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3 years ago

Use the following to answer the questions.

Business

1 answer:

-BARSIC- [3]3 years ago

3 0

Answer:

B. just-in-time

Explanation:

Just in time (JIT) is an inventory management approach that is used by companies that want to reduce their inventory costs and they purchase their materials in smaller quantities whenever their productive system needs them. The goal is to keep the lowest possible inventory levels.

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Thornton Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes

maw [93]

Answer:

Chicken drumsticks:

pounds 6,600 - 7,230.22 = -630,22‬

market value: 6,600 - 5,478 = 1,122

Breast:

pounds 13,000 - 9037,88 = 3,962.12

market value: 13,000 - 10.790 = 2,210.00

Changing the allocation method detemriantes whether the drumstick are profitable or not thus, it should be considered which method is better suited.

Explanation:

Joint cost:

9,400 mateirals + 6,868 processing Total =

pounds to allocate cost:

$\left[\begin{array}{cccc}Product&Sales&Weight&Cost\\Drumstick&4000&0.44&7230.22\\Breast&5000&0.56&9037.8\\\\Total&9000&1&16268\\\end{array}\right]$

using market value:

$\left[\begin{array}{cccc}Product&Sales&Weight&Cost\\Drumstick&6600&0.3367&5478\\Breast&13000&0.6633&10790\\\\Total&19600&1&16268\\\end{array}\right]$

Then, we calcualte the gross margin under each method

Chicken drumsticks:

pounds 6,600 - 7,230.22 = -630,22‬

market value: 6,600 - 5,478 = 1,122

Breast:

pounds 13,000 - 9037,88 = 3,962.12

market value: 13,000 - 10.790 = 2,210.00

3 0

3 years ago

If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day

mart [117]

Answer:

False

Explanation:

If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day credit period tell us that the credit department is functioning efficiently and there are no past due accounts. This is a false statement.

7 0

3 years ago

An agent must disclose an agency relationship: a. Within 5 days of obtaining a listing. B. Within 5 days of procuring a buyer. C

snow_lady [41]

D. As soon As practical

8 0

2 years ago

At the start of the year, your firm's capital stock equaled $10 million, and at the end of the year it equaled $15 million. The

hammer [34]

Answer:

c. $5million

Explanation:

Net investment = Gross investment - Depreciation

Also, Net investment equals investment at the beginning of the year minus investment at the end of the year

Net investment = $15million - $10million

Net investment = $5million

Therefore, net investment during the year equals $5million

5 0

2 years ago

DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive

Oksanka [162]

Answer:

Year Cashflow [email protected]% PV

$ $

0 (750,000) 1 (750,000)

1 350,000 0.9259 324,065

2 325,000 0.8573 278,623

3 250,000 0.7938 198.450

4 180,000 0.7350 132,300

NPV 184,438

The correct answer is D. The difference in answers is due to rounding error.

Explanation:

Net present value is the diffrence between initial outlay and present value of inflow. We need to discount the cash inflows for year 1 to year 4 at 8% and then calculate the present value of cash inflows by multiplying the cash inflows by the discount factors. Finally, we will calculate NPV by deducting the initial outlay from the present value of cash inflows.

6 0

3 years ago