Answer:
A partnership is easy and inexpensive to establish
the business benefits from pooled knowledge and skills of different partners
the workload is shared
more partners can be added,which could help increase capital
partnerships are not compelled by law to complete audits on financial statements
Explanation:
I think the taxes would decrease but increase for the company
Answer:
c. used to indicate where changes in technology and machinery need to be made
Explanation:
Standard Costs are established through past experiences and hence they can be used to control costs, and plan production schedules.
Changes in technology and machinery need to be made is part of perfomance management with a future outlook.
Answer:
Order size = 23 cars
The number of orders = 23
Explanation:
The economic order quantity (EOQ) is the order size that reduces the balance of holding and ordering cost. It is to be noted that at EOQ, the carrying cost is equal to the holding cost.
The EOQ is computed as shown below;
= √ 2 × Co × D)/Ch
Co = Ordering cost
D = Annual demand
Ch = Carrying cost
EOQ = √ 2 × 500 × 529 / 1,000
EOQ = 23
Number of cars to be ordered per time, I.e optimal order size = 23
Order size = 23 cars
2. The number of times orders should be placed per year would be calculated as;
Number of orders = Annual demand / Order size
Number of orders = 529 / 23
Number of orders = 23
Answer: Leased employee
Explanation:
Leased employee are employed by a service firm and assigned to work at a business or an organization.
They are contractual employee and paid on the basis of what is deemed in contract.