Despite its drastic downsizing a decade ago under a federally funded bailout and bankruptcy restructuring, General Motors again finds itself with too many U.S. factories that can turn out too many vehicles. GM's factory-utilization rate in North America averaged 95.1% over the past two years, below Ford's 111.9% and Toyota 's 101.4%. (Rates can exceed 100% when factories work a 3rd shift or schedule overtime work on weekends.) The auto industry often runs its factories dawn-till-dusk or even around the clock to boost their efficiency. Factory-utilization rates typically measure how much production capacity a plant uses based on a 16-hour workday. GM says its utilization rate is 100% on average when its round-the-clock truck and SUV lines are figured in with the relatively sleepy factories making cars. GM said it is working to "drive further improvements" in its plant utilization, including adding crossover SUVs to more factory lines. A plant in the Kansas City area that now makes only the Malibu is scheduled to begin assembling a small Cadillac SUV soon. But such a switch-over typically takes car makers several years of lead time, to order and install new assembly-line equipment and tooling.
Answers
Answer:
The question is actually missing (see attached image):
the answer is:
D. Less than that of its competitors.
Explanation:
Personally, I believe that GM is an extremely spoiled child that refuses to assume responsibility for its continuous and never ending mistakes. GM has either filed for bankruptcy or threatened to do so twice in the last 30 years or so, and every time the US government has to bail them out. But GM keeps doing things wrong.
It doesn't matter if you like their cars or not, GM is terribly managed. No other company in US history has received so much financial aid from the government and continued to lose money and work inefficiently. The problem is that whenever things go wrong, stockholders lose their money but the executives keep getting tens of millions of dollars. If a company is managed in such a disastrous way, their top management shouldn't get paid that much.
A car factory costs a lot of money, and not using it efficiently is outrageous considering GM's history. If they had never received a cent from the government, then its only their problem. But the government lost $11.2 billion on GM's last bailout. During the 1980s GM lobbied fro the government to impose import quotas on Japanese cars because they were better cars and GM couldn't compete against them. So whenever they do things wrong, big brother has to help them. During the last couple of years GM had to sell most of its foreign operations in order to get cash, and you generally do not make money by selling your assets.
Related Questions
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
L learn more on Variance on https://brainly.com/question/9304306
#SPJ1
For each statement about Direct Competition and Indirect Competition,
choose True or False.
Indirect Competition is a
business whose services are
different from yours but
satisfy the same need.
All Companies that sell
goods and services are
Indirect Competitors.
When your target audience
buys products from a
competitor instead from
you, that is Indirect
Competition.
Direct Competition is a
company that offers
the same thing you
offer.
1. True
2. False
Answers
Answer:
Explanation:
1) Indirect Competition is a business whose services are different from yours but satisfy the same need.
True
2) All Companies that sell goods and services are Indirect Competitors.
False
3) When your target audience buys products from a competitor instead from you, that is Indirect Competition.
False
4) Direct Competition is a company that offers the same thing you offer.
True
What type of security can be used to minimize both the risks for an investor with a fixed investment horizon? Explain.
Answers
Answer:
Zero coupon Treasury bond with a duration equal to the investors investment horizon.
Explanation:
Zero coupon Treasury bond is also called Treasury Zero and the face value of the bond is paid on maturity.
They do not pay interest periodically or coupon payment. Thus the name zero coupon.
This is in contrast to other bond types that make periodic payment of interest and then recieved face value at maturity.
Zero coupon Treasury bond minimises risk for the investor because the government always pays it's obligations.
The agreed value at maturity is not subject to market forces and other economic factors.
In this scenario when the zero coupon treasury bond has the same duration as investor investment horizon it minimises his risk compared to other bond types
Productivity can be improved by:
Answers
Answer:
increasing the output for the same number of inputs
Explanation:
In what ways does Nucor empower its employees?
Answers
By implementing top human resource management practices in its workplace, Nucor empowers its staff. These procedures include merit-based hiring, top industry remuneration, etc.
How do companies empower their employees?A crucial element of empowerment is allowing your employees the freedom to take the initiative and make decisions for your business. To ensure that these actions are in accordance with business goals, it also suggests that there is mutual trust and understanding. A company needs its workers to feel empowered for it to grow sustainably.
What does granting your workers additional power entail?When a person feels empowered, they are confident in their ability to succeed and are conscious of their capacity for accomplishment. The process through which companies give their workforce what they need for success is known as employee empowerment.
