The firm has $20 million in liabilities. through the accounting concepts i.e., assets = owners equity + liabilities.
The accounting equation is the formula that states that the sum of a company's liabilities and equity equals its total assets (Assets = Liabilities + Equity). The unique relationship between a company's liabilities, assets and equity is the backbone of double-entry bookkeeping.Accounting equations are the basis of double-entry bookkeeping. The balance sheet formula shows that on a company's balance sheet, the company's total assets equal the sum of its liabilities and the company's equity. assets represent valuable resources managed by the company. Liabilities represent its obligations.Liabilities and equity both describe how a company's assets are financed.Debt financing is presented as debt and equity financing is presented as equity. increase.Thus, when assets equal to liabilities and owners' equity then we can easily bring out the liabilities i.e., $20 million.
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Once sales and profits decrease for a product, the product is in the stage of the product life cycle.
Maturity. In the maturity stage, sales slow down, indicating that the market has begun to reach saturation. This is also one of the stages of the product life cycle when pricing becomes competitive.
Maturity is a measurement of the ability of an organization for non-stop development in a selected discipline (as defined in O-ISM3[dubious – discuss]). The better the adulthood, the better can be the chances that incidents or errors will lead to improvements either inside the first-class or inside the use of the sources of the area as implemented by using the business enterprise. Most maturity models check qualitatively humans/culture, tactics/systems, and items/eras. Two procedures for enforcing maturity fashions exist. With a pinnacle-down technique, which includes proposed by using Becker et al., a set variety of adulthood stages or tiers is certainly first and in addition corroborated with characteristics (normally in form of particular evaluation gadgets) that help the initial assumptions approximately how maturity evolves.
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the table shows the cost and revenue information for a perfectly (or purely) competitive firm that produces external hard drives. use whole numbers to answer the six questions. quantity (units) fixed cost ($) variable cost ($) total revenue ($) 10 100 36 1,000 11 100 74 1,100 12 100 145 1,200 13 100 202 1,300 14 100 300 1,400 15 100 435 1,500 16 100 588 1,600 17 100 774 1,700 what is the marginal revenue received from the 11th unit? $ what is the marginal cost of producing the 11th unit? $ what price does this firm charge for each hard drive? $ per unit how many units should this firm produce to maximize profits? units when profit maximizing, what is this firm's profit?
a) The marginal revenue received from the 11th unit is $100.
b) The marginal cost of producing the 11th unit is $38 ($74 - $36).
c) The price the firm charges for each hard derive is $100 per unit.
d) The number of units this firm should produce to maximize profits is 14.
e) The firm's profits at the profit-maximizing level are $1,000.
What are the marginal revenue and marginal cost?The marginal revenue is the additional revenue generated by the firm in producing the 11th, 12th, or 13th units, etc.
The marginal cost is the additional cost the firm incurs when it produces an additional unit.
Quantity (units) Fixed cost ($) Variable cost ($) Total revenue ($) Profit
10 100 36 1,000 $864
11 100 74 1,100 $926
12 100 145 1,200 $955
13 100 202 1,300 $998
14 100 300 1,400 $1,000
15 100 435 1,500 $965
16 100 588 1,600 $912
17 100 774 1,700 $826
a) The marginal revenue from the 11th unit = $100 ($1,100 - $1,000).
b) Marginal cost for the 11th unit = $38 ($74 - $36).
c) Price per hard derive = $100 ($1,700/17).
In situations (d) and (e), the profit-maximizing units (14) ensure the highest profit as indicated in the table. After this level, as the firm increases production, its profits continue to decline.
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is a type of union security clause that is especially important to many union workers because of all the mergers, downsizings, and job reductions that take place.
The no-layoff policy is a type of union security clause that is especially important to many union workers because of all the mergers, downsizings, and job reductions that take place.
What is meant by the no lay off clause?This is the terminology that is used to refer to the policy that is sued to secure the job of workers in an economy.
What this policy dictates is that no one that is a worker in an economy would have to be laid off in any form due to the economic situation that is in the nation.
The clause helps to ensure that workers are able to maintain their jobs no matter what is going on.
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A name used by a sole proprietorship for a business instead of the proprietor’s actual name is called?.
