Consider the elements of cost in Geordie Ltd, namely, the cost of a product, the cost of direct labour and the cost of non-labour expenses (usually referred to as the overhead). In this company the material cost of a product is $6 less than thrice the cost of the direct labour; and the overhead is 3/4 of the direct labour cost. Knowing that the total cost of the product is $120, compute the amount of the material cost of the product, rounded to nearest 100-th
Answers
Answer:
$73.58
Explanation:
Total cost of product = $120
Total cost of product = Cost of material + Direct labor + Overhead
Cost of material = (3 * direct labor) - $6
Overhead = ¾ of Direct labor
Total cost of product = 3DL - $6 + DL + ¾ of DL
$120 = 3DL - $6 + DL + 0.75 DL
$126 = 4.75 DL
Direct Labor = 126/4.75
Direct Labor = $26.53
Material cost = 3 * $26.53 - $6
Material cost = $73.58
Related Questions
If your company were to have a cost of goods sold expense lower than the sales revenue during the month of December, what would your result be for the month?
Net loss
Net income
Expenses > revenue
Net profit
Answers
Answer:
Explanation:
If the cost of goods sold expense for a company is lower than the sales revenue during the month of December, then the company would have a positive result or a profit for the month. This means that the company's revenue from sales was greater than the cost of the goods that were sold, leading to a surplus. The profit would be calculated by subtracting the cost of goods sold from the sales revenue. The company's ability to generate a profit is a positive indicator of its financial health and can provide funds for growth and expansion
____are not very liquid because you cannot take out money
when you want or pay a penalty or lose interest; however, the longer the
term the higher the return.
A. Stocks
B. Certificates of Deposit
C. Treasury Securities
D. Savings Accounts
Answers
Answer:
My answer is A) C) and D)
Explanation:
If I am wrong please tell me.
Certificates of Deposit are not very liquid because you cannot take out money when you want or pay a penalty or lose interest; however, the longer the term the higher the return. The correct option is B.
What are the weaknesses of a CD?Low liquidity and possible inflation-related loss of purchasing power are two CD drawbacks. A CD account cannot be partially or completely redeemed without losing some of the interest that has already accumulated as well as possibly the principal.
Compared to savings accounts, CDs are less liquid. Throughout the term, neither can you add to or subtract from them. Instead, you must make a single, full deposit to purchase a CD. You usually incur fees and lose some of the interest you have accrued if you redeem your CD before it matures.
Thus, the ideal selection is option B.
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Advantages and disadvantages of transport sector
Answers
Road transportation has various benefits, including lower costs, shorter travel times, more adaptable load capacities, improved fuel economy, and environmental friendliness. On the other side, there are drawbacks as well, like traffic jams and safety worries.
What is a transport sector?A group of businesses together referred to as the transportation industry build and maintain infrastructure for transportation as well as services to move people and products. According to the Global Industry Classification Standard, technically, transportation is a subgroup of the industrials sector (GICS). The deliberate transfer of people, animals, and objects from one location to another is known as transport or transportation. In addition to land and water, cable, pipeline, and space are also modes of transportation. Infrastructure, transportation, and operations make up this field. Transportation industries include businesses engaged in trucking, rail, water, and other modes of commercial transportation for hire.The impact of transportation on employment and growth is significant in the economy and society of today.To learn more about transport sector, refer to:
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which of the following is not a sign to clear a table?
A. Napkins are put back on table.
B. Cutlery is placed in a vertical position on top of plate
C. Cutlery is placed in a perpendicular position on top of plate
D All of the above
Answers
Answer:
is placed in a vertical position on top of plate
C. Cutlery is placed in a perpendicular position on top of plate
D All of the above
Trial Balance Practice
Cole Hernandez, owns a business named Ceco Co. with the following ledger accounts as of June 30, 2020
Instructions:
1. Prepare a trial balance for Ceco Co. as of June 30, 2020.
2. Remember to write in the full three-line heading and put the accounts in the proper order.
Account Balance
A/P - Batt Inc. $785.00
A/P - Parker Products 1000.00
A/P - Nishi Co. 1200.00
A/R - R. Tamo 3500.00
A/R - G. Slaught 1124.00
A/R - P. Onno 850.00
Automobile 22800.00
Bank Loan 25000.00
Cash 5000.00
C. Hernandez, Capital 32224.00
Equipment 25350.00
Supplies 1585.00
Answers
The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:
Ceco Co.
