Synergy national bank issued a conventional loan that is eligible for purchase by Fannie Mae. When Fannie Mae purchase's the loan, what will Synergy national bank receive in return collect the fee's
Does Fannie Mae have anything to do with a conventional loan?A conventional mortgage loan is a "conforming" loan, which basically means it complies with Fannie Mae or Freddie Mac's standards. Mortgages are bought from lenders by government-sponsored companies Fannie Mae and Freddie Mac, who then sell them to investors.
To whom are loans sold to Fannie Mae?Fannie Mae is a GSE that buys mortgage loans from smaller banks or credit unions and backs or guarantees them on the mortgage market for borrowers with low to middle incomes.
Where can I locate any credits offered by the seller under the loan estimate?A: The Loan Estimate discloses seller credits as follows: The Calculating Cash to Close table includes information on general seller credits.
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liang has been a loyal customer of her hair salon for years—just like most of the other patrons. she believes that her stylist, the salon owner, is the best in the business. not only does the salon provide excellent beauty services, it also features an exceptional, talented staff that always puts the customer first. furthermore, the salon, which is right in the heart of town, is easily accessible. liang’s salon has earned
Since Liang has been a loyal customer of her hair salon for years because she believes that her stylist & salon owner is the best, hence, Liang’s salon has earned a sustainable competitive advantage.
What is a competitive advantage?In economics, a competitive advantage refers to those factors that allow a company to produce services (in this case) better cheaply than its rivals. The factors here allow the productive entity to generate more sales or superior margins compared to its market rivals.
The competitive advantage is what makes an entity's products or services more desirable to customers than that of any other rival. It can also means the company's ability to produce something more efficiently than a rival which leads to greater profit margins.
That said, the competitive advantages are mostly attributed to a variety of factors such as a cost structure, branding, the quality of product offerings, the distribution network, intellectual property, customer service, customer loyalty etc.
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mookie the beagle concierge makes a payment on the visa credit card on 01/31/2023 in the amount of $800. what is the balance of the visa credit card account
The balance of the Visa Credit Card account on January 31, 2023, is $800.
What is the credit card balance?The credit card balance is the amount the cardholder owes the credit card issuer to borrow money to pay for purchases.
Credit cards offer cover to borrowers to pay for purchases without spending their personal cash. The card issuer finances the charges made on the credit card, based on established limits, in lieu of finance charges.
The credit card balance is usually made up of the net of total charges (purchases), payments, and finance charges.
For instance, Mookie's credit card charge was made on January 31, 2023. At this date, there are no other charges to the card and no repayments have been made. There will be no finance charge on this date until the next.
Thus, the expected balance on Mookie's credit card is $800 at the end of January 2023.
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Describe a real or made up but realistic example of unearned income that you or someone you know has
received. (1-2 sentences)
The term unearned income refers to any income that is not acquired through work.
What is unearned income?Henry George first used the phrase "unearned income" to describe money derived by holding monopolies such as land. The phrase is increasingly frequently used to describe income through property ownership (also known as property income), inheritance, pensions, and payments from public assistance.Investment-type income, such as taxable interest, regular dividends, and capital gain distributions, is categorized as unearned income. In addition, it covers taxable social security benefits, unemployment benefits, pensions, annuities, debt forgiveness, and distributions of unearned income from trusts.Other types of unearned income include pensions, annuities, and retirement plans like 401(k)s.Inheritances.Alimony.Gifts.A lottery win.Benefits from Veterans Affairs (VA).Benefits from social security.Social assistance.Unearned earnings Income that is not earned includes dividends and interest.To more learn about Unearned Income refers to:
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data are market research data that are collected, packaged, and sold to many different firms. multiple choice government standardized syndicated open-source
Syndicated data is market research information that has been gathered, packaged, and sold to numerous firms. So, C is the correct option.
The process of evaluating the viability of a new service or product through research done directly with potential customers is known as market research, also known as "marketing research." Market research enables a business to identify the target market and obtain consumer opinions and other feedback regarding their interest in the good or service that is sold to firms. This kind of research can be carried out internally, by the business itself, or by an outside market research firm. Surveys, product testing, and focus groups are all viable methods.
