Lionel's Lawn Care is a company that maintains residential yards. Lionel's cost for his standard package of mowing, edging, and

Answer:

If Brett Thiesen wishes to advocate for regional economic integration to his constituents, he can assert:

E) free trade boosts economic growth, resulting in dynamic trade benefits.

Explanation:

Free trade among neighboring nations is the key to "enhancing economic growth and fostering dynamic trade benefits." As defined by sources, "Free trade signifies a trade practice without limitations on imports or exports." This system facilitated the formation of the European economy, allowing for the adoption of the Euro across various countries. Furthermore, regional free trade promotes not just goods but also the exchange of people, services, and cultural interactions.

Response:

$8,000

Clarification:

                                                    khaki shorts           khaki pants

machine minutes per unit                    15                         24

contribution margin per unit               $16                       $32

CM per machine minute                  $1.067                   $1.33

minimum demand                            3,000                   3,000

machine minutes required              45,000                72,000

total machine minutes available               288,000

total machine minutes remaining               171,000

production                                             0                       7,125

total production                                3,000                   10,125

total contribution margin               $48,000               $324,000

adding 100 more machine hours will elevate production time by 6,000 minutes, enabling the creation of an additional 250 khaki pants. Thus, the contribution margin increases by 250 x $32 = $8,000

I calculated contribution margin per minute; alternatively, contributing margin per hour could also be computed to identify which product yields better profitability.  Contribution margin per hour for shorts = $64, and for pants = $80. The outcome remains unchanged.

Answer:

The answer is "$7,630".

Explanation:

If we take into account that there are four weeks in a month, then

Joe's earnings can be calculated as:

=

= ($)

Zola's earnings can be calculated as:

=

=

= ($)

Thus,

The total gross monthly income would be:

=

=

= ($)

Answer:

Explanation:

a. On March 2

Debiting Accounts Receivable A/c $$887,400

                                             Crediting Sales A/c $$887,400

(Recognizing the sale of inventory at sale price)

Debiting Cost of Goods Sold A/c $

                    Crediting Merchandise Inventory A/c $571,700

(Recognizing merchandise sold at cost)

b. On March 8

Debiting Sales Return and Allowance A/c  $103,200

                                 Crediting Accounts Receivable  $103,200

(Recording the sales return)

Debiting Merchandise Inventory A/c  $62,500

                                        Crediting Cost of Goods Sold A/c  $62,500

(Recording the sales return)

c. On March 12

Debiting Cash A/c $768,516

Debiting Sales Discounts A/c $15,684

         Crediting Accounts Receivable A/c $784,200

(Recording cash received)

Calculating the balance owed is as follows:

= Sale of inventory - Returns

= $887,400 - $103,200

= $784,200

And the discount = $784,200 × 2% = 15,684

Answer:

setup cost = $1.75

setup time = 2.625 min

Explanation:

given data

The firm operates for 250 days annually.

Annual demand is 22,000.

Daily demand is 88.

Daily production stands at 250.

Desired lot size is set at 63 (equivalent to 2 hours of output).

Holding costs are $40 per unit each year.

To determine

the setup cost and setup time

solution

The setup cost is calculated as

setup cost = ......................1

Here, Q represents the desired lot size, H is the holding cost, d denotes daily demand, D is annual demand, and p is the daily output.

Plugging in the values,

setup cost =

setup cost =

setup cost = $1.75

Next,

the setup time is given by

setup time = ....................2

setup time =

setup time = 2.625 min