Answer:
Government intervention in the economy.
Explanation:
The government in some cases take actions that affect the economy to have an impact and address inefficiencies. In this case, the intervention takes the form of a regulation that establishes a lobster fishing season in the state of Florida. Because of that, the answer is that this is an example of government intervention in the economy.
Answer:
Corporate chain
Explanation:
The corporate chain is that chain that owns its multiple outlets so that it can ensure the day to day activities, profit or losses for a given period of time.
The aim of this to maximize the profit to the greatest extent and captures the market by providing them excellent services so that it can achieve the highest growth during a particular period which results in them into maintaining its reputation and goodwill
Answer:
Supplies Used = $2475
Explanation:
<u>Bruce Company</u>
Supplies Purchases $4,300
Supplies on hand $1,825
Supplies Used = $ 4300- $ 1825 = $2475
The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.
The relating <u>adjusting entry </u>will be
Supplies Expense $ 2475 Debit
Supplies Account $ 2475 Credit
This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.
Answer:
A
Explanation:
Average rate of return is a capital budgeting method. It is used to determine if a firm should invest in a project or should not invest in a project
average rate of return = average net income / average cost of investment
average net income = (total net income - depreciation) / useful life
(8,500,000 - $4,250,000) / 20 = 212,500
Average cost of investment =( beginning book value of the investment - ending book value of the investment) / 2
($4,250,000 - 0) / 2 = 2,125,000
ARR = 212,500 / 2125,000 = 0.1 = 10%
Answer:
The business should order the inventory 25 times per year in a lot of 100 to minimize the inventory costs.
Explanation:
To calculate the lot size that minimizes the inventory cost, we will calculate the economic order quantity (EOQ) which is the order quantity that a business should order in each order to minimize the inventory related costs. The EOQ can be calculated using the attached formula,
EOQ = √[(2 * 2500 * 20) / 10]
EOQ = 100 packages
The lot size for each order should be 100 to minimize the inventory costs.
We can calculate the number of reorders per year by dividing the total annual demand by the EOQ.
Number of orders = 2500 / 100
Number of orders = 25 times
