Answer:
$175,000
Explanation:
Conversion costs are production costs that must be incurred in order to change raw materials into products.
Therefore, we have:
Total of the conversion costs = Cost of clay used in production + wages paid to the workers who paint the figurines = $76,000 + $99,000 = $175,000
Answer:
C. $4000
Explanation:
Given that
Total opportunity cost = salary plus interest forgone, that is 50,000 + 6% of 100,000
= 50,000 + 6000 = 56,000.
Total revenue received = 60,000
Recall that
Economic profits = Revenue - (implicit + explicit cost)
And that
Implicit cost = opportunity cost = 56,000
Explicit cost = 0 (from the question, revenue covered it)
Thus
Economic profit = 60000 - 56000
= $4000
Answer:
The answer is True.
Explanation:
The center of gravity method is a concept under <em>Operations Management</em> as it relates to facilities distribution such as warehouses or fulfillment centers.
Center of Gravity Strategy/Method is defined as a concept that seeks to calculate geographic coordinates for a potential single new facility that will minimize costs. Under this approach the main factors considered are:
- Cost of Shipping
- Markets
- Volume of goods shipped
Operations managers prefer to use this approach in siting the location of their facilities because:
- It minimizes cost.
- It is simple to compute
- It takes in to consideration existing facilities
How to use the Center of Gravity Method
Step 1:
- Place existing facility(ies) such warehouse, fulfillment center, and distribution center locations in a coordinate grid.
- situate the grid on an ordinary map.
- The distances between the facilities must be noted.
Step 2:
Then, using the equations below,
Fx= ∑ dix Vi/ ∑ Vi
Fy= ∑ diy Vi/ ∑ Vi
Proceed to calculate the X and Y coordinates using these equations where Fx is the X (horizontal axis) coordinate for the new facility, and
Fy is the Y (vertical axis) coordinate for the new facility, dix is the X coordinate of the current location, diy is the Y coordinate of the existing location, and Vi is the volume of goods moved to or from the <em>i</em>th location.
Step 3:
After you have obtained the X and Y coordinates place that location on the map.
This approach allows for point of departure – or, literally, a starting point of where (from the perspective of longitude and latitude) you options are for where to grow your fulfillment or logistics network.
Cheers!
The statement, "Common stock is a vehicle for selling ownership and another way to raise money for operations, expansion, or other business needs" is true.
<u>Explanation:</u>
Common stock is a distribution tool and a way to raise capital for investment, business growth or other company needs.
Common stock is a kind of company holding, a type of safety. In many other regions of the world, the terms polling share and prevalent share are frequently were using.
The "common stock" is used mainly in the USA. These are classified as shareholdings or common shares in the United Kingdom and other Commonwealth.
It means that one common stock share constitutes percentage equity of a corporation. In certain words, this is a way to split the assets of a corporation.
For example, if 100 shares were taken out, one share would amount to one percent of the company's intellectual property.
The difference between loose and dense connective tissue is there is much more space between the fibers and cells in loose connective tissue than in dense connective tissue.
Option D
Explanation:
The two types of conjunctive tissue found in animals are the loose and compact connective tissues.
Connective tissue primarily serves soft bodies structurally. It also facilitates the provision of the epithelial tissue of nutrients and oxygen.
Elastic conjunctive tissue includes fibres that are elastic, whereas thick connective tissue comprises tightly structured fibres. Therefore the principal difference in the density of the extracellular matrix in each type of conjunctive tissue is between loose and dense binding tissue.
