Desired inventory (units), August 31 9,000
Expected sales volume (units), August 75,000
For each unit produced, the direct materials requirements are as follows:
Material A ($5 per lb.) 3.0 lbs.
Material B ($18 per lb.) 0.5 lb.
The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is ______.
a.$1,170,000 for A; $702,000 for B
b.$1,080,000 for A; $1,296,000 for B
c.$1,080,000 for A; $648,000 for B
d.$1,125,000 for A; $675,000 for B
Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct
Answer:
The correct answer is letter "B": flextime plan.
Explanation:
A flextime plan consists in linking production hours with the availability of the individuals involved in a project or work. The different timeframes of availability do not affect the operations' peak hours either the total amount of hours those individuals must work in day or week.
The flextime plan aims to provide individuals the flexibility to choose the working schedule that matches better with their personal activities which may increase their commitment to the firm and productivity.
Bags of Leaves Raked
Samantha
4
8
Adam
5
25
Samantha and Adam own a gardening business together. They each pull weeds from flower beds and rake up leaves for their neighbors. If each decides to specialize in what they are best at, Samantha will
a.weed and Adam will rake because these are the goods each has a comparative advantage in.
b.rake and Adam will weed because these are the goods each has a comparative advantage in.
c.weed and Adam will rake because these are the goods each has an absolute advantage in.
d.rake and Adam will weed because these are the goods each has an absolute advantage in.
Answer:
The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.
Explanation:
The opportunity formula comes handy in this case, which is given below:
opportunity cost formula=what one sacrifices/what one gains
If Samantha were to weed flower beds, opportunity cost is computed thus:
Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked
The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.
In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage
b. fair housing laws.
c. the Equal Opportunity Act.
d. RESPA
Answer:
fair housing laws
Explanation:
The Fair Housing Act refers to the act created to bring an end to unfair practices that involve all housing-related activities. The Law was formed with the perception that each person is entitled to rent a house, buy a home, or obtain a loan on a house without fear of discrimination because of their participation in the same class of individuals.
The Fair Housing law was developed to educate tenants, lenders, investors and tenants on the patterns of accommodation that can be considered unfair.Though, the real pioneering regulation has been the 1968 Fair Housing Act that was created one week since Martin Luther King Jr. was assassinated.
The seller could be sued for violating fair housing laws if they refuse to show a property to a minority. These laws specifically prevent discrimination in housing. The other provided options are related to housing, but in different contexts.
If a seller refuses to show a property to a minority, the seller could be sued for violating b. fair housing laws. These laws prohibit discrimination based on race, color, national origin, religion, sex, familial status, or disability in the sale, rental, or financing of housing. The other options mentioned (HUD, the Equal Opportunity Act, and RESPA) are connected to housing and discrimination but under different contexts. HUD (Department of Housing and Urban Development) implements and oversees the Fair Housing Act. The Equal Opportunity Act is broader and covers various forms of discrimination in multiple fields beyond housing. RESPA (Real Estate Settlement Procedures Act) deals with mortgage loans and closing procedures, but not necessarily discrimination.
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Answer:
D. deficit
Explanation:
A budget surplus is income left over during a budget period after all budget expenses have been paid.
A federal budget is the government's estimate of revenue and spending for each fiscal year.
A balanced budget is a budget in which revenues are equal to expenditures.
Answer:
D. deficit
Explanation:
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