The name used by a sole proprietorship for a business instead of the proprietor’s actual name is called trade name.
A sole proprietorship, also known as a sole proprietor, is not an incorporated business only with one owner who is liable for paying all taxes, debts etc. Since it isn't necessary to register a separate business or trade name, many sole proprietors function under their individual identities.
Due to a lack of governmental oversight, a sole proprietorship is the easiest uncomplicated business type to establish or liquidate. Sole proprietorship is easiest to establish as well as it has several benefits such as single decision-making rights, enjoy all profits himself as well as manage everything by himself.
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What organization did western farmers create in order to try and get the government to regulate the railroads?.
The Which group formed in response to the effect railroad monopolies had on farmers is Granger movement. The National Grange of the Order of Patrons of Husbandry or also known as The Grange can be defined as a social organization in the United States that encourages families to band together to promote the economic and political well-being of the agriculture and community.
The National Grange of the Order of Patrons of Husbandry or also known as The Grange has a purpose to advance methods of agriculture, as well as to promote the social and economic needs of farmers in the United States and was founded in 1867. The founder or Grange movement is Francis Marion McDowell, Oliver Hudson Kelley, and many more.
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suppose price per unit is $6, variable cost per unit is $2, fixed costs are $400 and the depreciation allowance per year is $500. the relationship between operating cash flow (ocf) and sales volume (q) can be expressed as: multiple choice question.
If fixed costs are $400 and the depreciation allowance per year is $500. the relationship between operating cash flow (ocf) and sales volume (q) can be expressed as: OCF = -400 + 4Q
What is operating cash flow?Operating cash flow (OCF) can be defined as the cash amount a company or an organization incurred from their business operation.
The relationship between operating cash flow (ocf) and sales volume (q) an be expressed as: OCF = -400 + 4Q
Where:
OCF = Operating cash flow
Q = Sales volume
Therefore the expression is OCF = -400 + 4Q
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The complete question is:
suppose price per unit is $6, variable cost per unit is $2, fixed costs are $400 and the depreciation allowance per year is $500. the relationship between operating cash flow (ocf) and sales volume (q) can be expressed as: multiple choice question.
OCF = -400 + 4Q
OCF = 400*Q - 4
OCF = 4/Q + 500
OCF = 400 - 4*Q
gabriele enterprises has bonds on the market making annual payments, with 7 years to maturity, a par value of $1,000, and selling for $950. at this price, the bonds yield 6.1 percent. what must the coupon rate be on the bonds
The Coupon rate of the Bond is calculated using a financial calculator as follows (Normally, the rate is calculated either using EXCEL Functions or by using Financial Calculator)
Variables Financial Calculator Keys Figure
Par Value/Face Value of the Bond [$1,000] FV 1,000
Coupon Amount PMT ?
Market Interest Rate or Yield to maturity 1/Y 6.00
on the Bond [6.00%]
Maturity Period/Time to Maturity N 7
[7 Years]
Bond Price [-$950] PV -950
We need to set the above figures into the financial calculator to find out the semi-annual coupon amount. After entering the above keys in the financial calculator, we get the annual coupon amount (PMT) = $51.04.
The coupon rate is calculated by dividing the annual coupon amount by the par value of the Bond
So, Annual Coupon Rate = [Annual Coupon Amount / Par Value] x 100
= [$51.04 / $1,000] x 100
= 5.10%
Normally, a bond that matures within one to three years is termed a brief-term bond. Medium or intermediate-term bonds are colloquially people who mature in four to ten years, and long-term bonds are those with an adulthood length this is extra than 10 years. A not unusual lengthy-time period device is a 30-yr Treasury bond.
A maturity date is a date when the very last fee is due for a mortgage, bond, or different financial product. It also shows the period of time wherein investors or creditors will get hold of hobby bills. Right here's how adulthood dates work for loans and investments.
A bond's term to maturity is the duration of time in the course of which the owner will get hold of interest bills at the funding. While the bond reaches maturity the importance is repaid.
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Match each of Maslow's Hierarchy Tiers to examples of needs in that tier.