Learn more about human resource management: https://brainly.com/question/23428372
#SPJ1
1. How would the demand for automobiles be affected by information presented in each of
these documents? Support your answer with examples from the documents.
2. Identify and discuss the factors that affect elasticity of demand illustrated in these documents.
3. Explain how Documents B and C illustrate a cause and effect relationship in the
demand for SUVs. Use evidence from these documents to support your answer.
Answers
1. The demand for automobiles would likely be affected differently depending on the information presented in each of these documents. For example, if the documents present information about new fuel-efficient technologies that can save consumers money on gas in the long run, the demand for automobiles may increase. On the other hand, if the documents present information about increased taxes on gas, the demand for automobiles may decrease.
2. The factors that affect elasticity of demand illustrated in these documents may include the availability of substitutes, the proportion of income spent on the good, and the time frame over which consumers make their purchasing decisions.
3.:Documents B and C illustrate a cause-and-effect relationship in the demand for SUVs in that they present information about the factors that are affecting the demand for SUVs. For example, Document B may present information about an increase in gas prices, which would likely cause a decrease in the demand for SUVs.
How to explain the information?Document C may present information about an increase in consumer income, which would likely cause an increase in the demand for SUVs.
For example, if the documents present information about new electric cars that are a more affordable substitute for traditional gas-powered cars, the demand for traditional cars may be more elastic.
Learn more about automobile on:
https://brainly.com/question/4612609
#SPJ1
The micro-EWOT implies, inter alia, all of the following, EXCEPT
Answers
Option (c), All of the following are implied by the micro-EWOT, with the exception of uncritical reasoning.
What dangers may EWOT pose?EWOT poses no risks or adverse effects when used correctly and for no more than 15 minutes at a time. When more oxygen is breathed than is recommended, there is no risk of becoming ill from it.
How is EWOT unique from hyperbaric oxygen?HBOT functions in a different way than EWOT. HBOT is a passive procedure in which the pressure forces oxygen into the tissues. More oxygen enters the tissues as a result of the plasma's super saturation caused by EWOT. After then, the extra oxygen is used by the body.
Learn more about plasma: https://brainly.com/question/3683389
#SPJ1
The complete question is:
The micro-EWOT implies, inter alia, all of the following, EXCEPT
Marginal cost/benefit analyses Opportunity cost calculi Uncritical reasoning Plausible,L-MEST-G data Inter-temporal comparisonsWhen searching for jobs, what is the method whereby one makes phone calls or visits without an inside lead
Answers
Answer:
Dropping in.
Explanation:
Economic Stimulus Act of 2008
Explanation for the reason for Economic Stimulus Act of 2008. What are the main causes of the legislation. What occurred in the economy to prompt the government to pass or enact such legislation or act?
Answers
Answer:
The Economic Stimulus Act of 2008 was a United States federal law enacted on February 13, 2008, to provide economic relief amid the Great Recession. The act provided tax rebates to individuals and tax incentives for businesses. It also increased the limits on mortgages eligible for purchase by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. The total cost of the act was projected at $152 billion for 2008.
The main causes of the legislation were:
The subprime mortgage crisis, which began in 2007, led to a decline in housing prices and a rise in foreclosures. This had a negative impact on the economy, as it led to a decrease in consumer spending and investment.The financial crisis of 2008, which began in September 2008, led to a collapse of the GSEs and a severe tightening of credit markets. This made it difficult for businesses to borrow money, which further slowed economic growth.The government enacted the Economic Stimulus Act of 2008 in an attempt to:
Boost consumer spending and investment, which would help to create jobs and stimulate economic growth.Prevent the financial crisis from worsening, which would have had a devastating impact on the economy.The act was controversial, with some economists arguing that it was not large enough to have a significant impact on the economy. However, the act did provide some relief to individuals and businesses, and it is generally credited with helping to prevent the Great Recession from becoming even worse.
Which of the following is a strategy that may be used to gain financial success?
1_ buy what you want
2_ignore risks
3_make a financial plan
4_borrow money for fun
Answers
The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?
Answers
The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.
Here are a few major concerns:
Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.For such more question on Restrictions:
https://brainly.com/question/30667577
#SPJ8
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
For such more question on net loss:
https://brainly.com/question/28390284
#SPJ8
Apart from a job search, a also helps in job advancement.
Answers
Apart from a job search, a job portfolio also helps in job advancement.
What is a job portfolio ?A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.
Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.
Find out more on job portfolios at https://brainly.com/question/21523336
#SPJ1
Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?
Answers
The implied earnings yield be 4.1%.
