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3 years ago

Locating close to suppliers reduces these cost

1 answer:

5 0

Locating close to the raw material supplies can reduce where raw materials are heavy and large quantities are used up in production costs. This is particularly true for industries like steel, which uses large quantities of iron ore in the production process.

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Michael Glock was the policyowner-insured of a $50,000 participating whole life insurance policy with a $50,000 accidental death

sveticcg [70]

Answer:

Explanation:

50,000+3,400-750-2500

3 0

2 years ago

A Golf company detemined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 60,000 units on ha

iogann1982 [59]

Answer:

Budgeted cost of goods sold = $7,650,000

Explanation:

Computation table for budgeted cost of goods sold

Particular Amount

Total Sales 225,000

Add: Desired stock in hand 90,000

Less: Beginning stock 60,000

Budgeted production 255,000

Budgeted cost of goods sold = 255,000 x $30

Budgeted cost of goods sold = $7,650,000

6 0

2 years ago

In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume t

svetlana [45]

Answer:

Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67

Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64

Explanation:

The current ratio is a measure of liquidity which measures the amount of current assets a business has to pay off each $1 of current liability. It is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

We know the initial current ratio and current assets. The initial current liabilities will be,

1.8 = 54000 / Current Liabilities

Current Liabilities = 54000 / 1.8

Current Liabilities = $30000

Transaction 1

The result of transaction 1 will be that the current assets will increase by $6000 as inventory increases and the current liabilities will also increase by $6000 as accounts payable are increasing. The new current ratio will be,

Current Ratio - Transaction 1 = (54000 + 6000) / (30000 + 6000)

Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67

Transaction 2

The result of transaction 2 will be that the current assets will decrease by $1000 as payment for truck which is a fixed asset is made partly by cash and the current liabilities will not increase as the note signed for the remaining payment of the truck is due after 2 years thus it is a non current liability. The new current ratio will be,

Current Ratio - Transaction 2 = (54000 + 6000 -1000) / (30000 + 6000)

Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64

5 0

2 years ago

What Are the Differences Between Depository and Non-Depository Institutions? The financial services industry in the United State

Burka [1]

Answer:

1. Accept deposits;make loan;deposits.

2. Commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.

Explanation:

Depository institutions are required to accept deposits and make loans although the general terms used to describe these financial products may vary across the various types of institutions. Non-depository institutions, in contrast, accept cash contributions from their customers, but the cash inflows are not called deposits instead, they're called shares or premiums.

Depository institutions include commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.

Non-depository financial institutions include mortgage banks, pension funds, insurance companies, mutual fund, securities firms etc.

3 0

3 years ago

In exchange for a share of the revenues earned on campus, State U has granted CheapFizz the exclusive right to sell soft drinks

evablogger [386]

Answer:

The correct answer is option D.

Explanation:

The price of a 12 ounce can of CheapFizz is 75 cents.

After a deal with State U, CheapFizz gets exclusive rights to sell soft drink on the campus.

This makes CheapFizz a monopoly firm.

A monopoly firm is a price maker and produces at the point where the marginal cost is equal to marginal revenue. At this point the output level is lower than socially optimal and the price level is higher than socially optimal.

This means that the price of CheapFizz cans will be more than 75 cents after the deal.

5 0

3 years ago