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A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, then who is NOT liable?
the employee who handled the job
the board of directors of the corporation
the corporation
none of the partners
If the sole proprietorship is a corporation and its employee poisons the cake, then the employee who handled the job is not liable.
So, the correct option is A.
Due to the fact that he completed the entire task, the sole proprietorship's employee is likewise accountable. A firm was hired by a wedding party to cater their event. The sole proprietorship in this instance is a partnership, and the worker who completed the task is a partner. A solo proprietorship is run and owned by one individual. All choices and actions made by the owner directly affect the operation of the company.
The business owner could hire employees to help in running the business. The employees do not become business partners; they remain employees. The owner is thought to be responsible for any business-related debts. The only proprietor in this marriage is completely accountable for his assistant's errors.
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Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. What happens to the present value of this gift if you speed up your graduation by one year and graduate two years from now?.
Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. The present value of this gift will increase even if you speed up your graduation by one year and graduate two years from now
The time value of money is the foundation for present value. The value of money obtained today exceeds that of money received tomorrow. Therefore, money received in two years would be worth more and have a increased present value than money received in three years because of this.
The formula of Present value is:
FV=PV * (1+r)∧t
FV=future value of the investment,
PV= present value,
r = stated interest rate,
t = time in years
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Which of the following is an engagement metric?
Product stickiness, client engagement score, and client churn charge are the 3 important engagement metrics.
This client engagement metric measures what number of pages of your internet site a person clicks thru to inside an unmarried visit an excessive web page-per-consultation charge is typically an illustration that site visitors locate your content material helpful, authoritative, and engaging.
Pageviews, sessions, and users are the maximum not unusual place metrics used to suggest visitors in your internet site. Pageviews are the maximum simple of all person engagement metrics, measuring an example of a person touring a selected web page in your internet site.
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carmen camry operates a consulting firm called help today, which began operations on december 1. on december 31, the company’s records show the following selected accounts and amounts for the month of december. cash$ 25,360c. camry, withdrawals$ 6,000 accounts receivable22,360consulting revenue27,000 office supplies5,250rent expense9,550 office equipment20,000salaries expense5,600 land44,000telephone expense860 accounts payable10,500miscellaneous expenses520 c. camry, capital102,000
1. The income statement for Carmen Camry's Consulting Firm is as follows:
Carmen Camry's Consulting Firm
Income StatementFor December 31
Consulting revenue $27,000
Rent expense $9,550
Salaries expense 5,600
Telephone expense 860
Miscellaneous expenses 520 $16,530
Net income $10,470
2. The balance sheet for Carmen Camry's Consulting Firm is as follows:
Carmen Camry's Consulting Firm
Balance SheetAt December 31
AssetsCash $25,360
Accounts receivable 22,360
Office supplies 5,250
Office equipment 20,000
Land 44,000
Total assets $116,970
Liabilities and EquityAccounts payable $10,500
C. Camry, capital 102,000
Net income 10,470
C. Camry, Withdrawals (6,000)
Total liabilities & equity $116,970
What is the income statement?The income statement is the financial statement that shows the difference between the total revenue and the total costs or expenses.
The difference produced is called net income or loss.
What is the balance sheet?The balance sheet is the financial statement that summarizes the assets and liabilities with the difference in the equity.
Thus, Carmen Camry Consulting firm produced a net income of $10,470 in December.
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Question Completion:Prepare the income statement and the balance sheet for December.
Do you think consumer should be expected to take into account the ethical track record of companies when making a purchase why or why not
Businesses have an ethical duty to the people who use their products and services. Businesses that practice socially responsible business act in their consumers' best interests.
Briefing:-Profit, customer satisfaction, and societal well-being are all valued equally by businesses in how business is conducted.
Customers care about ethical products, but how much?More than 84 percent of poll participants stated that they would be prepared to forgo convenience (such as slower delivery) in exchange for a good if they knew it had been manufactured or obtained ethically.
Why is studying consumer ethics important?Researching consumer ethics is essential to completely comprehending the forces that shape consumer behavior.
