Total variable costs - $90,000,000
Total fixed costs - $100,000/month.
Total costs - $90,100,000
a. Total variable costs can be calculated by adding together the costs of labor and materials per unit. In this case, the total variable costs are:
$100/unit (labor) + $50/unit (materials) = $150/unit
If the Quest produces 600,000 units per month, the total variable costs for that month would be:
$150/unit * 600,000 units = $90,000,000
b. Total fixed costs are costs that do not change with the level of production. In this case, rent is the only fixed cost given, which is $100,000/month.
c. To find the total costs, you need to add the total variable costs and total fixed costs. So in this case, the total costs would be:
$90,000,000 (total variable costs) + $100,000 (total fixed costs) = $90,100,000
It's important to note that this is a snapshot of the costs for one month, and the costs might change over time depending on the production level, changes in the costs of labor, materials and rent.
Know more about variable costs - https://brainly.com/question/27853679
#SPJ4
Complete Question -
Quest manufacturing incurs the following costs per unit: labor $100/unit, materials $50/unit, and rent $100,000/month. If the Quest produces 600,000 units a month, calculate the following:
a. Total variable costs
b. Total fixed costs
c. Total costs
page(s) 143-144 5.6. what effects do price floors have on economic activity? why might politicians in a state or city enact a nonbinding minimum wage? reason to enact nonbinding minimum wage it leads employers to create better working conditions out of fear that a binding law may soon be imposed. press space to open it allows politicians to claim credit for enacting policies that help workers without increasing unemployment. press space to open it works to reduce the existing unemployment rate. press space to open not a reason to enact nonbinding minimum wage
The effects that price floors have on economic activity is that price floors stop a price from dropping below a specific markdown.
Why does economics care about price floors?
Price floor stop a price from dropping below a specific range. Quantum handed will exceed volume needed when a price floor is set above the equilibrium price, leading to redundant force or over-pluses. Price ceilings and floors frequently have unforeseen effects.
There are various negative implications of a price floor set above the market equilibrium price. Customers discover that the same product now costs more money. As a result, people cut back on their spending and choose for alternatives.
Know more about price floors- brainly.com/question/15174145
#SPJ4
given this multiple-line chart, find the total number of chairs and sofas sold during june. (note: all sales numbers are plotted to the nearest 10 units.)
The Multiple-line chart is explaining about the sales of sofas and chairs.
It is given that the chairs sold during June are 220 and the sofas sold are at 200.
In the beginning, the sales of chairs are higher than the sales of the sofa, after April the sales of chairs decreased with an increase in the sales of sofas.
Later between April to May we can see an intersection of two lines then there occurred the sale difference Between May to June.
One more intersection of lines led the sales of chairs to go up and allowed the sofa sales to go down. At the end occurred the sales of chairs increased, and sofa sales decreased in June.
To know more about Multiple-line charts
brainly.com/question/28292954
#SPJ4
add a bulleted list to the report, starting at line 27, of each of the regions included in the data: east asia and the pacific, europe and central asia, latin america and the caribbean, middle east and north africa, south asia, and sub-saharan africa.
improving the quality of the report Beginning at line 27, add a bulleted list of each of the geographic regions represented in the data to the report: East Asia, Europe, and the Pacific
What does the term "quality" mean?
Think about how something compares to other similar products while assessing quality. instead, its degree of perfection. When a person is being described, it alludes to a distinctive characteristic or attribute that person possesses. The phrase can also be used in this sense to refer to items. The four types of quality control are process control, control diagrams, acceptance sampling, and product quality control. Quality can be defined from a variety of viewpoints, including transcendence, product-based, user-based, manufacturing-based, and value-based.
To know more about represented visit:
https://brainly.com/question/13246446
#SPJ4
which of the following factors related to an interest group's organizational environment can increase its success?
A lack of competition from opposing interest groups, Highly skilled leadership within the group itself .
What is a crucial element of interest groups' success?
