Answer:
Learning organization
Explanation:
A learning organisation is defined as one that is focused on promotion creation, acquiring, and transfer of knowledge for the clients it serves and its members.
It also constantly transforms itself by improving on its processes.
McKittridge Consulting is a learning organisation because it pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems.
Answer: $55,600
Explanation:
Total Manufacturing Cost
= Direct Material + Direct Labor + Factory Overhead
Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending
Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending
= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000
= $28,000
Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500
= $55,600
Answer:
$2,450 is received as payment in full on July 24
Explanation:
Terms 2/10, n/30 means that there is a discount of 2% available if the payment is made within 10 days of sale with credit period of 30 days. Discount will only be given on the amount of payment which will be net of sales and return.
Credit Sale = $2,700
Sale Return = $200
Net Receivable = $2,700 - $200 = $2,500
Payment is made within the discount period, so the the discount will be availed on the due amount.
Discount = 2,500 x 2% = 50
Payment Receipt = $2,500 - $50 = $2,450
Answer:
12%
Explanation:
initial investment $367,402
net cash flows 1 - 7 = $80,500
the IRR is the interest rate at which NPV = 0
we can calculate it by using Exhibit 13B-2 (present value of annuity in arrears)
$367,402 = $80,500 x present value of 7 year annuity in arrears
- present value of 7 year annuity in arrears at 14% = 4.288
- present value of 7 year annuity in arrears at 12% = 4.564
- present value of 7 year annuity in arrears at 8% = 5.206
with 14% ⇒ $80,500 x 4.288 = $345,184
with 12% ⇒ $80,500 x 4.564 = $367,402 CORRECT ANSWER
with 8% ⇒ $80,500 x 5.206 = $419,083
