Answer:
$375,000
Explanation:
The computation of the depletion expense for the first year is shown below:
= Total cost of a copper mine ÷ expected number of tons produced × extracted tons in the first year
= $3,000,000 ÷ 6,000,000 tons × 750,000 tons
= $375,000
We simply applied the above formula so that the depletion expense could come for the first year
Answer:
b. The key to mass customization is postponement.
Explanation:
In many mass markets, companies are facing a predicament. On the one hand, customers are demanding that their orders be fulfilled ever more quickly. On the other hand, they are demanding highly customized products and services. Even without trying to customize their products, most companies have found it difficult to fulfill orders swiftly and at an acceptable cost. Is it possible, then, to mass-customize products, deliver them rapidly, and at the same time reduce costs?
The KEY TO MASS CUSTOMIZING EFFECTIVELY IS POSTPONING the task of differentiating a product for a specific customer until the latest possible point in the supply network (a company’s supply, manufacturing, and distribution chain). Instead of taking a piecemeal approach, companies must rethink and integrate the designs of their products, the processes used to make and deliver those products, and the configuration of the entire supply network. By adopting such a comprehensive approach, companies can operate at maximum efficiency and quickly meet customers’ orders with a minimum amount of inventory.
Answer: 2.90 years.
Explanation:
Payback period is the amount of time that it will take a project to pay back or recuperate the initial investment in the project.
This project is making $8,600 a year and had an initial investment of $25,000.
The Payback period is;
= Investment / Annual Cashflow
= 25,000 / 8,600
= 2.90 years.
Answer:
Expenses that are stable and do not change with the quantity of products that is produced and sold
Explanation:
Fixed cost refers to cost that do not change with the level of output. They are otherwise known as overheads or indirect costs and are expenses that are not dependent on the out level of produce by the business.
In addition, fixed cost are also cost that has to be incurred by the business independent of business activities.
Examples of fixed costs are rent, cost of business , loan payments, insurance premiums, salaries etc. All these do not vary with the level or number of units produced or sold.
The answer in the space provided is seventy five to eighty five percent because this is only the likely percentage that the organization strive because this extends to their capabilities and that this occurs at
the first level of support in less than an hour when they undergone through
this process.