Access to government officials is essential to interest groups' success. Interest groups and their representatives work to develop enduring relationships with lawmakers and other government representatives in order to obtain such access.
What benefit do interest groups provide?
Advocacy, policy development, and membership support are the three fundamental tasks performed by interest groups. Size, activity level, and financial resources of the group.
Smaller groups are more likely to succeed than larger ones, despite the fact that more intensity and financial resources are to a group's favor.
Learn more about function of interest groups
brainly.com/question/29791262
#SPJ4
compute payroll an employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. assume that the employee worked 55 hours during the week. assume further that the social security tax rate was 6.0%, the medicare tax rate was 1.5%, and federal income tax to be withheld was $518.
Regular hours (40 hrs x $36/hr): $1,440. Social Security Tax (6.0% x $2,250): $135. Total Gross Pay: $2,250. Total Deductions: ($686.75). Deductions Net Pay.
what is l Security ?
Security is the practice of protecting information, data, and systems from unauthorized access, use, disclosure, destruction, or modification. It includes taking physical, electronic, and procedural measures to prevent and detect unauthorized access, use, modification, or destruction of information systems, data, or other assets.
Security also involves developing policies and procedures to protect the organization's assets and ensuring that personnel are aware of and comply with these policies and procedures. destruction procedures to protect the organization's assets systems from unauthorized.
To learn about more Security.
https://brainly.com/question/29790745
#SPJ4
Watch the following video about Seth Goldman, the founder of Honest Tea, and use your knowledge of organizational structure and design to answer the associated questions.
Suppose that Seth Goldman, the TEO of Honest Tea, had decided to set up his company with four departments: sales, marketing, finance, production. This is _____ structure.
• a functional
• a divisional
• a lattice
• a matri
The founder of Honest Tea had decided to set his own company with four departments which include sales, marketing, finance and production. This is a functional structure. The correct option is A.
The functional structure is the structure in which the business structure that organizes a company into different departments like sales, marketing, finance and production which is based on areas of expertise.
In the functional structure, creating the group of employees by the skills or related role and abilities.
The functional structure is best because it helps the organizations to operate better by the grouping of the employees which is based on the skills and experience.
To know more about functional structure here,
https://brainly.com/question/14419215
#SPJ4
a construction company recognizes revenue at a point in time. which of the following is not one of the criteria for recognizing revenue at a point in time? a the legal title for the asset is with the customer
At some point, a construction company records revenue. One of the criteria for recognizing revenue at a particular point in time does not depend on how well the organization performs in creating or enhancing an asset controlled by the client.
What criteria are employed to determine revenue?When all four of the conventional revenue recognition criteria—that the price can be determined, that collection is likely, that there is persuasive evidence of an agreement, and that delivery has occurred—are met, revenue is recorded in this situation.
Recognizing revenue is what?The revenue recognition concept, which stipulates that revenues be recognized when they are earned and realized rather than always when they are received, is made up of the accrual accounting and matching principles.
What are the two prerequisites that must be satisfied for a company to recognize revenues?Prior to recording revenue on the company's books, the following two conditions must be satisfied in accordance with generally accepted accounting principles (GAAP): A critical event has to happen first to start the transaction process. The transaction's proceeds must be precisely quantified to a certain degree.
Learn more about revenue recognition concept: https://brainly.com/question/13397247
#SPJ4
lenders generally prefer that an american land title association (alta) policy be used for title insurance because it
Lenders generally prefer that an american land title association (alta) policy be used for title insurance because it provides more extensive protection.
Option D is correct.
What role does Alta play?ALTA's goals are to standardize products for use in the industry, effectively represent member concerns, and enhance providers' real estate transaction skills and knowledge.
An ALTA Policy is an ALTA standard form title insurance policy that includes a "same as" survey endorsement and insures valid leasehold title or enforceable easement rights (including, where applicable, as tenants in common) in and to one or more of the real estate interests included in the Resort Premises.
Question incomplete:
Lenders generally prefer that an American Land Title Association (ALTA) policy be used for title insurance because it
A)includes the chain of title.
