1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lidiya [134]
3 years ago
6

A certain business produced x rakes each month form November through February and shipped x/2 rakes at the beginning of each mon

th from March through October. The business paid no storage costs for the rakes from November through February, but it paid storage costs of $0.10 per rake each month from March through October for the rakes that had not been shipped. In terms of x, what was the total storage cost, in dollars, that the business paid for the rakes for the 12 months form November through October?
A. 0.40x
B. 1.20x
C. 1.40x
D. 1.60x
E. 3.20x
Business
1 answer:
Natasha_Volkova [10]3 years ago
5 0

Answer:

C. 1.40x

Explanation:

1. Production:

November through February: x rakes/month* 4 months = 4x rakes.

2. Shipping and storage costs

March= 4x (initial stock) - x/2 (shipped) = 3.5 x (in stock) * 0.1$ = $0.35

April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ =  $0.30

May = 3x (stock at the end of April) - x/2 (shipped) = 2.5x*0.1$ = $0.25

June= 2.5x (stock at the end of May) - x/2 (shipped) = 2x (in stock) * $0.1 = 0.2$

July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ =  $0.15

August = 1.5x (stock at the end of July) - x/2 (shipped) = 1x*0.1$ = $0.1

Sept= 1x (stock at the end of August.) - x/2 (shipped) = 0.5 x  (in stock) * $0.1 = $0.05

October = 0.5x (stock at end of sept.) - x/2 (shipped) = 0*$0.1 =  $0

Total storage cost= $0.35x+$0.30x+$0.25x+$0.20x+$0.15x+$0.10x+$0.05x+$0x

Total storage cost = $1.40X

You might be interested in
Williams Company purchased a machine costing $28,300 and is depreciating it over a 10-year estimated useful life with a residual
GenaCL600 [577]

Answer:

$3,160

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset .

Given that Williams Company purchased a machine costing $28,300 and is depreciating it over a 10-year estimated useful life with a residual value of $3,300,

Annual depreciation

= ($28,300 - $3,300)/10

= $2,500

At the beginning of the eighth year, a major overhaul on it was completed at a cost of $8,300,

Net book value at the beginning of the eighth year (before overhauling)

= $28,300 - 7($2,500)

= $10,800

Capitalizing the overhaul cost,

Net book value at the beginning of the eighth year (after overhauling)

= $10,800 + $8,300

= $19,100

Given that the total estimated useful life was changed to 12 years with the residual value unchanged,

Depreciation for the eighth year

= ($19,100 - $3,300)/5

= $15,800/5

= $3,160

7 0
3 years ago
The objective of maximizing value for the shareholders provides an important theme in corporate finance. This objective is not w
Illusion [34]

Answer:

D

Explanation:

Agency conflicts arises  when the objectives of managers isn't aligned with that of shareholders.

Due to the objective of maximising value for shareholders, managers might be induced to engage in aggressive accounting practices in order to present a higher profits than might actually exist. This practice is unethical. This places more emphasis on profits than cash flows.

4 0
3 years ago
Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to
liubo4ka [24]

Answer:

B) options-based planning

Explanation:

Software development life cycle (SDLC) can be defined as a strategic process or methodology that defines the key steps or stages for creating and implementing high quality software applications.

Some of the models used in the software development life cycle (SDLC) are;

I. A waterfall model.

II. An incremental model.

III. A spiral model.

An options-based planning can be defined as a strategic management process which typically involves the maintenance of flexibility by investing simultaneously in a little amount (manner) in various alternative plans.

In this scenario, Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to try different operating system software for its phones and then buy the company that manufactures the software that is most compatible with its phones. Therefore, Adamdata is most likely using options-based planning.

4 0
3 years ago
D.v.g. (a minor) was injured in a one-car auto accident in hoover, alabama. the vehicle was covered by an insurance policy issue
diamong [38]

Answer:

Yes, the court ruled in favor of D.V.G.'s mother, because of the principle that contracts entered by minors are not void, but voidable, and that they do have an effect on the parties, but if voided, they cannot be enforced.

In this case, the minor died before the contract was ratified by the court, but the minor hadn't voided the contract, so it was still good at the moment of his death. The minor had the chance of either approving or rejecting the contract while still living, and decided not to revoke it.

Explanation:

NATIONWIDE MUTUAL INSURANCE COMPANY and State Farm Mutual Automobile Insurance Company v. Barbara Walker WOOD, as administratrix of the estate of D.V.G., a minor, deceased, and K.C.T., a minor, by and through Earnest T., his father and next friend.  1111486. Decided: February 22, 2013

As this Court has stated, <em>“ ‘[i]t is well settled by the authorities that infants are not liable on any of their contracts, except for necessaries. With the exception, all other contracts of infants, whether executory or executed, may be avoided or ratified at the election of the infant.’ ”</em>

The final ruling was:

<em>"Under Alabama law, an insurance company is bound to a settlement agreement negotiated on behalf of an injured minor, even if that minor dies before the scheduling of the court hearing that all parties agreed was necessary to obtain approval of the settlement agreement. In accordance with the parties' understanding, such a hearing is still required, and the minor's death does not render that hearing impossible. We thus answer in the affirmative the question certified to this Court."</em>

6 0
3 years ago
Product champions are critical during the period after a new venture project has been defined but before it has gained momentum
Molodets [167]
If i am correct then the answer should be true letter b.)
7 0
3 years ago
Other questions:
  • Zenda is a financial advisor for an investment company and also has a private bookkeeping business. She recently read about new
    13·2 answers
  • Bill Phillips is developing a Monte Carlo simulation to value a complex and thinly traded security. Phillips wants to model one
    11·1 answer
  • Risks of fixed costs of a business are more for an alliance than an independent firm.
    13·1 answer
  • On December 31, 2020, Vitners Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferre
    14·1 answer
  • Which of these is a concept that began in ancient Greece and influenced the development of American constitutional democracy?
    6·1 answer
  • What was a major result of Henry Ford's innovative manufacturing technique?
    12·1 answer
  • Lew owns five activities, and he elects not to group them together as a single activity under the "appropriate economic unit" st
    6·1 answer
  • TRADE OFFER<br> I receive your laugh you receive meme and points
    12·1 answer
  • What do you think makes an engaging public speaker? Explain your answer. in 4-5 sentences.
    12·2 answers
  • An investor exercises the right to buy one additional share at $20 for every four shares held. how much should each share be wor
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!