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Wewaii [24]
3 years ago
13

An economy consists of three workers: Brian, Edison, and Kevin. Each works 10 hours a day and can produce two services: mowing l

awns and washing cars. In an hour, Brian can either mow 2 lawns or wash 1 car; Edison can either mow 1 lawn or wash 1 car; and Kevin can either mow 1 lawn or wash 2 cars.
For each of the scenarios listed below, determine how many lawns will be mowed and how many cars will be washed per day.

a. All three spend all their time mowing lawns. (A)
b. All three spend all their time washing cars. (B)
c. All three spend half their time on each activity. (C)
d. Tim spends half his time on each activity, while Brian only washes cars and Edison only mows lawns. (D)
Business
1 answer:
Neko [114]3 years ago
6 0

Answer:

Brian can mow 2 lawns or wash 1 car in an hour. Edison can do one of each and Kevin can mow 1 lawn or wash 2 cars.

a. All three send their time mowing lawns:

= (2 * 10) + (1 * 10) + (1 * 10)

= 40 lawns

No cars washed.

b. All three spend all their time washing cars.

No lawns.

Cars washed = (1 * 10) + (1 * 10) + (2 * 10)

= 40 cars washed

c. All three spend half their time on each activity.

Half their time = 5 hours.

Lawns mowed = (2 * 5) + (1 * 5) + (1 * 5)

= 20 lawns mowed

Cars washed = (1 * 5) + (1 * 5) + (2 * 5)

= 20 cars washed

d. Kevin spends half his time on each activity, while Brian only washes cars and Edison only mows lawns. (D)

Lawns mowed = (1 * 5) + (1 * 10)

= 15 lawns mowed

Cars washed = (2 * 5) + (1 * 10)

= 20 cars washed

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Thornton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory pur
anastassius [24]

Question Completion:

Inventory Purchases Budget     January   February    March      April

Budgeted cost of goods sold  $ 60,000  $ 64,000  $ 70,000  $79,000

Plus: Desired ending inventory    6,400

Inventory needed                       66,400

Less: Beginning inventory           9,000

Purchases (on account)         $ 57,400

Answer:

Thornton Company

a) Inventory Purchases Budget     January   February    March   Total

Budgeted cost of goods sold    $ 60,000  $ 64,000  $ 70,000 $ 194,000

Plus: Desired ending inventory      6,400        7,000        7,900        7,900

Inventory needed                         66,400       71,000      77,900  

Less: Beginning inventory             9,000         6,400       7,000

Purchases (on account)           $ 57,400    $ 64,600  $ 70,900

b) Cost of goods sold for first quarter = $194,000

c) Ending Inventory at the end of first quarter = $7,900

Explanation:

Data and Calculations:

April's budgeted cost of goods sold = $79,000

Inventory Purchases Budget     January   February    March      April

Budgeted cost of goods sold  $ 60,000  $ 64,000  $ 70,000  $79,000

Plus: Desired ending inventory    6,400        7,000        7,900

Inventory needed                       66,400       71,000      77,900

Less: Beginning inventory           9,000         6,400       7,000

Purchases (on account)         $ 57,400    $ 64,600  $ 70,900

Cost of goods sold for the first quarter = $194,000 (60,000 + 64,000 + 70,000)

Ending Inventory at the end of the first quarter = 10% of $79,000 = $7,900

4 0
3 years ago
I will mark you as brainliest!
Shalnov [3]

Answer:

A. Product and Promotion development

Explanation:

8 0
3 years ago
Rollins Corporation is estimating its WACC. Its target capital structure is 20% debt, 20% preferred stock, and 60% common equity
katrin2010 [14]

Answer:

A. What is the company's cost of preferred equity?

  • 8.42%

B. What is the company's cost of common equity?

  • 11.45%

C. What is the company's WACC?

  • 9.31%

Explanation:

20% debt ⇒ after tax cost of debt 3.76%

20% preferred stock ⇒ 8.42%

60% common equity ⇒ 11.45%

in order to determine the after tax cost of debt we must first determine the yield to maturity of debt:

approximate YTM = {37.5 +[(1,000 - 1,150.78)/40]} / [(1,000 + 1,150.78)/2] = 33.7305 / 1,075.39 = 3.3166% x 2 = 6.2732%

after tax cost of debt = 6.2732% x 0.6 = 3.76%

cost of preferred stocks = 8 / (100 x 0.95) = 8 / 95 = 8.42%

cost of equity (Re) = 2.45% + (1.8 x 5%) = 2.45% + 9% = 11.45%

WACC = (60% x 11.45%) + (20% x 8.42%) + (20% x 3.76%) = 6.87% + 1.684% + 0.752% = 9.306% = 9.31%

3 0
4 years ago
Gadget Twin Inc. has an expected net operating profit after taxes, EBIT(I-T), 12,600 million in the coming year. In addition, th
lina2011 [118]

Answer:

$10,670 million

Explanation:

The computation of the free cash flow is shown below:

= EBIT × (1 -Tax Rate) + Depreciation & Amortization - Change in Net operating Working Capital - net capital Expenditure.

= $12,600 million - $0 - $1,890 million - $40 million

= $10,670 million

We simply deduct the increase in net operating capital and the net capital expenditure from the EBIT after tax so that the accurate amount can come

All other information which is given is not relevant. Hence, ignored it

8 0
4 years ago
What is the difference between a supply chain and supply chain management?
Elodia [21]

Answer:

A supply chain is the system put in place to move a good or service, from a provider, to the final customer.

Supply chain management is the process of managing the supply chain.

Five key issues in supply chain management:

  • Upstream supply management: upstream supply refers to the acquisition of raw materials. Management has to find reliable upstream suppliers that offer a good balance between quality and price. For example, a paper-producing firm has to find a good timber and pulp company to operate.
  • Downstream supply management: downstream supply refers to the movement of fininished goods and services, to the final customer. Many companies contract a third party to complete this process, and it is of the utmost importance because customer satisfaction largely depends on it. For example, Amazon contracts UPS to complete deliveries in a timely manner.
  • Warehouse management: depending on the size of the business, inventory can be stored in a small room or in very large warehouses. Organizing inventory, and more important, deciding when to buy inventory, and when to dispose of it, are a key part of a business strategy. Amazon is known for its innovative warehouse management, which includes the use of hundreds of human employees and robots.
  • Product development: if a firm is new in the market, it has to provide a product or service, and product development is the first stage, before the company can move on to supply chain management. Companies already in the market should also try to develop new products and services to stay competitive. Amazon again, is well known for product development, offering new goods and services each year.
  • Outsourcing: sometimes it more efficient for a company to move production abroad. Studying the foreign market, and projecting future costs is crucial before deciding to outsource. Apple does not manufacture the iphone in the United States, instead, outsources this process to Asian countries were wages are lower.

7 0
4 years ago
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