B) is limited to lenders only.
C) is less expensive.
D) provides more extensive protection.
Learn more about title insurance:
brainly.com/question/20711780
#SPJ4
marketers who use blank to signal the quality of an item, must be careful not to drop the price of the product below the point where customers become skeptical of its quality and refuse to purchase it. multiple choice question.
Marketers that utilize prestige pricing to denote a product's quality must be careful not to reduce the product's price to the point where consumers lose faith in the product's quality and decide not to buy it.
What is the essence of the prestige pricing strategy?A pricing strategy where prices are set high in awareness that reduced costs will limit sales rather than promote them and that consumers will associate a high price for the product with superior quality; also known as image pricing.
In marketing, what does the term "prestige" actually mean?Using premium price to suggest higher quality is a branding and marketing strategy known as prestige or image pricing. To put it another way, a company will knowingly charge customers a high price attract potential customers attracted to a luxury brand.
To know more about Prestige Pricing visit:
https://brainly.com/question/15709622
#SPJ4
ricardo uses his personal vehicle in his sole proprietorship. he keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business. which of the following is correct?
Juan cannot deduct any vehicle expenses because he has no record of his expenses
What is sole proprietorship?A sole proprietorship is a form of business that is owned and controlled by one person.The person enjoys the profit alone and bears the risk alone as well.
Since we are given the information that he keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business, this means that Juan cannot deduct any vehicle expenses because he has no record of his expenses.
To know more about vehicle visit:
https://brainly.com/question/13390217
#SPJ4
multiple choice question a company issues $100,000 of 6%, 10-year bonds dated january 1 that pay interest semiannually on june 30 and december 31 each year. if the issuer accepts $103,000 for the bonds, the issuer will record the sale with a (debit/credit) to bond payable in the amount of amount of _______.
Multiple choice question.
debit; $103,000
debit; $100,000
credit; $100,000
credit; $103,000
Option 3rd is correct. If the provider accepts $103,000 for the bonds, the provider will report the sale with a (debit/credit) to bond payable in the quantity of quantity of credit $100,000.
When the marketplace price is 10%, a corporation issues $100,000 of 6%, 10-12 months bonds dated 30 June, that mature on December 31, and pay hobby semiannually. When the bonds mature, the provider information its price of important with a (debit/credit) Credit to Cash in the quantity of $100,000.
If the settlement price is much less than the marketplace price, the bond will promote at an quantity much less than face (that is called a discount). If the settlement price is extra than the marketplace price, the bond will promote at an quantity extra than face (that is called a premium).
A be aware payable is much like a bond payable however is typically transacted with a unmarried lender inclusive of a bank.
The stake that a person has in a corporation refers to how many of it they very own. If you very own a 10% stake in a corporation really well worth $100,000, your stake is really well worth $10,000. If that corporation doubles in value, your stake remains the same (10%), however it's miles now really well worth two times as much, as well, $20,000.
Know more about bond here:
https://brainly.com/question/17405470
#SPJ4
ON ETHICS: Hypothetically, your MNE is the largest foreign investor in Vietnam, where dissidents and religious leaders are reportedly being persecuted. As the country manager there, you understand that the MNE is being pressured by NGOs to help the oppressed groups in Vietnam. But you also understand that the host government could be upset if your firm is found to engage in local political activities deemed inappropriate. These alleged activities, which you personally find distasteful, are not directly related to your operations. How would you proceed?
Since these activities are not for the firm's taste and of course, it is inappropriate for the firms to get engaged in the political matters. So, the best thing to do is to do business with the guidelines of law and not responding to the pressures of NGO's.
A company, abbreviated as co., is a legal entity representing a group of people, be it natural, legal or a combination of both, with a common goal. Members of a company work together to achieve stated goals.
A business may be formed so that the liability of the business is limited when the members perform or fail to perform their duties in accordance with the incorporation or publicly disclosed policy. When a business closes, it may be necessary to liquidate it to avoid ongoing liabilities. Companies can join together and register as a new company in groups.
