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navik [9.2K]
3 years ago
9

2. Simplify the following

b%7D%20%29%20%7B%20%20%7D%5E%7B%20-%201%20%7D%20" id="TexFormula1" title=" (\frac{1}{a} - \frac{1}{b} ) { }^{ - 1 } " alt=" (\frac{1}{a} - \frac{1}{b} ) { }^{ - 1 } " align="absmiddle" class="latex-formula">
​
Business
1 answer:
MAXImum [283]3 years ago
6 0
1/a - 1/b -1
Just remove the parentheses
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Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produ
melisa1 [442]

Answer:

Total Flexible Budgets  for 12,000, 15,000, and 18,000 units  is<u> $ 556,000         $ 643,000 and  $830,000  </u><u> </u>

Explanation:

<u>Steelcase Inc.</u>

<u>Assembly Department:</u>

Steel per filing cabinet ............................................. 55 pounds

Direct labor per filing cabinet ...................................... 20 minutes

Supervisor salaries ................................................ $180,000 per month

Depreciation ...................................................... $28,000 per month

Direct labor rate................................................... $21 per hour

Steel cost ......................................................... $0.40 per pound

<u>Steelcase Inc.</u>

<u>Flexible budget </u>

<u>For the month of August 2014.</u>

<u />

<u>Units:</u>                                  12000            15000            18000

Steel for filing cabinet     660,000          825000         990,000 pounds

Steel cost                         $264,000         330,000        $ 396,000

Direct labor Hrs               4,000              5,000               6,000

Direct labor Cost             $84,000       $105,000             $ 126,000

Supervisor salaries      $180,000           $180,000         $180,000

<u>Depreciation                 $28,000             $28,000           $28,000            </u>

<u>  </u><u>Total                              $ 556,000         $ 643,000          $830,000  </u><u> </u>

First we find the Steel for filing cabinets in pounds . Then we multiply with the rate to find the steel cost.

Similarly we find the direct labor hours and then the direct labor cost.

We assume that the supervisor salaries and depreciation are fixed.

4 0
3 years ago
Adkins Bakery uses the modified halfminusmonth convention to calculate depreciation expense in the year an asset is purchased or
nirvana33 [79]

Answer:

The correct answer is $9187.5.

Explanation:

According to the scenario, the given data are as follows:

Asset cost = $140,000

Residual value = $42,000

Life period = 8 years

So, Annual depreciation can be calculated by using following method:

Annual depreciation = ( Asset cost - Residual value) ÷ Life period

= ($140,000 - $42,000) ÷ 8

= $12,250

As depreciation is to be recorded till Dec.31

So, total time period = Apr - Dec = 9 months

So, Depreciation expense till Dec.31 = $12,250 × (9 ÷ 12)

= $9,187.5

Hence, Depreciation expense till Dec.31 is $9,187.5.

7 0
3 years ago
As a contemporary manager, your employees will perceive that their opinions are more valued if:
sergij07 [2.7K]

The answer is this: employees would feel that their opinions matter if open communication is established between the manager and the employee by removing barriers to communication.

An example to this would be having brainstorming meetings where employees are free to give their ideas. Another option would be by eliminating the need to call the manager using suffixes such as Mr. or Dr.

3 0
3 years ago
Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be
faust18 [17]

Answer:

Best estimate for inventory =$70,764.85

Explanation:

The closing inventory value at retail

= (Opening inventory + Purchases - sales)  all in retail prices

= $123,000 +  $483,000 - 493,000.

= 113000

Closing inventory value at cost

=113,000 ×  (64,500 + 315,000)/(123,000 +  $483,000)

=70,764.85

Best estimate for inventory =$70,764.85

4 0
3 years ago
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
daser333 [38]

The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a trial balance.
Trial Balance means a statement with all the debits and credits in an account book along with the mention of any difference showing a mistake.</span>

7 0
3 years ago
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