RajDee Furniture Company (RFC) buys and sells office furniture. The company buys chairs from a manufacturer for $40 per unit. Or

Response:

A. Report if you’ve been placed on any state or federal exclusion list

Clarification:

While employed within an organization, certain responsibilities concerning compliance, integrity, and honesty are present, including but not limited to:

1. Reporting if they find themselves on a state or federal exclusion list, inclusive of the Officer of Inspector General (OIG) and the General Service Administration (GSA)

2. Promptly report any criminal offense if convicted, except for minor traffic violations

Convictions do not pertain to the following:[

a. Arrests or charges

b. Dismissed judicially

c. Felony convictions, which also entails controlled substance offenses must always be reported

thus, the correct selection is a.

Answer: $1,651

Explanation:

The sole cost associated with Internal failure is the expense for fixing the dog beds prior to sale, totaling $1,651.

The remaining costs fall into the following categories:

1. Repairs for dog beds under warranty - External failure cost Seamstress training. -
2. Prevention cost Wages of part-time inspector of products - Appraisal cost
3. The cost of replacements provided to customers for defective dog beds - External failure cost
4. Product liability insurance - External failure cost
5. Inspection of sewing machines during routine maintenance - Appraisal cost Inspection of fabric and thread for defects -
6. Appraisal cost

820,000 + 15,000x = 920,000 + 13,900x. This results in

1,100x = 100,000, thus x = 91 units. For the break-even analysis: 1) Break-even point = fixed costs / contribution margin for Bonham: 820,000 / (28,000 - 15,000) = 63 units. Similarly, for McKinney, the break-even is 920,000 / (28,000 - 13,900) = 65 units.

The strategic management process consists of defining a company's mission and vision, its overarching strategy, and crafting its strategic plans and control.

• A company that gradually eliminates product lines or liquidates inventory is engaging in a defensive strategy.

• This defensive strategy is also known as a retrenchment strategy, which involves scaling back the organization's efforts.

• For example, a company might minimize expenses by selling off (liquidate) assets—such as land, buildings, and inventories.

A defensive strategy aids organizations in consistently lowering costs and phasing out product lines or services..

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40%

Explanation:

Total assets. $240,000

Less total liabilities ($130,000)

$110,000

Less common stock ($24,000)

Retained earnings at end $86,0000

Less Retained earnings at the beginning ($29,000)

Addition to retained earnings $57,000

Add dividends $6,400

Net profit earned $63,400

Add expenses $94,000

Revenue. $157,400

Therefore, company's net profit margin expressed as a percentage = Net profit earned / Revenue

= (63,400/157,400) × 100