Trial BalanceAt June 30, 2020
Accounts Debit Credit
Cash $5,000.00
A/R - R. Tamo 3,500.00
A/R - G. Slaught 1,124.00
A/R - P. Onno 850.00
Supplies 1,585.00
Automobile 22,800.00
Equipment 25,350.00
A/P - Batt Inc. $785.00
A/P - Parker Products 1,000.00
A/P - Nishi Co. 1,200.00
Bank Loan 25,000.00
C. Hernandez, Capital 32,224.00
Totals $60,209.00 $60,209.00
What is a trial balance?A trial balance is a list of the ledger accounts balances at a particular date of the financial period.
The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.
Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.
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Diversity in the corporate world is business strategy?
Answers
Special education is defined as specialized_______
Answers
Special education is defined as specialized "instruction and support designed to meet the unique needs of students with disabilities."
It encompasses a range of educational services, strategies, and interventions tailored to address the diverse learning requirements of individuals with disabilities.
The goal of special education is to ensure that students with disabilities have equal access to educational opportunities and are provided with the necessary tools and accommodations to achieve academic success and personal development.
Special education encompasses various components, such as individualized education plans (IEPs), which outline specific goals and accommodations for each student. It involves the provision of specially trained teachers and support staff who are knowledgeable about the specific needs and challenges of students with disabilities.
It also involves the use of specialized instructional techniques, assistive technologies, and adaptive materials to enhance learning and promote inclusion.
In addition to academic instruction, special education may also address social-emotional development, behavioral management, and independent living skills, depending on the unique needs of the student.
Collaboration among educators, parents, and related service providers is essential to ensure the provision of a comprehensive and individualized special education program that empowers students with disabilities to reach their full potential.
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How is a Personal Fact Sheet used? a. A Personal Fact Sheet is a tool used to market yourself and build your network b. A Personal Fact Sheet is used to assist in filling out a job application accurately. c. A Personal Fact Sheet is no longer used now that people have access to the Internet. d. A Personal Fact Sheet is usually turned in if you don’t want to fill out an application.
Answers
Answer:
The answer is B. A Personal Fact Sheet is used to assist in filling out a job application accurately.
A) because your fact sheet helps sell you to what ever you are marketing for.
B) it serves as a way to remember everything about yourself and the things you’ve done.
C) it’s not used much anymore because everything is online and
D) you can turn your fact sheet in to apply to any job as long as you have your contact information.
So in essence you can still use a fact sheet but it is now more geared towards keeping you up to date on your stuff and a way to keep you focused when applying for different jobs.
1.) Name two alphabetic arrangements of subject records storage.
2.) Explain how the two arrangements are alike and how they differ?
Answers
Answer:
1.) An alphabetic listing of all subject titles used in the filing system
2.) Titles on the master index are used for filing and retrieving records
Which of the four provider gap do you believe is hardest to close? Why?
Answers
Answer:
Mettle 2Gap 3 is the hardest to close because it requires coordination of all of the human resources issuesin a company—training, incentives, communication, hiring, teamwork, and empowerment.
operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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patents can slow down the rate of creative destruction by multiple choice 2 eliminating the threat of competition and increasing patent revenues for companies, which slows down creative destruction. destroying the profit incentive that encourages innovation, thereby slowing the rate of creative destruction. restricting the use of technology so that creativity is controlled. creating certainty for the patent holder so that innovation is encouraged.
Answers
Patents can slow down the rate of creative destruction means replacing an old technology by new one.
A patent is an unique proper granted for an invention, which is a product or a manner that offers, in preferred, a brand new manner of doing something, or offers a new technical approach to a problem. To get a patent, technical information approximately the invention must be disclosed to the public in a patent application.
A patent is a form of highbrow assets that offers its proprietor the criminal right to exclude others from making, using, or promoting an invention for a restricted period of time in exchange for publishing an enabling disclosure of the discovery.
There are three forms of patents - utility, design, and Plant. application patents can be granted to everybody who invents or discovers any new and beneficial system, gadget, article of manufacture, or compositions of subjects, or any new beneficial development thereof.
