A "direct response" social media advertisement offers a 50% discount at your restaurant for one of two people dining

The three activities in an information system that produce the information organizations use to control operations are:

mixas84 [53]

Answer:

The three activities are; Input, Processing, and Output.

Explanation:

Input, processing, and output are the three activities in an information system that produce the information an organization needs. Input captures or collects raw data from within the organization or from its external environment.

Processing converts this raw input into a meaningful form.

Output transfers the processed information to the people who will use it or to the activities for which it will be used.

7 0

3 years ago

Read 2 more answers

Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6]Mulligan Manufacturing Company uses a job order cos

KiRa [710]

Answer:

For Case 1:

Manufacturing overhead applied = 27,000

Total current manufacturing costs = 60,000

Cost of goods manufactured = 64,000

Cost of goods sold = 61,100

For Case 2:

Direct labor = 7,667

Direct material used = 8,333

Beginning work in process inventory = 26,400

Ending finished goods inventory = 15,000

For Case 3:

Direct labor = 5,760

Manufacturing overhead applied = 8,640

Ending work in process inventory = 10,499

Beginning finished goods inventory = 16,199

Explanation:

Note: The data in the question are merged together. The data are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

Also note: See the attached excel file for the table with the computed figure in bold red color.

In the attached excel file, the following calculations are employed:

For Case 1:

Since overhead applied to products at a rate of 150 percent of direct labor cost, we have:

Manufacturing overhead applied = Direct labor * 150% = 18,000 * 150% = 27,000

Total current manufacturing costs = Direct material used + Direct labor + Manufacturing overhead applied = 15,000 + 18,000 + 27,000 = 60,000

Cost of goods manufactured = Total current manufacturing costs + Beginning work in process inventory - Ending work in process inventory = 60,000 + 9,900 - 5,900 = 64,000

Cost of goods sold = Cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory = 64,000 + 4,700 - 7,600 = 61,100

For Case 2:

Since overhead applied to products at a rate of 150 percent of direct labor cost, we have:

Direct labor = (Manufacturing overhead applied / 150%) * 100% = (11,500 / 150%) * 100% = 7,667

Direct material used = Total current manufacturing costs - Manufacturing overhead applied - Direct labor = 27,500 - 11,500 - 7,667 = 8,333

Beginning work in process inventory = Cost of goods manufactured + Ending work in process inventory - Total current manufacturing costs = 44,000 + 9,900 - 27,500 = 26,400

Ending finished goods inventory = Cost of goods manufactured + Beginning finished goods inventory - Cost of goods sold = 44,000 + 12,000 – 41,000 = 15,000

For Case 3:

Since overhead applied to products at a rate of 150 percent of direct labor cost, we can let:

Direct labor = x

Therefore, we have:

Manufacturing overhead applied = x * 150%

Since,

Total current manufacturing costs = Direct material used + Direct labor + Manufacturing overhead applied ……………………….. (1)

Where;

Total current manufacturing costs = 28,500

Direct material used = 14,100

We can therefore substitute the relevant values into equation (1) and solve for x as follows:

28,500 = 14,100 + x + 1.5x

28,500 - 14,100 = 2.5x

14,400 = 2.5x

x = 14,400 / 2.5

x = 5,760

Therefore;

Direct labor = x = 5,760

and

Manufacturing overhead applied = x * 150% = 5,760 * 150% = 8,640

Ending work in process inventory = Total current manufacturing costs + Beginning work in process inventory - Cost of goods manufactured = 28,500 + 8,000 - 26,001 = 10,499

Beginning finished goods inventory = Cost of goods sold + Ending finished goods inventory - Cost of goods manufactured = 36,000 + 6,200 - 26,001 = 16,199

Download xlsx

xlsx

pdf

4 0

3 years ago

If Ben and the HR managers do nothing about the promotion opportunities in the organization, employee satisfaction is likely to

Andru [333]

Answer:

Employee satisfaction is likely to be lower

Explanation:

Promotion opportunities are an important form of reward inside an organization. If there are no promotion opportunities in place, this means that employee satisfaction will likely be lower, because there one incentive less to work hard: the incentive of being promoted.

3 0

3 years ago

_______ is a system for managing demand-dependent inventories that minimizes the inventory holdings of the firm at any given tim

vlabodo [156]

Answer: "A. Just-in-time inventory" is a system for managing demand-dependent inventories that minimizes the inventory holdings of the firm at any given time.

Explanation: The Just in time system is an inventory maintenance policy at the lowest possible level where suppliers deliver just what is necessary at the time necessary to complete the production process. In this way, we seek to reduce the costs of maintaining higher inventories, purchasing costs, financing of purchases and storage.

3 0

4 years ago

The Brown Jug has paid annual dividends of $0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years, respectively.

Vera_Pavlovna [14]

Answer:

Option (d) 9.59%

Explanation:

Data provided in the question:

Annual dividends paid by the Brown jug

$0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years

Now,

Present value = $0.61

Future value = $0.88

Time = 4 years [as there is no interest for the year 1]

Now,

Future value = Present value × (1 + r )ⁿ

here,

r is the geometric average dividend growth rate

$0.88 = $0.61 × (1 + r )⁴

or

(1 + r )⁵ = 1.4426

or

1 + r = 1.0959

or

r = 0.0959

or

r = 0.0959 × 100% = 9.59%

Hence,

Option (d) 9.59%

6 0

4 years ago