Thus, the correct option is B.
What do you mean by earnings?The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.
EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.
Earnings are the sum of money that a person or organization receives over a specific time period.
They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.
Learn more about earnings, here
https://brainly.com/question/28045589
#SPJ1
Will give Brainlist if answer is correct with explanation and quick!!!
According to the box, Online Grocery Shopping, what is Amazon's greatest challenge when it comes to competing against companies offering curbside pickup for online grocery orders at Walmart and Kroger?
A) figuring out the most efficient ways to get groceries to customers' homes
B) figuring out which local grocery stores to buy AmazonFresh products from
C) figuring out where to set up curbside pickups at Amazon distribution centers
D) figuring out where to build Amazon grocery stores around the U.S.
Answers
The greatest challenge that Amazon faces from Walmart and Kroger, which offer curbside pickup of online groceries, is C. figuring out where to set up curbside pickups at Amazon distribution centers.
With Amazon's giant online presence and performance, it can dominate the online grocery market. However, it has Walmart and Kroger to contend with because these have developed curbside pickups for online grocery orders.
The above statement implies that Amazon does not have a problem figuring out the best delivery means, the local grocery stores to buy products from, or the locations to build Amazon grocery stores.
Thus, the challenge that Amazon faces from Walmart and Kroger is Option C.
Learn more: https://brainly.com/question/21572257
Using the Internet, local newspapers, and/or any regional information, write a 500-word report on on-line banking. In your report, tell of the advantages (if any) over regular banking. Why would it be attractive to people? What conveniences are offered? Is it safe, or will other people get access to your accounts?
Answers
Introduction:
In today's digital age, the convenience and accessibility of online banking have revolutionized the way people manage their finances. With the advent of the internet and advanced technology, traditional banking has been transformed, offering numerous advantages to account holders. This report explores the benefits, conveniences, and safety measures associated with online banking, addressing concerns about security and access to accounts.
Advantages of Online Banking:
1. Convenience: Online banking provides unparalleled convenience, allowing individuals to access their accounts anytime and anywhere. Whether from the comfort of their homes, offices, or while on the go, customers can perform various banking transactions with just a few clicks. This eliminates the need to visit physical bank branches, saving time and effort.
2. 24/7 Accessibility: Online banking operates round the clock, providing customers with continuous access to their accounts and financial information. This flexibility enables individuals to check balances, review transaction history, transfer funds, pay bills, and manage investments at their convenience, even outside traditional banking hours.
3. Enhanced Efficiency: Online banking streamlines financial tasks by automating processes that would typically require manual intervention. Features like recurring payments, online transfers, and electronic statements simplify account management, making it easier to track expenses and monitor financial health.
4. Cost Savings: Online banking often offers reduced or waived fees compared to traditional banking services. Electronic transactions, such as online bill payments and fund transfers, eliminate the need for paper checks and postage fees. Additionally, online banks may have lower overhead costs, allowing them to pass on these savings to their customers.
Conveniences Offered by Online Banking:
1. Online Bill Payment: Online banking enables users to pay bills electronically, eliminating the hassle of writing checks and mailing payments. Many banks offer automated bill payment options, allowing customers to set up recurring payments for regular expenses, ensuring bills are paid on time.
2. Mobile Banking: The rise of mobile banking applications provides users with the convenience of accessing their accounts and conducting transactions directly from their smartphones or tablets. Mobile banking apps offer functionalities such as mobile check deposit, account alerts, and real-time balance updates, enhancing the banking experience on the go.
3. Electronic Fund Transfers: Online banking facilitates quick and secure fund transfers between accounts, both within the same bank and to other financial institutions. Transferring money to family, friends, or businesses is made simple through features like interbank transfers, person-to-person payments, and wire transfers.
Safety and Security Measures:
Online banking employs advanced security measures to protect customers' financial information and transactions. These measures typically include encryption protocols, secure login procedures, and multifactor authentication. Additionally, reputable online banks implement robust firewalls and regularly update their systems to safeguard against cyber threats.
While online banking has seen significant advancements in security, it is crucial for users to practice responsible online behavior. This includes regularly updating passwords, being cautious of phishing attempts, and ensuring the use of secure networks when accessing online banking platforms.
Conclusion:
Online banking offers numerous advantages and conveniences that have made it an attractive option for many individuals seeking efficient and accessible financial management. The convenience of 24/7 access, cost savings, and streamlined processes are key factors that have contributed to its popularity. When coupled with the industry's commitment to robust security measures, online banking provides a safe and reliable means of managing personal finances in the digital age.
