Answers
Monopolies are quite common in business. You have a monopoly if you provide a good or service that no one else does.
Why Does the Marginal Revenue Curve in a Monopoly Fall Below the Demand Curve?Your monopoly position will be eliminated over time as rivals attempt to match or improve upon your innovation. It's crucial to comprehend how your monopoly affects your demand curve while you hold the position of market leader and why your marginal income curve will always be lower than your demand curve.
What is demand curve?A cornerstone of economics is the law of demand, which states that as a good's price rises, less people want it. In contrast, the demand increases as the price decreases, according to Corporate Finance Institute. This creates what is known as the demand curve when plotted on a graph. The graph's horizontal axis represents the amount sold, while the vertical axis represents the price charged for an item. The normal demand curve slopes from upper left, where a high price results in low demand, to lower right, where a low price results in strong demand. The demand curve for each product or service is unique.
What is monopoly situation?There is no direct competition when you hold a monopoly over something. The demand curve for your good or service will tell you how much you'll sell at any price you choose. If you want to increase sales, you must cut the price or offer a rebate, coupon, discount, or other special offer that has the same impact. Meanwhile, if you raise the price, fewer products will be sold. In contrast, no one business can set pricing in a competitive market; you might need to match competitors' prices and compete on service or quality.
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Related Questions
Which section of a business plan gives details about a business's core products and services?
The
section of a business plan talks about a business's core products and services, and their features and benefits
to the consumers.
Answers
Answer:
an executive summary is compelling which reveals the company's mission statement, along with a short description of its products and services. its also good to briefly explain why you're starting your company and include details about your experience in the industry that you're entering
How to calculate opening capital
Answers
Answer:
Opening Capital = closing capital + drawings - additional capital - profit + loss.
Explanation:
The opening capital is the balanced equalization exhibited around the beginning of an accounting period.
What does ESG stand for
Answers
Answer:
Environmental, Social, and Governance
Explanation:
That's what I was told
221 HW4 Ch 21
Question 6 of 10
- / 1
Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Cost Reconciliation
Cost accounted for
Transferred out
$
Work in process
Materials
$
Conversion costs
Total cost accounted for
$
eTextbook and Media
Answers
The cost reconciliation schedule:
Cost accounted for Transferred out $54,000Work in process Materials $36,000Conversion costs $25,500Total cost accounted for $115,500eTextbook and Media $0Transferred out: The transferred out cost is the sum of the materials, labor, and overhead. In this case, it is $36,000 (materials) + $88,500 (labor) + $54,000 (overhead) = $178,500.
Work in process - Materials: The work in process cost for materials is $36,000.
Conversion costs - Work in process: The work in process cost for conversion costs is calculated by multiplying the percentage of completion for conversion costs (50%) by the equivalent units of production for conversion costs (57,000). Therefore, it is 0.5 * 57,000 = $28,500.
Total cost accounted for: The total cost accounted for is the sum of the transferred out cost, work in process cost for materials, and work in process cost for conversion costs. In this case, it is $54,000 + $36,000 + $25,500 = $115,500.
eTextbook and Media: The cost of eTextbook and Media is not specified in the provided information. If there is no cost associated with eTextbook and Media, it would be $0.
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Find the present values of the following cash flow streams. The appropriate interest rate is 10%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows. However, if you have a financial calculator, read the section of the manual that describes how to enter cash flows such as the ones in this problem. This will take a little time, but the investment will pay huge dividends throughout the course.
Year    Cash Stream A Cash Stream B
1 $100 $300
2 400 400
3 400 400
4 400 400
5 300 100
   Â
Required:
What is the value of each cash flow stream at a 0 percent interest rate?
Answers
Answer:
a. The present value of Cash flow stream A at 10% interest rate is $1,181.50; while the present value of Cash flow streams B at 10% interest rate is $1,239.13.
b. Present value of Cash flow streams A and B at 0% interest rate are both equal to $1,600.
Explanation:
a. Calculations of the present values of Cash Flow Stream A and B at 10% interest rate
The present value (PV) for a particular year can be calculated using the following formula:
PV = FV / (1 + r)^n
Where:
PV = present value of a particular year
FV = Future value or cash stream of a particular year
r = interest rate = 10%
n = The particular year in focus
The present value of cash flow streams at a particular interest rate is the sum of the present values of Cash Stream for all years, and this can be calculated as follows:
Present value of Cash flow stream A at 10% interest rate = (100 / (1 + 10%)^1) + (400 / (1 + 10%)^2) + (400 / (1 + 10%)^3) + (400 / (1 + 10%)^4) + (300 / (1 + 10%)^5) = $1,181.50
Present value of Cash flow streams B at 10% interest rate = (300 / (1 + 10%)^1) + (400 / (1 + 10%)^2) + (400 / (1 + 10%)^3) + (400 / (1 + 10%)^4) + (100 / (1 + 10%)^5) = $1,239.13
b. Calculations of the present values of Cash Flow Stream A and B at 0% interest rate
The present value of cash flow streams at a 0% is simply the sum of Cash Flow Stream for all years, and this can be calculated as follows:
Present value of Cash flow stream A at 0% interest rate = $100 + $400 + $400 + $400 + $300 = $1,600
Present value of Cash flow streams B at 0% interest rate = $300 + $400 + $400 + $400 + $100 = $1,600
What’s the forecasted capital expenditure based on the information below? Net PP&E beginning of period: 15,000 Net PP&E end of period: 17,500 Depreciation expenses: 2,400
Answers
The forecasted capital expenditure based on the information below is 4,900. Thus the correct answer is B.
What is Capital?Capital is referred to as the lifeblood of any business. It is the collection of assets of the business that has their financial value to make the production of goods and services.
For calculating the forecasted capital-
Net PP&E beginning of period = 15,000
Net PP&E end of period = 17,500
Depreciation expenses = 2,400
Forecasted capital expenditure = Net PP&E end of period + Depreciation expenses - Net PP&E beginning of the period
= 17500 + 2400 - 15,000
= 4,900
Therefore, option B 4,900 is appropriate to answer.
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The complete question is-
What’s the forecasted capital expenditure based on the information below?
Net PP&E beginning of period: 15,000
Net PP&E end of period: 17,500
Depreciation expenses: 2,400
Review Later
2,500
4,900
100
-100
8. Refer to the Prescription Drug table on page 4 in the sample Health Benefits Form. John is
covered under the Standard Plan and plans to purchase his prescription drugs from an
in-network pharmacy. All of the following are true, EXCEPT...
a. For a 30-day supply purchased at retail, the generic version of the prescription drug
is $40 cheaper than the preferred brand.
b.
If John is looking for the lowest cost for his prescription drugs, he should purchase
from mail order.
c. The cost of a three month supply of generic prescription drugs purchased at retail
would be $50.
di John chose
and be no difference in the price of the
generic version of prescription drugs
Answers
The patient's name, the name of the medication, the dosage, and the dosage schedule are all listed on the label of each prescription medicine container. When a prescription is filled, the pharmacy typically provides more in-depth printed information about the medicine.
Which section of the prescription contains medicine-related information?Inscription (Medication Prescribed) The most crucial section of the prescription is the inscription, which details the drug's composition and dosage. It's possible that the medication is some kind of official or non-official formulation.
What are the 4 primary pieces of a solution?A prescription traditionally consists of four parts, predating modern legal definitions of the term: a signature, inscription, subscription, and superscription. The patient's information, such as name, address, and age, can be found in the superscription section.
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Suppose you are the money manager of a $2 million investment fund. The fund consists of four stocks with the following investments and betas. Stock Investment Beta A $ 200 000 1.50 B $ 300 000 -0.50 C $ 500 000 1.25 D $1000 000 O.75
If the market required rate of returns is 28 and the risk-free is 12%:
Calculate:
i. Stock A required rate of return
ii. Stock B required rate of return
iii. Stock C required rate of return
iv. Stock D required rate of return
v. What is the Fund’s required rate of return?
Answers
Answer:
5 ms
Explanation:
The best way to research an expensive product is to? A. Visit multiple company websites B. Watch many television commercials C. Make a purchase and test it out D. Read consumer information magazines
Answers
Answer:
D
Explanation:
edge 2020
The best way to research an expensive product is to read consumer information magazines. Thus option (D) is correct.
What is research ?Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.
Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society.
The Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.
The best way to research an expensive product is to read consumer information magazines. Therefore, option (D) is correct.