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WinterTierCompany uses a job order cost system and applies overhead to production on thebasis of direct labor costs. On January 1, 2022, Job No. 120 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,000, direct labor $12,000, and manufacturing overhead $16,000. As of January 1, Job No. 119 had been completed at a cost of $90,000 and was part of finished goods inventory. There was a $15,000 balance in the Raw Materials Inventory account. During themonth of January, WinterTier Company began production on Jobs 121 and 122, and completedJobs 120 and 121. Jobs 119 and 120 were also sold on account during the month for $122,000 and $158,000, respectively. The following additional events occurred duringthe month.❖Purchased additional raw materials of $90,000 on account. ❖Incurred factory labor costs of $70,000. of this amount $16,000 related to employer payroll taxes. ❖Incurred manufacturing overhead costs as follows: indirect materials $17,000; indirect labor $20,000; depreciation expense on equipment $19,000; and various other manufacturing overhead costs on account $16,000. ❖Assigned direct materials and direct labor to jobs as follows.
Job NumberDirect MaterialsDirect Labour120$10,000$5,000121$39,000$25,000122$30,000$20,000(a) Calculate the predetermined overhead rate for 2022, assuming WinterTierCompany estimates total manufacturing overhead costs of $980,000, direct labor costs of $700,000, and direct labor hours of 20,000 for the year. (3 Marks)(b) Open job cost sheets for Jobs 120, 121, and 122. Enter the January 1 balances on the job cost sheet for Job No. 120. (3Marks)(c) Prepare the journal entries to record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January.(5 Marks)(d) Prepare the journal entries to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary. (3 Marks)(e) Total the job cost sheets for any job(s) completed during the month. Prepare the journal entry (or entries) to record the completion of any job(s) during the month. (6 Marks)(f) Prepare the journal entry (or entries)to record the sale of any job(s) during the month. (4 Marks)(g) What is the balance in the Finished Goods Inventory account at the end of the month? What does this balance consist of? (4Marks)
Answers
a) The predetermined overhead rate for 2022, assuming WinterTier Company estimates total manufacturing overhead costs of $980,000, direct labor costs of $700,000, and direct labor hours of 20,000 for the year is $1.40 per direct labor cost.
b) The job sheets are as follows:
Job Sheets:
Job 120 Job 121 Job 122
Beginning WIP:
Direct materials $20,000
Direct labor 12,000
Manufacturing overhead 16,000
Total costs $48,000
c)The journal entries to record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January are:
Debit Raw Materials $90,000
Credit Accounts Payable $90,000
To record the purchase of raw materials on credit.Debit Direct labor costs $70,000
Credit Payroll Taxes Payable $16,000
Credit Cash $54,000
To record the direct labor costs.Debit Manufacturing Overhead:
Raw materials $17,000
Indirect labor costs $20,000
Depreciation expense on equipment $19,000
Other manufacturing overhead costs on account $16,000
Credit Cash $56,000
Credit Overhead Payable $16,00
To record the manufacturing overhead incurred.d) The journal entries to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production are:
Debit:
Job 120 $10,000
Job 121 $39,000
Job 122 $30,000
Credit Raw Materials $79,000
To record direct material costs assigned to jobs.Debit:
Job 120 $5,000
Job 121 $25,000
Job 122 $20,000
Credit Direct Labor $50,000
To record direct labor costs assigned to jobs.Debit:
Job 120 $7,000
Job 121 $35,000
Job 122 $28,000
Credit Manufacturing Overhead $70,000
To record manufacturing overhead assigned to jobs.Job Sheets:Job 120 Job 121 Job 122
Beginning WIP:
Direct materials $20,000
Direct labor 12,000
Manufacturing overhead 16,000
Total costs $48,000
Allocated costs:
Direct materials 10,000 $39,000 $30,000
Direct labor 5,000 25,000 20,000
Manufacturing overhead 7,000 35,000 28,000
Total costs $70,000 $99,000 $78,000
e) The journal entries to record the completion of any job(s) during the month are:
Debit Finished Goods Inventory $169,000
Credit Job 120 $70,000
Credit Job 121 $99,000
To record the completion of Jobs 120 and 121.f) The journal entry (or entries)to record the sale of any job(s) during the month are as follows:
Debit Cost of goods sold $160,000
Credit Finished Goods Inventory $160,000
To record the cost of goods sold.Debit Accounts Receivable $280,000
Credit Sales Revenue $280,000
To record the sale of jobs.g) The balance in the Finished Goods Inventory account at the end of the month is $99,000.
This balance consists of Job 121's Direct Materials ($39,000), Direct Labor ($25,000), and Manufacturing overhead allocated ($35,000).
What is the predetermined overhead rate?
The predetermined overhead rate is the overhead allocation rate used to assign overhead costs to jobs or units.
The predetermined overhead rate can be computed by dividing the estimated total manufacturing overhead cost by the cost driver.
Data and Calculations:Raw materials inventory = $15,000
Purchase of raw materials = $90,000 credit
Direct labor costs = $70,000 ($16,000 Employer payroll taxes)
Estimated manufacturing overhead = $980,000
Estimated direct labor costs = $700,000
Direct labor hours = 20,000 hours
Direct labor rate = $35 per hour
Predetermined overhead rate = $1.40 per DLC ($980,000/$700,000)
Manufacturing overheads incurred:
Indirect materials $17,000
Indirect labor $20,000
Depreciation expense on equipment $19,000
Other manufacturing overhead costs on account $16,000
Total manufacturing overhead = $72,000
Sale of Job 119 = $122,000
Sale of Job 120 = $158,000
Job Sheets:
Job 120 Job 121 Job 122
Beginning WIP:
Direct materials $20,000
Direct labor 12,000
Manufacturing overhead 16,000
Total costs $48,000
Allocated costs:
Direct materials 10,000 $39,000 $30,000
Direct labor 5,000 25,000 20,000
Manufacturing overhead 7,000 35,000 28,000
Total costs $70,000 $99,000 $78,000
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The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $50 per share for months. The price of a 3-month put option with an exercise price of $50 is $4. If the risk-free interest rate is 10% per year, what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money
Answers
Answer:
$5.18
Explanation:
Calculation for call option
Using this formula
Call option=Put option + Exercise price-[Exercise price/(1+Risk-free interest rate)^Time
Let plug in the formula
Call option= 4 + 50 - [50/(1+.10)^1/4]
Call option= 4 + 50 - [50/(1.10)^1/4]
Call option= $5.18
Therefore what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money is $5.18
o make the amount of tax revenue collected more predictable, the government decides to change the tax system from progressive to lump sum, meaning each family pays a set amount of tax per year, independent of the amount of income it is making. In this case, recessions are likely to be ________ and expansions are likely to be ________.
Answers
Answer:
recessions are likely to be MORE SEVERE and expansions LESS EXPANSIONARY.
Explanation:
Personally, I believe that the classical economic view that if rich people are allowed to become extremely rich, the economy would benefit is a lie. What makes an economy grow is the middle class, not the upper 0.1%. If the tax rate was flat, then only the rich would benefit, and the vat majority of the population would be hurt, making recessions even worse and economic expansions would be small. The trickle down effect is a fallacy that has never worked and never will work. The idea of returning to the middle ages where the rich controlled the lives of average people is just ridiculous.
Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
Answers
When the final sale in the supply chain is made, the retailer is responsible for collecting sales tax. The required journalized entries for the selected transactions involving sales tax are attached below.
The state levies a consumption tax, the so-called sales tax, on the purchase of goods and services. A standard sales tax is collected at the point of sale, collected at the store and remitted to the government.
Depending on the regulations in that country, a business may be responsible for sales taxes in that jurisdiction if it has a presence there, which can be a physical site, an employee, or an associate. The calculation of sales tax for (a) is:
Sales Tax Payable = Amount of sales× Sales Tax
= $900 × 7%
= $63
Therefore, all the selected transactions are explained with the help of the journal entries.
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Your question is incomplete, but most probably the full question was,
Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
- Select -
- Select -
blank
What happens when a
business gets audited?
A. The technology department will make
sure that their computer systems are safe
from hackers.
B. The government will look at all of the
company's finances and make sure the
money is accounted for.
C. The architectural engineer will look at
specifications for a project to make sure
they are correct.
D. The chief officers of the company will
look at the manufacturing process to ensure
efficiency.
