Bryan Inc. produces a specialty top-quality juice machine. The product, the JM50, requires four processes to be completed. Specifically, these processes are exterior construction, pulp filter insertion, painting, and packaging. Each process is performed at separate workstations with different completion rates: Exterior construction can manufacture 100,000 juicer exteriors per day. Pulp filter insertion can install 25,000 filters every 6 hours. Painting can decorate 3,000 juicers every half hour. Packaging can package 5,000 juicers per hour. The plant operates 24/7, 24 hours a day every day of the week. How many JM50 machines can Bryan Inc. manufacture per month (assume an average 30-day month)

Answers

Answer 1

Answer:

3,000,000 juicers

Explanation:

Maximum numbers per workstation in 30 days:

Exterior construction = 100,000*30 = 3,000,000

Pulp filter = 25,000*24/6*30 = 3,000,000

Painting = 3,000*24/0.5*30 = 4,320,000

Packaging = 5,000*24*30 = 3,600,000.

The lowest of the numbers above is 3,120,000 and that means that Bryan inc. can manufacture 3,000,000 juicers.


Related Questions

Stationery Supplies is considering installing an inventory control system in its store in Provo, Utah. The store carries about 1,400 different inventory items and has annual gross sales of about $80,000. The inventory control system would cost $12,500 to install and about $2,000 per year in additional supplies, time, and maintenance. If the savings to the store from the system can be represented as a fixed percentage of annual sales, what would that p

Answers

Answer:

5.63%

Explanation:

Missing word "have to be in order for the system to pay for itself in five years or less?"

Total cost = Installation cost + Holding cost

Total cost = 12500 + (2000*5)

Total cost = $22,500

Sales * Saving rate * Number of years = Total cost

80,000 * S * 5 = $22,500

S = $22,500/$400,000

S = 0.05625

S = 5.63%

Thus, it is required for the company to have 5.62% of saving rate per year to pay for the system.

Item9 Time Remaining 34 minutes 55 seconds00:34:55 Item 9 Time Remaining 34 minutes 55 seconds00:34:55 Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. Production volume 13,900 units 15,000 units Direct materials $ 813,150 $ 877,500 Direct labor $ 215,450 $ 232,500 Manufacturing overhead $ 1,011,500 $ 1,024,150 The best estimate of the total variable manufacturing cost per unit is: (Round your intermediate calculations to 2 decimal places.) Multiple Choice

Answers

Answer:

$85.50

Explanation:

Particulars              Amount       Amount     Difference

Direct materials      $813,150      $877,500     $74,350

Direct labor             $215,450     $232,500     $17,050

Manufacturing OH  $1,011,500   $1,024,150    $12,650

T.V. Overheads       2040100     2134150        $94,050

Production Volume   13,900         15,000         1,100      

Variable Cost per unit                                      $85.50

EK Chemical Company sells a specialty chemical in packages marked 83 g. In reality, EK has set the process mean at 84.0 g, and the process currently has a standard deviation of 1.85 g. Suppose the customer will accept anywhere from 78 to 88 g, as long as the average package has at least 83 g a. The process capability index for the current manufacturing process is___________(Enter your response rounded to three decimal places.)

Answers

Answer:

0.7207

Explanation:

Mean  μ = 84g

SD σ = 1.85g

Upper specification limit (USL) = 88g

Lower specification limit (LSL) = 78g

Cpk = Min[USL - μ/3σ,  μ-LSL/3σ]

Cpk = Min[88 - 84/3*1.85, 84-78/3*1.85]

Cpk = Min[4/5.55, 6/5.55]

Cpk = Min[0.7207, 1.0811]

Cpk = 0.7207

So, the process capability index for the current manufacturing process is 0.7207

Karev Company started Year 2 with a $500 balance in its Cash account, a $500 balance in its Supplies account and a $1,000 balance in its common stock account. During Year 2 the company experienced the following events. (1) Paid $334 cash to purchase supplies (2) Physical count revealed $211 of supplies on hand at the end of Year 2 Based on this information the amount of supplies reported on the Year 2 Balance Sheet is $_______________

Answers

Answer: $211

Explanation:

Based on the information given in the question, the amount of supplies reported on the Year 2 Balance Sheet will be $211.

