Answer:
The correct answer is letter "A": 30.
Explanation:
Adequate Assurance is requested after a contract was signed by two parties by one of the parties has doubts the other will be able to fulfill the demands of the agreement. In such cases, the doubting party can send in writing the request for confirmation to the other party involved and if the second party does not provide a response within 30 days the initial contract is considered repudiated.
Thus, <em>Barney has 30 days from the date Sam Seller requested an Adequate Assurance of Performance to respond.</em>
Answer: B) Whistleblowing
Explanation:
Whistleblowing is an act where someone in a company discloses unethical practices usually from the entity that they work in. It is a very risky thing to do because it could signal the end of one's career in a certain industry.
Whistleblowing however helps in contributing to entities staying ethical because they'd rather avoid the bad publicity that comes with it and this is why most companies have a whistleblowing policy to make it easier for people to come forward.
Whistleblowing can be done to the Government, the press or even the entity at fault itself.
Lori by giving an anonymous tip to the press about unethical behavior has engaged in Whistleblowing.
Examples of some well known Whistleblowers include, Edward Snowden and Chelsea Manning.
Answer:
the maximum price the company can pay for the component is $24.65
Explanation:
- direct materials: $8.10 per unit
- direct labor: $6.40 per unit
- variable manufacturing overhead: $1.70 per unit
- fixed manufacturing overhead: $4.40 per unit
- total variable costs: $20.60 per unit
Current total manufacturing costs for 16,000 units = $20.60 x 16,000 units = $329,600
if the component is bought, 30% of fixed costs can be avoided = $4.40 x 16,000 x 30% = $21,120 or $1.32
or the machine can be used to manufacture another product that has a contribution margin of $8.10 per unit and a total production of 8,000 units = $8.10 x 8,000 = $64,800 or $4.05 per unit
by purchasing the component from a vendor, the company will save either $1.32 or $4.05 per unit
therefore the company should purchase the component if its maximum price is = $20.60 + $4.05 = $24.65
Answer:
Assets turnover ratio= 0.73
ROA= 3.65%
Explanation:
Torrid romance publishers have a total receivables of $3,000, it represents a 20 days sales
The total assets is $75,000
The operating profit margin is 5%
= 5/100
= 0.05
The first step is to calculate the total sales
= $3,000×365/20
= $3,000×18.25
= $54,750
The asset turnover ratio can be calculated as follows
= Total sales/Total assets
= $54,750/$75,000
= 0.73
The ROA can be calculated as follows
= Assets turnover ratio×operating profit margin
= 0.73×0.05
= 0.0365×100
= 3.65%
Hence the assets turnover ratio and ROA is 0.73 and 3.65% respectively.