To know more about Firm here-
https://brainly.com/question/29482295
#SPJ4
based on exhibit 7-7 what would be the monthly mortgage payments for each of the following situations
These would be the monthly mortgage payments based on the exhibit 7-7 for the following situations.
a. $1,192.84 (8.43x1415)
b. $1,368.28 (6.32x2165)
c. $1,251.60 (7.45x168)
A mortgage is a kind of loan used to acquire or maintain real estate similar as a house, land, or other types of property. The borrower promises to pay the lender over time, generally in the form of a series of yearly payments divided into principle and interest. The property is also used to secure the loan. Borrowers must apply for a mortgage through their preferred lender and fulfill colorful criteria, including minimal credit scores and down payments. Before they reach the ending step, mortgage operations go through a rigorous underwriting procedure. Mortgage kinds differ depending on the borrower's conditions, similar as conventional and fixed- rate loans. individualities and associations use mortgages to buy real estate without having to pay the whole purchase price up front. The borrower repays the loan plus interest over a certain number of times until they acquire the property free and clear.
Learn more about mortgage here:
https://brainly.com/question/13447700
#SPJ4
indicate whether each of the following statements is true or false. when a company borrows funds to finance a construction project and temporarily invests this cash, the interest income should not be offset against the interest expense to be capitalized. true/false
statements is true: when a company borrows funds to finance a construction project and temporarily invests this cash, the interest income should not be offset against the interest expense to be capitalized.
Capital that has been borrowed and invested makes up borrowed capital. Equity capital, on the other hand, belongs to the corporation and its shareholders. When employed to increase profits, borrowed capital, often known as "loan capital," has the potential to cause the lender to lose money.
For a business to function, it needs money. Riches that is utilized to create new wealth is known as capital. Assets such as real estate, manufacturing facilities, inventories, cash, etc. make up a company's capital. These can be acquired by businesses using either debt funding or equity financing. Debt is money that has been borrowed from businesses, people, or the bond market. Equity is money that a business already has on hand or can borrow from potential owners or investors. The distinction between capital acquired with debt and capital acquired with equity is made using the term "borrowed capital."
To know more about borrowed:
https://brainly.com/question/1364363
#SPJ4
when a change in the supply and demand occur within a market, the effect on the new equilibrium market price or quantity can be determined. however, without information on the relative size of these shifts, both price and quantity cannot be determined. match the supply and demand changes to the outcome that is known about the new equilibrium in the market for pizza, where pizza is a normal good and cheese and dough are inputs. consumer income falls; pizza dough decreases in price consumer income rises; pizza dough decreases in price consumer income rises; cheese increases in price consumer income falls; cheese increases in price
Although ⇒ affair increases; price uncertain When advanced consumer income results in advanced prices, the drop in the price of inputs results in lower prices.
So that both result in advanced consumers. When consumer income falls, pizza dough decreases in price. Coming ⇒ price diminishments; affair uncertain When both affect in lower prices also falling consumer income results in lower affair drop in the price of inputs results in an advanced affair.
When consumer income falls, rubbish increases in price, now, ⇒ affair diminishments; price uncertain When both lower affair also falling consumer income decreases price also increase in the price of inputs increases the price So that, consumer income rises; rubbish increases in price Now ⇒ price increases; affair uncertain also both increase price When rising consumer income increase affair When an increase in the price of inputs decreases affair.
To learn more about advanced consumers, visit here
https://brainly.com/question/21593853
#SPJ4
which of the following would affect the comparability of accounting information for a given company from one accounting period to the next? i. change in accounting principles ii. disposition of segment of business iii. restructuring expenses iv. change in auditors question 2 options:
Accounting comparability is the degree to which the data in the financial statements is comparable across various businesses and time periods.