The answer is $211 because that is the actual inventory that was given in the question and therefore should be the value that should be reported on the Year 2 balance sheet.

Jennifer has recently found a new job at a local architectural firm. They have offered her a chance to invest money for her retirement. For every 6 percent Jennifer invests from her salary, her company will fund 3 percent. What type of investment does this describe?

A.
money market mutual fund

B.
certificate of deposit

C.
bond

D.
401k

Answers

The answer is D.) 401k

Don't worry about the picture it tells you the correct answer

Hope this helps

401k is the investment option offered by Jenifer’s employer to her.

What is a 401K plan?

Popularly known as an employer-sponsored retirement plan, a 401(K) plan allows certain eligible employees to make tax-deferred contributions from their pay or compensation, based on pre-established criteria.  A 401(k) match is money put into your account by your employer. Up to a predetermined percentage of your pay, your company will match all or a portion of every dollar you put into your 401(k). Employer matching is a crucial perk of your employment that, over time, can greatly increase your 401(k) retirement savings. The employer contribution is pre-tax, whereas the employee contribution is post-tax.

Employers who offer 401(K) plans are also allowed to include a profit-sharing component in the plan as well as make matching or non-elective payments to the plan on behalf of eligible employees.

The typical 401(k) plan is very versatile and provides close to 25 distinct investment possibilities. The fund fees, which were formerly a significant problem, have been steadily declining, which lessens the strain on employees' retirement funds. In fact, the 401(k) contributions that invested a sizeable sum in these index funds as low cost and low risk methods of engaging in the equity markets are responsible for the index funds' quick surge in popularity in the US, including Vanguard and Blackrock. Employees have access to a low-cost way to invest for the future, and since 401(k) contribution limits are inflation-indexed, participants can gradually make higher contributions.

Employers most frequently match worker contributions up to a percentage of annual income. There are a number possible ways to implement this constraint. Your employer has the option of matching all of your contributions up to a certain percentage of your overall compensation or only a portion of them. The latter circumstance necessitates you to make additional contributions to your plan in order to earn the maximum match, even while the overall cap on employer contributions stays the same.

To learn more about 401k plan, click here

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Why do managers suggest that ignoring all cash flows following the assigned payback period is not a major flaw of the payback method of capital budgeting analysis? Payback is never used in real practice so it makes no difference how academics apply the method in their studies If the cash flows after the required payback period are significant, managers will use their discretion to override the payback rule. All cash flows after the first two years are highly inaccurate so including them lessens the reliability of the resulting decision. All cash flows after the assigned payback period are relatively worthless in today’s dollars so ignoring them has no consequence. The results of including the cash flows after the required payback period rarely have any effect on the accept/reject decision.v

Answers

Answer:

The answer is "choice B".

Explanation:

Please find the numbering of the question in the attachment file.

Whenever the cash flows become substantial after the required period, managers would use their option to surpass the pay-back rule, as well as the managers, recommend that ignoring all investment returns after a period of pay-back would not be an important component in the capital-budget evaluation repayment process, that's why the choice "B" is correct.

Question Workspace
Check My Work (1 remaining)
eBook
A firm is evaluating the alternative of manufacturing a part that is currently being outsourced from a supplier. The relevant information is provided below:

For in-house manufacturing:

Annual fixed cost = $85,000
Variable cost per part = $130
For purchasing from supplier:

Purchase price per part = $140
If demand is forecast to be 2,500 parts, should the firm make the part in-house or purchase it from a supplier? Round your answer to the nearest whole number.

Break-Even Quantity:
parts

The best decision is to
-Select-
.

The marketing department forecasts that the upcoming year’s demand will be 2,500 parts. A new supplier offers to make the parts for $138 each. Should the company accept the offer? Round your answer to the nearest whole number.

New Break-Even Quantity:
parts

The best decision is to
-Select-
.

What is the maximum

Answers

Hey! Here's the answer.

