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2 years ago

Which of the following best illustrates the globalization of production?

Business

1 answer:

I am Lyosha [343]2 years ago

7 0

Answer:

You bought one DVD and found out from the small prints that the American movie it contains was shot in Canada, the DVD was manufactured in Portugal, and you bought it online at Amazon.com

Explanation:

he globalization of production is referred to as the sourcing of materials from locations around the globe for a production. Complete goods and services or parts are acquired from countries where they are available at lower opportunity costs are used to manufactured new products. The globalization of production is taking advantage of differences in the quality and cost of inputs in different countries.

Advancement in information technology and transportation has fueled the globalization of production. Reduction in international trade restrictions has made it possible for companies and countries to source for the factors of production, including capital, labor, and land from nations where they are least expensive.

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On January 1, 2020, the Oriole Company had $2,990,000 of $10 par value common stock outstanding that was issued at par and Retai

amm1812

Answer:

Oriole Company

Journal Entries:

July 1:

Debit Cash Account $2,336,000

Credit Common Stock $1,460,000

Credit Paid-in In Excess of Common Stock $876,000

To record the issuance of 146,000 shares of common stock, par $10 at $16 per share.

December 15:

Debit Retained Earnings $445,000

Stock Dividends Payable $445,000

To record the declaration of a 10% stock dividend.

Explanation:

a) Stockholders of record on December 31, 2020:

Number of shares in issue at beginning 299,000

Number of shares issued on July 1 146,000

Total 445,000

10% of 445,000 = 44,500 shares

b) Stock Dividends declared on December 15 will result to the issuance of 44,500 shares to stockholders. To finance this stock dividend, the Retained Earnings account is debited while the Stock Dividends Payable is credited. When the shares are issued on January 15, the Stock Dividends Payable (Distributable) will be debited and the Common Stock credited with the par value. The market price of $17 does not affect the company's records.

8 0

2 years ago

The Harriet Hotel in downtown Boston has 100 rooms that rent for $150 per night. It costs the hotel $30 per room in variable cos

Effectus [21]

Answer:

In order to maximize average daily profit, optimal number of reservations = 100 rooms.

Explanation:

As for the provided information, we have

Total number of rooms = 100

Chances of guests not arriving = 5%

Therefore, guests to arrive = 95%

Thus, bookings = 100/95% = 105.26

Rounding off we have 105 rooms,

Let us assume, all rooms are booked and no cancellation is done, in that case,

Total revenue = $150 $\times$ 100 = $15,000

Less: Overbooked charges = $200 $\times$ 5 = ($1,000)

Less: Variable Cost = $30 $\times$ 100 = ($3,000)

Thus total revenue will be $11,000

In case of booking of 100 rooms the net revenue in case of 5% cancellations, shall be:

Rooms booked = 100 - 5% = 95

Revenue = 95 $\times$ $150 = $14,250

Less: Variable Costs = 95 $\times$ $30 = ($2,850)

Thus total revenue = $11,400

Since profit in case of booking 100 rooms is more in any case, even in case of least cancellation the revenue will increase.

Thus, this is the optimal number of reservations = 100

6 0

2 years ago

Aurum Appliances manufactures three sizes of kitchen appliances: small, medium, and large. Product information is provided below

xenn [34]

Answer:

The large application should be produced first by management in order to incorporate short run profit maximizing strategy.

Explanation:

In order to maximize profit in the short run by management, we need to calculate the unit profit per machine hour for each appliances. Using the following formulae, as shown below:

Unit Profit / Machine-hours per unit = Unit Profit per Machine hour

Small Application

40 / 20 = $2 per machine hour

Medium Application

115 / 40 = $2.875 per machine hour

Large Application

340 / 100 = $3.4 per machine hour

As per the above calculation the large application gives the highest profit per machine hour so should be produced first. Afterwards if any machine hour is left then medium application should be produced second and finally, small application third.

5 0

2 years ago

A company will begin stocking remote control devices. Expected monthly demand is 800 units. The controllers can be purchased fro

galina1969 [7]

Answer:

I will take Supplier A and make orders of 500 units as give lower inventory cost

From the proposed units the best option to inimize cost is 500 units.

Explanation:

Supplier A Supplier B

1 –199 $14.00 1–149 $14.10

200–499 13.80 150–349 13.90

500+ 13.60 350 + 13.70

Holding Cost 25% of the unit price.

D = annual demand =

800 monthly x 12 month = 9,600 per year

S= setup cost = ordering cost = 40

H= Holding Cost = $13.60 x 25% = 3.40

Optimal Order Quantity

taking $13.60 (order size must be over 500)

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

$Q_{opt} = \sqrt{\frac{2(9,600)(40)}{3.40}}$

OOQ: 475.2708206

As it is below the 500 to get the $13.60 price is not a cost minimizing option but, it can be better than the alternative

Ordering 9600 / 500 x $40 = $768

Holding: 500/2 x $13.60 x 25% = $850

Total $ 1,618

Using Supplier B of $13.70 (reqirement order size +350)

H= Holding Cost = 13.70 x 25% = 3.43

$Q_{opt} = \sqrt{\frac{2(9,600)(40)}{3.43}}$

OOQ = 473.5330787

This order size will minimize the inventory cost.

Ordering 9600 / 474 x $40 = $810

Holding: 474/2 x $13.70 x 25% = $812

Total $ 1,622

Given cases:

Ordering 9600 / 150 x $40 = $2,560

Holding: 150/2 x $14.00 x 25% = $262.5

Total $ 2,822.5

Ordering 9600 / 500 x $40 = $768

Holding: 500/2 x $13.60 x 25% = $850

Total $ 1,618

Ordering 9600 / 200 x $40 = $1,920

Holding: 200/2 x $13.80 x 25% = $345

Total $ 2,265

Ordering 9600 / 350 x $40 = $1,097

Holding: 350/2 x $13.70 x 25% = $599

Total $ 1,696

Ordering 9600 / 300 x $40 = $1280

Holding 300/2 x $13.80 x 25% = $517.5

Total $1797.5

8 0

2 years ago

Tina, a longtime republican, is trying to decide how to vote in the upcoming mayoral election. she has researched the candidates

Marat540 [252]

Tina will react to the mixed evidence in a way that she will likely become more firmly entrenched in regards with her attitude because of the fact that she will believe on what she thinks she know is true or just than the fact that she just obtained.

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2 years ago