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Sally Hamilton has performed well as the chief financial officer of the Maxtech Computer Company and has earned a bonus. She has a choice among the following three bonus plans: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) A $50,000 cash bonus paid now. A $10,000 annual cash bonus to be paid each year over the next six years, with the first $10,000 paid now. A three-year $22,000 annual cash bonus with the first payment due three years from now. Required: Evaluate the three alternative bonus plans. Sally can earn a 6% annual return on her investments. (Round your answers to nearest whole dollar amount.) What is the present value of the first alternative
Answers
Answer and Explanation:
First alternative Present value;
= $50,000
The $50,000 is to be paid now so this is its present value.
Second alternative;
This is an Annuity due as the first payment is now. The present value is;
= 10,000 * Present Value of Annuity dude factor for 6 years, 6%
= 10,000 * 5.2124
= $52,124
Third alternative;
= 22,000/(1 + 6%)^3 + 22,000/(1 + 6%)^4 + 22,000/(1 + 6%)^5
= $52,337
The third alternative should be chosen as it offers the highest present value.
PLC Ltd. found the following debts to be bad on the dates shown
Answers
The acronym PLC, which stands for a public limited company, indicates that the firm's shares are publicly traded. It is the British equivalent of "Inc." in the United States.
What is PLC?In the United Kingdom, a public limited company (PLC) is a type of public business. PLC is the counterpart of a publicly listed firm in the United States that uses the Inc. or corporation classification. The inclusion of the PLC acronym following a business's name is required, and it informs investors and anybody interacting with the firm that it is a publicly listed corporation. PLC, which stands for a public limited company, is an acronym for public corporations in the United Kingdom.
PLCs make up the majority of the firms listed on the London Stock Exchange. A PLC shares can be purchased by any regular investor. Unlike privately held companies, public companies are required to publish financial data and disclosures to the public on a regular basis.
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What is yall favorite sport to play? And why?
Answers
Please mark me brainliest
35. Porter's national diamond can be used to:
Answers
Answer:
The Porter Diamond model explains the factors that can drive competitive advantage for one national market or economy over another. It can be used both to describe the sources of a nation's competitive advantage and the path to obtaining such an advantage.
On January 1, Sharp Company purchased $50,000 of Sox Company 6% bonds, at a time when the market rate was 5%. The bonds mature on December 31 in five years, and pay interest annually on December 31. Sharp plans to and has the ability to hold the bonds until maturity. Assume that Sharp uses the effective interest method to amortize any premium or discount on investments in bonds. At December 31, the bonds are quoted at 98.
Required:
a. Prepare the entry for the purchase of the debt investment on January 1, 2020.
b. Prepare the entry for the receipt of interest on December 31, 2020.
c. Record the entry to adjust the investment to fair value on December 31, 2020, if applicable
Answers
The journal entries to record the transactions for Sharp Company are as follows:
a) January 1, 2020:
Debit Bonds Receivable $50,000
Debit Bonds Premium $2,165
Credit Cash $52,165
To record the purchase of the debt investment.b) December 31, 2020:
Debit Cash $3,000
Credit Interest Revenue $2,608
Credit Bonds Premium Amortization $392
To record the receipt of interest.c) December 31, 2020:
Debit Fair Value Loss $1,000
Credit Bonds Receivable $1,000
To adjust the investment to fair value.What is a bond's premium?The bonds premium, in this case, refers to the excess cash that Sharp Company paid for the purchase of the bonds when the effective market rate is 5% with a coupon rate of 6%.
The implication is that Sharp Company paid more for the bonds than the market value.
Data and Calculations:Purchase of Sox Bonds = $50,000
PV = $52,165
Premium on bonds = $2,165
Interest rate = 6%
Market rate = 5%
Maturity period = 5 years
Interest payment = annually on December 31
Transaction Analysis:a) January 1, 2020: Bonds Receivable $50,000 Bonds Premium $2,165 Cash $52,165
b) December 31, 2020: Cash $3,000 Interest Revenue $2,608 Bonds Premium Amortization $392
c) December 31, 2020: Fair Value Adjustment $1,000 Bonds Receivable $1,000
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on april 1, katie inc. collected $2,400 from a customer for a 12-month membership starting on that date. on december 31, katie inc. should credit: multiple choice question. service revenue for $600 deferred revenue for $600 service revenue for $1,800 deferred revenue for $1,800
Answers
On December 31, Katie inc. should credit $1,800 of deferred revenue as per the given information. Thus, option D is correct.
The given data is as follows:
Collected amount = $2400
Time period = 12-month
starting date = December 31
In the balance sheet, the deferred revenue which is also called Membership Revenue is recorded as a liability because it is mainly used for the repayment of the liabilities to the customers. It is given that Katie earned 9 months from her 12months subscription.
so, as per the information, on April 1, Deferred Revenue = $2,400
December 31 Deferred Revenue = $1,800
Membership Revenue = ($2,400 x 9/12)
Membership Revenue= $1,800.
Therefore, we can conclude that on December 31, Katie inc. should credit $1,800.
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Unsubsidized Stafford Loans:
A. accrue interest while the student is enrolled full-time in school.
B. are paid by your parents.
C. accrue interest 10 years after graduation.
D. are paid by the government.
Answers
Answer:
A
Explanation:
accrue interest while the student is enrolled full-time in school.
Unsubsidized Stafford Loans accrue interest while the student is enrolled full-time in school. Thus, option A is correct.
What is a Loan?A loan is anything that is lent to another entity in exchange for prospective repayment of something like the loan balance plus interest and other financing charges, whether it be properties, income, or other tangible items.
After any other want loans, fellowships, prizes, and other funds have been deducted or up towards the annual cap loan limit, and see which is smaller, a Federal Direct Unsubsidized Bridgewater Loan is granted as both a non-need-based loan.
You will be paid fees on employer-provided mortgages from minute they are disbursed until they are repaid in full. While still in university and throughout any forgiveness or deferral period, you may opt to postpone paying interest.
Therefore, option A is the correct option.
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n terms of total dollars spent, the number one and two advertising media are
Answers
The number one and two advertising media in terms of total dollars spent is television along with the direct mail.
What do you mean by advertising?Advertising means any paid, non-personal communication through various media. It helps pay for the production costs of newspapers and magazines.
Television along with direct mail refers to the advertisement that deals in direct response to the company by customers.
Other major direct marketing media includes the telephone, magazines, newspapers, television, and radios.
Therefore, in terms of dollars spent, the number one and two advertising media is television along with direct mail.
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How many times can you ask for refund on door dash because my order is messed up?
Answers
if mulitple orders are getting messed up you can get a refund anytime but not mulitple times if it comes from the same order
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Mike’s Motors Corp. manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month-end. If necessary, the company borrows to meet this requirement, at a cost of 2% interest per month (paid at the end of each month). Any cash balance above $30,000 at month-end is used to repay loans. The cash balance on July 1 is $32,000, and the company has no outstanding loans at that time. Forecasted cash receipts and forecasted cash payments (other than for loan activity) are as follows.
Cash
Receipts Cash
Payments
July $ 83,000 $ 111,000
August 109,000 97,900
September 148,000 125,400
Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.)
Answers
Answer:
Mike's Motors Corp.
Cash Budget for July, August, and September:
July August September Total
Beginning balance $32,000 $30,000 $30,000 $32,000
Cash receipts 83,000 109,000 148,000 340,000
Bank borrowings 26,000 0 0 26,000
Total receipts 141,000 139,000 178,000 $398,000
Cash Payments 111,000 97,900 125,400 334,300.00
Interest 520 308.40 828.40
Loan repayment 10,580 15,420 26,000.00
Total payments 111,000 109,000 141,128.40 361,128.40
Minimum cash balance 30,000 30,000 36,871.60 36,871.60
Explanation:
a) Data and Calculations:
Cash Receipts Cash Payments
July $ 83,000 $ 111,000
August 109,000 97,900
September 148,000 125,400
Minimum cash balance = $30,000
Interest on borrowings = 2% per month
July ending:
Borrowing to maintain minimum cash balance = $26,000
Interest for August = $520 ($26,000 * 2%)
August ending:
Loan balance = $15,420 ($26,000 - $10,580)
Interest for September = $308.40 ($15,420 * 2%)
The questions are in the images. The categories provided are: Cash, Accounts Receivable, Office Equipment, Office Furniture, Accounts Payable, Randy Guttery Capital, Randy Guttery Drawing, Fees Income, Rent Expense, Utilities Expense, Salaries Expense, Telephone Expense, and Miscellaneous Expense.
