The middle of supply chain information systems (SCIS) framework is which of the following?a. Enterprise resource planning.
b. Enterprise planning and monitoring.
c. Enterprise integration and administration.
d. Financial operations and reporting.

Answers

Answer 1
Answer:

Answer:

The correct answer is letter "B": Enterprise planning and monitoring.

Explanation:

Information Systems impact the Supply Chain at planning and monitoring stages. Information Systems allow managers to analyze information about the flow of the supply chain and allows them to spot where improvement is necessary. Besides, it allows tracking production to maximize it. Decisions can be made upon the feed Information Systems provide.


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Sprint allocates general plant management costs on the basis of the number of production employees and plant security costs on the basis of space occupied by the production departments. In November, the following overhead costs were recorded: Melting Department direct overhead $110,000 Molding Department direct overhead 400,000 General plant management 100,000 Plant security 50,000 Other pertinent data follow: Melting Molding Number of employees 35 40 Space occupied (square feet) 10,000 20,000 Machine hours 10,000 2,000 Direct labor hours 4,000 20,000 Required:a. Prepare a schedule allocating general plant management costs and plant security costs to the Melting and Molding Departments.b. Determine the total departmental overhead costs for the Melting and Molding Departments.
Next Generation's predetermined overhead rate is $16 per direct labor-hour and its direct labor wage rate is $11 per hour. Job #1987 used $1,202 of direct materials and $5,500 of direct labor. Question: If Job #1987 consists of 100 units, what is the average cost assigned to each unit included in the job?
Exercise 8-14 Bank reconciliation LO P3 Wright Company's cash account shows a $30,500 debit balance and its bank statement shows $28,800 on deposit at the close of business on May 31. The May 31 bank statement lists $250 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $7,100. May 31 cash receipts of $7,700 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $550 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $300 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information.
A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to record the transaction?

Faux Trees Company produces artificial Christmas trees. A local shopping mall recently made a special order offer; the shopping mall would like to purchase 230 extra-large white trees. Faux Trees Company is currently producing and selling 20,000 trees; the company has the excess capacity to handle this special order. The shopping mall has offered to pay $160 for each tree. An accountant at Faux Trees Company provides an estimate of the unit product cost as follows This special order would require an investment of $5000 for the molds required for the extra-large trees. These molds would have no other purpose and would have no salvage value. The special order trees would also have an additional variable cost of $6.03 per unit associated with having a white tree. This special order would not have any effect on the company's other sales. If the special order is accepted, the company's operating income would increase (decrease) by

Answers

Answer:

operating income increase by 30,413 dollars

Explanation:

We will calculate the income as usuall revenues - expense

We aren't given with other manufacturing cost so we assume this are all the cost involved in the order:

Special Order Revenue: 230 trees at $160 each: 36,800

Special Order Cost:

mold cost:                                                 5,000

variable cost: 230 trees x 6.03 dollars = 1,387

Total cost for the order:                            6,387

Financial outcome:     36,800 - 6,387 =  30,413

Final answer:

The special order from the local shopping mall would increase the Faux Trees Company's operating income by $22,413.10.

Explanation:

To determine the change in the operating income due to this special order, we must first calculate the total revenue and total costs associated with the order. The total revenue can be calculated as the product of the offered price per tree ($160) and the number of trees ordered (230), which equals $36,800.

The total cost is the sum of the initial investment for the molds ($5000), plus the variable cost per tree ($6.03) multiplied by the number of trees (230), which equals $6386.90.

So, the change in operating income, or profit, due to this special order can be found by subtracting the total costs ($6386.90 + $5000) from the total revenue ($36800). In this case, the special order would increase the company's operating income by $22,413.10.

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Which of the following is a disadvantage of government provision of a public good? A. The private sector can provide all public goods at a lower cost. B. The government does not provide enough of any public good. C. The government lacks information about what people are willing to pay for the good. D. None of the above is a disadvantage.

Answers

Answer: Option (C) is correct.

Explanation:

Correct option: The government lacks information about what people are willing to pay for the good.

The government have less information about the willingness to pay of the consumers. So, this creates an obstacle for the government for a efficient provision of a public good.

So, the government have no clue about the minimum that a consumer can pay, this will lead to create problem for the government.

Government don't know to whom these public goods are to be provided.

Final answer:

A potential disadvantage of the government provision of public goods is that the government may lack clear information about what people are willing to pay for the good (C), which could lead to inefficiencies. This does not mean that private provision is always more efficient, especially in the case of essential public goods.

