Based on the various purchases and costs incurred by Elite Mfg Co., the cost of finished goods in August is B. $92,000.
What is the cost of finished goods?This can be found as:
= Direct material beginning inventory + Purchase of raw materials - Ending raw materials + Direct labor + Manufacturing overhead + Opening Work in process - Closing WIP
Solving gives:
= 25,000 + 60,000 - 35,000 + 25,000 + 35,000 + 47,000 - 65,000
= $92,000
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Suppose the local government decides to reduce traffic congestion on a bridge by imposing a toll. The toll will be most effective if the price elasticity of demand for the bridge is:
The toll to reduce traffic congestion will be most effective if the price elasticity of demand is elastic.
Why should the toll be elastic?An elastic poll means that there is a more than proportionate change in the number of people driving, if a toll is imposed.
This means that imposing a toll on an elastic bridge would lead to less people using the bridge to avoid paying the toll.
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List and describe the 3 primary ways in which banks make
money available to consumers.
Answer:
Currently, the majority of large banks offer deposit accounts, lending, and limited financial advice to both demographics. Products offered at retail and commercial banks include checking and savings accounts, certificates of deposit (CDs), personal and mortgage loans, credit cards, and business banking accounts.
Banks earn money in three ways: They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.
Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.
Explanation:
the two categories of cost comprising conversion costs are
Answer:
Explanation:
Direct labor and factory overhead
Among the securities issued by a firm, the after-tax cost of hybrids (bonds with warrants or convertible bonds ) is
Answer:
yes
Explanation:
yes
kaylee is so afraid of snakes that she avoids most outdoor activities and even refuses to spend time in her own backyard alone. kaylee appears to suffer from:
Based on the described scenario, it is most likely that Kaylee is suffering from specific phobia.
What is a Phobia?This refers to the fear of something that is sometimes irrational and causes weird behavior and is diagnosed to be a psychological problem.
Hence, we can see that based on the fact that Kaylee is scared of snakes and as a result, avoids outdoor activities, and does not even spend time alone in the backyard, she likely suffers from a specific phobia.
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What is the for an individual or organization with a potential interest in buying something a company has to sell?
An individual or organization with a potential interest in buying something a company has to sell is called as Target Market.
What is target market?A target market is a group of people with some shared characteristics that a company has identified as potential customers for its products. Identifying the target market informs the decision-making process as a company designs, packages, and markets its product.
A target market may be broadly categorized by age range, location, income, and lifestyle. Many other demographics may be considered. Their stage of life, their hobbies, interests, and careers, all may be considered.
Thus, An individual or organization with a potential interest in buying something a company has to sell is called as Target Market.
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What is FFA’s publication titled?
Boundaries
Vistas
Perspective
Horizons
Answer:
horizons
Explanation:
Learn everything you need to know about FFA—its history, bylaws, constitution and more—with the Official FFA Manual, now available online for free. You can also view the links on your mobile phone for easy access.
Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for Group of answer choices only the contractual obligations. all of the obligations, jointly but not severally. nothing. all of the obligations, jointly and severally.
In partnership obligations that Olivia does not participate in or ratify, she would be liable for all obligations, jointly and severally.
What do you know about partnership agreement?An agreement among or extra commercial enterprise companions. The companions use the settlement to define their rights responsibilities, earnings, and loss distribution is referred to as a Partnership Agreement.
Hence, In Partnership obligations that Olivia does not participate in, or ratify, she would be liable for all of the obligations, jointly and severally.
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Shonda wants to open a deli. She is worried that it won't be successful unless
it has a familiar brand name, so she pays for the rights to use the name and
logo of an existing deli company. What type of business is Shonda forming?
O A. A franchise
O B. A cooperative
O C. A partnership
O D. A corporation
If he pays for the rights to use the name and logo of an existing deli company. The type of business is Shonda forming is: A. A franchise.
What is franchise?Franchise can be defined as the way a person or a company is given the license or right to use a another company trade name or logo.
Based on the given scenario Shonda forming a franchise type of business because he was given the rights to use the name and logo of an existing deli company.
Therefore the type of business is Shonda forming is: A. A franchise.
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Will mark brainliest !
4) Match the economic system to its definition. (2 points)
Market economy / mixed economy / traditional economy / command economy
Choices:
- an economy where a central government determines both the allocation of resources and the production of goods and services.
- an economy that takes element from both a market economy and a command economy to allocate resources and determine the production of goods and services
- an economy where culture determines both the allocation of resources and the production of goods and services
- an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services
Matching the various economic systems (Market economy, mixed economy, traditional economy, and command economy) to their correct definitions follows:
What are the types of economic systems?The economic systems with their correction definitions include:
1. Market economy - D. an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services.
2. Mixed economy - B. an economy that takes elements from both a market economy and a command economy to allocate resources and determine the production of goods and services.
3. Traditional economy - C. an economy where culture determines both the allocation of resources and the production of goods and services.
4. Command economy - A. an economy where a central government determines both the allocation of resources and the production of goods and services.
Thus, the economic system has been matched to its correct definition.
