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3 years ago

Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information:

Business

1 answer:

Nimfa-mama [501]3 years ago

7 0

Answer:

Ending Inventory of finished goods = $22,500

Explanation:

The question is to determine SuperTread's Ending/Closing Inventory of Goods to be reported in the Balance Sheet

First, based on the information give, we work back from the Cost of goods sold until we are able to identify or compute the Ending finished goods.

Formula for Cost of Goods sold = Cost of Manufactured Goods+ Opening Inventory of Finished Goods - the closing inventory of finished goods

Based on the information we compute as follows

$37,500 = $44,500 + $15,5000 - The Closing inventory of finished goods

Therefore, the closing Inventory of finished goods

= $44,500+ $15,500 - $37,500

= $22,500

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A company has a total amount of 15 hours for one specific resource. The upper limit of this resource is 18 (the right-hand side

Greeley [361]

Answer: A. the company will be willing to pay a different amount for this resource.

Explanation:

The upper limit for the resource was 18 and anything up to 18 would have attracted the same shadow price (price company estimated it was willing to pay for access to this resource).

The access was increased past this limit however to 18.01. The company therefore will now have more access to the resource and so will be willing to pay a different amount for the resource.

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3 years ago

Not all doctors are rolling in money. By the time they finished their education, most would- be doctors are buried under a mount

natta225 [31]

Answer/Explanation:

In the statement given the problem is specified as the discouragement for med students to take lower paying but needed jobs because of the high student debt. This issue has been analyzed from several sectors of society and even by professionals in other areas that experience similar situations.

Some of the solutions proposed for this problem are to make higher education free of cost or partially subsided by the government (like it is in other countries).

Other Sources mention collages should have lower fees. However, there are further implications in this subject that need to be considered.

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4 years ago

Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su

Ksju [112]

Answer:

Candonia has a comparative advantage in the production of LEMONS, while Lamponia has a comparative advantage in the production of COFFEE. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of 36 million pounds of coffee and 36 million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

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3 years ago

A second mover: a.is typically ineffective in its response to a first mover. b.attempts to provide a product with greater custom

Viktor [21]

Answer:

b. attempts to provide a product with greater customer value than the first mover.

Explanation:

In marketing, it is believed that the first mover gains an edge over the followers. A first mover is the initial entrant and provider of products and services catering to a marketing segment.

A second mover refers to the immediate next of the first mover. The advantage second mover has over the first mover being, it can analyze the response the first mover generated and effectively gauge what went right and what went wrong for the first mover.

This way, the second mover can provide improved products than the first mover by not committing same errors as the first mover.

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3 years ago

Cutter Enterprises purchased equipment for $72,000 on January 1, 2018. The equipment is expected to have a five-year life and a

hram777 [196]

Answer:

$28,800

$25920

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)

2018 = 2/5 x 72,000 = 28,800

Book value = 72,000 - 28800 = 43,200

2019 = 2/5 x 43200 = 17280

Book value = 43200 - 17280 = 25290

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3 years ago