Answer:
The unstated assumptions in the problems given is that the company may require more units of aluminium and steel, which would allow for producing more bicycles.A linear programming model cannot account for this.
Explanation:
Linear programming model: this is an algebraic description of te objectives to be minimized and the constraints to be satisfied by the variables.
Answer:
The correct answer is True.
Explanation:
These are the measures implemented by the Government aimed at channeling the economy towards certain goals. The fundamental tools available to the Government for this are the management of the volume and destination of public spending. Fiscal policy also includes ways to finance government expenses. For example, if the economy is entering a recessive phase, the Government can reduce taxes and increase spending, in order to expand aggregate demand and overcome the recession. If there is a very high level of unemployment, you can try to create new jobs and grant temporary benefits to the unemployed; If there is a high inflation rate, it will try to reduce spending to counteract possible demand pressures and moderate price rises.
The objectives of the policy are: moderate economic cycles, seek to raise the level of national income, redistribute income, provide public goods, increase employment, etc. However, in certain situations, achieving a fiscal policy objective will ultimately be conditioned by the general objectives of the economic policy pursued by the Government at a given time.
Answer:
c. 130% of direct labor cost
Explanation:
Note : Manufacturing overhead is allocated based on direct labor cost in the Trimming Department.
Where,
Budgeted Overheads are $416,000
Total Direct Labor Cost are $320,000
Therefore,
Predetermined Overhead Rate = Budgeted Overheads ÷ Total Direct Labor Cost
= $416,000 ÷ $320,000
= $1.30 or 130 %
The predetermined manufacturing overhead rate for the Trimming Department is 130 %
Answer:
C. Processing loan payments
Explanation:
(ECOA )is an abbreviation of Equal Credit Opportunity Act. The law prohibits any form of credit discrimination to any applicant, be it racial, color, age, or any other.
Jerry's job description matches that of an offer working in a credit department. His duties revolve around assisting customers with loan applications and processing. His role is covered under ECOA. Jerry must give each applicant an equal opportunity to access credit.
Answer:
$40,360
Explanation:
Data provided
Inventory price = $38,100
Transportation cost = $1,500
Shipment insurance = $210
Cleaning and refurbishing = $550
According to the situation the computation of total cost of inventory is shown below:-
Total cost of inventory = Inventory price + Transportation cost + Shipment insurance + Cleaning and refurbishing
= $38,100 + $1,500 + $210 + $550
= $40,360
Therefore for computing the total cost of inventory we simply applied the above formula.
