What is the coordinating mechanism in a market system?

Accounts Receivable has a balance of $5,000, and the Allowance for Bad Debts has a credit balance of $420. The allowance method

ElenaW [278]

Answer:

Net realizable value of Accounts Receivable is $4,580

Explanation:

Balance in allowance for uncollectible account= Balance before write off - Account written off

=$420 - $140

=$280

Net realizable value of accounts receivable is:

Particular Amount

Accounts Receivable balance $5000

Less: Account written off $140

Balance after write off $4860

Less: Allowance for uncollectible

account from step 1 $280

Net realizable value $4,580

4 0

3 years ago

Which of the following best explains the implications of a vertical lras curve?

disa [49]

Answer:

Answer B

Explanation:

The idea behind long-run aggregate supply is that the output economy produces depends on its resources and available technologies. Prices in the long run have time to adjust and they do so at the level equal to the economy's potential output. At this full employment output, economy is facing with natural rate of unemployment.

3 0

3 years ago

Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components depa

katrin [286]

Answer:

Plantwide Overhead Rate $ 213.61 per hour

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211= $ 1153494

Total Cost per unit Model 145 696.29 Model 212 $406.56

Explanation:

Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

Process Activity Overhead Cost Driver Quantity

Components Changeover $ 459,500 Number of batches 810

$ 459,500/810= $567.28 per batch

Machining 301,600 Machine hours 7,680

301,600/ 7,680 = $ 39.27

Setups 227,500 Number of setups 80

227,500 /80=2843.75 per set up

$ 459,500 +301,600 +227,500 =$ 988,600

Finishing Welding $ 180,500 Welding hours 4,900

$ 180,500/ 4,900= $ 36.84 per welding hour

Inspecting 222,000 Number of inspections 815

222,000/815 = $ 272.39 per number of inspections

Rework 60,700 Rework orders 230

60,700 /230 = 263.91 per rework order

$ 180,500+ 222,000+ 60,700 =$ 463,200

Support Purchasing $ 135,500 Purchase orders 525

$ 135,500 / 525 = $ 258.10 per purchase order

Providing space 31,550 Number of units 4,800

31,550/4800= $ 6.57 per number of unit

Providing utilities 60,110 Number of units 4,800

60,110 / 4800= $ 12.53

$ 135,500+ 31,550+60,110 =$ 227,160

Additional production information concerning its two product lines follows.

Model 145 Model 212

Units produced 1,600 3,200

Welding hours 2,000 2,900

Batches 405 405

Number of inspections 485 330

Machine hours 2,280 5,400

Setups 40 40

Rework orders 130 100

Purchase orders 350 175

1)Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

Adding the Estimated Sub Totals we get

Total Estimated Overhead=$ 988,600 + $ 463,200 + $ 227,160

Total Estimated Overhead= $ 1678960

No of Machine Hours= 7860 (given)

Plantwide Overhead Rate =$ 1678960/7860= 213.608= $ 213.61 per hour

Overhead Cost Model 145=$ 213.61 per hour* 2,280 hours

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211=$ 213.61 per hour* 5400 hours= $ 1153494

2) Model 145 Model 212.

Direct Materials $ 130

Direct Labor $200

Overhead Costs $567.28* 405 $567.28*405

= 229784.4 = 229784.4

$ 39.27*2280 $ 39.27*5400

= 89535.6 =212058

2843.75*40 2843.75* 40

=113750 =113750

Subtotal 433070 555592.4

$ 36.84*2000 $ 36.84 *2900

=73680 i = 106836

$ 272.39* 485 $ 272.39* 330

=132109.5 ii = 89888.7

263.91*130 263.91 *100

=34308.3 iii =26391

Subtotal i+ii+iii= 240097.8 223115.7

$ 258.10*350 $ 258.10*175

=90335 i = 45167.5 a

$ 6.57 *1600 $ 6.57 *3200

= 10512 ii =21024 b

$ 12.53 *1600 $ 12.53 *3200

=20048 iii 40096 c

Subtotal i+ii+iii= 120895 a+b+c = 106287.5

Total Overhead 794062.8 884995.6

No of Units 1600 3200

Total Overhead Cost Per Unit 496.29 276.56

Direct Labor $200

Direct Materials $130

Total Cost per unit 696.29 $406.56

3 0

3 years ago

King and Cleland recommend that organizations carefully develop a written mission statement in order to reap which benefit? A.

Artist 52 [7]

Answer:

All the options are relevant

Explanation:

A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being.

A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. Every company should have a precise statement of purpose that gets people excited about what the company does and motivates them to become part of the organization. A mission statement should also define the company’s corporate strategy and is generally a couple of sentences in length.

6 0

3 years ago

A small pizza restaurant, founded and owned by the Martinelli sisters, would be expected to have which of the following? a.Low i

Marrrta [24]

Answer:

d.High inventory turnover and low gross margin

Explanation:

Inventory Turnover Ratio is ratio of 'cost of goods sold' to 'average inventory level'. Gross margin is the difference between net sales revenue & c.o.g.s

A small pizza restaurant, by Martinelli sisters, would be expected to have :

High Inventory Turnover : It reflects that inventory is quickly converted into liquid cash, & there is less average inventory level management. Both these aspects are applicable to the pizza restaurant
Low Gross Margin : Being a small restaurant, it is less likely to have competitive, high price charge advantage. So, the gross margins are expected to be low.

8 0

3 years ago