Additional inventory kept over and above the average amount required to meet demand is called ___

Through what process can special interest groups and businesses influence the government?

DochEvi [55]

Answer:

Lobbying

Explanation:

This is a tool used since the beginnings of political organized society. Nowadays it is considered a business practice and there are enterprises that use lobby to influence politicians in order to meet the objectives they want to attain with actions such as passing of bills.

8 0

3 years ago

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 50,00

mafiozo [28]

Answer:

It is cheaper to buy the product than producing it.

Explanation:

Giving the following information:

The current cost per unit to manufacture the required 50,000 units of RX5 follows. Direct materials $ 5.00 Direct labor 8.00 Overhead 9.00 Total costs per unit $ 22.00 Direct materials and direct labor are 100% variable. The Overhead is 80% fixed. An outside supplier has offered to supply the 50,000 units of RX5 for $18.00 per unit.

First, we need to calculate the total cost of making the product:

The total cost of producing 50,000 units:

Direct material= 50,000*5= 250,000

Direct labor= 50,000*8= 400,000

Total overhead= 50,000*9= 450,000

Total cost= 1,100,000

Total cost of purchasing:

Buying= 50,000*18= 900,000

Unavoidable overhead= 50,000*(9*0.2)= 90,000

Total cost= 990,000

It is cheaper to buy the product than producing it.

3 0

3 years ago

The Lodge borrowed $2,000,000 for five years at an annual interest rate of 9% from the Merchant Bank, which required a $100,000

AleksandrR [38]

Answer:

option (b) 9.5%

Explanation:

Data provided in the question:

Loan Amount = $2,000,000

Annual interest rate = 9%

Required compensating balance = $100,000

Now,

Effective interest rate(EIR)

= (loan × Annual interest on loan) ÷ (Loan - Required compensating balance)

= ($2,000,000 × 9% ) ÷ ( $2,000,000 - $100,000 )

= ($2,000,000 × 0.09 ) ÷ ( $1,900,000 )

= 0.0947 ≈ 0.095

or

= 0.095 × 100%

= 9.5%

Hence,

the answer is option (b) 9.5%

4 0

3 years ago

Garage corp. uses a traditional production environment. its competitor uses lean production and just-in-time (jit) manufacturing

Rus_ich [418]

Garage corp. uses a batch-and-queue or batch-and-wait production system wherein the sub-assembly or the partially completed product is move to the work-in-progress (WIP) location, the next department to take it from WIP location, perform an operation on them and then forward the resulting work into the next WIP location to wait once again. This procedure continuous until the final product is completed. Using this system, the Garage corp. produces and maintains large inventories since it drives products to lower average unit cost, so they need to produce more products and the more products produced, the greater the inventory asset. They will produce products of low quality since workers in traditional production do not have major responsibility for quality control during their work. They strive for efficiency which means producing the best yield at the lowest cost from the available resources but in the expense of effectiveness which is the degree where an objective or target is met. It is doing something right but not doing it right. And lastly they have an information loss between its organizational areas because they operate in a disconnected manner with little integration and communication.

3 0

3 years ago

There are two polluting firms in an industry. Each firm is initially generating 200 tons of pollution each year. Each faces the

11Alexandr11 [23.1K]

Answer:

Permits will be the best option

Explanation:

Assuming the cost per ton of polution reduction follows a linear progression and it can reach zero

<u>The best option will be the permits:</u>

As Firm B will eliminate their polution and sale his permis to Firm A

That occur as Firm B is more efficient in doing this will sale to Firm A

In the end Firm A will have all the permits and continue to produce 200 tons

but Firm B will produce none achieving the goal of 50% reduction with the least economic impact.

This is a market solution which little intervention from the Gvernment

Cost to eliminate 200 polution with permits:

200 x $10 = 2,000

If we force each company to reduce pollution Firm A higher cost will create deadweight-loss

100 x $20 = 2,000

100 x $10 = <u> 1,000</u>

3,000

8 0

3 years ago

Additional inventory kept over and above the average amount required to meet demand is called ____ inventory.