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2 years ago

Which of the following is a buyer's agent's task or duty?

Business

1 answer:

Alenkinab [10]2 years ago

8 0

Answer:

Representing the buyer's interests

Explanation:

Buyer's agents a person or a group which is hired to bid on a certain assets on behalf of the buyer. People usually use buyer's agent on expensive purchase such as properties, expensive antique, etc.

Buyer's agents are tied by an ethical code that they have to find the assets on the best price possible for the customers, without compromising the quality of the asset itself.

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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and i

kirill115 [55]

Answer:

(a) $190,000

(b) $635,000

Explanation:

(a) Cost of material Consumed:

= Opening Stock of material + Purchases - Closing Material

= $1,20,000 + $200,000 - $130,000

= $190,000

(b) Total Manufacturing cost:

= Direct Material + Direct labor + Overhead

= $190,000 + $120,000 + $325,000

= $635,000

= Total Manufacturing cost + Work in progress Beginning - Work in progress End

= $635,000 + 80,000 - 90,000

= $625,000

8 0

1 year ago

During the Great Recession, consumer sentiment in the United States declined, leading to a decrease in consumer spending. Which

Ipatiy [6.2K]

C. A decrease in the money supply

Nearly 700 banks failed in waning months of 1929 and more than 3,000 collapsed in 1930. Federal deposit insurance was as-yet unheard of, so when the banks failed, people lost all their money. Some people panicked, causing bank runs as people desperately withdrew their money, forcing more banks to close. By the end of the decade, more than 9,000 banks had failed. Surviving institutions, unsure of the economic situation and concerned for their own survival, became unwilling to lend money. This exacerbated the situation, leading to less and less spending.

6 0

2 years ago

Southeastern Oklahoma State University's business program has the facilities and faculty to handle an enrollment of 2,200 new s

docker41 [41]

Answer:

a. 0.7273 or 72.73%

b. 0.8875 or 88.75%

Explanation:

a. Utilization rate is the ratio of the amount of installed capacity planned to be used relative to the total installed capacity. This can be stated as follows:

Utilization rate = ICP ÷ TC ......................................... (1)

ICP = Amount of installed capacity planned to be used

TC = Total installed capacity

From the question, ICP = 1,600 while TC = 2,200. Substituting this into equation (1), we have:

Utilization rate = 1,600 ÷ 2,200 = 0.7273 or 72.73%

Therefore, utilization rate is 0.7273 or 72.73%.

b. Efficiency rate is the ratio of the actual installed capacity used relative to the amount of installed capacity planned to be used. This can be stated as follows:

Efficiency rate = AIC ÷ ICP ......................................... (1)

AIC = Actual installed capacity used

ICP = Amount of installed capacity planned to be used

From the question, ICP = 1,420 while TC = 1,600. Substituting this into equation (1), we have:

Efficiency rate = 1,420 ÷ 1,600 = 0.8875 or 88.75%

Therefore, efficiency rate is 0.8875 or 88.75% .

3 0

2 years ago

Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different meth

velikii [3]

Answer:

$375

Explanation:

If Johnson will use the desired gross margin percentage to determine the selling price of its products, they must use the following formula:

selling price per unit = total manufacturing costs per unit / (1 - gross margin)

Total manufacturing costs = variable manufacturing costs + total fixed costs + batch level fixed overhead = $2,350,000 + $1,200,000 + $200,000 = $3,750,000

total manufacturing cost per unit = $3,750,000 / 20,000 units = $187.50

selling price per unit = $187.50 / (1 - 50%) = $187.50 / 50% = $375

7 0

1 year ago

Explain the impact of effective purchasing on an operation’s cash flow.

Paraphin [41]

Answer:

Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.

8 0

1 year ago