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lions [1.4K]
3 years ago
11

Eddy Jones Pottery produces serving bowls among other items. If they reengineer their automated equipment, a serving bowl can be

formed in just 1.5 min instead of 2.5 min. If Eddy Jones Pottery uses the reengineered equipment, how many more bowls could they produce in one 8-hr shift
Business
1 answer:
Ganezh [65]3 years ago
5 0

Answer and Explanation:

Old equipment=2.5 mins per serving bowl

New equipment=1.5 mins per serving bowl

With old equipment, in one hour Eddy Jones can produce 60/2.5= 24 serving bowls

With new equipment, in one hour Eddy Jones can produce 60/1.5= 40 serving bowls

With old equipment, in 8 hours Eddy Jones can produce 24*8=192 serving bowls

With new equipment, in 8 hours Eddy Jones can produce 40*8=320 serving bowls

Therefore in 8 hours with new equipment Eddy Jones will produce 320-192= 128 more serving bowls than with old equipment.

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A joint venture is an attractive way for a company to enter a new industry when: Group of answer choices it needs access to econ
oksian1 [2.3K]

Answer:

A joint venture is an attractive way for a company to enter a new industry when:

a firm is missing some essential skills or capabilities or resources and needs a partner to supply the missing expertise and competencies or fill the resource gaps.

Explanation:

A joint venture is the pooling of resources by two or more companies in order to execute a particular project.  Some of the advantages of entering into a joint venture with another company include: gaining new capacity and expertise, entering related businesses or new geographic markets, securing access to modern technology, increased access to resources - including expertise and technology.  Joint ventures last as long as the project for which it is set up lasts.  The arrangement does not call for the dissolution of the joint venturers.  Instead, their separate businesses would continue to run separately from the joint venture, which becomes a separate entity until the accomplishment of the task.

5 0
4 years ago
Tangshan Mining is considering issuing long-term debt. The debt would have a 30 year maturity and a 6 percent coupon rate and ma
Anon25 [30]

Answer:

After tax cost of debt is 4.85%

Explanation:

The starting to computing the after tax cost of debt is to calculate the yield to maturity on the bond .

The yield to maturity on the bond can be computed using the rate formula in excel.

=rate(nper,pmt,-pv,fv)

nper is the time to maturity of 30 years multiplied by 2 since the bond is paying interest on semi-annual basis

pmt is the semi-annual interest receivable by investor which 6.0%/2*$1000=$30

pv is the current market price :$1000*98% =$980 (100-2%),1% deducted for discount,1% for issue cost

fv is the face value of $1000

=rate(60,30,-980,1000)

rate=3.07%

The 3.07%  is the semi-annual YTM, whereas the annual YTM 3.07% *2=6.14%

After tax cost of debt=YTM*(1-0.21)

                                    =6.14%*(1-0.21)

                                   =4.85%

5 0
3 years ago
Wildhorse Corporation factors $266,800 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kat
Blababa [14]

Answer:

Denit Cash for $250,792; Debit Due from factors for $10,672; Debit Loss on Sale of receivables for $9,986; Credit Recourse liability for $4,650; and Credit Accounts receivable for $266,800.

Explanation:

The following are calculated first before preparing the journal entry:

Cash received = Factored amount * (100% - Finance charge percentage - Percentage reserved for probable adjustments) = $266,800 * (100% - 2% - 4%) = $250,792

Due from factors = Factored amount * Percentage reserved for probable adjustments = $266,800 * 4% = $10,672

Loss on Sale of receivables = (Factored amount * Finance charge percentage) + Fair value of recourse liability = ($266,800 * 2%) + $4,650 = $9,986

The journal entry will now appear as follows:

<u>Date                 Account Titles and Explanation    Debit ($)       Credit ($) </u>

15 Aug 2014     Cash                                                  250,792

                         Due from factors                                 10,672

                         Loss on Sale of receivables               9,986

                               Recourse liability                                                4,650

                               Accounts receivable                                      266,800

<u><em>                         (To record the sale of receivables.)                                       </em></u>

5 0
3 years ago
As brett prepares to open his new business, he has identified the tasks that need to be accomplished and has assigned employees
Brrunno [24]

The scenario above depicts of Bret illustrating a division of labor in which is in lined with how he was able to identify the tasks that are to be accomplished and those things that are to be assigned to each employees in each task.

8 0
3 years ago
Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock
FromTheMoon [43]

Answer: Please find answers in explanation column.

Explanation:

a. Journal to record The issuance of the bond

Date Account Titles  Debit              Credit  

Jan. 1 Cash               $618,000  

    9%  Bonds payable                             $600,000  

      Premium on Bonds payable             $18,000

Calculation

Cash = 600,000 x 103% =$618,000

   

b. The accrual of interest and the premium amortization on December 31, 2020

Date Account Titles     Debit             Credit  

Dec. 31 Interest expense    $53,100  

Premium on Bonds payable     $900  

       Interest payable                             $54,000

Calculation

Interest = 600,000 x 9% = $54,000

Premium on bonds = 18,000 /20 = $900

Interest expense=$54,000- $900=$53,100

c.Journal to record  The payment of interest on January 1, 2021.     Date Account Titles           Debit       Credit  

Jan. 1 Interest payable        54000  

                    Cash                                     54000  

d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.  

Date Account Titles and Explanation Debit      Credit  

Jan. 1, 2 Bonds payable                      $600,000  

       Cash                                                            $600,000

5 0
3 years ago
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