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what is the value today of a money machine that will pay $3,012.00 per year for 11.00 years? assume the first payment is made 4.00 years from today and the interest rate is 8.00%.
The term "perpetuity" describes a sum of money that is either received or paid on an ongoing basis for an indefinite amount of time. The payments are made perpetually.
Equal payments or payments that increase at a certain rate can be included in a perpetuity.
P4=P/R
What is a perpetuity, for instance?
A perpetuity is a kind of annuity in which the payments never stop. Depending on its nature, it could have a fixed or rising payment schedule. For instance, a rental property will provide you with a set sum each month. A government bond, on the other hand, will yield a growing sum with time after each period.
How are perpetuities implemented?
A perpetuity is the total of an ongoing, regular succession of set payments. The worth of all those payments made in the future as of now. Some individuals describe a perpetuity as a type of annuity (as opposed to the specific insurance contract).
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along with several other members of the upper management team, you’ve just completed an assessment of your organization’s manufacturing plant. to meet demand for product, the group has determined that the plant must operate at a minimum of 75% capacity for at least 250 working days each year with no more than a total of 50 hours of down time due to accidents or other disruptions. the plant must produce 20,000 parts annually, with a cap of 2.5% of parts rejected after inspection. what approach should your team use to measure effectiveness of plant operations?
The approach your team should use to measure the effectiveness of plant operations is the Goal approach. Option A
This is further explained below.
What is the GOAL-Fulfillment APPROACH?Generally, In this situation, the strategy of target achievement has to be used. According to the GOAL-Fulfillment APPROACH, the health of an organization should be evaluated based on whether or not it has successfully completed the objectives it set for itself (its authoritative goals).
In conclusion, Examples of authoritative objectives include achieving specific quality outcomes, reaching specific benefit targets, and growing a proportion of the total industry.
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CQ
Along with several other members of the upper management team, you’ve just completed an assessment of your organization’s manufacturing plant. To meet the demand for the product, the group has determined that the plant must operate at a minimum of 75% capacity for at least 250 working days each year with no more than a total of 50 hours of downtime due to accidents or other disruptions. The plant must produce 20,000 parts annually, with a cap of 2.5% of parts rejected after inspection. What approach should your team use to measure the effectiveness of plant operations?
a. Goal approach
b. Resource-based approach
c. Strategic constituents approach
d. Internal process approach
bob is from the united states. bob takes a transfer within his company to manage a manufacturing facility in india. while in his new assignment, bob tells others back in the united states that the management practices in india are faulty and not near as effective as those in the united states. bob is exhibiting a(n) .
A fundamental attitude known as ethnocentrism expresses the conviction that one's own ethnic group or culture is superior to that of other ethnic groups or civilizations, and that one's cultural norms may be universally applied.
What is an Ethnocentric Attitude?We fill positions around the world with people from our parent country because of the ethnocentric approach to recruitment. For instance, if we needed to fill an executive position in another nation, we could: Relocate one of our current workers who exists a citizen or permanent resident of our parent nation.
In this strategy, a company's national headquarters serves as the location of the leadership. Instead of in the country where activities are conducted, all decision-making and control are centralized there. At the local, operational level, there is hardly any autonomy.
Therefore, the correct answer is option E. ethnocentric attitude
The complete question is:
Bob is from the United States. Bob takes a transfer within his company to manage a manufacturing facility in India. While in his new assignment, Bob tells others back in the United States that the management practices in India are faulty and not near as effective as those in the United States. Bob is exhibiting a(n) _____.
A. geocentric attitude
B. polycentric attitude
C. power distance
D. individualism-collectivism
E. ethnocentric attitude
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stagflation can be defined as a combination of . economic migration and inflation economic aggregation and deflation economic aggregation and inflation economic stagnation and inflation
A combination of inflation and economic stagnation is known as stagflation.
A state of economic stagnation known as stagflation is characterized by inflation, high unemployment, and weak economic growth. Because attempting to address one of the issues can worsen another, economic officials find this combination exceptionally challenging to manage.
In 1965, when the UK economy was under pressure, British politician Iain Macleod coined the phrase "stagflation" in a speech before the House of Commons. He coined the phrase "stagflation scenario" to describe the results of inflation and stagnation combined.
