Answer:
$3200
Explanation:
The depreciation expense under the conventional straight line depreciation will be calculated using the following formula:
Straight-line Depreciation = (Cost - Scrap Value) / Useful Life
The useful life here is 5 years, cost is $24000 and scrap value is $0 which can be calculated using the following formula:
Straight-line Depreciation = ($24,000 - 0) / 5 Years = $4800 per year
This is for a year and we need for the year end 31 December, 2019 for eight months.
The per month depreciation charge = $4800 / 12 = $400 per month
For 8 months = $400 * 8 months = $3200
Answer:
Make to order (MTO)
Explanation:
A Make to order (MTO) can be defined as a manufacturing technique which typically involves the production of goods only when an order has been placed by a customer. Thus, no product would be manufactured under this production technique or approach until a confirm order is received.
In the Make to order (MTO) manufacturing environment, order acceptance occurs before the production lead time.
Answer:
D. $6800
Explanation:
Annual demand = 600 × 50 weeks = 30,000 bottles
Carrying cost or holding cost = $50 × 40% = $20
The economic order quantity = 500 bottles
The number of orders would be equal to
= Annual demand ÷ economic order quantity
= 30,000 ÷ 500
= 60 orders
The average inventory would equal to
= Economic order quantity ÷ 2
= 500 bottles ÷ 2
= 250 bottles
The total cost of ordering cost and carrying cost equals to
Ordering cost = Number of orders × ordering cost per order
= 60 orders × $30
= $1,800
Carrying cost = average inventory × carrying cost per unit
= 250 bottles × $20
= $5,000
So, the total would be
= $5,000 + $1,800
= $6,800
Answer:
C) situation analysis
Explanation:
Situation Analysis are methods used by managers to evaluate their internal and external environment to understand challenges faced by the business, and opportunities to exploit.
At Squeaky Clean was a situation analysis was done and it was discovered that high turnover of wash attendants was affecting customer confidence in their business (internal environment).
Also a competitor had an additional service, that is frequent cleaner card (external environment).
The management will use this information to better serve their customers, so that they would achieve their goal of increasing its repeat customers by 30% over the next year.
Answer: Option A
Explanation: Any person can become a principal having sufficient business but in order to become an agent of the principal one needs to have the capacity to contract on behalf of the principal.
In a principal agent relationship, the principal bounds the agent to act on his behalf. So, there is no legal contracts to become a principal but the acts of agent are legally bound to a certain extent.
Hence, option A is correct.