Which of the following are generally accounting time periods?Typically, accounting time periods last a month, a quarter, or a year. A fiscal year is the name given to the 12-month accounting period.An income statement includes a timeline. The income statement and the statement of cash flows show the whole financial data for a certain time period. The balance sheet shows the account balance of the company's assets, liabilities, and shareholder equity at a certain point in time, which is the financial date.When an entity changes the end of its reporting period and presents financial statements for a period longer than a year or shorter than a year, the entity must also disclose the following information in addition to the financial statements' period of coverage: the basis for using the longer or shorter period, and.To learn more about Accounting refer to:
https://brainly.com/question/28345482
#SPJ4
Selling is completely related to creating ______, which is the total benefit that a seller's products and services provide to a buyer.
Selling is completely related to creating Value which is the total benefit that a seller's products and services provide to a buyer. Selling is the act of giving or transferring something in return for cash.
Any transaction in which cash is exchanged for a product or service is a sale. The vendor tries to "sell" the buyer on the advantages of their offer during a sales negotiation. Selling is a transaction in which a product or service is traded for cash. It also describes the method of influencing an individual or group to make a purchase. Your selling efforts should be concentrated on explaining the benefits to the customer if you're trying to sell a good or service. really well-liked and that has sold a huge amount of copies: She recently published a best-selling memoir. She is a best-selling author, which means that her works sell in significant quantities.
learn more about Selling here:
https://brainly.com/question/22521384
#SPJ4
when a brand advertises its products as being superior to that of its competitors, it is demonstrating ___
When a company promotes its goods as being superior to those of its rivals, it is acting aggressively in the marketplace which demonstrates Competitive aggression.
Competitive aggression has long been seen to be a direct cause of improved corporate success, but as a mediating factor, it still needs to be more thoroughly demonstrated. This study attempts to investigate the causal relationship between private colleges' commercial performance and their network capability, knowledge production, innovativeness, and competitive aggression. To investigate the function of competitive aggressiveness as a mediating factor, one model is put forth. The majority are professors from East Java, Indonesia's top 10 private colleges. SEM analysis utilising random sampling on 230 respondents. The findings demonstrate the validity of the model and demonstrate that competitive aggressiveness plays a constructive mediating role in the relationship between network capability, knowledge generation, innovativeness, and business performance. The findings also demonstrate that while network capabilities has no impact on competitive aggressiveness, knowledge development and innovativeness do. The research's conclusion is that management should push organisations and professors to do more research and publications for recognised journals, as this will raise universities' rankings. The administration awarded awards to each lecturer who could submit their writings, which were later published by respected publications, in an effort to increase the lecturers' enthusiasm.
Visit here to learn more about brand advertisement: https://brainly.com/question/30185602
#SPJ4
According to the study cited in the text, what are the three largest gaps in career readiness employers see in college students applying for employment?
diversity and inclusion
written communication
critical/analytical thinking
organizing/evaluating information
motivation to learn
According to studies cited in the text, the three biggest gaps in career readiness employers see in college students applying for employment are information planning/assessment, written communication, and critical/analytical thinking. Here options B, D, and E is the correct answer.
These skills are considered essential for success in the workplace and are often identified as areas in which college graduates struggle.
Employers often report that college graduates have difficulty effectively planning, assessing, and organizing information, expressing themselves clearly in writing, and lacking the critical thinking and problem-solving skills necessary to excel in the workplace.
They also report that many college graduates struggle to effectively organize, evaluate and use the information to make decisions.
Complete question:
According to the study cited in the text, what are the three largest gaps in career readiness employers see in college students applying for employment?
A - diversity and inclusion
B - written communication
C - critical/analytical thinking
D - organizing/evaluating information
E - motivation to learn
To learn more about career readiness
https://brainly.com/question/27841409
#SPJ4
annin laboratories uses the weighted-average method to account for its work-in-process inventories. the accounting records show the following information for february: beginning wip inventory direct materials$ 20,553 conversion costs6,805 current period costs direct materials225,147 conversion costs117,460 quantity information is obtained from the manufacturing records and includes the following: beginning inventory6,000units(40% complete as to materials, 15% complete as to conversion) current period units started44,000units ending inventory11,000units(75% complete as to materials, 35% complete as to conversion) required: compute the equivalent units for the materials and conversion cost calculations. compute the cost per equivalent unit for direct materials and conversion costs.