Explanation:

In response to your question about the disadvantage of government provision of a public good, option C indicates a potentially valid issue. This option suggests that government lacks information about what people are willing to pay for the good. Specifically, in some cases, private firms may provide services more efficiently than government because they have more capability to gauge market demand and adjust prices accordingly. However, for certain public goods like fire and police services, private provision might not be efficient or advantageous due to the nature of these services.

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The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. The owner then used multiple regression analysis to predict gross revenue (y), in thousands of dollars, as a function of television advertising (x1), in thousands of dollars, and newspaper advertising (x2), in thousands of dollars. The estimated regression equation was ŷ = 83.2 + 2.29x1 + 1.30x2. (a) What is the gross revenue (in dollars) expected for a week when $4,000 is spent on television advertising (x1 = 4) and $1,500 is spent on newspaper advertising (x2 = 1.5)? (Round your answer to the nearest dollar.)

Answers

Answer:

Y = 83.2 + 2.29x1  + 1.30x2

Y = 83.2 + 2.29(4) + 1.30(1.5)

Y = 83.2 + 9.16 + 1.95

Y = 94.31(thousand)

Y = $94,310

The gross revenue is $94,310

Explanation:

In this case, the estimated regression equation has been given.  Since x1 is $4,000 and x2 is $1,500, then, we will substitute these values for x1  and x2 in the equation. The addition of all values after the substitution gives the gross revenue.

On January 1, Year 1, Hanover Corporation issued bonds with a $57,750 face value, a stated rate of interest of 8%, and a 5-year term to maturity. The bonds were issued at 97. Hanover uses the straight-line method to amortize bond discounts and premiums. Interest is payable in cash on December 31 each year. The journal entry used to record the issuance of the bond and the receipt of cash would be:

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Answer:

January 1, Year 1    Cash                                         $56017.5 Dr

                                Discount on Bonds Payable   $1732.5 Dr

                                        Bonds Payable                         $57750 Cr

Explanation:

The value of bonds which are issued at par is denoted by 100. If the bonds are issued at anything above 100 denomination, this means that the bonds are issued at a premium and if the denoted figure is less than 100, like in this question it is 97, the bonds are issued at a discount.

The cash received on the issuance of this bond will be 97% of the face value of the bond and the 3% will be the discount on the issuance of these bonds.

Thus, the cash received is = 57750 * 97% = $56017.5

The discount on Bonds Payable = 57750 - 56017.5 = $1732.5

The journal entry to record the bond issuance and the receipt of cash would be:

Date                 Account title                             Debit              Credit

Year 1              Cash                                         $56,017.5

                        Discount on Bonds Payable   $1, 732.5 Dr

                        Bonds Payable                                                $57, 750 Cr

How to make the journal entry?

Since the bonds were issued at 97, this means they were issued at a discount. The discount on bonds payable is the difference between the face value and the issue price.

Issue Price = $57,750 x 97%

= $56,017.50

Bond Discount = $57,750 - $56,017.50

= $1,732.50

The journal entry to record the issuance of the bonds on January 1, Year 1, would include:

Debit Cash for the amount received ($56,017.50).

Debit Discount on Bonds Payable for the discount amount ($1,732.50).

Credit Bonds Payable for the face value of the bonds ($57,750).

This entry reflects the receipt of cash and the creation of a liability for the face value of the bonds. The discount account represents the additional interest expense that will be recognized over the life of the bonds.

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In 1998, the Russian government defaulted on its bonds. According to the open-economy macroeconomic model, this should have

Answers

Answer:

An increase in the net export and Russian interest rate.

Explanation: An open economy is an economy where all players which includes traders, investors and other stakeholders in the economy both within and outside the economy freely conduct their businesses and are controlled by market forces with minimal interference by Government agencies.

According to the open-economy macroeconomic model with the defaulting by the Russian government in 1998 will definitely lead to an increase in net export and an increase in Russian Interest rate.

Which of the following is an example of a middle manager?Teller at a bank
O Director of marketing
O Chief executive officer
O Salesperson in a retail store

Answers

The Director of marketing is an example of a middle manager. Thus, option B is correct.

Who is a manager?

A manager is a person who maintains the flow of the business, he is responsible for the smooth running of the business and coordinating between various departments. A manager tends to be the person who is delegating and is responsible for coordinating.

According to the hierarchical positions of the company, there are various positions that need to be filled like workers, staff, managers, executive managers, head of an office, CEO, etc.

From the given options, the middle manager will be the director of marketing the teller of the bank comes at a lower level, the chief executive officer will be at the top most level, and a salesperson will be at the lower middle level.  Therefore, option B is the correct option.

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Answer:

Director of marketing

Explanation:

I just got it right in a test