Answer:
Chair unit cost: $ 49.72
Total cost for 675 chairs: $ 33,561
Explanation:
Direct Materials: $ 14.00
Direct Labor: 1.9 hours x $16 labor cost: $ 30.40
Overhead:
1.9 labor hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $ 5.32
Total unit cost: $ 49.72
Cost to produce 675 chairs:
675 charis x $ 49.72 per chair = $ 33,561
Answer: Option E
Explanation: Unhealthy company culture refers to negative environment within the organisation that affects all the members working in it. In simple words, it is the behavior of the organisation towards its various stake holders.
A hyper adaptive culture in an organisation depicts that the employees of the organisation have the ability to adjust in new situations, thus, the company could grab new opportunities better than others. This will result in competitive advantage to the company.
Hence, option D is an example of healthy company culture.
it on the signature line, however, you as the
signing agent are the one who fills out the ID
form, who should sign the Patriot Act form?
Since i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.
The Patriot Act/customer ID form is a form that help the government to fight the funding of terrorism and money laundering activities.
The Patriot Act/customer ID form is necessitated by the Federal law and its requires all financial institutions to obtain, verify, and record information that identifies every customer.
However, if the signature line on the Patriot Act has escrow officer's name printed on it on the signature line and i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.
Read more about Patriot Act form
The person who fills out the Patriot Act or customer ID forms, in this case the Signing Agent, should be the one to sign the form, even if the escrow officer's name is printed on the signature line.
In the context of processing Patriot Act or customer ID forms, the person who should be signing the form would typically be the individual who completed it, and can attest to the accuracy of the information therein. If you, as the Signing Agent, thoroughly completed the form, then you would sign it, even if the escrow officer's name is pre-printed on the signature line. The pre-printed name would likely indicate which the escrow officer is involved in the transaction, but it does not necessarily indicate who must sign the form. It's important too, however, to always follow your company's policies and any specific instructions given to you related to these forms.
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B)Using exponential smoothing with ? = 0.20, if the exponential forecast for week 3 was estimated as the average of the first two weeks [(315 + 415)/2 = 365], what would you forecast week 5 to be? (Round your answer to the nearest whole number.)
Week 1 315
Week 2 415
Week 3 615
Week 4 715
Answer: A. 582 ; B. 475
Explanation:
A. Three week moving average
three moving average requires us to take the last three weeks forecast in calculating the forecast for following week, to calculate week 5 forecast we will start from week 2 to week 4.
Week 2 = 415
Week 3 = 615
Week 4 = 715
Three week moving average = (WEEK 2 + Week 3 + Week 4)/N
Three week moving average = (415 + 615 + 715)/3
Three week moving average = 1745/3 = 581.6667 = 582
using three week moving average the forecast for week 5 is 582
B.Exponential smoothing
Exponential smoothing forecast for week 3 is 365, to calculate the forecast of week 5 we need to find a forecast for week 4 first using exponential smoothing
S = smoothing Factor = 0.2
D = most recent forecast (week 3) = 615
F = most recent forecast under exponential smoothing = 365
Forecast(week 4) = (D × S) + (F × (1 - S))
Forecast(week 4) = (615 × 0.20) + (365 × (1 - 0.20))
Forecast(week 4) = 123 + 292 = 415
The forecast for week 4 using exponential smoothing is 415
Week 5 forecast calculation
S = smoothing Factor = 0.2
D = most recent forecast (week 4) = 715
F = most recent forecast under exponential smoothing = 415
Forecast(week 5) = (D × S) + (F × (1 - S))
Forecast(week 5) = (715 × 0.20) + (415 - (1 - 0.20))
Forecast(week 5) = 143 + 332= 475
forecast for week 5 is 475
The forecast for the next week using a three-week moving average would be 448 items. Using exponential smoothing with a smoothing constant of 0.20, the forecast for week 5 would be 435 items.
To answer both parts of your question:
A) The three-week moving average is calculated by taking the average of the past 3 weeks, so for week 4, it would be the average of weeks 1, 2, and 3: [(315 + 415 + 615)/3 = 448]. Therefore, the forecast for week 4 using a three-week moving average would be 448 items, rounded to the nearest whole number.
B)Exponential smoothing requires the use of a smoothing constant, in this case, ? = 0.20, and the previous actual and forecasted values. Using the given exponential forecast for week 3 of 365, the forecasted demand for week 5 would be calculated as follows: Forecast = ? * Actual_previous + (1-?) * Forecast_previous = 0.20 * 715 + (1-0.20) * 365 = 435. Therefore, your week 5 forecast would be 435 items, rounded to the nearest whole number.
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Answer:
4.1 years
Explanation:
The payback period is the time it takes the project to recover the initial investment required to carry it out.
We are not given any information about the actual yearly revenues and costs, but you give the average net cash flow per year, so we can use that amount to calculate the payback period:
the payback period = total investment / net cash flow = $11,500,000 / $2,779,548 = 4.137 ≈ 4.1 years
Answer:
Please refer to the below for the retained earnings at each year end
Explanation:
Retained earnings refers to the earnings available to a business enterprise after the deduction or payment of dividend.
Retained earnings = Beginning balance + Net income for the year - Dividends paid
Year 1
Retained earnings = 0 + 1,200 - 500
= $700
Year 2
Retained earnings = 700 + 1700 - 500
= $1,900
Year 3
Retained earnings = 1,900 + 2,100 - 1,000
= $3,000
Year 4
Retained earnings = 3,000 + 3,200 - 1,000
= $5,200
Year 5
Retained earnings = 5,200 + 4,400 - 1,000
= $8,600
Answer:
Marketing mix.
Explanation:
Marketing mix is defined as a set of elements that make up marketing actions in an organization. According to Kotler, the purpose of the marketing mix is to help the company achieve its goals in the market by using a set of marketing tools.
There are several models developed to represent the marketing mix, but the most used by organizations is represented by four essential pillars for the development of any marketing strategy, which are the 4P's of marketing: product, price, place and promotion. For each variable there are distinct and relevant activities: