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2 years ago

Different companies across different industries adopt any one of the five generic strategies to gain competitive advantage.

Business

1 answer:

enyata [817]2 years ago

6 0

Answer:

c. An online retailer delivers organic groceries overnight.

Explanation:

As Different companies in different industries follow any one of the five general strategies to gain competitive advantage.

so The online retailer distributes organic groceries overnight, using a low-cost provider strategy. This is due to the intense competition in online retailing.

so correct option is c. An online retailer delivers organic groceries overnight.

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Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 4

torisob [31]

Answer:

Total cost = Total ordering cost + Total holding cost

Total cost = DCo + QH

Q 2

Where

D = Annual demand

Co = Ordering cost per order

Q = EOQ

H = Holding cost per item per annum

D = 40,000 units

Co = $48

H = 18% x $8.00 = $1.44

EOQ = √2DCo

EOQ = √2 x 40,000 x $48

$1.44

EOQ = 1,633 units

Explanation:

EOQ equals 2 multiplied by annual demand and ordering cost divided by holding cost per item per annum. The holding cost per item per annum is calculated as holding cost rate multiplied by unit cost.

7 0

2 years ago

On January 1, 2012, Browning Corporation had 75,000 shares of $1 par value common stock issued and outstanding. During the year,

Gennadij [26K]

Answer:

The solution are given as under:

Explanation:

Part 1. The entry would record common stock at part and the above par value would be paid in capital.

Dr Cash $675,000

Cr Common Stock $60,000

Cr Paid In Capital $615,000

Part 2. When dividend is declared, dividend payable must be recognized against the Retained Earnings.

Dividends Payable can be calculated by finding out the total shares on 15th of June, which is:

Total shares = Shares issued + Previously Held shares

= 75,000 + 60,000 = 135,000

Now the total dividend that is payable is:

Dividend Declared = Total Number of Shares * Dividend per share

= 135,000 Shares * $2 per share = $270,000

Dr Retained Earnings $270,000

Cr Dividend Payables $270,000

Part 3. The payment of dividends will decrease the dividend payables with $270,000, so the double entry would be:

Dr Dividend Payables $270,000

Cr Cash Account $270,000

Part 4. The purchasing of the treasury stock would be recorded as under:

Dr Treasury Stock $90,000 ..... $15 per share * 5000 shares

Cr Cash Account $90,000

Part 5. The cash dividend declared would be similarly the way we calculated in the part 3 but here we will also account for the treasury stock as under:

Total shares = Shares issued + Previously Held shares - Treasury Stock

= 75,000 + 60,000 - 5,000 = 130,000

Now the total dividend that is payable is:

Dividend Declared = Total Number of Shares * Dividend per share

= 130,000 Shares * $2.5 per share = $325,000

Dr Retained Earnings $325,000

Cr Dividend Payables $325,000

5 0

2 years ago

Which of the following is not an example of organizational citizenship behaviour? telling your friends about the company’s great

Hoochie [10]

Answer: discouraging a friend from applying for a job at the company

Explanation: i would choose this one because organizational is behavior's that is perceived as a positive, extra-role, pro-social demeanor which benefits the employer and enhances the overall success of a business discouraging a friend from applying for a job at the company that is very a discouraging to a person no positivity there lol

4 0

2 years ago

Your client, Keith Teal Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 27

galina1969 [7]

Answer:

Souvenirs Corporation (Lessee)

