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Finger [1]
2 years ago
10

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consum

ers. Businesses face (lower cost, higher cost, less competition, or more competition) because they must alter existing infrastructure to meet regulations. As a result, consumers pay (less, more, or the same) for produced goods
Business
1 answer:
Masteriza [31]2 years ago
6 0
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.Businesses face Higher cost because the must alter existing infrastructure to<span> meet regulations. As a result, consumers pay more for the same produced goods.

Hope this helps!</span>
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On June 30, 2012, Mackes Company issued $5,000,000 face value of 13%, 20-year bonds at $5,376,150, a yield of 12%. Mackes uses t
mestny [16]

Answer:

Explanation:

a. Dr Cash   5,376,150

Cr Premium on bonds payable  376,150

Cr Bonds payable 5,000,000

b. Dr Interest expense 322,569

Dr premium on bonds payable 2431

Cr Cash 325,000

c. Dr Interest expense 322,423

Dr Premium on bonds payable 2577

Cr Cash 325,000

d. Dr Interest expense 322,269

Dr premium on bonds payable 2731

Cr Cash 325,000

4 0
2 years ago
Stefan Ceramics is in the business of selling ceramic vases. It has two​ departments, molding and finishing. Molding department
Mandarinka [93]

Answer:

The following entries would be made.

Stefan Ceramics

Sr. No                Particulars                 Debit                 credit

1               Merchandise Inventory      291600

                Accounts Payable/ Cash                                    291600

For purchase of  720 kgs of tungsten carbide at​ $280 per kg (720*280=291600)

Accounts Payable or cash depending on whether material was purchased for cash or through accounts payable( creditors).

2                 Work In Process               291600  Dr

                                 Merchandise Inventory      291600 Cr

For use of  720 kgs of tungsten carbide . As there is no ending inventory the whole of the material is charged to production.

6 0
2 years ago
Human Resource Consulting (HRC) surveyed a random sample of 60 Twin Cities construction companies to find information on the cos
Shkiper50 [21]

Answer:

a. Compute the standard error of the sample mean for HRC.

  • mean = 502
  • standard deviation = 100
  • sample size = 60
  • standard error = 100 / √60 = 12.9

b. What is the chance HRC finds a sample mean between $477 and $527?

P(477 ≤ X ≤ 527) = P(477 ≤ X - 502 ≤ 527 - 502)

= [(477 - 502) / 12.9] ≤ [(X - 502) / 12.9] ≤ [(527 - 502) / 12.9]

since (X - 502) / 12.9 = z, then

= -1.938 ≤ z ≤ 1.938

so P(477 ≤ X ≤ 527) = P(-1.938 ≤ z ≤ 0) + P(0 ≤ z ≤ 1.938)

z = 1.4662

P(477 ≤ X ≤ 527) = 0.4718 + 0.4718 = 0.9436

c. Calculate the likelihood that the sample mean is between $492 and $512.

P(492 ≤ X ≤ 512) = P(492 ≤ X - 502 ≤ 512 - 502)

= [(492 - 502) / 12.9] ≤ [(X - 502) / 12.9] ≤ [(512 - 502) / 12.9]

since (X - 502) / 12.9 = z, then

= -0.775 ≤ z ≤ 0.775

so P(477 ≤ X ≤ 527) = P(-0.775 ≤ z ≤ 0) + P(0 ≤ z ≤ 0.775)

z = 0.4906

P(477 ≤ X ≤ 527) = 0.2844 + 0.2844 = 0.5688

d. What is the probability the sample mean is greater than $550?

P(550 ≤ X) = P(550 - 502 ≤ X - 502)

= P(48/12.9 ≤ z)

= P(3.72 ≤ z)

= 0.5 - P(0 ≤ 3.72 ≤ z)

= 0.5 - 0.5 = 0

5 0
2 years ago
Squirrel Co. operates in a lean manufacturing environment. For June production, Squirrel purchased 6,000 units of raw materials
valina [46]

Answer:

At the time of purchase of raw material inventory,

Raw material inventory account will debit and accounts payable account will credit.

Therefore, the Journal entry for this transaction is as follows:

Raw Materials Inventory Account    Dr. $36,000

To Accounts Payable                                           $36,000

(To record the purchase of raw material on account)

Workings:

Raw material Inventory = Units of raw material purchased × Price per unit

                                       = 6,000 × $6

                                       = $36,000

3 0
2 years ago
A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a
Anna35 [415]

Answer:

EOQ 400 units

inventory cost $1,200

 holding $600

 ordering $600

reorder point 369.9 pounds

Explanation:

EOQ

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

<u>Where:</u>

D = annual demand =  200 days x 75 pound per day =  15,000  

S= setup cost = ordering cost = $         16

H= Holding Cost =                       $          3

Q_{opt} = \sqrt{\frac{2(15,000)(16)}{3}}

EOQ 400

Inventory cost:

average inventory x holding cost

400/2 x $3 = $600 holding cost

order per year x order cost

15,000/400 x $16 = $600 order cost

<u>reorder point: demand x lead time + safety stock</u>

to get a confidence of 99% we need to look at the table for a Z value which is above 99% of the cases and then, move it to our ditribution.

In the talbe we got at a Z of 2.33 has a score of 0.99 which is the probability we want.

Now we calculate the safety stock

2.33 \sqrt{4\times 15^{2} }

safety stock: 69.9

This is the safety stock

Now the company will reorder at:

daily use x lead time + safety stock:

75 x 4 + 69.9 =

300 + 69.9 = 369.9

8 0
2 years ago
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