MTT (Set 5 with answer) 1) The following is selected information from the records of Ray‚ Inc.: Purchases of raw materials $ 6‚000 Raw materials‚ beginning 500 Raw materials‚ ending 800 Work-in-process‚ beginning 0 Work-in-process‚ ending 0 Cost of goods sold 12‚000 Finished goods‚ beginning 1‚200 Finished goods‚ ending 1‚400 What is the total amount of conversion costs? a. $5‚500 b. $5‚900 c. $6‚100 d. $6‚500 ANSWER: Choice "d" is correct. Conversion costs (labor and overhead)
Premium Manufacturing Costs Marketing
Questions 1‚ 2‚ 3‚ and 4 on page 249. 1. What is the difference between supply chain management and demand management? Supply chain management is concerned with the design and management of value-added process that not only cut across organizational boundaries but must be tightly integrated to allow information and materials to flow and be deployed within and across them. Demand management refers to decisions that are taken to affect the quantities demanded of one or more product that are served
Premium Supply chain management Forecasting Management
acceptance of solution clear responsibility speed 3 As a consequence of the information circulated by the grapevine in an organization‚ employees experience increased member satisfaction increased anxiety increased power increased certainty 4 Genepa Corporation manufactures home appliances and other electronic products. Genepa is planning to introduce a new refrigerator model. The marketing manager at Genepa has developed a marketing plan for this new product and wants to communicate this
Premium Communication
Getting things done through people and other resources and providing leadership and direction are what managers do. True An example of global sourcing is seen when Gap‚ Inc uses low-cost Caribbean labor to cheaply produce their clothing‚ and then finish off and sell their clothing in the United States. True The manager’s function in an organization is the same as the supervisor’s. True Most early interpretations of the Hawthorne studies agreed that money was the cause of the increased output.
Premium Management
Home Water Use Table of Contents: (1.) Water Use in the Industrialized World (2.) Activity: Water Use Calculator (3.) Activity: Drips and Leaks Water Use in the Industrialized World If you’re like most people in the developed world‚ you don’t think much about water. Clean‚ drinkable water is delivered into your residence almost invisibly‚ and it’s always there when you turn on a faucet. As such‚ most North Americans don’t see the need for water conservation‚ particularly those who live in
Premium United States Environmental Protection Agency Water management
The Lemonade Stand September 20‚ 2011 The Lemonade Stand Financial Analysis The Income Statement is the financial report that depicts the operating performance of a company (revenues less expenses generated = profit) over a specific period of time and facilitates the analysis of a company’s growth‚ cost‚ and profitability. This analysis focuses on the financial analysis of The Lemonade Stand during Season 1 and Season 2. The Balance Sheet is another type of financial statement used by a company
Premium Income statement Balance sheet Liability
Department of Business Assessment on learning outcome LO1 to LO4 Submitted to Irfan Jahangir Submitted by Tanvir Ahmed ID: 2015121013 First Semester Submission Date March 8‚ 2015. Table of Contents LO 1.1: Compare and contrast different organizational structure and culture: 1 LO 1.2: Explain of the relation between an organization’s structure and culture can impact on the performance of the business: 3 LO 1.3: Discuss the factors which influence individual behavior at work: 5 Demographic
Premium Management Strategic management UCI race classifications
CHAPTER 9 PROBLEM #2 A. PV= (-50‚000/1.40)- (20‚000/{1.40^2} + [100‚000/ (1.40^3] + [400‚000/(1.40^4) + {800‚000/[1.40^4] = -50‚000 + (10‚204) + 36‚443 + 104‚123+ 520‚616 = $ 615‚264 B. PV= (35‚714) + (10‚204) + 36‚443 + 104‚123 + 671‚688= $766‚336 C. (35‚714)+ (10‚204) + 36‚443+ 104‚123 + 1‚543‚256 = $1‚637‚904 D. PV AT 40%= $1‚637‚903.85 INVESTMENT @ $3‚000‚000.00 POST-MONEY VALUATION= $1‚637‚903.85 + 3‚000‚000= $ 4‚637‚903.85 PERCENT OF OWNERSHIP BY INVESTOR: $3‚000‚000/ $4‚637‚903
Premium Generally Accepted Accounting Principles
Dollars.” Write: “Enter 2 to convert Mexican Pesos to U.S. Dollars.” Write: “Enter 3 to convert English Pounds to U.S. Dollars.” Write: “Enter 4 to convert Japanese Yen to U.S. Dollars.” Write: “Enter 5 to convert French Francs to U.S. Dollars.” Write: “Enter 6 if you would like to Quit now.” Input Display_Selection While Display_Selection != 1 || 2|| 3 || 4 || 5 || 6 Write: “That is an invalid
Premium United States dollar Pound sterling Currency
Chapter 3‚ Problem 8 Information from problem 7. Formulate LPM to determine the number of basketballs and footballs to produce in order to maximize profit. X1 -- # of basketballs X2 -- # of footballs Maximize Z = 12x1 + 16x2 Subject to: 3x1 + 2x2 ≤ 500 4x1 + 5x2 ≤ 800 X1‚ x2 ≥ 0 Transform this model to standard form. Maximize Z = 12x1 + 16x2 + 0s1 +0s2 3x1 + 2x2 + s1 = 500 4x1 +5x2 + x2 = 800 X1‚ x2‚ s1‚ s2 ≥ 0 a). Identify the amount of unused resources (slack) at each of
Premium Optimization Mathematics Operations research