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3 years ago

The rule in Garner v. Murray deals with

Business

1 answer:

olga55 [171]3 years ago

7 0

Answer:

In the event of the insolvency of a partner any losses should be shared in the ratio of the last agreed capital balances before the dissolution took place. This is known as the Garner v Murray rule.

Explanation:

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Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing depar

olya-2409 [2.1K]

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.30.

Explanation:

a) Data and Calculations:

Units Materials Conversion

Beginning work in process 2,400 $ 14,500 $ 6,600

Percentage of completion

Beginning work in process 75% 20%

Started into production 11,100

Units in production 13,500

Completed and transferred 10,000

Ending work in process 3,500 90% 30%

Costs added during the month $173,600 $243,600

Total costs of production

Beginning work in process $ 14,500 $ 6,600

Costs added during the month 173,600 243,600

Total costs of production $188,100 $250,200

Equivalent units of production:

Completed and transferred 10,000 10,000 (100%) 10,000 (100%)

Ending work in process 3,500 3,150 (90%) 1,050 (30%)

Equivalent units of production 13,150 11,050

Cost per equivalent unit:

Total costs of production $188,100 $250,200

Equivalent units of production 13,150 11,050

Cost per equivalent unit $14.30 $22.64

5 0

3 years ago

Which of the following cannot be shown on a production possibilities graph?

choli [55]

I believe the answer is: <span>the allocation method

production possibilities graph could only include the factors that can be projected after doing combination of various products' production.
Allocation method only play role in the technique that can be used to produce the products and cannot be considered as data projection from the production

</span>

5 0

3 years ago

Read 2 more answers

"Discuss the financial and operational implications for airlines as they try to offer the newest technology services?"

Oksana_A [137]

Answer with Explanation:

The introducing of newest technology would definitely have financial and operational implications. These implications are given as under:

Financial implications

Cost Reduction: The operational costs would be reduced by investing in the newest technology which will make the cash flow position better with time.

Benefits Lost Risk: It is possible that the investment might not bring value to the company because of any emergent problems, whose mitigation requires incurring of additional costs.
Cost Advantage: The lower operational cost can drive higher sales because the company will be charging lower fare prices to its customer thus giving Cost Advantage.
Investing in newest technology might not bring value to the company because it is not attracting potential customers but it might pay off later in the form of developed customer loyalty.

Operational implications

Implementing a newest technology might improve the operational processes through which the customer go through, which would increase the customer satisfaction.
Implementation problems of newest technology.
Long term Customer retention will easy for the airline company due increased customer satisfaction.
Operational efficiencies related to services will process the customer fastly saving the companies precious time wasted in these process thus reducing the future human resource cost.
Using robots might bring adverse marketing because the people might think that the human resource are no more required and risks associated with the acceptance of technology due to cultural differences.
Better Security systems would increase the security level and safety levels for the customers.

7 0

3 years ago

A decision-maker faces the following decision under conditions of uncertainty. This decision-maker has $1 million in assets. Mos

denis-greek [22]

A- The net earnings of the individual in question will be $710000 after the individual's claim for loss by fire is settled by the insurance company. B- Yes, he would buy the insurance if he were risk neutral.

C- Yes, the individual will buy the insurance policy if he were a expected utility maximizer as he would want to claim complete settlement of this amount to be claimed in case of fire loss.

The expected net earnings from the insurance after deducting the amount from the premium paid and total claim endorsed by the insurance company will be $710000 which can be shown as below

$\rm Net\ earnings= claim\ received - premium\ of\ policy$

$\rm Net\ earnings= 750000-40000$

We get,

$\rm Net\ earnings= 710000$

If the individual were risk neutral he would like to take the insurance as the risk of fire in the example given above is 0.5 which is greater than zero and this ultimately implies that <u>risk cannot be taken.</u>

In the case if the individual is expected utility maximizer he would take the insurance as it would not only give him the claims from losses due to fire but also help him secure his house against beta of fire.

Hence, the correct answers will be A- $710000; B- Yes.; C- Yes. and imply that taking insurance will be a wise decision by the individual.

To know more about insurance policy , click the link below.

brainly.com/question/24984403

6 0

2 years ago

Read 2 more answers

In what product is colombia a world leader in legally exporting?

Margaret [11]

A colombia world leader is legally exporting coffee beans

5 0

3 years ago

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The rule in Garner v. Murray deals with​

The rule in Garner v. Murray deals with