Dignity, respect, admiration, and achievement
Air, water, food, warmth, and sleep
Shelter, stability, and freedom from fear
Friendship, affection, and being part of a group
Personal growth and amazing experiences
1. Maslow's Hierarchy Tier 1: Physiological 2. Maslow's Hierarchy Tier 2: Safety 3. Maslow's Hierarchy Tier 3: Love and belongingness 4. Maslow's Hierarchy Tier 4: Esteem 5. Maslow's Hierarchy Tier 5: Self-actualization
Each of Maslow's Hierarchy Tiers should be matched to examples of needs in that tier as follows:
Maslow's Hierarchy Tier 1: Physiological; air, water, food, warmth, and sleep. Maslow's Hierarchy Tier 2: Safety; shelter, stability, and freedom from fear.Maslow's Hierarchy Tier 3: Love and belongingness; friendship, affection, and being part of a group.Maslow's Hierarchy Tier 4: Esteem; dignity, respect, admiration, and achievement.Maslow's Hierarchy Tier 5: Self-actualization; personal growth and amazing experiences.What is Maslow's Hierarchy of Needs?Abraham Maslow's Hierarchy of Needs can be defined as a pyramid model which typically represents the fundamental (basic) needs of an individual, that are necessary and required to be met before he or she can achieve complete personal growth, dignity, development, stability, and self-actualization.
The five (5) levels of Maslow's Hierarchy of Needs.In Psychology, the five (5) levels of Maslow's Hierarchy of human needs arranged in a chronological order include the following;
Physiological needs.Safety needs.Belonging and loveSocial needs or esteemSelf-actualization.Read more on Maslow's Hierarchy here: https://brainly.com/question/19040822
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a company upgraded production machinery to transmit data to the data warehouse about the fit tolerance for assembled parts of each unit produced as the measures are taken. before the upgrade, data was transmitted at the end of a production run. the upgrade represents an increase in group of answer choices data variety. data velocity. data veracity. data volume.
An increase in data volume is caused by the upgrading of production equipment to record information about the fit tolerance for assembled pieces of each unit produced.
Big data is a term used to describe vast quantities of data that are generally challenging for users to process, analyze, and manage using traditional data technologies.Big data essentially consists of the five (5) “Vs” of velocity, veracity, value, variety, and volume.Data volume describes the quantity of data that a company stores in a database for processing and analysis. Data volume so signifies the amount of data within an organization.
In this case, an increase in data volume is caused by an upgrade to the production equipment that records information about the fit tolerance for assembled pieces of each unit produced.The upgrade reflects an increase in Data diversity when the organization merely collected the fit tolerance data for it.The term “Data Variety” describes the range of data that were accessible during data collecting.The numerous types of data, which are obtained from various sources, may either be structured, unstructured, or semistructured.Here, only the fit tolerance data from the production gear was gathered and used to determine whether to improve the machine.
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joint taxpayer filing a return with an agi of $105,000, $6,500 in mortgage interest paid, and $1,200 in mortgage insurance premiums paid has what potential maximum deduction for mortgage interest in ty2021?
The potential maximum deduction for mortgage interest in 2021 would be $6,500. This is because the taxpayer's AGI is above the threshold for the deduction and they have paid mortgage interest during the year.
What is mortgage interest?
The interest charged on the a lender used to buy a piece of property is referred to as mortgage interest. The percentage of a total amount of a mortgage that the lender issued that is used to determine the sum of interest due. Mortgage interest can be fixed or variable and compounds. In the initial phase of the loan, the majority of the borrower's payment goes forward into mortgage interest. In order to finance the purchase of a home or some other piece of property, the majority of consumers need a mortgage. In a mortgage agreement, this same borrower commits to paying the lender on time every month for a predetermined period of time, or until the loan is fully repaid or refinanced. A principal portion as well as interest are included in the mortgage payment.
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the supplies account in the unadjusted trial balance columns has a debit balance of $4,000. there is a $1,500 credit adjustment in the adjustments columns across from the supplies account. describe how to compute the supplies account balance on the adjusted trial balance. multiple choice question. the $1,500 credit adjustment would be subtracted from the $4,000 debit balance in the unadjusted trial balance. the unadjusted trial balance of $4,000 would be carried over to the adjusted trial balance columns. the $1,500 credit adjustment would be added to the $4,000 debit balance in the unadjusted trial balance. the $1,500 credit adjustment would be carried over to the credit column of the adjusted trial balance columns.