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Create a PPC for a country that produces 50 million guns and 200 tons of butter and label the following
a. Production Possibilities frontier
b. Efficiency
C. Underutilization
The production possibility curve shows the different combination for output that can be produced from the resources and technology.
What is a PPC?It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.
In this case, the points show how much of the goods van be produced. Point E means underutilization.
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The quick ratio provides a more reliable measure of liquidity than the current ratio especially when the company's inventory takes Blank______ to sell.
Which of these company figureheads is not a real person? chef boyardee juan valdez colonel sanders duncan hines.
Answer:
The correct answer is Juan Valdez
Juan Valdez of these company figureheads is not a real person. Thus, option B is correct.
What is a company?A company is a legal body created by a group of people to conduct and manage a multinational corporation, whether it be commercial or economic.
Juan Valdez is a fictional character. In the New York metropolitan area premises of a promotional agency, he established in 1959. A significant marketing effort to showcase Colombian beans as a particular device and indicator of distinction was led by Juan Valdez.
A phantom director is a responsibility of the deck membership who represents non-board members by acting and voting on their account. Anybody who holds a leadership role in the company but possesses little actual power. Therefore, option B is the correct option.
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The monthly expenses acquired when running a business are called _____. selling expenses business expenses operating expenses purchasing expenses
Answer:
operating expenses
Explanation:
trust
A cost that includes both fixed and variable cost components is called a:______a. mixed cost.b. step-variable cost.c. composite cost.d. curvilinear cost.e. differential cost.
Answer:
The answer is A. Mixed cost
Explanation:
A mixed cost is an expense that has attributes of both fixed and variable costs. In other words, it’s a cost that changes with the volume of production like a variable cost and can’t be completely eliminated like a fixed cost.In a market economy, competition is a crucial requirement. what is one benefit to fostering competition in an economic system?
it gives consumers more choices in the quality and price for things they want to buy.
it causes higher prices, so businesses make a higher amount of profits.
it limits the freedom companies have to create new products.
it never requires any outside assistance from the government.
In a market economy, competition is an important responsibility. The benefit to fostering competition in an economic system is that it affords consumers more choices in the quality and price of belongings they want to purchase.
What is a market economy?A market economy is defined as those economic systems where the price communications constituted by supply and demand force judgments about production, investment, savings and distribution to consumers.
In this system, all providers and consumers are open-ended by price regulations or contract freedom. Competition is an essential element of a that economy.
The advantage of increasing competition in an economic system is that it provides consumers with more options in terms of the quality and pricing of the goods they want to purchase.
Therefore, option A is correct.
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Answer:It gives consumers more choices in the quality and price for things they want to buy.
Explanation:
How does accenture help companies harness the power of data to achieve optimal business outcomes?.
The use of Accenture helps companies ensure their information is trustworthy and reliable.
What is the use of Accenture by companies?Accenture in its most prominent use helps businesses implement to make sure their information is trustworthy and reliable. That the corporate provides services like management consulting and outstanding.
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Reasons why allocation of resources is influenced by demand and supply:
What are some typical expenses for a person just starting out in a rental apartment?.
Answer:
down payment, groceries, and repair bills.
Explanation:
trust
If the operations of a firm are similar to its industry, the ______ beta should be used to estimate the firm's cost of equity capital.
If the operations of a firm are similar to its industry, the industry's beta should be used to estimate the firm's cost of equity capital.
What is industry beta?Industry beta can be use to determine a company or an organization assets risk.
Most company tend to make use of industry beta as it help to determine or estimate how cost of equity change in relation to the market index.
Therefore the industry's beta should be used to estimate the firm's cost of equity capital.
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erson who studies how society distributes resources and how goods and services are produced is known as an __________. A. administrator B. economist C. analyst D. engineer
A person who studies how society distributes resources and how goods and services are produced is known as an B. economist.
Who is an Economist?This refers to the person that studies and analyzes the way society distributes scarce resources.
Hence, we can see that based on the definition of economics, one can see that this refers to the equitable distribution of scarce resources, and a person who studies how society distributes resources and how goods and services are produced is known as an B. economist.
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Ray is interested in studying economic growth of his country. He pulled statistics for the GDP of his country, Country G, and found it's present GDP to be $345,521. What will Country G's GDP be in 3 years with an annual growth rate of 9%
The Country G's GDP be in 3 years with an annual growth rate of 9% will be $447,460.
What is GDP?The full form of GDP is Gross Domestic Product which refers to the monetary value of the goods and services produced in the country for the given period of the time.
In above scenario, The GDP of the Country G is $345,521. Thus in order to calculate the Country G's GDP for the 3 years with an annual growth rate of 9% following formula is to be used:-
Future GDP = GDP at starting date×(1+growth rate of GDP)years
=$345,521×(1+0.09)3
=$447,460
Thus GDP at the end of the 3 years will be $447,460.
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Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all ___
Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all Reverse budgeting.
What is Reverse budgeting?Reverse budgeting is a type of budget system where the business owner sees himself as a staff and pays himself first.
The money left is can then be divides to manage other business operations and saving.
Therefore, Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all Reverse budgeting.
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