Note: The information provided in this report is based on general knowledge and may vary depending on the specific online banking services and institutions. It is advisable to consult the policies and terms of your chosen online banking provider for detailed information.
Amber’s starting salary for her new job will be $35,500 a year. How much will she pay to the Social Security system for her first year assuming total FICA withholdings of 7.65%?
Answers
Answer:
I dont know the answer but I want whatever job she has
Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00
Answers
what are downstream value chains
Answers
Downstream value chains refer to the stages of production and distribution that occur after the manufacturing or production of a product. It involves the processes, activities, and entities that are responsible for delivering the final product to the end consumer.
Downstream value chains typically include activities such as marketing, sales, distribution, retailing, and customer service. These stages focus on adding value to the product, ensuring its availability to the target market, and meeting customer demands. It involves activities like packaging, branding, logistics, pricing, and after-sales support.
Efficient management of the downstream value chain is crucial for achieving customer satisfaction, market reach, and profitability. It involves coordinating with intermediaries, managing distribution channels, and implementing effective marketing strategies to promote and deliver the product to consumers.
By optimizing the downstream value chain, organizations can enhance their competitiveness, expand market share, and capture customer loyalty in the final stages of the product's journey from producer to consumer.
For more such questions on Downstream value
https://brainly.com/question/14567642
#SPJ8
Indicate whether each of the following types of transactions will either (a) increase owner’s equity or (b) decrease owners equity
Answers
Revenue and owners investment would increase owners equity whereas expenses and owners withdrawals would decrease it
What is owners equity?
Owners equity refers to the capital contributed by the owners and retained earnings that increased it over time since the capital was invested
Expenses would decrease owners equity because it will reduce the profits which are to be added to owners equity
Revenue would increase owners equity since it would increases net the profit
Owners new investment would increase owners equity as it is an additional owners equity invested in the company
Owners withdrawals would decrease owners equity since it means the owners withdrawing part of their invested capital
Find out more about owners equity on:https://brainly.com/question/17090843
#SPJ1
Full question:
Indicate whether each of the following types of transactions will either (a) increase owner's equity or (b) decrease owner's equity:
1. Expenses.
2. Revenues.
3. Owner's investments.
4. Owner's withdrawals.
Ty ran a shop that sold and traded sports cards and sports memorabilia. He bought space on a billboard overlooking one of the main highways into the city and included the shop’s phone number (555-CARDS). The shop soon received a flood of phone calls inquiring about his location, stock, and business hours. The number of customers entering the store increased by tenfold and his sales doubled. Every person who traveled to Ty’s shop to look at his inventory as a result of his billboard promotion are
a.organic traffic
b.referrals
c.examples of up-selling
d.prospects
Answers
Every person who traveled to Ty’s shop to look at his inventory as a result of his billboard promotion are prospects.
Who is a prospect?A prospect is an individual or group of people with the likelihood of buying or purchasing a product.
They are in the market for the product and has the money to buy the product. They fit into who the company identify as potential customers.
Therefore, Every person who traveled to Ty’s shop to look at his inventory as a result of his billboard promotion are prospects.
Learn more on prospect here
https://brainly.com/question/380037
Do you agree with the 2018 supreme court decision to now make these online vendors charge sales tax?
Answers
I agree with the 2018 supreme court decision to now make these online vendors charge sales tax.
What is sales tax?
A sales tax is a type of consumption tax that local or state governments apply on the sale of products or services that customers pay for when they make a purchase. When a firm has a link to the jurisdiction in some way, it is responsible for collecting sales tax and sending payments to the government.
It is typically referred to as an usage tax when a tax on products or services is paid directly to a governing body by a customer.
Read more on sales tax here: https://brainly.com/question/1700984
#SPJ1
Compare and contrast the three modes of communication; monologic, dialogic and resistant background conversations.
Answers
The difference between monological and dialogical communication lies in the participation of the people involved in the communication.
What is the difference between the three types of communication?The difference between these three modes of communication is that in monologic one person listens to what another person is saying, in dialogic both participate actively speaking and listening, and in resistant background conversations the participants are completely passive and only hear what others say. .
Learn more about communication in: https://brainly.com/question/22558440
#SPJ1
According to the extract, the entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
Answers
Tthe business idea is banking agent operating POS machine. the idea is as a result of absence of financial institution in the area and the demand for money.
How can one generate a business idea?1. Identify a problem or a need in a specific market or industry. For example, absence of financial institution in my area.
