a. The Purchasing Department has five purchasing agents who are full-time and earn $ 35,000 per year. Each purchase order takes 90 minutes and costs about $ 5 for forms and supplies. On average, each order also takes about 45 minutes of telephone or internet time to reach a potential supplier. The company pays a flat monthly rate for telephone and internet services. The depreciation rate for office equipment in the purchasing department was S3,000 per month.

b .El Munchies, a taco outlet near campus, hires staff for $ 7.5 per hour. Every staff member knows that the number of hours varies each week depending on the amount of business El Munchies expects to do. Food ingredients are purchased from restaurant suppliers as needed. In this case, there is a four day supply of perishables and a month of perishables in stock, such as napkins and paper cups. Electricity and water are paid monthly based on the previous month's usage. El Munchies rented buildings and parking lots for three years. Each month, this restaurant pays for newspaper and radio ads for the following month.

c. Jared Benning ran a lawnmower service during the summer to help him pay for college. Jared bought a lawn mower (which runs on petrol and has to change the oil every month) and a tree trimmer that runs on gas. Jared bought usable oil for the season in early summer because he could get a discount when he bought in bulk. From time to time, Jared had to go elsewhere. If this happens, his friend who will replace him cut the grass. He and his friend had agreed on a fee per garden yard for this service. Jared owns a pick-up and uses it to haul equipment.

Instructions

Classify the resources in each of the above situations as flexible or bound resources! For bound resources, determine whether the resource is categorized as tied resources in the short term or tied to several periods!

Answer rating: 100% (QA)

Resources Category Reason a1 Purchasing agents Bound resource tied resource in the short term They a... View the full answer