Answer:

The correct answer is letter "E": Through advertising, a company can control, to some extent, to whom the message is sent.

Explanation:

Advertising is the main key to Marketing by which companies promote their goods or services in an attempt to attract a target population. However, the process of determining what advertising technique a firm will use is not that simple. A series of psychological approaches are used to reach consumers strategically.

<em>Companies at a certain level, manage their marketing audience. Though, different mediums of communication allow people of all kinds, not necessarily the company's target population, to be aware of the promotion somehow.</em>

8 0
2 years ago
At January 1, 2020, Windsor Company had plan assets of $303,000 and a projected benefit obligation of the same amount. During 20
Arte-miy333 [17]

Answer:

The answer is well illustrated as below

Explanation:

Remember: Five factors affects the Pension Liability and Plan assets.

1 & 2. Expenses which includes service cost and interest cost

The increase in expense always increases the pension liability so the entry would be:

Dr Service cost  $27,100

Dr Interest Cost $30,300 ...... $303,000 Opening Pension Liability * 10%

Cr Pension Liability        $57,400

3. Actual return increases the Plan Asset

The Actual return on investment received would increase the Assets worth, which means the journal entry must be passed which would increase the Investment Value (Plan Asset). So the entry would be:

Dr Plan Asset $25,700

Cr Actual return $25,700

4. Contributions made increases the Plan Asset because it is an increase in the investment.

So the journal entry would be:

Dr Plan Asset $20,000

Cr Cash Asset        $20,000

5. The benefits paid to employees are decrease in both pension asset and the pension liability. (We had actually borrowed money from the employees and had invested that money so paying off the benefits actually decreases the pension liability and assets).

So the double entry would be:

Dr Pension Liability $17,700

Cr            Pension Assets $17,700

Kindly input the above values in the following worksheet:

4 0
3 years ago
The Better Building Company has a contract to build a building for $100 million. The estimate of the cost of the project is $75
Leni [432]

Answer:

$10 million

Explanation:

Calculation for the reported profit for the first year of the contract

Using this formula

Reported profit=(BB Costs/Project cost estimate)×(Building contract-Project cost estimate)

Let plug in the formula

Reported profit = ($30 million / $75 million)×($100 million – $75 million)

Reported profit=0.4 million ×25 million

Reported profit= $10 million

Therefore the reported profit for the first year of the contract will be $10 million

5 0
3 years ago
Other questions:
  • The second step in creating a budget is to determine your income. user: the second step in creating a budget is to determine you
    9·2 answers
  • According to ronald reagan and william
    8·1 answer
  • Which of the following typically happens as prices for a good or service rises?a. suppliers leave the marketb. consumers seek mo
    12·1 answer
  • Funds acquired by the firm through retaining earnings have no cost because there are no dividend or interest payments associated
    11·2 answers
  • A company produces 500 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactu
    15·1 answer
  • Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit
    5·1 answer
  • Paid $1,300 towards principal of the notes payable<br> What is the credit and debit for this?
    5·1 answer
  • Daniel and Melissa just bought a new house for $200,000. Each quarter, they now have to pay $4,000 in taxes. Which type of tax a
    7·2 answers
  • Advantage of running your own shop by yourself and disadvantage of running your own shop?​
    12·2 answers
  • Due to scarce resources, every individual, whether rich or poor, faces a(n)cost when choosing to produce or consume more of one
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!