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20 days ago
6

Prepare a net worth statement for Ben Lingo based on this information: He owns a car worth $2,000, but owes $1,500 on it at the

bank. Ben has $150 in his savings and $82 in his checking account. His personal property inventory totals $1,200, and he also owes $80 to his credit union.
Business
1 answer:
Mariulka [3.8K]20 days ago
5 0
Answer: Ben Lingo's Net Worth Statement: Assets: Cash $82, Savings $150, Car $2,000, Inventory $1,200, Total Assets = $3,432. Liabilities: Car loan $1,500, Credit Union loan $80, Total Liabilities = $1,580. Net Worth = Total Assets - Total Liabilities = $3,432 - $1,580 = $1,852.
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1 month ago
For years, many U.S. corporations made cameras. Today; however, most cameras sold in the United States are imported from Japan a
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Answer:

Comparative advantage

Explanation:

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The management of warby parker believes that its operations must be grounded in
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Answer:

Warby Parker is a company specializing in eyewear that produces designer glasses at affordable prices. The company's management believes in the importance of grounding its operations in Corporate Social Responsibility.

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Warby Parker is an eyewear manufacturer creating designer glasses that remain budget-friendly. The management asserts that its operations should be based on principles of Corporate Social Responsibility.

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2 months ago
A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the
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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 = \frac{Q^2*H*(1-\frac{d}{p})}{2D}......................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 = \frac{63^2*40*(1-\frac{88}{250})}{2*22000}

setup cost = \frac{2969*40*(0.648)}{44000}

setup cost = $1.75

Next,

the setup time is given by

setup time = \frac{setup\ cost}{setup\ labor}....................2

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8 0
1 month ago
Assume Chester Corp. is downsizing the size of their workforce by 20% (to the nearest person) next year from various strategic i
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Answer:

$311,100

Explanation:

Solution

Let's remember the following details:

The assumption is that Chester Corp has reduced its workforce by = %

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That is,

= 61 x 5100 = $311,100

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2 months ago
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