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Klio2033 [76]
3 years ago
14

In a loan database, there are 66 loans to clients with 17 years of business experience. Also, there are 83 loans made to clients

with a Graduate education. In the database there are 142 loans to clients with 17 years of experience or who have a Graduate education. How many loans were made to clients with a Graduate education who also had 17 years of experience?
Business
1 answer:
lisabon 2012 [21]3 years ago
4 0

Answer:

7 loans were made to clients with Graduate education who also had 17 years of experience

Explanation:

We have to solve for which is the intersection between the two groups.

66 is the count for +17 years

83 is the count for Graduate

the two groups is 149 loans

Then, we have 142 loans which are not part of both groups. Therefore, the difference are the loan count which do belong to both groups:

149 total loans - 142 loans out = 7

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Park Sung Inc. is a fictional South Korean manufacturer of refrigerators. The company produces at its manufacturing plant in Bus
Murrr4er [49]

Answer:

The answer for each requirement is given separately below.

Explanation:

What is the economic production quantity (EPQ)?

EPQ = ((Annual Requirement * setup cost *2)/Carrying cost per unit)^(1/2)

         = ((30,000 * 50 *2)/3^(1/2)

         = 1000 Units

a. What is the average inventory level for this optimum production quantity?

Average Inventory level = EPQ/2 = 500 units

b. How many production setups would there be in a year?

Production setups = Annual Usage /EPQ = 30 set ups

C. What is the optimal length of production run in days

length of production = Total Requirement/production per day

                                   = 30,000/275

                                   =110 days approx

d. What would be the savings in annual inventory Cost if setup costs can be reduced to US$40 per setup?

If set up cost reduce to $40  than EPQ = 895

So Set up cost = 30,000/ 895 * 40 = 1,360

Carrying cost = 883/2 *3                  = 1,325

Total Cost                                          = $ 2,685 -A

If set up cost  $50  than EPQ = 1000

So Set up cost = 30,000/ 1000 * 50   = 1,500

Carrying cost = 1000/2 *3                  = 1,500

Total Cost                                          = $ 3,000- B

Saving = B-A = 315 Dollars

4 0
3 years ago
What type of life insurance are credit policies issued as?
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6 0
3 years ago
United Resources Company obtained a charter from the state in January of this year. The charter authorized 206,000 shares of com
amid [387]

Answer:

United Resources Company

Stockholders section of the balance sheet at the end of the year:

Common Stock:

Authorized 206,000 shares at $3 par value

Issued 88,000 shares                                 $264,000

Additional Paid-in Capital

($968,000 -364,000 + 136,000)                   740,000

Treasury Stock ($78,000 - 24,000)               (54,000)

Total Equity                                                 $950,000

Explanation:

a) The authorized common stock is stated in the balance sheet as a memorandum record.  It does not form part of the calculation of equity since all the shares have not been issued.

b) Issued common stock is valued at 88,000 * $3 = $264,000

c) The difference in the par value and the issue price is recorded in the Additional Paid-in Capital Account.  It is also where the increases and decreases in Treasury stock above or below par values are recorded.

d) Treasury Stock is a common stock contra account which records the repurchase and resale of common stock.  Two methods are used.  One recognizes the whole cost of treasury stock in the Treasury Stock account.  It is called the costing method.  The other method, called the par-value method, recognizes the above and below par value in the Additional Paid-in Capital.

7 0
3 years ago
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24
Wittaler [7]

Answer:

$217,000

Explanation:

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Raw Materials  $ 36,000 $ 69,000 $ 24.000

Work in Process  $ 23,000 $ 17,000         $ 6.000

Finished Goods  $ 37,000  $ 55,000 -$ 18.000

Direct Lab Costs  $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

 Total  

Raw Materials  $ 81.000

Work in Process  $ 6.000

Finished Goods  -$ 18.000

Direct Labor Costs  $ 94.000

Manufacturing Overhead  $ 54.000

Costo of Goods Manufactured  $ 217.000

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2 years ago
Online reviews have become increasingly important to consumers’ ability to decide to purchase items ranging from household goods
Nesterboy [21]

Answer:

The above statement is TRUE

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3 years ago
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