It was once thought impossible to experience stagflation. It was excluded from their models by the dominant economic theories in academic and policy circles during the majority of the 20th century. In particular, macroeconomic policy was described in the Phillips Curve economic theory as a trade-off between unemployment and inflation, which emerged in the context of Keynesian economics.
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if the interest rate per year and the number of years involved remain the same, the total amount of interest earned on an investment will remain the same irrespective of the frequency of compounding.
False. The frequency of compounding, the annual interest rate, and the number of years involved all affect how much money is ultimately collected on an investment.
What is the compounding period's interest rate?
The yearly interest rate is raised to the number of compound periods minus one, and the starting principal amount is multiplied by both of these factors. The resulting value is subsequently deducted from the loan's entire original amount.
What distinguishes simple interest from compound interest?
Simple interest is often a predetermined percentage of the principle amount borrowed or lent paid or received over a specific time period. Borrowers are required to pay interest on interest in addition to principal since compound interest accrues and is added to the accrued interest from prior periods.
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jin graduated from college with a degree in zoology, or the study of animals. what company in the stem career cluster might be interested in hiring jin?
Jin has a degree in zoology, or the study of animals, from college, therefore a large aquarium hiring a marine scientist would be of interest to him.
What does zoology studies entail?Zoology is the study of animals, including their behavior, physiology, evolution, and interactions with one another and their surroundings. Zoologists also research the evolutionary history of animals and the effects of environmental change on animal survival.
Zoology is the study of animals, including their structure, embryology, evolution, classification, habits, and distribution, as well as how extant and living species interact with their surroundings. The word is derived from Ancient Greek.
What do zoologists actually do?For zoologists and wildlife biologists, the study topics include animals, other species, and their interactions with their habitats. Along with examining how humans affect wildlife and its ecosystems, they also research animal behavior. Along with that, they research how animals behave and look.
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Business owners and entrepreneurs have to make major decisions every single day that impact the well-being of their company and life—what decisions do you make on a daily basis that may have a huge impact on your life? Explain and discuss.
Business owners and entrepreneurs enterprise proprietors and entrepreneurs need to make important choices every single day that impact the well-being of their corporation and lifestyles.
The organization owner needs to approve the standards and strategies for hiring the ablest personnel. He should additionally make alternatives approximately job descriptions, employee roles, and responsibilities. additionally the agency owner has the very last say on topics that include compensation and advantages structures for his employees.
As a manager, many of your commercial enterprise decisions might also have an effect on personnel and customers. Your selections can affect a worker's getting to know and schooling, paintings-life-style stability, productiveness, fitness, and interplay with clients.
Reason-putting is the primary and essential step in making plans manner. goals are described at the organizational, branch, and man or woman level and are intended to be finished in the future in a specific term. An aim may be a quick-time period, mid-time period, or lengthy-time period.
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an unexpected increase in total spending will cause an increase in gdp multiple choice if prices are sticky. if prices are fully flexible. regardless of whether prices are sticky or fully flexible. only if prices are stuck in the long term.
If prices stagnate, an unexpected increase in overall spending will lead to an increase in GDP.
Gross domestic product is the market value of all final goods and services produced and sold by a country in a given period. Due to its complex and subjective nature, this measure is often revised before it is considered reliable
When calculating GDP using the expenditure approach, the components are consumption , investment, government spending, and imports and exports
Gross Domestic Product or GDP is the sum of all final goods and services produced within the geographical boundaries of a country during a given period (usually a year). is defined as
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the five generic competitive strategies are essentially derived from choices made about multiple choice question. marketing strategy and product placement in various competitive situations. geographic coverage and product mix. pricing strategy and profit margins. market coverage and the type of competitive advantage pursued.
Cost leadership, differentiation, and focus are the generic techniques that make up GCS. The two types of cost leadership and emphasis are then separated. A business may decide on a strategy to gain a competitive edge.
Market Coverage: Being present across a wide array of market segments.
