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Nikolay [14]
3 years ago
11

Jamal Steel, a rapidly growing small steel company with annual revenues of $8 million is looking to buy a large industrial furna

ce from Shinto Manufacturing, a Japan-based company. Rather than have a letter of credit binding the two parties, both agree on a draft. In international commerce, Shinto Manufacturing, the party initiating the draft is known as the
A. maker.B. drawee.C. buyer.D. agent.E. drafter.
Business
1 answer:
Sloan [31]3 years ago
6 0

Answer:

The correct answer is A. maker.

Explanation:

The manufacturing industry (manufacturing) is the production of added value of merchandise for use or sale using labor and machinery, tools, chemical and biological processes, or formulation. The term can refer to a wide range of human activities, from handicraft to high technology, but it is more commonly applied to industrial production, in which raw materials are transformed into finished products on a large scale. Such finished products can be used to manufacture other more complex products, such as airplanes, appliances or cars, or be sold to wholesalers, which in turn sell them to retailers, which they then sell to end users or consumers.

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The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor ho
White raven [17]

Answer:

The variance is: $ 0.50 per direct labor hour.

Explanation:

Actual payroll = $117,000/6000h = $19.50 per hour

So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour

5 0
3 years ago
Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions ab
Lorico [155]

Answer: B) Correct Incorrect

Explanation:

Whilst it was generally believed at some point that raising taxes and Government Spending by the same amount would have no effect, research has disproven this thought.

This is because it was shown that an increase in Government Spending leads to a larger increase in GDP than an increase in taxes reduces it.

This is because when the Government spends money, the Multiplier effect of Government Spending is always 1 more than that of the Taxes therefore raising taxes and spending by the same amounts still increases the Real GDP because Government Spending will create more income than taxes will take.

Necco is right, Packard is wrong.

8 0
3 years ago
Consider a university that purchases replacement chairs for its classrooms. The purchasing manager knows that the annual demand
Ierofanga [76]

Answer:

b. $866

Explanation:

Annual demand from the question = D = $500

the ordering cost = S = $200

then the cost of carrying H = $15

we have to calculate the <em><u>economic order quantity</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>sqr</u></em><em><u>(</u></em><em><u>2</u></em><em><u>*</u></em><em><u>D</u></em><em><u>*</u></em><em><u>S</u></em><em><u>)</u></em><em><u>/</u></em><em><u>H</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>sqr</u></em><em><u>(</u></em><em><u>2</u></em><em><u> </u></em><em><u>x</u></em><em><u> </u></em><em><u>5</u></em><em><u>0</u></em><em><u>0</u></em><em><u> </u></em><em><u>x</u></em><em><u> </u></em><em><u>2</u></em><em><u>0</u></em><em><u>0</u></em><em><u>)</u></em><em><u>/</u></em><em><u>2</u></em><em><u>5</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>sqr</u></em><em><u>(</u></em><em><u>1</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>.</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>)</u></em>

<em><u>this</u></em><em><u> </u></em><em><u>equals</u></em><em><u> </u></em><em><u>1</u></em><em><u>1</u></em><em><u>5</u></em><em><u>.</u></em><em><u>4</u></em><em><u>6</u></em><em><u>9</u></em>

<em><u>whi</u></em><em><u>ch</u></em><em><u> </u></em><em><u>is</u></em><em><u> </u></em><em><u>app</u></em><em><u>roximately</u></em><em><u> </u></em><em><u>1</u></em><em><u>1</u></em><em><u>5</u></em><em><u>.</u></em><em><u>5</u></em>

<em><u>next</u></em><em><u> </u></em><em><u>we</u></em><em><u> </u></em><em><u>have</u></em><em><u> </u></em><em><u>to</u></em><em><u> </u></em><em><u>calc</u></em><em><u>ulate</u></em><em><u> </u></em><em><u>inven</u></em><em><u>tory</u></em><em><u> </u></em><em><u>orderi</u></em><em><u>ng</u></em><em><u> </u></em><em><u>cost</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>(</u></em><em><u>D</u></em><em><u> </u></em><em><u>*</u></em><em><u> </u></em><em><u>S</u></em><em><u>)</u></em><em><u>/</u></em><em><u>EOQ</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>2</u></em><em><u>0</u></em><em><u>0</u></em><em><u> </u></em><em><u>*</u></em><em><u>5</u></em><em><u>0</u></em><em><u>0</u></em><em><u>/</u></em><em><u>1</u></em><em><u>1</u></em><em><u>5</u></em><em><u>.</u></em><em><u>5</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>8</u></em><em><u>6</u></em><em><u>5</u></em><em><u>.</u></em><em><u>5</u></em>

<em><u>When</u></em><em><u> </u></em><em><u>approximated</u></em><em><u> </u></em><em><u>becomes</u></em><em><u> </u></em><em><u>$</u></em><em><u>8</u></em><em><u>6</u></em><em><u>6</u></em>

8 0
3 years ago
You save $5,000.00 and invest 60% of it in stocks while leaving the rest in a savings account earning a 4.9% APR. The stock incr
LiRa [457]
Amount invested in stocks 5,000 X 0.60 = 3,000

After one year gains 9%
3,000 X ( 1 + 0.09) = 3,270

After second year loses 4%
3,270 X ( 1 - 0.04) = 3,139.2 amount after second year

So Stocks gained 139.2 ( 3139.2 - 3000)

Amount of saving account
5,000 X 0.40 = 2,000

After 2 years
2,200 X ( 1 + 0.049)^(2) = 2,200.802

So gained 200.802 (2200.802 - 2000)

Total amount after 2 years
3,139.2 + 2,200.802 = 5,340.002

Gained 340.002 (5340.002 -5000)
7 0
3 years ago
Analysis reveals that a company had a net increase in cash of $20,000 for the current year.Net cash provided by operating activi
alexandr402 [8]

Answer:

A) $4,000

Explanation:

Calculation for the beginning cash balance

Using this formula

Beginning balance=ending balance-increase in cash

Let plug in the formula

Beginning balance=$24,000 -$20,000

Beginning balance=$4,000

Therefore the beginning cash balance was:$4,000

3 0
2 years ago
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