The cost per equivalent unit of material is $5.19 (225,147/43,000). The cost per equivalent unit for conversion costs is $2.83 (117,460/41,350). In this case, the equivalent units of materials production are 43,000 (6,000 + 44,000 - 11,000).
The equivalent units of production for the rebuild costs are 41,350 (6,000 x 0.85 + 44,000 - 11,000 x 0.35). The weighted average method is used to account for work-in-process inventory. Under this method, equivalent units of production are calculated by taking the total number of units in beginning inventory, adding the number of units started during the period, and subtracting the number of units in ending inventory. This method takes into account both beginning inventory costs and current period costs and is a good way to accurately reflect production costs.
To know more about weighted average method click here
https://brainly.com/question/12253665
#SPJ4
Suppose the following statistics characterize the financial health of the hypothetical economy Spendia at the end of 2017:•Gross domestic product (GDP) is equal to $200 billion.•The national debt is equal to $240 billion.•The government has a budget deficit of $8 billion.•The debt ceiling in Spendia is set at $259 billion.
The financial health of the hypothetical economy Spendia for the given financial information will be approximately 2.33 for the above situation.
The financial health of an economy is a calculation which is determined on the basis of the solution of division of the total liabilities and the assets. Using the provided values, the computation for Spendia's financial health will be as shown below.
Spendia's financial health = Total Liabilities / Total Assets
Spendia's financial health = 467 / 200
Spendia's financial health = 2.335
Therefore, the financial health has been computed as 2.33.
Learn more about financial health here:
https://brainly.com/question/29576756
#SPJ4
A _____ is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer. A_____ in scope than a value chain. vis ______ A customer benefit package is defined as a(n)_____ conceptualize and visualize goods and services by thinking _____ The CBP is a way to about how goods and services are bundled and configured together.
The answer is Value chain; Supply chain; Narrower; set of tangible and intangible features that customers recognize, pay for, use, or experience; broadly.
A Value chain is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer. A Supply chain is narrower in scope than a value chain. A customer benefit package is defined as a(n) set of tangible and intangible features that customers recognize, pay for, use, conceptualize and visualize goods and services by thinking broadly The CBP is a way to about how goods and services are bundled and configured together.
The CBP is a way to identify the value chains in which a company operates. The value chain can be broken down into five stages:
The first stage is raw materials procurement. This is where companies identify the resources they need to produce their product. They then identify the suppliers who can provide these resources at a lower cost.
The next stage is manufacturing. This is where the raw materials are processed and made into a final product. The next stage is distribution and marketing. This is where the final product is sold to the customer. The last stage is sales and marketing. This is where the customer pays for the final product.
Question:
A __________________ is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer. A _____________ is ___________ in scope than a value chain. A customer benefit package is defined as a(n)___________conceptualize and visualize goods and services by thinking ____________ The CBP is a way to about how goods and services are bundled and configured together.
To know more about Supply chain:
brainly.com/question/25160870
#SPJ4
15. Which statement best describes a production possibilities curve (PPC) with a straight line?
OAPPC with a straight line indicates that the production is under increasing costs.
OAPPC with a straight line indicates that units A and B are producing too many units.
OAPPC with a straight line indicates that for every unit A or B relinquishes, no additional units can be produced.
