Answer:
the number of containers that should be used is 1.67 containers
Explanation:
The computation of the number of containers that should be used is as follows;
= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces
= 71 × 0.83 × (1 + 0.16) ÷ 41
= 1.67 containers
Here The time is converted from minutes to hour i.e
= 50 minutes ÷ 60 minutes
= 0.83
Hence, the number of containers that should be used is 1.67 containers
The correct answer is A) July 31st.
Orange County shows that the revenue was recognized on July 31st.
The other options of the question were B) August 1. C) August 5. D) August 6.
To be successful, a business needs good control and operation systems. Accounting is of the utmost importance when controlling the finances of a company. You have to keep your records straight. Your accountant needs to clearly understand when to record revenue in your book. So the accountant has to understand the general principles of accounting. According to the revenue recognition principle, revenue has to be recognized when they are realized, so you keep it in the book.
Answer:
The correct answer is letter "A": efficiently but does not necessarily ensure that resources are allocated fairly.
Explanation:
Scottish economist and philosopher Adam Smith (<em>1723-1790</em>) coined the term invisible hand to give meaning to the unseen force the moves the free market economy. According to the theory, the interest of society is achieved by freedom of consumption and production. It means that the market will find the equilibrium point without the need for government intervention, which could allocate goods or services efficiently but not necessarily fairly.
Answer:
The correct answer is letter "D": team awards.
Explanation:
Team awards represent all the prizes individual employees or teams obtain after reaching a determined objective or after their performance has been outstanding compared to others. It is an important measure to take at the moment of keeping workers' morale up so their efficient work continues. In some cases, the team awards are given in the form of monetary incentives while in others as recognition.