Answers
Answer:In an audit, the IRS is simply questioning an item or items that you reported on your tax return. For example, the agency may question whether you actually reported all of your income, or claimed legitimate tax deductions. In most cases, you will need to provide additional documentation to support the item in question.
Explanation:
The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
Answers
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
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Explain the difference between 50/50 and 40/40 emotional energy, and provide an example of each.
Answers
The concepts of 50/50 and 40/40 emotional balance are often used in relationships and emotional relationships.
50/50 Emotional strength is a state in which two people in a relationship are equal in relation to each other and are willing to give equal weight to maintain the relationship. In this case, both parties give and receive equal incentives and share responsibility for the success or failure of the relationship. An example of 50/50 emotional strength in a good relationship is a couple who communicate well, listen to each other's needs, and encourage each other.
On the other hand, the 40/40 mindset is when both partners in a relationship focus on their own emotional needs and refuse to give their partners equal support.
In this case, neither partner is invested in the other's feelings, resulting in a lack of motivation and a contradictory relationship. An example of 40/40 emotional stability in a romantic relationship would be a couple in which one partner feels neglected and supported while the other focuses only on their own needs and feelings.
In general, the concept of emotional strength emphasizes the importance of joint initiatives in relationships and the benefits of motivation and balance between two partners.
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Kate was turned down for a job because of a bad credit report. The creditor is required to give her the name of the credit bureau that supplied the report, according to
the:
Fair Credit Reporting Act.
Fair Credit Billing Act.
Truth in Lending Law.
Equal Credit Opportunity Act
Answers
The creditor is required to give Kate the name of the credit bureau that supplied the report under the Fair Credit Reporting Act (FCRA). The FCRA is a federal law that regulates the collection, use, and disclosure of consumer credit information. Under the FCRA, creditors are required to provide consumers with a copy of their credit report upon request. They are also required to provide consumers with the name and address of each credit bureau that has provided them with a report within the past two years.
The other laws you mentioned are also important, but they do not specifically address the issue of providing consumers with the name of the credit bureau that supplied their report. The Fair Credit Billing Act (FCBA) regulates the billing practices of creditors and credit card companies. The Truth in Lending Law (TILA) requires lenders to disclose certain information to borrowers, such as the annual percentage rate (APR) and the total amount of interest that will be charged on a loan. The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against borrowers on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive income from a public assistance program.
ABC Co. uses a perpetual inventory system and uses the weighted average cost flow assumption. During the month, it had two sales. Calculate the dollar value of its cost of goods sold for the first sale made on Jan. 10.
Answers
Answer:$151.80
Explanation:($96+$180)/20 units = $13.80 ave × 11 Units = $151.80
Answer:$151.80
Explanation:
In the market for used cars we have 10 sellers, willing to sell at the prices of $1000, $2000, $3000, $4000, $5000, $6000, $7000, $8000, $9000, $10000. What could the market price be in order to induce five sellers to offer their cars for sale?
Answers
Answer: $5001
Explanation:
It should be noted that sellers always seek to maximize profit when selling a product, therefore a seller will only be induced to sell only when offered a price that is above the price that they want to sell the car.
Therefore, we have to consider the price that is being offered by the seller as the minimum price. There are five sellers that wants to sell the car at prices of $1000, $2000, $3000, $4000, and $5000. Therefore, to sell the car a price of $5001 would induce the five sellers to offer their cars for sale.
Kim's brokerage company offers dual agency. Tom and Don are two of her licensed agents. Tom ha been appointed to represent the seller, and Don has been appointed to represent the buyer in an in-house transaction. In this situation, who is a dual agent ? A. Kim only B. Kim, Tom, and Don only C. all licensed agents Kim's broker age D. no one.
Answers
Answer:
A. IS THE ANSWER
Ghjrowoxjvhwjnckal
fill in the blank. the ann taylor chain of stores has a problem with ____from its sister chain ann taylor loft, whose sales have surpassed the the original ann taylor stores and have made it harder for them to reach their target customers.
Answers
The Ann Taylor chain of stores has a problem with cannibalization from its sister chain, Ann Taylor Loft, whose sales have surpassed the original Ann Taylor stores and have made it harder for them to reach their target customers.
What is Cannibalization?Cannibalization occurs when sales of one product or brand reduce the sales of another product or brand from the same company.
In this case, the sales of Ann Taylor Loft are "eating into" the sales of the original Ann Taylor stores, causing a loss of market share and potential profits.
Therefore the statement that filled the gap is Cannibalization.
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illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
Answers
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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Aperol Industries started their business on January 1st. On the first day of operations, they purchased three machines. These machines all had varying costs, useful lives, and residual values. They are forecasting their fixed asset book values and depreciation expense. They have provided the dashboard below. The first line chart demonstrates the book value of each asset as of the end of each year, while the second line chart demonstrates the total depreciation expense expected to be recorded in the income statement each year. Aperol Industries employs straight-line depreciation on all of their assets.
Answers
Depreciation expense of Machine A =$ 80,000, Depreciation expense of Machine B = $50,000, Depreciation expense of Machine C = $30,00, Total depreciation for first year = $160,000, Total depreciation for Second year = $160,000, Total depreciation for Third year = $80,000, Total depreciation for fourth year = $50,000.
What is the solution of the question?The values provided in the question are as follows :
Machine A = $170,000
Machine B = $250,000
Machine C = $ 90,000
According to the first line chart,
The useful life of these three machine are as follows:
Machine A = 4 years
Machine B = 2 years.
Machine C = 3 years.
Residual value :
Machine A = 450,000
Machine B = $10,000
Machine C = $ 0
Calculation of depreciation expenses as follows:
The formula to calculate annual deprecation is as follows:
Annual depreciation ( Macine A)=( Cost of machine − Residual value ) / Expexcted useful life.=$170,000−$10,0002=$80,000
Annual depreciation (Machine B ) =( Cost of machine − Residual value ) / Expected useful life.=$250,000−$50,0004=$50,000
Annual depreciation (Machine C)=(Cost of machine − Residual value )/ Expected useful life.=$90,000−$03=$30,000
Dr Depreciation Expense - $50,000
Cr Accumulated Depreciation - $50,000
(To record depreciation expense of Machine B )
Thus, the depreciation of all the years is written above.
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If a website is designed with responsive design concepts, then
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If a website is designed with responsive design concepts, then it appears correctly on any device regardless of screen size.
A well-designed website will be easy to use and navigate, with clear and consistent branding throughout. It will also have a strong visual identity, with carefully selected imagery and typography that reinforces the overall message.
The individual design concepts on each page need to work together to create a cohesive whole. The layout should be easy to follow, with a clear hierarchy of information.
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Use your understanding of ethics to complete the sentence.
When managers use environmental and social impacts as criteria in all their decision making,
their philosophy
is an important part of
____
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Answer: d. sustainability
Explanation:
Sustainability refers to the maintenance of resources such that they can be used in perpetuity.
When managers use environmental and social impacts as criteria in all their decision making, this is an important part of sustainability because they will be able to see how their actions affect the environment and thus adjust these actions in order to achieve sustainability of the resources we have on Earth.
Your company sells over-the-counter sleep pills and has created the slogan "sleep better than a baby, sleep like a teenager." what element of strategy does this represent?
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Answer: Targeting
Explanation:
Strategy refers to the integrated set of choices that managers consider when making decisions. With regards to the question above, the element of strategy that's used is the targeting strategy.
The targeting strategy is when the market is being segmented and the segments of the market tahts appropriate is then chosen aftee which product are then offered.
An investment should be classified as current on the balance sheet if (Select all that apply.)
Multiple select question.
it will be sold within 12 months.
it does not have a maturity date.
management has the intent and ability to liquidate it in the near term.
it is an investment of stock of another company regardless of maturity.
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An investment should be classified as current on the balance sheet if: it will be sold within 12 months and management has the intent and ability to liquidate it in the near term.
What is asset liquidation?The process of turning non-liquid assets, including real estate, machinery, or investments, into cash is known as asset liquidation. This procedure is frequently required when a company is having financial problems and wants to obtain money rapidly.
A company may choose to liquidate its assets as part of a closure or when it wishes to get rid of any extra ones. The procedure may entail selling individual or large quantities of goods at auction or privately, as well as reclaiming assets and selling them to settle debts. During liquidation, creditors, debts, and other outstanding liabilities are settled using the money raised from the sale of assets.
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