0.0004×0.81/0.0027×0.004

Answers

Answer:

0.00048

Explanation:

I hope this helped

The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Creamy Crisp Multiple Choice has lower implicit costs, including a normal profit, than its explicit costs. is earning a normal profit but not an economic profit. is earning an economic profit. is suffering an economic loss, when implicit costs are considered.

Answers

Answer:

is earning an economic profit.

Explanation:

implicit costs = $50,000 + $80,000 + $6,000 = $136,000

revenues = $380,000

explicit costs = $22,000 + $120,000 + $8,000 = $150,000

economic profit = $380,000 - $150,000 - $136,000 = $94,000

Suppose that Denver Financial Co. expects the exchange rate of the New Zealand dollar (NZ$) to appreciate from its current level of 0.5 to 0.55 in 30 days. Denver Financial seeks to capitalize on this potential opportunity. Suppose that Denver Financial begins by borrowing $30,000,000 and converting it to New Zealand dollars (NZ$). The following table shows the short-term interest rates (annualized) in the interbank market.
Currency Lending Rate Borrowing rate
(Adjusted for 30-day period) (Adjusted for 30-day period)
U.S. Dollars 6.62% 7.10%
New Zealand Dollars (NZ$) 6.38% 6.86%
Suppose that Denver Financial takes its NZ$60,000,000.00 and invests it. Denver Financial can earn a 0.0053 percent return after 30-days. Hint: Assume 360 days in a year At the end of 30-days, Denver Financial will have a total of NZ:___________(New Zealand dollars) from the investment.
a. $54287100
b. $42223300
c. $60319000
d. $48255200

Answers

Answer:

c. $60319000

Explanation:

My actual calculation was not exactly that number, it was NZ$60,318,000, but it is the closest option. You calculate it by multiplying the present value x (1 + interest rate) = $60,000,000 x (1 + 0.0053) = $60,000,000 x 1.0053 = $60,318,000

The question only asks to calculate the interest in NZ$, not to convert them to US$.

A firm has $3,600,000 in its common stock account and $36,000,000 in its paid in capital accountThe firm issued 450,000 shares of common stock. What was the issue price (market value) if only one stock issuance has occurred?

Answers

Answer:

the issue price is $88 per share

Explanation:

The computation of the issue price is shown below:

= (Common stock + paid in capital) ÷ (Number of common shares issued)

= ($3,600,000 + $36,000,000) ÷ 450,000 shares

= $39,600,000 ÷ 450,000 shares

= $88 per share

Hence, the issue price is $88 per share

The information below pertains to Teal Company for 2021.
Net income for the year $1,150,000
6% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 2,040,000
6% convertible, cumulative preferred stock,
$100 par value; each share is convertible into 3 shares of common stock 4,130,000
Common stock, $10 par value 6,030,000
Tax rate for 2021 20%
Average market price of common stock $25 per share
There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 73,600 shares of common stock at $20 per share.
Instructions
(a) Compute basic earnings per share for 2021.
(b) Compute diluted earnings per share for 2021.

Answers

Answer:

a. Basic EPS = (Net Income - Preferred dividend) / Number of shares for common stock

Basic EPS = ($1,150,000 - (4,130,000*6%) / (6,030,000/$10)

Basic EPS = ($1,150,000 - $247,800) / 603,000

Basic EPS = $902,200 / 603,000

Basic EPS = $1.50

b. Diluted EPS =  (Net Income - Preferred dividend) + Interest savings (net of tax) / (Average common shares + Potentially diluted common shares)

Diluted EPS =  ($1,150,000 - (4,130,000*6%) + (2,040,000*6%*(1-0.2) / (6,030,000/$10) + (2,040,000/1000 * 30) + (25-20/25 * 73,600)

Diluted EPS = $902200 + $97920 / 603,000 + 61,200 + 14,720

Diluted EPS = $1,000,120 / 678,920

Diluted EPS = $1.47

Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per pound for Mack’s peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when Mack asks for the higher amount, assuming both parties are merchants?

Mack’s offer becomes a counteroffer in this transaction, and Yolanda is the offeree.
Mack’s change of terms is incorporated into the standing deal.
Mack cannot make a new offer under UCC – he can only accept or reject Yolanda’s standing offer.
Mack’s offer negates the terms of the contract, and a new contract must be drawn up when both parties can meet.

