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3 years ago

What is the manufacturing industry

Business

1 answer:

Sever21 [200]3 years ago

7 0

Answer:

Manufacturing is the production of products for use or sale, using labor and machines, tools, and chemical or biological processing or formulation. It is the essence of secondary industry. The term may refer to a range of human activity, from handicraft to high-tech, but is most commonly applied to industrial design, in which raw materials from primary industry are transformed into finished goods on a large scale.

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Amy Lloyd is interested in leasing a new Honda and has contacted three automobile dealers for pricing information. Each dealer o

Ksivusya [100]

Answer:

For 12000, 15000 and 18000 miles per year respectively.

Dealer = Hepburn Honda:

10764 USD, 12,114 USD, 13464 USD

Dealer = Midtown Motors:

11,160 USD, 11,160 USD, 12,960 USD

Dealer = Hopkins Automotive:

11,700 USD, 11,700 USD, 11,700 USD

Explanation:

<em>Payoff Table Construction:</em>

The assumption of miles per year will definitely help to calculate the overall cost. Here we go:

1. Assumption no: 1:

12000 miles = 1 year

24000 miles = 2 years

36000 miles = 3 years

Let's calculate the cost for Hepburn Honda Dealer:

Dealer = Hepburn Honda:

3 years = 36 months

For 12000 miles per year drive

For 3 years = 36000 miles

So, we have:

36(299) + 0.15(36000 - 36000) = 10764 USD

For 15000 miles per year drive

For 3 years = 45000 miles

36(299) + 0.15(45000-36000) = 12,114 USD

For 18000 miles per year drive

For 3 years = 54000 miles

36(299) + 0.15(54000-36000) = 13464 USD

Above are the calculations for dealer Hepburn Honda. Now, let's calculate for the second one.

Dealer = Midtown Motors:

For 12000 miles per year drive

For 3 years = 36000 miles

So, we have:

36(310) + 0.20 x max(36000 - 45000) = 11,160 USD

For 15000 miles per year drive

For 3 years = 45000 miles

36(310) + 0.15 x max(45000-45000) = 11,160 USD

For 18000 miles per year drive

For 3 years = 54000 miles

36(310) + 0.20 x max(54000-36000) = 12,960 USD

Above are the calculations for dealer Midtown Motors. Now, let's calculate for the third one.

Dealer = Hopkins Automotive:

For 12000 miles per year drive

For 3 years = 36000 miles

So, we have:

36(325) + 0.15 x max(36000 - 54000) = 11,700 USD

For 15000 miles per year drive

For 3 years = 45000 miles

36(325) + 0.15 x max(45000-54000) = 11,700 USD

For 18000 miles per year drive

For 3 years = 54000 miles

36(325) + 0.15 x max(54000-54000) = 11,700 USD

Payoff Table:

For 12000, 15000 and 18000 miles per year respectively.

Dealer = Hepburn Honda:

10764 USD, 12,114 USD, 13464 USD

Dealer = Midtown Motors:

11,160 USD, 11,160 USD, 12,960 USD

Dealer = Hopkins Automotive:

11,700 USD, 11,700 USD, 11,700 USD

5 0

3 years ago

Determine which one of these three portfolios dominates another. Name the dominated portfolio and the portfolio that dominates i

SashulF [63]

Answer:

Explanation:

Please see attachment

8 0

3 years ago

Powell Company had the following errors over the last two years: 2019: Ending inventory was overstated by $58,500 while deprecia

erastovalidia [21]

Answer:

-$27,800

Explanation:

When the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated . When an expense is overstated, the net income is understated and so is the retained earnings.

The net overstatement of inventory across the two periods

= $58,500 - $10,500

= $48,000

The net overstatement of depreciation across the two periods

= $24,800 - $4,600

= $20,200

Adjustments to retained earnings

= - $48,000 + $20,200

= -$27,800

7 0

3 years ago

"liabilities are obligations denominated in precise monetary terms." do you agree or disagree? Explain.

Korolek [52]

Disagree. Liabilities can be met in ways other than money.

In accounting, a liability is a debt that is owed and must be payed with money, but there are also legal liabilities and other obligations that are not monetary.

4 0

3 years ago

Read 2 more answers

Which of these are the six steps of the financial planning (FP) process?

dangina [55]

The answer is to analyze your current personal and financial situation

5 0

4 years ago