2. Research the market to understand its size, growth potential, and competition.
3. Brainstorm potential solutions to the problem or ways to address the need. e.g. provision of POS machine in my own case.
4. Evaluate the feasibility of the solutions based on factors such as market demand, resources required, and potential profitability. People need cash everytime in my area where cashless economy is not in place.
5. Select the most viable solution as your business idea. e.g. withdrawal point like in my case.
To determine the feasibility of your business idea, you can consider the following factors:
1. Market demand: Is there a real need for your product or service? Is the market large enough to support your business?
2. Competition: Who are your competitors, and how will you differentiate your business from theirs? What are the barriers to entry in the market?
3. Resources required: What resources will you need to launch and grow your business? Can you obtain these resources?
4. Financial viability: What are the startup costs, and what is the potential revenue and profitability of your business?
5. Legal and regulatory considerations: Are there any legal or regulatory requirements that you need to comply with to operate your business?
On this basis, if you have a specific business idea in mind, you can evaluate its feasibility by considering these factors. If you don't have a specific idea yet, you can start by identifying a problem or need in a market or industry that interests you and conducting research to identify potential solutions.
learn more about market feasibility study: https://brainly.com/question/30321336
#SPJ1
Loans are usually offered at the full value of the collateral. True or False
Answers
Loans are usually offered at the full value of collateral is the true statement.
What is collateral?Collateral is the security or the garantee that an lender accepts on behalf of the loan. It is an asset which is accepted by lender till the repayment of his loan.
Loans are generally provided on the full value of collateral and it helps in the extension of the loan. The lender also get assured by the collateral specially at the time of non payment of loan he will be able to recover it from collateral.
Learn more about loans here:
https://brainly.com/question/7299838
#SPJ1
If Hawk Manufacturing incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents the
Answers
Answer:
Joint cost incurred in the process
Explanation:
In domain of accounting, a joint cost can be regarded as a cost that is been incurred in a joint process. Joint costs may encompass costs like direct material,overhead costs as well as direct labor that is been incurred during a joint production process.
joint production process can be regarded as one whereby one input give yields of multiple outputs. This process helps to automatically creates other types of output product when creating one type of output.
For instance, Joint cost when a Manufacturing company incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents the Joint cost .
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $202,600 Estimated machine-hours 2,000 Actual manufacturing overhead $194,600 Actual machine-hours 1,930 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The applied manufacturing overhead for the year is closest to:
Answers
Answer:
$195,509
Explanation:
The computation of the applied manufacturing overhead is shown below:
But before that the predetermined overhead rate is
= Estimated manufacturing overhead ÷ estimated machine hours
= $202,600 ÷ 2,000
= $101.30
Now the applied overhead is
= Actual machine hours × predetermined overhead rate
= 1,930 × $101.30
= $195,509
Eaton Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produces 5,000 nubby tires and 10,000 smooth tires each year and incurs $172,000 of overhead costs. The following information is available:
Activity Total Cost Cost Driver
Materials handling $60,000 Number of requisitions
Machine setups 55,000 Number of setups
Quality inspections 57,000 Number of inspections
For the nubby tires, the company has 400 requisitions, 200 setups, and 200 inspections. The smooth tires require 600 requisitions, 300 setups, and 400 inspections.
Determine the overhead rate for each activity.
Answers
Answer:
Materials handling= $60 per requisition
Machine setups= $110 per setup
Quality inspections= $95 per inspection
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Materials handling= 60,000/1,000= $60 per requisition
Machine setups= 55,000/500= $110 per setup
Quality inspections= 57,000/600= $95 per inspection
The violation of a material warranty or other material provision of a policy allows
Answers
For example, if a homeowner's insurance policy includes a material warranty that the home has a functioning smoke detector system, but the insured party intentionally disables the smoke detectors, this could be considered a violation of the material warranty. If a fire were to occur in the home and cause significant damage, the insurer may be able to deny coverage or cancel the policy due to the violation of the material warranty.
Similarly, if a business liability insurance policy includes a material provision that the insured party must maintain a certain level of safety standards or risk management practices, but the insured party fails to do so, this could be considered a violation of the material provision. If a liability claim is made against the business and it is found that the failure to maintain safety standards or risk management practices contributed to the claim, the insurer may be able to deny coverage or cancel the policy.
- Ethical Considerations. Is managing a business in ways
that reflect society's core values always ethical? Explain
your answer.
Answers
Yes
It is because it really helps