Answers

Answer: D

Explanation:

Assume Concord Corporation has the following reported amounts: Sales revenue $1,000,000, Sales returns and allowances $29,000, Cost of goods sold $657,367, and Operating expenses $215,600. (a) Compute net sales. Net sales $enter net sales in dollars (b) Compute gross profit. Gross profit $enter gross profit in dollars (c) Compute income from operations. Income from operations $enter Income from operations in dollars (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.)

Answers

Answer:

Concord Corporation

(a) Net sales $971,000

(b) Gross profit $313,633

(c) Income from operations $98,033

(d) Gross profit rate = 313,633/971,000 * 100

= 32.3

Explanation:

a) Data and Calculations:

Sales revenue                      $1,000,000

Sales returns and allowances $29,000

Net Sales                                 $971,000

Cost of goods sold                $657,367

Gross profit                               313,633

Operating expenses             $215,600

Income from operations         $98,033

Chapter 5 Questions Answer the following items and upload your responses to the appropriate drop box by the due date. 1. Orange Sun Manufacturing, Inc. produces high quality sunglasses which are marketed and sold under various brand names. The production engineers have determined that each line employee accounts for approximately 10 units per labor hour. If employees work an average of 2000 hours per year, and projected sales for 2017 are 9.5 million units, how many line employees will we need for the coming year

Answers

Answer:

475 employees

Explanation:

Calculation for how many line employees will we need for the coming year

Line employees needed =9,500,000/(10 units x 2,000 hours let year )

Line employees needed= 9,500,000/20,000

Line employees needed= 475 employees

Therefore how many line employees will we need for the coming year is 475 employees

The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet.
She has studied three locations. Each would have the same labor and materials costs (food, serving
containers, napkins, etc.) of $1.76 per sandwich. Sandwiches sell for $2.65 each in all locations.
Rent and equipment costs would be $5,000 per month for location A, $5,500 per month for location B, and $5,800 per month for location C.
a. Determine the volume necessary at each location to realize a monthly profit of $10,000.
b. If expected sales at A, B, and C are 21,000 per month, 22,000 per month, and 23,000 per
month, respectively, which location would yield the greatest profits?

Answers

Answer:

Genuine Subs, Inc.

a. Volume necessary at each location to realize a monthly profit of $10,000:

Locations                      A                B                C

Sales volume =      16,854         17,416         17,753

b. Location C yields the greatest profits.

Explanation:

a) Data and Calculations:

Locations                      A                B                C

Sales per unit           $2.65        $2.65        $2.65

Variable cost               1.76            1.76            1.76

Contribution            $0.89         $0.89        $0.89

Fixed costs:

Rent & equipment

 cost                       $5,000      $5,500       $5,800

Target profit =         10,000       10,000        10,000

Sales volume = (Fixed cost + Target profit)/Contribution per unit

=                            $15,000    $15,500       $15,800

Contribution            $0.89         $0.89        $0.89

Sales volume =      16,854         17,416         17,753

Location yielding the greatest profits:

Locations                      A                B                C

Contribution            $0.89         $0.89        $0.89

Expected sales units 21,000       22,000   23,000

Contribution margin $18,690    $19,580   $20,400

Rent & equipment

 cost                          $5,000     $5,500      $5,800

Profits                       $13,690    $14,080     $14,600

the true statement from the list below, regarding the Contribution Format Income statement. Multiple Choice The Contribution Format Income Statement could be prepared by someone external to the company just by using the reported GAAP Traditional Income Statement. The Contribution Format income statement is utilized only for external reporting purposes. The Contribution Format Income Statement is utilized for internal decisionmaking purposes. The format of the Contribution Format Income statement begins as: Sales minus Cost of Goods Sold equals Contribution Margin.

Answers

Answer:

The Contribution Format Income Statement is utilized for internal decision-making purposes.

Explanation:

The contribution format income statement is a most and useful tool for the planning and decision-making as it represents the revenue that is produced after subtracting the variable and fixed expenses. So it would be utilized for the decision-making motive for internal.

