Answer:
b. hire a management team with expertise in complementary areas.
Explanation:
Yes, at this very time, it has become very hard for the Vicenzo to handle his company by himself due to the growth of the company, which is definitely a good business sign which needs to tacked well. He should go for hiring a management team which should have different expertise. He should first make different departments in the company such as, marketing department, finance department, human resource department, procurement department, production department etc. Then afterwards, he should hire the suitable persons for each department. He should start by hiring HR department's people first because they can help him in the future hiring and human resource related tasks.
Answer:
Raw materials purchases cost for May 10,160
Explanation:
May production
sales 2,470
ending 2,130
beginning <u> (2,200) </u>(ending of April)
<em>units to be produced 2,400</em>
Raw material budget
production needs 2,400
desired ending inventory
2,600 x 70% = 1,820
beginning inventory
may production x 70%
2,4000 x 70% = (1,680)
total raw materials purchase 2,540
It will puchase raw materials for 2,540 units. Each units require $4 of raw materials.
total cost for raw materials:
2,540 x $4 = 10,160
Answer:
The authorized common stock shares remain 1,000,000 shares.
Explanation:
The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares. The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding. The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.
The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account. The treasury stock account is a contra account to the Common Stock.
Answer:
Accounting costs $145,000
Implicit costs $75,000
Opportunity costs $220,000
Explanation:
What her accounting cost will be during the first year of operation.
Based on the information given we were told that the annual overhead costs and operating expenses amounted to the amount of $145,000 which means that the amount of $145,000 will be the ACCOUNTING COSTS
Her IMPLICIT COSTS will be the amount of $75,000 which is the amount she earn in her current job per year.
Her OPPORTUNITY COSTS be the addition of both her Her accounting cost and implicit costs
Hence,
Opportunity cost=$145,000+$75,000
Opportunity cost=$220,000
Answer:
Collection from Customers =$487,000
Explanation:
Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance
=97000+$519,000-$65,000
=$487,000
