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2 years ago

Which of the following statements is true?

Business

1 answer:

hram777 [196]2 years ago

6 0

Answer:

a. managers investigate all variances. ==>TRUE

b. repeating favorable variances could indicate that the standards are too low. ==> TRUE

c. unfavorable variances always indicate a performance problem. ==>FALSE

d. variances in different areas are never related. ==> FALSE

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One common feature of agile projects is the "walk-around meeting".<br> A. True<br> B. False

SashulF [63]

Answer:

Explanation:

Agile means able to move around quickly

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2 years ago

Tom's, Inc., produces various Mexican food products and sells them to Western Foods, a chain of grocery stores located in Texas

Sindrei [870]

Answer:

Explanation:

Objective of the problem is to maximize profit.

Each jar is of 10 ounces.

Western Food Salsa (W) contains:

50% whole tomatoes, i.e. 50%*10 = 5 ounces;

30% tomato sauce, i.e. 30%*10 = 3 ounces;

20% tomato paste, i.e. 20%*10 = 2 ounces.

Mexico City Sales (M) contains:

70% whole tomatoes, i.e. 70%*10 = 7 ounces;

10% tomato sauce, i.e. 10%*10 = 1 ounces;

20% tomato paste, i.e. 20%*10 = 2 ounces.

Note: 1 pound = 16 ounces for below calculations

Maximum available quantity of Whole Tomatoes = 280*16 = 4480 ounces

Maximum available quantity of Tomato Sauce = 130*16 = 2080 ounces

Maximum available quantity of Tomato Paste = 100*16 = 1600 ounces

Profit for each jar of W = 1.64 - (0.96*5/16 + 0.64*3/16 + 0.56*2/16 + 0.10 + 0.02 + 0.03) = $ 1.00

Profit for each jar of M = 1.93 - (0.96*7/16 + 0.64*1/16 + 0.56*2/16 + 0.10 + 0.02 + 0.03) = $ 1.25

a. Refer first table in Sensitivity report, Optimal solution is following

W = 560 jars

M = 240 jars

Profit = $ 860

b. Refer third table in Sensitivity report, Objective coefficient range is as follows

Variable Objective coefficient range

Lower limit Upper limit

W 0.89286 1.25

M 1 1.4

Lower limit is obtained by subtracting allowable decrease from the objective coefficient and upper limit is obtained by adding allowable increase to objective coefficient

c. Refer third table in Sensitivity report, Shadow prices (or Dual value) of each constraint are following

Whole tomatoes = 0.12500

Tomato sauce = 0.00000

Tomato paste = 0.18750

Interpret each shadow price

i. The shadow price is the value that the objective function will change...

ii. 0.125, increase by $ 0.125

iii. 0, not change

iv. 0.188, increase by $ 0.188

v. it is a non-binding constraint

d. Refer fourth table of sensitivity report, Right hand side ranges of the constraints are following

Variable Righ Hand Side Range

Lower limit Upper limit

Whole tomatoes 4480-160 = 4320 4480+1120 = 5600

Tomato sauce 2080-160 = 1920 2080-inifinite = infinite

Tomato paste 1600-320 = 1280 1600+40 = 1640

cheers i hope this helped !!!

8 0

2 years ago

Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several

Orlov [11]

Answer:

Key S - Scenario

A - Accounting Principle or Assumption

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

Historical cost principle

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

Business entity assumption

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

Going concern assumption

Thomas records expenses incurred to produce the sales for the month.

Expense recognition principle

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

Revenue recognition principle

Thomas Company provides earnings information to investors at the end of every quarter.

Time period assumption

The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

Monetary unit assumption

Explanation:

5 0

2 years ago

Employees earn vacation pay at the rate of one day per month. During the month of June, 10 employees qualify for one vacation da

Yakvenalex [24]

Answer:

B. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500

Explanation:

Lets consider all the other options to eliminate them from our choice

Option A: The entry provided debits the vacation benefits expenses and credits the prepaid vacation benefits. The liability for the vacation credit earned by the employees during the month needs to be recorded so this is not an adjustment of an advance vacation benefit.

Option C: The required entry has nothing to do with taxes so not relevant.

Option D: The entry is to record the liability for vacations earned by the employees so an expenses has to be recorded.

Option E: The option reduces the liability and reduces the expenses which is against the requirement of the question

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2 years ago

Emerson, inc., reported that it owns and operates 265 companies worldwide with 23% of its sales coming from europe, 18% from asi

Ivahew [28]

Emerson, inc, reported that it owns and operates 265 companies worldwide with 23% of its sales coming from europe, 18% from asia, 46% from the United States and 13% from the other parts of the world. Clearly, emerson exemplifies multinational corporation.

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2 years ago