Elm Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $420,000 $350,000 Work in process inventory 400,000 275,000 Finished goods inventory 200,000 125,000 During 2020, $750,000 of raw materials were purchased, direct labor costs amounted to $560,000, and manufacturing overhead incurred was $630,000. The total raw materials available for use to assign to production during 2020 for Elm Company is Group of answer choices

Answers

Answer:

$680,000

Explanation:

The computation of the raw material allocated to production is shown below:

As we know that

Raw materials used in production = Beginning raw materials + Purchase of raw materials -  Ending raw materials

= $350,000 + $750,000 - $420,000

= $680,000

Whats the difference between a debit card and a credit card ? ( PLEASE GIVE LARGE EXPLANATION )

Answers

Answer:

The main difference between a debit card and a credit card is that a debit card withdrawals money from your current account balance while a credit card allows you to borrow money that is to be paid back in the future. Immediate vs. Future Payment

Explanation:

On January 1, 2020, Ann Price loaned $216216 to Joe Kiger. A zero-interest-bearing note (face amount, $280000) was exchanged solely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 9%. The present value of $280000 at 9% for three years is $216216. What amount of interest income should Ms. Price recognize in 2020

Answers

Answer:

$19,459.44

Explanation

Interest expense in 2020 = Loan amount * Prevailing rate of interest

Interest expense in 2020 = $216216 * 9%

Interest expense in 2020 = $19,459.44

So, $19,459.44 is the amount of interest income that Ms. Price should  recognize in 2020

A yield can be paid in form of what

Answers

Answer:

Interest and dividends.

Explanation:

Rate of return can be defined as the percentage of an interest or dividends earned on an amount of money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

A yield can be defined as an amount of money gained from an investment.

Hence, a yield can be paid in form of interest and dividends.

You oversee the $250 petty cash for your company. When an employee needs a special item that is not in inventory, you take money from petty cash to purchase that item.
One day, you are short on cash for lunch. You decide to borrow $10 each day for the next 3 days until payday for a total of $30 from petty cash. After payday, you do not have enough to repay petty cash, so you decide to record a cash short/over expense of $30.

Respond to the following in a minimum of 175 words:

Since this is the first time you have ever done this, is this a problem?
If so, what steps should be taken to fix this problem? If not, why not?

Answers

Answer:

Since this is the first time you have ever done this, is this a problem?

Of course this is a problem, you stole money. Stealing money is not right and it is a problem. If someone finds out, you will lose your job. legally, you could also be prosecuted, but the amount is very little. Another problem is that if you are able to go unpunished and no one finds out, this behavior will continue until you cannot hide it anymore. By then , the amount might be larger, not just a few dollars, and you will be in deep trouble.

If so, what steps should be taken to fix this problem? If not, why not?

Pay back the money you took. Simple as that. Sometimes, doing the correct thing is not difficult. Do not spend money on unnecessary things and pay the $30. Do it before this becomes a bad habit and you get into serious trouble that seriously damage your career. No company will hire someone fired for stealing money form their previous employer.

Gelb Company currently manufactures 56,500 units per year of a key component for its manufacturing process. Variable costs are $4.05 per unit, fixed costs related to making this component are $85,000 per year, and allocated fixed costs are $78,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.50 per unit. Calculate the total incremental cost of making 56,500 units and buying 56,500 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier

Answers

Answer:

Incremental Costs to Make

Variable Cost Per Unit = $4.05 = 56,500 units*$4.05 = $228,825

Fixed Manufacturing Costs =                                            $85,000

Total Incremental Costs to Make                                    $313,825

Incremental Costs to Buy

Purchase Price Per Unit = $3.50 = 56,500 unit*$3.50 = $197,750

Total Incremental Cost to Buy                                       = $197,750

The company should buy the component from outside supplier as it results in a lower total incremental cost of $197,750

how do I create a marketing plan ​

Answers

Write a simple executive summary.
Set metric-driven marketing goals.
Outline your user personas.
Research all of your competitors.
Set accurate key baselines & metrics.
Create an actionable marketing strategy.
Set tracking or reporting guidelines.

Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records: Total equivalent units of materials: 5,000 Total equivalent units of conversion: 4,400 Units started and completed during the period: 3,500 On the basis of this information, the ending work-in-process inventory's stage of completion is: Multiple Choice 60%. 40%. 80%. 70%. some other percentage not listed.

Answers

Answer: 60%

Explanation:

Find the ending work in process.

Materials are complete at inception so the Equivalent units of Materials represent the total units.

Ending WIP will therefore be:

= Materials EUP - Units started and completed

= 5,000 - 3,500

= 1,500 units

Stage of completion is based on Conversion.

Conversion EUP = Total started and completed + (x% * Closing WIP)

4,400 = 3,500 + (x% * 1,500)

4,400 = 3,500 + 15x

15x = 4,400 - 3,500

15x = 900

x = 900/15

x = 60%

Conversion is 60% complete so this is the stage of completion.

whats a good song

ill mark brain star

Answers

Answer:

it depends like like this person nf.....and kpop.....

there is a song from him....clouds and intro 1 2 and 3

Explanation:

I listen to stray kids too:))))))))))

explain the 5 methods used to measures national income​

Answers

Answer:

National income can be measured through three different methods. The methods are as follows:

1. Product method

In this method National income is determined by the market value of all the final goods and services produced within a nation during a fixed time period.( The goods and Services does not include intermediate goods.)

2. Expenditure method

Under this method the national Income is determined by the total spending on final goods and services which are produced within a nation in a fixed time period.

3. Income method

As the name suggests , national Income under this method is calculated by adding the incomes received by producers.

Explanation:

:)

Accrued revenues: Multiple Choice At the end of one accounting period result in cash receipts in a future period. At the end of one accounting period often result in cash payments in the next period. Are also called unearned revenues. Are listed on the balance sheet as liabilities. Are recorded at the end of an accounting period because cash has already been received for revenues earned.

Answers

Answer:

At the end of one accounting period result in cash receipts in a future period.

Explanation:

Accrued revenues is money owed by customers for goods bought or services purchased.

Accrued revenue is recorded as an asset on the balance sheet as receivables.

For example, if a customer buys a dress and is yet to pay for the dress. the amount the customer is supposed to pay is recorded as an accrued revenue at the end of the accounting period

Unearned revenue is money received by a company for services that are yet to be rendered.

Heinz Company began operations on January 1, 2017, and uses the first in, first out (FIFO) method in costing its raw material inventory. Management is contemplating a change to the last in, first out (LIFO) method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed: Final Inventory 2017 2018 FIFO $640,000 $ 712,000 LIFO $560,000 $636,000 Net Income (computed under the FIFO method) $980,000 $1,030,000 Based on the above information, a change to the LIFO method in 2018 would result in net income for 2018 of ________. Group of answer choices $1,070,000 $1,030,000 $954,000 $950,000

Answers

Answer:

C. $954,000

Explanation:

Final inventory      FIFO            LIFO      Difference

2017                      640,000    560,000     80,000

2018                      712,000     636,000      76,000

Note: When method is changed to LIFO in 2018, it will effect ending inventory of 2018 only.

Net income as per FIFO                         $1,030,000

Decrease in income due to decrease  -$76,000    

in the ending inventory as per LIFO

Net income as per LIFO                         $954,000

So, a change to the LIFO method in 2018 would result in net income for 2018 of $954,000

The government passes a new investment tax credit initiative. Which input in the production function changes, and what is the effect on economic growth in the country? The capital stock decreases, and economic growth is negatively affected. Technological advance occurs, but there is no effect on economic growth. The capital stock increases, and economic growth is positively affected. Human capital is enhanced, and economic growth is positively affected.

Answers

Answer: The capital stock increases, and economic growth is positively affected.

Explanation:

If the government offers an investment tax credit, a situation will arise where entities will invest more knowing that they do not have to pay as much in taxes.

This investment will lead to an increase in capital stock as this is what investment purchases to enable production. With more capital stock, production levels will rise and the economy will grow.

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