Financial aspects of employment

Business

1 answer:

padilas [110]3 years ago

7 0

Answer:

Wang Min's situation:

Boston: 151

San Francisco: 135

If Wang Min wishes to consider a similar offer in Boston, the offer should be for at least = ($25,000/135) x 151 = <u>$27,963</u>. Since San Francisco is "cheaper" than Boston, she should earn more money in Boston in order to consider a comparable offer.

Roger's situation:

Cleveland: 99

San Francisco: 135

If Roger wishes to consider a similar offer in Cleveland, the offer should be for at least = ($30,000/135) x 99 = <u>$22,000</u>. Since San Francisco is "more expensive" than Cleveland, he should earn less money in Cleveland in order to consider a comparable offer.

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Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 2/10, n/30. If Fallon Company pays the i

Zinaida [17]

Answer:

Leno Company will record a debit to Cash in the amount of: D. $9,800

Explanation:

The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Fallon Company pays the invoice within the discount period - early enough to receive a 2% discount. The discount amount is 2% x $10,000 = $200.

On the other hand, Leno Company has to offer a 2% discount to Fallon Company. Cash amount Leno Company receives = $10,000 - 2% x $10,000 = $9,800

Leno Company will record a debit to Cash in the amount of $9,800

6 0

3 years ago

After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy

Talja [164]

Answer:

1-2%

Explanation:

In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

8 0

3 years ago

You are making the inventory decisions for an international company that sells bathing suits. The product has a forecasted daily

dem82 [27]

Answer:

Please see attachment and assumptions

Explanation:

<h2>Please note that the assumption is that the full question is as follows .</h2><h2>You are making the inventory decisions for an international company that sells bathing suits. The product has a forecasted daily demand with mean 100 and standard deviation 36. The selling season only lasts 6 months since bathing suits are a seasonal item. You are procuring the product from your factory in China (out-sourcing) and as a result the lead time is so long (6 months) that you can only place only one order per selling season (6 months before the season begins). You want to ensure a service level of 97.5% and the cost of capital of the firm is 20% (that is, the firm faces an annual interest rate of 20%). Shipping cost is $4,500 while procurement cost (purchase cost) per item is $5.</h2><h2>1.How many bathing suits should you order from your factory in China? </h2><h2>2.What is the total holding cost? </h2><h2>3.What is the total ordering cost?</h2>