How to compute the supplies account balance on the adjusted trial balance is: a. The $1,500 credit adjustment would be subtracted from the $4,000 debit balance in the Unadjusted Trial Balance.
Supplies account balanceGiven:
Debit balance = $4,000
Credit adjustment = $1,500
Hence,
The amount of $1,500 which is the credit adjustment would be deducted from the amount of $4,000 which is debit balance in the unadjusted Trial Balance which will inturn gives us $2,500 ($4,000 - $1,500).
The $2,500 will be the amount that will balance the trial balance which implies that the debit and credit side of the trial balance will now be equal.
Therefore the correct option is A.
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Chang and chang observe that the competition is increasing the size of its warehouses. They have decided to do the same. They are following _______ strategy.
Chang and Chang observe that the competition is increasing the size of its warehouses. They have decided to do the same. They are following "Follow the Leader" strategy.
A competitive pricing approach called "follow-the-leader pricing" involves a company matching the costs and quality of the market leader. In other words, a business will adopt the price strategy used by the dominant player in its sector. For instance, the business will cut its pricing to the same level when the industry leader drops the cost of its products.Follow-the-leader pricing may compel the company to make constant price adjustments, especially if the market leader actively combats this tactic by adjusting prices up and down all the time. Price wars might result, though.Follow-the-leader pricing is a competitor-based pricing approach; other techniques involve pricing that is determined by the consumer or by the cost.Learn more about Follow-the-leader, here
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if a company has adopted the make-to-stock strategy, what is the trigger for the production of goods? need to increase inventory customer order request for quotation customer inquiry billing document
If a company has adopted the make-to-stock strategy, Need to increase inventory is the trigger for the production of goods.
A better strategy, experts say, is to make new investments at regular intervals, a process known as bone - cost averaging. Successful investing is lower about timing the request than giving a broad portfolio of investments the time it needs to grow.
Inventory stock :stock is the force of finished goods available for trade, and force includes both finished goods and factors that produce a finished product. In other words, all stock is force, but not all force is stock. Inventory refers to all the particulars, goods, wares, and materials held by a business for dealing in the request to earn a profit. Example If a review seller uses a vehicle to deliver journals to the guests, only the review will be considered inventory. The vehicle will be treated as an asset.
What's the significance of inventory?Anyhow of the size of your company, having a proper inventory operation system is veritably important for any business. It can help you keep track of all your inventories and determine the exact prices. It can also help you manage unforeseen changes in demand without immolating client experience or product quality.
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you purchased a one-year ibm bond with a face value of $10,000 and an interest rate of 25%. suddenly the market interest rate changed, which raised your bond price by $600. based on the given information, calculate the current market interest rate (rounded to the nearest whole percentage).
The current market Interest rate will be equal to 16%.
A bond may be defined as the security instruments or debt security which are similar to loans and are made to the issuer on several terms and conditions to pay the principles of the bond on the date of maturity along with the interest earned over it in a specific period of time. This question can be solved by using formula of Interest rate. There is a need to figure out the price of bond when it is purchased. Let us assume the bond price as $x. Since the bond has initial interest rate of 25%, the following situation must be true, that is
[($10,000 - $x) ÷ $x] × 100 = 25.
On Solving the above expression, the value of x = $8,000.
So, the bond price was $8,000 when the interest rate was 25%. Since the price of bond increased by $600, the new bond price must be $8,600. This might have happened due to a decline in the interest rate. Now, we use the formula for interest rate that is
R = [(Face value - new bond price) ÷ new bond price] × 100
R = [($10,000 - $8,600) ÷ $8,600] × 100 = 16%.
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Companies go through different phases to reach product/market fit. These phases are the
A: idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B: idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
C: the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
D: idea stage, the traction stage, the monetization stage, and the growth stage.
These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage. Thus, option A is correct.
What is a Company?An organization that produces goods or services and markets them to consumers in order to make money is referred to as a company.
