Answer:
Production= 750 units
Explanation:
Giving the following information:
Cook Plus projects sales of 675 10-inch skillets per month.
Cook Plus has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20% of the next month's sales.
TO calculate the production required, we need to use the following formula.
Production= sales + desired ending inventory - beginning inventory
Production= 675 + (0.2*675) - 60
Production= 750 units
Answer:
balance in the Prepaid Rent account as of April 30 is $10800
Explanation:
given data
rent office = $5,400 per month
rent paid = 6 month i.e January 1 to June 30
to find out
balance in the Prepaid Rent account as of April 30
solution
we know here that Period Expired till April 30 = 4 months ( January 1 to April 30)
and
so Period Balance = 2 Months ( May 1 to June 30 )
so Prepaid Rent is = Balance Period × Rent per month
Prepaid Rent = 2 × 5,400
Prepaid Rent = $10800
so balance in the Prepaid Rent account as of April 30 is $10800
Answer:
Authority - Responsibility Balance & Incentive Development.
Explanation:
Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.
Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.
For Eg : A manager given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.
Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.
Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.
Pn = P0(1+r)∧n
Pnis future value of P0
P0 is original amount invested
r is the rate of interest
n is the number of compounding periods (years, months, etc.)
P(n) = 2250(1+(.03/4)∧8
** since the interest is compounding quarterly, you need to divide the rate by 4, the number of quarters in a year.
Then you would do the math.
