working from home in fashion and creating her own buisness!
Answer:
Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here?
Yes, SPI can sue Med-Express in an Illinois court due to the minimum contacts doctrine. This is an actual court case that the North Carolina Court of Appeals ruled in favor of SPI. The minimum contacts rule states that in order for a business to be sued in another jurisdiction it must have maintained minimum contacts with residents of that state. Minimum contacts may include making business with individuals or companies that reside in the other state, visiting the other state or incorporating in the other state. In this case, Med-Express made business with SPI, and SPI is a resident of Illinois.
Answer:
Explanation:
Base on the scenario been described in the question, Monczka-Trent Shipping is the logistics vendor for Handfield Manufacturing Co. in Ohio. Hpower-steering pump from its Ohio plant to anauto assembly line in Alabama. The value of tMonczka-Trent has two options: (1) its standard 2-day shipment or (2) a subcontractor who effective delivery of one day. The extra driver costs $175. Handfield’s holding cost is 35% a The benefit to subcontractor the work where the team will drive overnight with an effective delivery of 1 day =The production issue that has not been included in the above data is that the auto assem Alabama is getting its input from the Ohio plant of power steering pump, thus any cha delivery pattern i.e. changing the duration of shipment might affect the workings of th1 day shipment may lead to over stocking at the assembly line. The delay in transit timproduction issues where this part or component is used. These issues could be related tdevelopment, quality or testing of a product. It could also affect the production processlevels. All of these could cause potential delays in production.
Answer:
Accounts receivable will be reported at the net amount of cash expected to be collected.
Bad debt expense is recorded at the time an actual bad debt is written-off.
Explanation:
Accounts receivable will be reported at the net amount of cash expected to be collected. One of the criticism of the direct match off method is that its violate the matching concept and as such account receivable won't be equal to the net amount of cash.
Bad debt expense is recorded at the time an actual bad debt is written-off. Bad debt is recorded when the debt is deemed to be irrecoverable.
Question Completion:
The manufacturing overhead charge per hour is $24.
Answer:
The manufacturing overhead that would be charged to 16 portraits using the cumulative average approach is:
$336.
Explanation:
a) Data and Calculations:
Time taken by new employee to make the first portrait = 8 hours
Time taken by employee to make the second portrait = 6 hours
Unit Hours Cumulative Hours Cumulative Average
1. 8.0 8.0 8.0
2. 6.0 14.0 7.0
Learning curve percentage = cumulative average/ hours for 1st unit = 7/8 hour * 100) = 0.875
This means that every unit produced, the time used reduces by 12.5% (1 - 0.875)
Therefore, the time to produce 16 units = 16 * 0.875 = 14 hours
Manufacturing overhead = 14 * $24 = $336