The connection between such a company's Unit Economies as well as Net Profitability can be used as an example of the developmental process of a company looking for Product Attributes. Whenever a company finds a solution to an issue that aligns with the demands of the existing markets and for which customers are prepared to pay for a good or commodity.
Therefore, option A is the correct option.
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pa 13. lo 6.5grainger company produces only one product and sells that product for $100 per unit. cost information for the product is: direct material $15 per unit direct labor $25 per unit variable overhead $5 per unit fixed overhead $34,000 selling expenses are $4 per unit and are all variable. administrative expenses of $20,000 are all fixed. grainger produced 5,000 units; sold 4,000; and had no beginning inventory. compute net income under absorption costing variable costing reconcile the difference between the income under absorption and variable costing.
The net income in the
absorption costing = $156,800The variable costing = $15000Reconciliation = $156800How to solve for the net income under the absorption costingWe have 4000 * 100 = 400000
direct materials = 15 x 4000 = 60000
direct labor = 25 x 4000 = 100000
Variable overhead = 5 x 4000 = 20000
fixed overhead = 34,000/5000*4000 = 27,200
Gross profit = 400000 - 60000 - 100000 - 20000 - 27200
= 192800
The selling expense = $4*4000 = 16,000
The administrative expenses = 20,000
net income = 192800 - 16000 - 20000 = 156,800
The absorption costing is $156,800
2. How to solve for the net income under the Variable costingSale = 4000 x 100 = 400000
variable cost = 15 + 25 + 5 + 4 * 4000 = 49 * 4000 = 196000
fixed cost = 34,000+20,000 = 54,000
The net income = 400000 - 196000 - 54000 = 150,000
Hence the net income under absorption is $156,800
The net income under variable costing is $150,000
3. Reconciliation
= 150000 + (34000 / 5000 * 1000)
= 150000 + 6800
= $156800
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In the transactional model of communication, who fulfills the role of the sender?.
In the Transactional Model of Communication, the person (agent) who fulfills the role of the Sender is a: B. marketer.
What is communication?Communication can be defined as a strategic process that involves the transfer of information (message) from one person (sender) to another (recipient), especially through the use of semiotics, symbols, signs, and network devices.
In Economics, the Transactional Model of Communication comprises of four (4) main components and these include the following;
Sender (S)Channel (C)Message (M)Recipient (R)In the context of business transaction, the marketer is saddled with the responsibility of fulfilling the role of a sender because he or she sends out the goods.
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Complete Question:
In the Transactional Model of Communication, who fulfills the role of the Sender?
Market forecast
Marketer
Retailers
Consumer
If my revenue is 1,000,000 and my expenses are 1,386,000 whats my profit in percentage
The answer is -27.85%
1,000,000-1,386,000 = -386,000
-386,000/1,000,000*100 = -27.85%
Saving money for a purchase and letting the interest work for you rather than against you.
Saving money for a purchase and letting the interest work for you rather than against you sinking fund.
What is interest?
In the fields of finance and economics, interest is the payment of a sum over and above the principal amount to a lender or depositor by a borrower as well as deposit-taking financial institution at a set rate. It is not the same as a fee that the borrower might pay to the lender or another party. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit as well as reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a share of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
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which school of economics warns that human economic systems could exceed the capacity of the environment to handle the pollutants and wastes we produce?
Socialist school of economics warns that human economic systems could exceed the capacity of the environment to handle the pollutants and wastes we produce.
What are the features of socialist economics?In socialist , all means of production are owned by the community, i.e., Government, and individual can not hold private property beyond certain limit. Therefore, it is government who utilises these resources for the interest of social welfare.
What is the main aim of socialist economy?Socialists actually aim to gain greater equality in decision-making and economic affairs, grant workers more control of the means of production and their workplace and to remove exploitation by directing the surplus value to employees.
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a company had beginning inventory of 12 units at a cost of $24 each on march 1. on march 2, it purchased 12 units at $42 each. on march 6 it purchased 7 units at $29 each. on march 8, it sold 28 units for $72 each. using the fifo perpetual inventory method, what was the cost of the 28 units sold?
The calculation of cost by using Perpetual FIFO inventory method is $908.