Strategies for broad differentiation and overall low-cost providers
Coverage of the Market: Participation in a Limited Number of Market Segments
Focused strategies for differentiation and low costs
Value creation geared on cost reduction is the type of competitive advantage sought.
* Achieving Focused Low Cost and a Broad Low Cost Provider Strategy
Value creation based on differentiating features is the sought-after type of competitive advantage.
* Concentrated and broad differentiating strategies
Which of these serves as competitive strategy's goal?What we want Creating a competitive advantage in the market is the main goal of a competitive strategy. Porter's Five Forces Model is the main instrument for evaluating an organization's competitive position in the market.
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how does a first-mover firm’s ability to develop logistics and acquire raw material ahead of competitors impact success? more than one answer may be correct.
The key benefit of being first-move to market is brand material awareness. Even after rival businesses have entered the market, it not only fosters loyalty among current customers but also attracts new ones to a company's goods.
Having the ability to connect with customers early and leaving a lasting impression helps increase brand recognition and brand loyalty. first-move may be able to manage resources, for example, by establishing a high-value contract with important material suppliers, locating themselves in a tactical area, or acquiring exceptional personnel. When fast followers have enough resources and marketing power to overcome a first mover yet markets are slow to absorb the new product offering of a first mover.
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Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
The net income earned is $240
The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to a variety of things, such as taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.
1.
Dr. Account Receivable $5,760
Dr. Service charges $240
Cr. Service revenue $6,000
2.
Dr. Cash $5,760
Cr. Accounts receivable $5,760
Working Notes
Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.
Service revenue $6,000
Less: Credit card expenses $ (240)
Net income $5,760
Service charges = $6,000 x 4% = $240
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a fixed rate loan has a real interest rate of 3.0% and an expected inflation rate over the life of the loan of 1.0%. if over the life of the loan the actual inflation rate is 0.5%, the borrower is
The borrower will be worse off if actual inflation during the loan's life is 0.5%.
How is the real interest rate determined when inflation is anticipated?An interest rate that has been prorated for inflation is referred to as a "real interest rate. The nominal interest rate is subtracted from the inflation rate to arrive at the real interest rate. The real interest rate is equal to the nominal interest rate less the inflation rate, to put it mathematically.
How do you get the nominal interest rate using the real interest rate and inflation?The real interest rate, as opposed to the nominal rate, accounts for inflation. Nominal rate = real interest rate + inflation rate, or nominal rate - inflation rate = real interest rate, is a rough approximation of the relationship between nominal and real interest rates.
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oversight by large institutional investors or creditors is one mechanism to reduce agency problems. why don’t individual investors in the firm have the same incentive to keep an eye on management?
Individual investors in companies don't have the same incentive to oversee management as they don't have the reach to be able to do that. not enough to share power.
Incentives are special compensation provided by the company to employees, apart from their main salary, to help motivate or encourage these employees to be more active in their work and strive to continuously improve work performance in the company.
Basically, the provision of incentives is always associated with remuneration for extra achievements that exceed a predetermined standard and have been mutually agreed upon. Incentives reward in the form of extra income for the extra effort generated.
The principle of providing incentives is related to employee performance that exceeds the standards set by the company. For the hard work and work performance, employees will get awards, it can be in the form of money, goods, and others.
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cali would like to capitalize on its success in sporty clothes for girls and increase its volume in sporty clothes for boys. move, who shares the sporty boy grassland with cali and sparkle, has had fairly aggressive competitor pricing strategies in the past and considers this product category a very important strategic area given their success in sporty clothes for tweens and teens. they also have a lot of margin room and high cross-price elasticity with cali. how might you expect move to respond?
Move would respond in a strategic way as they have high cross price elasticity with each other, Move will have to change the price of his product category.
Cross-price elasticity quantifies how responsive a product's demand is to changes in a related product price. Because demand for one good rises when the cost for the alternative good rises, the cross elasticity of demand for alternative products is often positive.
Some products on the market frequently have connections to one another. This could imply that the demand for a product can be favourably or negatively impacted by a product's price change.
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compute the amount of ending inventory the shirt shop would report on the balance sheet, assuming the following cost flow assumptions: (1) fifo, (2) lifo, and (3) weighted average. compute the difference in gross margin between the fifo and lifo cost flow assumptions.