OAPPC with a straight line indicates that for every unit A or B relinquishes, an additional unit of an opposing good is produced.
best describes a production possibilities curve (PPC) with a straight line A PPC with a straight line indicates that the production is under increasing costs
What is production possibilities curve (PPC)?Given the available resources and technology, the production possibilities curve (PPC) is a graph that displays all the possible output combinations. Things that alter an economy's output, like as technological advancements, resource changes, increases in education or training (this is what we refer to as "human capital"), and adjustments to the labor force, are what generate shifts in the production possibilities curve. The production possibilities curve depicts the maximum output for two items under resource constraints. Additionally, it shows the opportunity cost of resource allocation choices.Changes in the overall number of production elements that are accessible or technological improvements can cause the PPF to migrate outward or inward. The economy can generate more items at any point along the frontier if the overall number of production components, such as labor or capital, grows.To learn more about production possibilities curve refer to:
https://brainly.com/question/26460726
#SPJ1
A firm earns normal profit:a. when economic profit equals explicit costs.b. when accounting profit equals implicit costs.c. when accounting profit equals explicit costs.d. when economic profit equals implicit costs.e. explicit costs equal implicit costs.
A firm earns normal profit when accounting profit equals implicit costs.
What is the normal profit of a firm?When the difference between a company's total revenue and its combined explicit and implicit expenses is equal to zero, it is said to be operating at normal profit.In order for a business to be justified, it must have a normal profit, which happens when all revenues and expenses are equal. It comprises the potential costs of passing up the next best option as well as the implicit and explicit prices.When average cost is equal to average revenue or when total cost equals total revenue, a business is said to be operating normally.Capital Used X Normal Rate of Return/100 equals Normal Profit.To learn more about normal profit refer to:
https://brainly.com/question/29309524
#SPJ4
Your friend is starting a new company and wants your help since you are taking Managerial Accounting. The item they want to sell they are estimating will cost $40 and sell for $50. There are similar items on the market that sell for $52. (Answer each separately and do not paraphrase/quote from the book and have complete sentences. You are graded based on your first response.)1. What costing questions should be asked before making a decision about producing the product for sale based on what you learned in chapter 6 (focus on this chapter please)? Provide at least 4 questions and why the information would be helpful.2 What would you recommend and why?
Your friend is starting a new company and wants your help since you are taking Managerial Accounting...The following are some costing questions that should be considered before making a decision about producing the product for sale based on what I learned:
The following are some costing questions that should be considered before making a decision about producing the product for sale based on what I learned:What are the variable costs associated with producing the item? Having this information would help determine the break-even point and the minimum price at which the product would need to be sold to make a profit.What are the fixed costs associated with producing the item? This information would help determine the total cost of production and the minimum price at which the product would need to be sold to cover all costs.What is the capacity utilization for the production of the item? Knowing this would help determine if the company has the capacity to produce the item without incurring additional fixed costs.What is the pricing strategy for similar products on the market? Having this information would help determine if the product can be competitively priced and still make a profit.Based on the information provided, I would recommend not producing the product for sale. The estimated cost of $40 and the selling price of $50 is less than the price of similar items on the market, which are being sold for $52. It's unlikely that the company would be able to make a profit by selling the item at that price.
To learn more about Managerial Accounting here:
https://brainly.com/question/14570679
#SPJ4
when using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income? multiple choice decrease in income taxes payable. depreciation expense. loss on sale of plant assets. decrease in accounts receivable. decrease in merchandise inventory.
The indirect method of calculating and reporting net cash provided or used by operating activities.
Which involves subtracting noncash items, such as depreciation expense and losses on sale of plant assets, from net income to arrive at the total amount of cash generated by the firm’s operating activities.
Other items that need to be subtracted from net income include decreases in income taxes payable, accounts receivable, and merchandise inventory.
All of these items are noncash items that are not included in the net income calculation but affect the amount of cash generated or used by the firm’s operating activities. As such, they must be subtracted from net income in order to arrive at the true amount of cash provided or used by operating activities.
Learn more about income:
https://brainly.com/question/15530787
#SPJ4
Item2 20 points Time Remaining 1 hour 49 minutes 42 seconds01:49:42 eBookItem 2 Time Remaining 1 hour 49 minutes 42 seconds01:49:42 Babcock Company purchased a piece of machinery for $37,500 on January 1, 2019, and has been depreciating the machine using the sum-of-the-years'-digits method based on a five-year estimated useful life and no salvage value. On January 1, 2021, Babcock decided to switch to the straight-line method of depreciation. The salvage value is still zero and the estimated useful life is changed to a total of six years from the date of purchase. Ignore income taxes. Required: 1. Prepare the appropriate journal entry, if any, to record the accounting change under GAAP. 2. Prepare the journal entry to record depreciation for 2021.