Perpetual FIFO inventory method can be defined as a cost flow tracking system under which the first unit of inventory acquired is presumed to be the first unit consumed or sold. Perpetual FIFO inventory method can be determine by using the cost of your oldest inventory and multiply that cost by the amount of inventory sold. In the other side, to calculate LIFO (Last-in, First-Out) determine the cost of your most recent inventory and multiply it by the amount of inventory sold.
The calculation of cost by using Perpetual FIFO inventory method is:
The cost = (12.$24) + (12.$42) + (4*$29) = $908
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temp trove rewards the employee who completes his or her projects before the due date by giving ten percent of his or her basic pay as incentives. in this scenario, temp trove is rewarding the employee who is considered a(n) . a. opinion leader b. bureaucrat c. rate buster d. soldier
Employee perks include financial compensation and transient incentives.
A Employers company's or an organization's employees profit from both monetary rewards and transient motivations. Financial incentives, such as cash or other forms of remuneration, are ones that a company gives to a worker in addition to a pay transient incentives..
Additionally, businesses offer their staff short-term incentives including bonuses, raises, awards for achievement, health and wellbeing, and amusing presents.
Therefore, financial gains are quantifiable cash prizes given for achievements. Employers frequently utilize monetary incentives and transient incentives to motivate staff to achieve their objectives.
Temp Trove rewards the employee who complains his or her projects before the due date by giving ten percent of his or her basic pay as incentives transient incentives.
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nike, inc. markets several types of athletic shoes, along with clothing and fitness equipment. in other words, nike has a. many product classes. b. a battle of the brands. c. no product assortment. d. several product lines. e. product components.
Nike, Inc. markets numerous styles of athletic shoes, together with apparel and health equipment. in different words, Nike has numerous product strains.
The required details for product line in given paragraph
A product line is a collection of merchandise that a enterprise creates beneath a unmarried brand. The merchandise are comparable and cognizance at the identical marketplace sector. Maybe their characteristic or channel distribution are the identical or comparable. Perhaps their bodily attributes, prices, quality, or sort of clients are the identical. We name the activity product lining. A enterprise could have multiple product line. The variety of product strains it has displays its resources, i.e., how effective it is.
Product line numbers may additionally display the opposite gamers within side the market how aggressive the enterprise is. In this context, the term ‘market’ approach the identical as ‘marketplace’ in its summary sense.
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costs in beginning work in process for the polishing department were direct materials, $5,000; conversion costs, $6,000; and transferred in, $8,000. costs added during the month: direct materials, $32,000; conversion costs, $50,000; and transferred in, $40,000. assume the company uses the fifo method.
The starting costs for the polishing department's work in progress were direct materials ($5,000), conversion costs ($6,000), and transferred in ($8,000), all of which came to $6.6 per comparable unit.
The physical components used to create a good or service are known as direct materials. These are the raw components that go into making the product. Direct materials might be components or finished goods that will be used to create a finished good. Electricity is an example of a direct material, but other examples include wood and metal, which are more tangible.
Direct materials' main objective is to add value for the consumer. A vital component of the production process, direct materials directly affect the calibre of the end product. They also influence how much the end product costs. Direct materials may be obtained from suppliers or created in-house.
Direct Materials Conversion Costs Transferred In
Units completed [4000 + 20000 – 8000] 16,000 16,000 16,000
Ending WIP:
8000 x 100% 8000
8000 x 50%
% 4000 4000
Total equivalent units 20,000 20,000 24,000
Material = (5000 + 32000) / 20000 units = $ 1.85
Conversion Cost = (6000 + 50000) / 20000 units = $ 2.80
Transferred in = (8000 + 40000) / 24000 units = $ 2
Unit Cost = 1.85 + 2.80 + 2 = $ 6.65 per equivalent unit
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________ flows involve money transfers, payments, credit card information and authorization, payment schedules, e-payments, and credit-related data.
Financial flows involve money transfers, payments, credit card information and authorization, payment schedules, e-payments, and credit-related data.
In the field of business, financial flow can be described as the evaluation of where a person or a business is spending or gaining money. It also refers to analyzing where money is being consumed. Financial flow describes the expenditures of revenue and the ways money was either gained or consumed by you.