Amount of ending inventory would report on the balance sheet, on the assumptions of (b) lifo concept of the accounting principles of management.
LIFO concept of accounting is very simple which accepts the record on the basis of last in first out. As the inventory keeps on changing in the production process it is accounted under the lifo process of assumptions that it keeps changing.
The other techniques of recording the transactions is based on different entries and can be combined under the weighted average accounting.
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e-commerce and internet advertising reached $105 billion in 2018, growing at about: group of answer choices 5 percent. 10 percent. 15 percent. 20 percent. 25 percent.
The correct answer is 25%, It is true that e-commerce and Internet advertising are growing at a very rapid speed.
E-commerce- When we buy or sell products, promote our products and services or transfer fund or data's by using internet as medium it is known as e-commerce. The e-commerce takes place through various channels such as B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B (consumer-to-business). E-commerce has simply made our life easy through many ways such as by transferring funds by just a click or doing shopping 24/7 from comfort of your home.
Internet advertising- It means usage of varieties of tools available on the online channels to promote our business, products and services to the consumers. Internet advertising include all those means through which a producer or seller is able to communicate with their customers.
Nowadays, people are using e-commerce and Internet advertising on a large scale to grow their business and consumers are using it for getting the services easily available.
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At a convenience store, two candy bars and two bags of potato chips cost $4. 00, and three candy bars and two bags of potato chips cost $4. 75. What is the price of one bag of potato chips?.
The price of one bag of potato chips is $1.25.
The problem we dealing with is related to the linear equation which is referred to be an algebraic condition of the shape y=mx+b, where m is the slope as well as b is the y-intercept, and as it were a steady and a second-order term is included. Each term in a direct equation has an exponent of 1, and when this algebraic condition is graphed, it continuously produces a straight line, which is the way It is called a "linear equation".
As we are provided that two candy bars and two bags of potato chips cost $4. 00, whereas it costs $4. 75 for three candy bars and two bags of potato chips .
let us consider the cost of potato chip packages is y and the cost of candy bars is x
From the first condition, we can say
2x+2y=4 ......(1)
From the second condition, we can say
3x+2y=4.75 ....(2)
subtracting equation (1) from (2) we get
=>3x+2y -(2x+2y) =4.75−4
=>(3x−2x)+(2y−2y)=4.75−4
⇒x=.75
Now we substituting the value of x in equation (1) we get
=>2(0.75)+ 2y=4
=>1.5+2y=4
⇒2y=4−1.5
⇒2y=2.5
⇒y=1.25
Cost of one candy bar is 0.75$ and the cost of one pack of potato chips is 1.25$
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an order for 50 of a product is processed on work centers a and b. the setup time on a is 45 minutes, and run time is 5 minutes per piece. the setup time on b is 30 minutes,
Order manufacturing lead time is 102.75 hours
What is manufacturing?
Manufacturing is the process of creating or producing goods using equipment, labour, computers, tools, and biological or chemical processing or formulation. It is the essence of the economy's secondary sector. The term can refer to a wide range of human activities, from handicraft to high-tech, but it is typically commonly applied to industrial design, which involves the transformation of raw materials from the primary sector into finished goods on a large scale. Such goods may be sold to other manufacturers for use in the production of much more complex products (such as aeroplane, household appliances, soft furnishings, sports equipment, or automobiles), or they may be distributed to end users and consumers through the tertiary industry.
Manufacturing lead time = total work time across all work centres + total move time + total wait time
Work Center Time (P) = setup time + run time + queue time
Workplace A
45 minutes for setup
Run time = 5 minutes per piece = 50*5 = 250 minutes
8 hours = 480 minutes of waiting
Time to move = 60 minutes
Time spent queuing = 40 hours = 2400 minutes
Total time spent at Workplace A = 45+250+480+60+2400 = 3235 minutes
Workplace B
30 minutes for setup
Run time = 4 minutes per piece = 50*4 = 200 minutes
8 hours = 480 minutes of waiting
2 hours = 120 minutes = move time
Time spent queuing = 35 hours = 2100 minutes
Total time spent at Workplace B = 30 + 200 + 480 + 120 + 2100 = 2930
Order manufacturing lead time = 3235+2930 = 6165 mins = 102.75 hours
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Complete Question
An order for 50 of a product is processed on word centers A and b. The setup time on A is 45 minutes, and run time is 5 minutes per piece. The setup time on B is 30 minutes, and the run time is 4 minutes per piece. Wait time between the operations is 8 hours. The move time between A and d is 60 minutes. Wait time after operation d is 8 hours, and the move time into stores is 2 hours. Queue at work center A is 40 hours and at B is 35 hours. Calculate the total manufacturing lead time for the order.
