Sexual Violence Awareness (Campus SaVE Act):

3. Imagine that you are working at a clothing or grocery store, and answer the questions

Deffense [45]

B. To help determine how much inventory to keep in stock of each item in the outlet, I would consider two factors. The first one is the certain amount of each item type in the first week - determining the number of each items input in the stock to be the original data to compare. The second is the number of items sold and still on stock. This would help determine invetory to keep in stock.

B. If I was running a store, I would prefer to use the pick up at store buying method. There would be cashier at the register to check the products and bills as well as receive money from the customers. This is the traditional and still always the most common methods. As the fact that people nowadays still like shopping in physical store, this is definitely the most effective method.

C. The inventory control method I would use when operating a store is to adopt modern technology like bar code to control the inventory stock. By using this technology, I would need to consider the bar code for each type and establishing software to automatically input the information about the number of items sold and in stock. With inputting the number of total items at the beginning and giving each item its corresponding bar code, the sales or number of stock would be tracked by the software.

D. An example of two commodities to be displayed together at store is pencil and rubber. Pencil and rubber undoubtedly are complementary products of each other. Complementary products are made to be used together. Each item requires the other for their complete uses. This is also the case of Rubber and Pencil and each item would not be fully used without the presence of the other.

4 0

3 years ago

In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cos

musickatia [10]

Answer: $2500

Explanation:

From the question,

Average variable cost(AVC) = $50

Average total cost (ATC) = $75

Output (Q) = 100

Since Average fixed cost is the difference between the average total cost and the average Variable cost. This will be:

AFC = ATC - AVC

AFC = $75 - $50

AFC = $25

We should note that:

AFC = TFC / Q

TFC = AFC × Q

TFC = $25 × 100

TFC = $2500

Therefore, total fixed cost is $2500

5 0

3 years ago

The long-run supply curve for a product is horizontal with ATC = 200. Market demand is defined as P = 1,000 − 4 Q. The market is

ANTONII [103]

Answer:

65 firms will be in the industry at the new long run equilibrium

Explanation:

in the long run the P=ATC

quantity before the change is

200 = 1000-4Q

4Q = 800

Q= 200

each firm output = Q/number of firms = 200 / 50

q = 4

new quantity is

200 = 1240-4Q

4Q = 1040

Q = 260

number of firms=new Q/q

=260/4 = 65

the number of firms is 65 in the long run.

3 0

4 years ago

Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upco

inessss [21]

Answer:

Over Applied Overhead = $ 4000

Actual Manufacturing Overhead = $45,000

Manufacturing Overhead Applied = $ 49,000

Explanation:

Job 101 Job 102 Job 103

Total Direct materials $ 19,200 $ 14,400 $ 9,600 $ 43,200

Direct labor $ 28,800 $ 11,200 $ 9,600 $ 49,600

Machine hours 1,000 hrs 4,000 hrs 2,000 hrs 7,000 hours

Manufacturing overhead $ 7000 $ 28,000 14,000

Total $ 55,000 53,600 33,200

Actual overhead costs recorded during the first month of operations totaled $45,000.

Journal Entries

Sr. No Particulars Debit Credit

Job 102 Finished Goods 53,600

Work In Process 53,600

A journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion.

Job 101 Sales 60,000

Cost Of Goods Sold 60,000

Journal entries to recognize the sales revenue and cost of goods sold for Job 101.

Job 101 Cost of Goods Sold 55,000

Finished Goods Inventory 55,000

Manufacturing Overhead Applied = $ 7000 + $ 28,000+14,000 = $ 49,000

Job 101 = 1000/60,000 * $ 420,000= $ 7000

Job 102 = 4000/60,000 * $ 420,000= $ 28000

Job 103 = 2000/60,000 * $ 420,000= $ 14000

Actual Manufacturing Overhead = $45,000

Over Applied Overhead = $ 4000

Manufacturing Overhead Accounts $ 4000 debit

Cost of Goods Sold $ 4000 Credit

Entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.

(Entry to reduce the amount of Over applied Overhead)

6 0

3 years ago

Two firms decide whether to launch a new product: (i) If both firms choose to launch a new product, then each firm will receive

lisabon 2012 [21]

Answer:

don't launch

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

The payoff matrix for this question is

Launch (in millions) Don't Launch (in millions)

Launch (in millions) $40, $40 $30, $45

Don't Launch (in millions) $45, $30 $50, $50

It can be seen that the best strategy for each firm is not to launch because the payoffs of not launching ($45, $50) is greater than the payoff of launching ($40, $30)

4 0

3 years ago