All of the payments that you make, either online, via credit cards, or by hand are assessed in financial flows.
Financial flow is also referred to as cash flow in the field of business.
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a manufacturer reports the following costs to produce 11,000 units in its first year of operations: direct materials, $11 per unit, direct labor, $7 per unit, variable overhead, $55,000, and fixed overhead, $143,000. the total product cost per unit under absorption costing is:
The total product cost per unit under absorption costing is: $75.
In absorption costing, the cost of every unit produced is worked out by adding up the direct cost of materials, direct labor, variable overhead, and the fixed overhead. Unlike in the case of marginal costing where the fixed cost is treated as period cost, in absorption costing, fixed cost is treated as a product cost.
The cost per unit
$
Direct material 28
Direct labor 24
Variable overhead 10
Fixed cost 13
Cost per unit 75
Cost of Inventory
Number of units = 1000
Cost per unit = $75
Value = 1000 * $75 = $75,000
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when a club store (like costco) charges an annual membership, but sells goods at extremely low prices, it is using what economists call a: a excise tax. b inferior good strategy. c two-part tariff. d profit minimizing strategy. e coupon strategy.
When a membership store (like Costco) costs an annual membership, however sells items at extraordinarily low expenses, it's miles the usage of what economists name a: Price discrimination.
The required details for Price discrimination in given paragraph
Price discrimination is a promoting approach that costs clients specific expenses for the identical service or product primarily based totally on what the vendor thinks they are able to get the consumer to agree to. In natural fee discrimination, the vendor costs every consumer the most fee they may pay. Companies exercise fee discrimination in an effort to maximize profits. Since a huge marketplace normally consists of many kinds of purchasers, fee discrimination lets in groups to provide a excessive fee to well-off purchasers and a low fee to the maximum fee-touchy purchasers.
Price discrimination is practiced primarily based totally on the vendor's notion that clients in sure businesses may be requested to pay greater or much less primarily based totally on sure demographics or on how they cost the service or product in question.
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for several years in a row, the east coast cities of the nation suffered extremely cold winters. demand for home heating oil was very inelastic. how did the elasticity of supply impact the changes in price that resulted from the increased demand?
Supply is inelastic, therefore, the price increased more than it otherwise would have.
Elasticity of supply is a term in the world of economics to define the effect on the level of sensitivity to changes in the number of goods offered related to changes in the price of these goods. The elasticity of supply is then seen from the so-called coefficient of elasticity of supply, which is the number or percentage comparison between changes in the price of goods and changes in the number of goods offered.
The occurrence of this elasticity of supply is highly dependent on a number of factors, namely:
Availability of goods (source availability).The number of producers who produce these goods (producer amount).Technological innovation (innovation of technology).You can learn more about Elasticity of supply here brainly.com/question/28192591
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when there is a breach of a contract and damages, the difference between the value of the contract as it had been promised and the value of the performance which was actually given is a measurement of:
The difference between the value of the contract as it had been promised and the value of the performance which was actually given is a measurement of: loss of value
What is the meaning of breach of contract?
A breach of contract happens when one party in a binding agreement fails to deliver according to the terms and condition of the agreement. A breach of contract may happen in either a written or an oral contract. The parties entered in a breach of contract may resolve the issue among themselves, or in a court of law.
What is consequences and remedies of breach of contract?There are many types of damages to discuss under the breach of contract. Remedies for breach of contract consist of suit for damages, suit for specific performance, eliminate the contract, stop the other party from doing something.
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Professor browning assigns students a twenty-minute speech as part of their class requirements, in discovering the general purpose, which is not a type of speech to consider?.
Professor browning assigns students a twenty-minute speech as part of their class needs, in discovering the overall goal, Credible is not a type of speech to consider.
People who are seen as credible have a certain set of characteristics that they actively cultivate. In order for both sides to feel sure that agreements will be kept, a credible organization is the cornerstone of every owner-employee or business-client relationship. Credibility serves as a beacon of confidence that your company is worthy of the cash and time that customers and employees put in it. Your organization has to have credibility in order to draw in investors, customers, and staff. Additionally, it can help you when asking credit extensions, negotiating loan conditions, resolving production problems, and applying for loans.
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