obj. 2, 3 the procedures used for over-the-counter receipts are as follows. at the close of each day’s business, the sales clerks count the cash in their respective cash drawers, after which they determine the amount recorded by the cash register and prepare the memo cash form, noting any discrepancies. an employee from the cashier’s office counts the cash, compares the total with the memo, and takes the cash to the cashier’s office. pencil indicate the weak link in internal control. pencil how can the weakness be corrected?
The weak link that can be established here is from the fact that there are no separation of duties in this business.
The link can be corrected when other people are assigned some of the tasks to do
How is the weak link established?The way that this link can be seen is from the fact that in the business that we have here, there is no form of separation of duties. We can see that the same person that is in charge of the issuance of the receipts is still the one that would have to create the memo and would still be the one that would count cash as well.
Less may be shown compared to what was received, receipts may not be given and cash would also be taken to the home.
b. The way that the weakness would be corrected would have to with the employment of other people that would have to do some of these other tasks.
available cash may be greater that receipts of sales if people are not issued receipts.
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june 3 purchased goods for $4,100 from diamond incorporated with terms 2/10, n/30. june 5 returned goods costing $1,100 to diamond incorporated for credit on account. june 6 purchased goods from club corporation for $1,000 with terms 2/10, n/30. june 11 paid the balance owed to diamond incorporated. june 22 paid club corporation in full.
If june 6 purchased goods from club corporation for $1,000 with terms 2/10, n/30. june 11 paid the balance owed to diamond incorporated. june 22 paid club corporation in full. he cost of inventory as of June 30 is $3940.
Cost of inventoryFirst step is calculate the cost of goods returned using this formula
Cost of goods returned to D Inc. + Cost of goods purchased from C Corp.
Let plug in the formula
Total cost of goods purchased = $4,100 - $1,100 + $1,000
Total cost of goods purchased = $4,000
Using this formula to determine the cost of inventory
Cost of inventory = Total cost of goods purchased - [ (Cost of goods purchased from D Inc. - Cost of goods returned to D Inc.)×Discount rate ]
Let plug in the formula
Cost of inventory = $4,000 - [ ($4,100 - $1,100) × 2% ]
Cost of inventory = $4,000 - ($3,000×0.02)
Cost of inventory = $4,000 - $60
Cost of inventory = $3,940
Therefore the cost of inventory is the amount of $3,940.
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The complete question is:
june 3 purchased goods for $4,100 from diamond incorporated with terms 2/10, n/30. june 5 returned goods costing $1,100 to diamond incorporated for credit on account. june 6 purchased goods from club corporation for $1,000 with terms 2/10, n/30. june 11 paid the balance owed to diamond incorporated. june 22 paid club corporation in full.
Required:
Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30.
Busines
What does it mean for an employee to demonstrate professionalism by conducting oneself in a
manner appropriate for the profession and the workplace?
An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business.
What do you mean by business?An organization or enterprising entity connection in commercial, industrial, or professional activity exists referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses. It entails having proper and effective communication as well as constantly looking for methods to be productive. Employers seek candidates with a strong sense of responsibility, ethics, and teamwork as well as excellent interpersonal, communication, and problem-solving abilities. Professionalism results when you combine these abilities.Deliver quality work on time, adhere to deadlines, and arrive for meetings on time. Be courteous and upbeat at all times, even when others aren't. Being professional can help you make a good first impression, foster fruitful relationships with others, and build a solid reputation within your company and sector.To learn more about business refer to:
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