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2 years ago

What are the managerial implications of a borderless organization?

1 answer:

7 0

In my opinion, the managerial implications of a borderless organization could be a language barrier: complete from a different spoken language to even just day to day colloquial words or phrases. Another could be different labor laws in different countries. Another big one is the fact that different time zones could come into play and if improperly accounted for or organized with, this could really turn business upside down.

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Inventory records for Herb's Chemicals revealed the following:

antiseptic1488 [7]

Answer:

Inventory= $5,040

Explanation:

Giving the following information:

March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200

Purchases:

Mar. 10 600 gals @ $ 7.25

Mar. 16 800 gals @ $ 7.30

Mar. 23 600 gals @ $ 7.35

Sales:

Mar. 5 400 gals

Mar. 14 700 gals

Mar. 20 500 gals

Mar. 26 700 gals

Total units= 3,000

Total sales= 2,300

Ending inventory= 700 units

LIFO (last-in, first-out)

Inventory= 700*7.20= $5,040

8 0

2 years ago

Suppose a family has saved enough for a 10 day vacation (the only one they will be able to take for 10 years) and has a utility

Harlamova29_29 [7]

Answer:

2 Days

Explanation:

First, there is the need to rewrite the utility function for clarity

U=V^{1/2}

1. The Probability of Falling ill by someone in the family is given as 20%

2. If someone should fall ill, the total number of days that would be spoiled is calculated as:

Total number of vacation= 10 days x Probability to fall ill = 20%

= 10 x 0.2 = 2 days

This means if someone should fall ill based on the probability, then 2 out of the total 10 days can be ruined

3. The number of days for vacation days to enjoy is 10-2 = 8 days

This means if the family gives up 2 days of probable illness, they can still enjoy their vacation.

V= 2 days

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2 years ago

Which statement best describes competence as defined in the AICPA Code of Professional Conduct? Infallible judgment that cannot

FrozenT [24]

Answer:

The application of skill and knowledge with reasonable care and diligence

Explanation:

Competence is a part of Article IV- Due Care under the AICPA code of professional conduct. Competence is necessary to render the professional service without calling into question. It represents the application and maintenance of perceiving experience that supports a professional member to render a service with extreme knowledge, facility, and professionalism. Therefore, the answer choice B is the correct option.

7 0

2 years ago

Read 2 more answers

Fishermen’s Corp. is considering purchasing a boat. If the boat was purchased, it is expected to receive $20,000 at the end of t

ozzi

Answer:

The boat today is worth 100,440 dollars

Explanation:

We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:

We will apply the formula for lump sum to each $\frac{Maturity}{(1 + rate)^{time} } = PV$

cash flow and then add them together

$\frac{20,000}{(1 + 0.08)^{1} } = PV$

$\frac{40,000}{(1 + 0.08)^{2} } = PV$

$\frac{60,000}{(1 + 0.08)^{3} } = PV$

Year Nominal Present Value

1 20000 18, 518

2 40000 34,293

3 60000 47,630

TOTAL 100,441

5 0

2 years ago

Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only o

-Dominant- [34]

Answer:

Explanation:

Alpha = $195

Beta = $150

total production capacity = 123,000 pounds

raw materials = $5 per pound

Production costs per unit Alpha Beta

direct materials $40 $15

direct labor $34 $28

variable manufacturing overhead $22 $20

fixed manufacturing overhead $30 $33

variable selling expenses $27 $23

common fixed expenses $30 $25

total cost per unit $183 $144

1) What contribution margin per pound of raw material is earned by Alpha and Beta?

Alpha Beta

contribution margin $72 $64

contribution margin per pound $9 $21.33

2) Assume that Cane's customers would buy a maximum of 95,000 units of Alpha and 75,000 units of Beta. Also, assume that the company's raw material available for production is limited to 245,000 pounds. How many units of each product should Cane produce to maximize its profits?

Alpha Beta

contribution margin $72 $64

contribution margin per pound $9 $21.33

production (in units) 2,500 75,000

profits $30,000 $450,000

total profits $480,000

3) Assume that Cane's customers would buy a maximum of 95,000 units of Alpha and 75,000 units of Beta. Also, assume that the company's raw material available for production is limited to 245,000 pounds. What is the maximum contribution margin Cane Company can earn given the limited quantity of raw materials?

Alpha Beta

contribution margin $72 $64

contribution margin per pound $9 $21.33

production (in units) 2,500 75,000

contribution margin $180,000 $4,800,000

total contribution margin $4,980,000

4) Assume that Cane's customers would buy a maximum of 95,000 units of Alpha and 75,000 units of Beta. Also, assume that the company's raw material available for production is limited to 245,000 pounds. Up to how much should it be willing to pay per pound for additional raw materials?

If it wants to increase the production of Alpha, it could pay as much as ($195 - $183) / 8 = $1.50 extra per pound if it wants to maximize profits. Maximum price = $6.50 per pound. At this point, marginal revenue = price.

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2 years ago