A. Amortization Schedule

Beginning Balance Interest Principal Ending Balance

1 $430,300.00 $47,333.00 $3,007.44 $427,292.56

2 $427,292.56 $47,002.18 $3,338.26 $423,954.31

3 $423,954.31 $46,634.97 $3,705.46 $420,248.84

4 $420,248.84 $46,227.37 $4,113.06 $416,135.78

5 $416,135.78 $45,774.94 $4,565.50 $411,570.28

6 $411,570.28 $45,272.73 $5,067.71 $406,502.57

7 $406,502.57 $44,715.28 $5,625.15 $400,877.42

8 $400,877.42 $44,096.52 $6,243.92 $394,633.50

9 $394,633.50 $43,409.68 $6,930.75 $387,702.74

10 $387,702.74 $42,647.30 $7,693.14 $380,009.61

11 $380,009.61 $41,801.06 $8,539.38 $371,470.23

12 $371,470.23 $40,861.73 $9,478.71 $361,991.52

13 $361,991.52 $39,819.07 $10,521.37 $351,470.15

14 $351,470.15 $38,661.72 $11,678.72 $339,791.43

15 $339,791.43 $37,377.06 $12,963.38 $326,828.05

16 $326,828.05 $35,951.09 $14,389.35 $312,438.69

17 $312,438.69 $34,368.26 $15,972.18 $296,466.51

18 $296,466.51 $32,611.32 $17,729.12 $278,737.39

19 $278,737.39 $30,661.11 $19,679.32 $259,058.07

20 $259,058.07 $28,496.39 $21,844.05 $237,214.02

21 $237,214.02 $26,093.54 $24,246.89 $212,967.12

22 $212,967.12 $23,426.38 $26,914.05 $186,053.07

23 $186,053.07 $20,465.84 $29,874.60 $156,178.47

24 $156,178.47 $17,179.63 $33,160.81 $123,017.67

25 $123,017.67 $13,531.94 $36,808.49 $86,209.17

26 $86,209.17 $9,483.01 $40,857.43 $45,351.75

27 $45,351.75 $4,988.69 $45,351.75 -$0.00

Payment Every Year = $50,340.44

B. Journal Entries for first two years of the lease for the Lessee:

2020:

Debit Right of Use Asset $1,359,191.80

Credit Lease Liability $1,359,191.80

To record the lease for 27 years.

Debit Lease Liability $3,007.44

Debit Interest on Lease $47,333.00

Credit Cash $50,340.44

To record the lease interest expense.

2021:

Debit Lease Liability $3,338.26

Debit Interest on Lease $47,002.18

Credit Cash $50,340.44

To record the lease interest expense.

Explanation:

a) Data and Calculations

Cost of Machine = $430,300

Useful life of machine = 27 years

Salvage value = $0

Expected return on investment = 11%

Period of equal rental payments = 27 years

From the online financial calculator:

Payment Every Year = $50,340.44

Total of 27 Payments = $1,359,191.80

Total Interest = $928,891.80

Amortization Table shows that at the end of 27 years:

Principal = 32%

Interest = 68% of the total lease payments.

4 0

1 year ago

Erie company manufactures a mobile fitness device called the jogging mate. the company uses standards to control its costs. the

scoray [572]

Answer:

Standard Hours Standard Rate per Hour Standard Cost

24 minutes (0.4 hrs.) $5.40 $2.16

During August, 8,390 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $43,628 for the month.

1. What is the standard labor-hours allowed (SH) to makes 19,600 Jogging Mates?

19,600 jogging mates x 0.4 hours = 7,840 hours

2. What is the standard labor cost allowed (SH × SR) to make 19,600 Jogging Mates?

7,840 hours x $5.40 = $42,336

3. What is the labor spending variance?

labor spending variance = standard cost - actual cost = $42,336 - $43,628 = $1,292 unfavorable

4. What is the labor rate variance and the labor efficiency variance?

labor rate variance = (standard rate - actual rate) x actual hours = ([$5.40 - ($43,628/8,390 hours)] x 8,390 hours = ($5.40 - $5.20) x 8,390 hours = $0.20 x 8,390 = $1,678 favorable
labor efficiency variance = (standard hours - actual hours) x actual rate = (7,840 hours - 8,390 hours) x $5.20 = -550 hours x $5.20 = -$2,860 unfavorable

7 0

2 years ago