Debiting the account for Depreciation Expenses (which appears in the income statement) and crediting the account for Accumulated Depreciation is the fundamental journal entry for depreciation (which appears in the balance sheet as a contra account that reduces the amount of fixed assets).
What is depreciation, and what does it look like in a journal?Depreciation is the loss in asset value brought on by usage or regular wear and tear. Example of a journal entry: $5,000 worth of machinery was depreciated.Debiting the account for Depreciation Expenses (which appears in the income statement) and crediting the account for Accumulated Depreciation is the fundamental journal entry for depreciation (which appears in the balance sheet as a contra account that reduces the amount of fixed assets).Depreciation enables you to prevent making a significant expense in a single accounting period, which could negatively affect both your balance sheet and income statement. Expenses must be included as a journal entry after depreciation has been determined.To learn more about journal entry refer to:
https://brainly.com/question/28390337
#SPJ4
T/F : one consequence of the paradox of voting is that whoever sets the agenda of a vote could practically predetermine the results of the vote.
This announcement is True.
The paradox of voting, additionally called Downs' paradox, is that for a rational, self-interested voter, the fees of balloting will generally exceed the anticipated benefits.
How does it create the "paradox of voting"?Despite the reality that the probability of casting a decisive vote is nearly zero, human beings still incur prices to forged a vote.
What is majority vote casting paradox?The Condorcet paradox (also known as the vote casting paradox or the paradox of voting) in social desire idea is a situation stated by the Marquis de Condorcet in the late 18th century, in which collective preferences can be cyclic, even if the preferences of man or woman voters are now not cyclic.
A paradox is a announcement that contradicts itself. For example, the assertion “I am no longer lying” is a paradox due to the fact it means one cannot be telling the truth whilst saying they are no longer lying. The word derives from two Greek words which means “contrary to belief”.
Learn more about voting paradox here:
https://brainly.com/question/28347885#SPJ4The FOMC has increased from 2% to 6% what they consider a rate of inflation that is consistent with the dual mandate of the Federal Reserve. True False
The FOMC raised the rate of inflation that they see as being in line with the Federal Reserve's dual mission from 2% to 6%. This statement is false.
The FOMC (Federal Open Market Committee) is the monetary policy-making body of the Federal Reserve, which sets the federal funds rate and has the authority to influence other interest rates in the economy.
The FOMC does not have a specific inflation target rate, but rather a 2% inflation target as measured by the PCE (Personal Consumption Expenditures) price index over the longer run. The FOMC's target is not a hard and fast rule, but rather an objective or a longer-run goal that the committee is attempting to achieve.
To learn more about FOMC
https://brainly.com/question/13874179
#SPJ4
during a discussion with her therapist, mrs. bradshaw is asked to describe her husband. among other things, she notes that he is very law abiding, always drives with extreme care, and frequently boasts that he has never received a ticket. he never completed high school because he couldn't handle all that abstract, hypothetical stuff and is fairly content working as a custodian in an office building.
Based on the information provided, it seems that Mrs. Bradshaw's husband is a law-abiding and cautious individual who takes great care when driving and has never received a ticket.
He may also have a limited educational background and may be content with his job as a custodian in an office building.
It's worth noting that the information provided is limited and it's hard to make a complete assessment of his personality and characteristics, but the information provided by Mrs. Bradshaw may suggest that he is a responsible and safe driver, possibly with a more concrete thinking style.
It is also possible that he may not have an interest in more abstract or hypothetical concepts, which may be why he did not complete high school.
To learn more about character traits:
https://brainly.com/question/15229018
#SPJ4