Answers
A collection of financial records that employ double-entry accounting is referred to informally as a T-account.
What is T- Account ?The phrase defines how the bookkeeping entries appear. On a page, a huge letter T is first drawn.The account name is then written above the top horizontal line and split by the bottom horizontal line., and below that, split by the vertical T of the letter, debits are reported on the left and credits are recorded on the right.
Every financial transaction is taken into account to have an impact on at least two of a company's accounts in double-entry bookkeeping, a common accounting technique. Each transaction will be recorded in one account as a debit entry and in the other as a credit entry.
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the yellow company has a current ratio of 2.65 . The acid test ratio is 2.01 . The current liabilities of the are company $45,000 . Assuming there are no prepaid expenses the dollar amount of merchandise inventoey is
Answers
Answer:
Amount of inventory = $28,800
Explanation:
Given:
Current ratio = 2.65
Acid test ratio = 2.01
Current liabilities = $45,000
Prepaid expenses = $0
Find:
Amount of inventory
Computation:
Current ratio = Current assets / Current liabilities
2.65 = Current assets / 45,000
Current assets = $119,250
Acid test ratio = [Current assets - Inventory - Prepaid expenses] / Current liabilities
2.01 = [119,250 - Inventory - 0] / 45,000
90,450 =119,250 - Inventory
Amount of inventory = $28,800
1. Conceptual skills consist of the job-specific knowledge needed to perform well in a specialized Field and technical Skill, consist of the ability to think analytically, to visualize an organization as a whole and understand how parts work together.
True/ False
2.The perception that all people in a certain group share common Attitudes,Values, and beliefs is known as stereotyping.
True/ False
3.The Management Function of leading is defined as monitoring performance, comparing it with goals and taking corrective action as needed and Controlling is defined as motivating, directing, and otherwise influencing people to work hard to achieve Organization Goals.
True/False
4.Social Responsibility is the notion that Corporations are expected to go above and beyond following the law and making a profit and Corporate Social Responsibility (CSR) is a Manager's duty to take actions that will benefit the interest of Society as well as of the Organizations.
True/False
5. There are three types of Organizations classified according to the three purposes for which they are formed
(1) For-Profit,
(2) Nonprofit, and
(3) Mutual-Benefit.
6.An independently owned and managed profit-seeking Enterprise employing fewer than 100 people is called a Small Business.
True/False
7.A Vision Statement expresses the purpose of the Organization and a Mission Statment expresses what the organizaion should become and where it wants to go strategically.
True/False
8.Outsourcing is defined as using suppliers outside the United States to provide labor, goods, or services, and Global Outsourcing is define as using suppliers outside the company to provide goods and services.
True/False
10. The traditional Management Pyramid is composed of three levels of Management : (1) Top Management
(2) Middle Management and
(3) First-Line Maagement (Lower Level). Top Managers make long term decisions, Middle Managers implement those decisions, and First-Line Managers make short-Term decision.
Answers
False. The statement is incorrect. Conceptual skills refer to the ability to think abstractly and understand complex ideas and relationships between different parts of an organization.
These skills allow individuals to think strategically and develop creative solutions to problems. Technical skills, on the other hand, refer to the specialized knowledge and abilities required to perform specific tasks related to a particular field. They involve the ability to use tools, techniques, and procedures to complete tasks in a specialized area. Therefore, the correct statement is that conceptual skills consist of the ability to think abstractly and understand complex relationships, while technical skills involve specialized knowledge and abilities needed to perform specific tasks.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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100 POINTS HELP PLEASE If you produce corn and soybeans, what percentage of your production is soybean when 25% of what you produce is corn?
A. 0%
C. 50%
B. 25%
D. 75%
Answers
Answer:
75%
Explanation:
If 25% of what you produce is corn, then the percentage of your production that is soybeans is 100% - 25% = 75%. This means that if you produce corn and soybeans, 75% of your production is soybean. Therefore, the answer is 75%.
Since you’re producing 25% soybeans, all you would need to do to find out what percentage of your production is corn is subtract 25% from 100%, aka 100-25, leaving you with 75 or 75% of your production being corn.
Which of the following do you prefer for business/ economic transactions.
1. Cash Vs Debit Card
2. Justify your choice
Answers
I personally prefer to use cash for business and economic transactions. I find that it provides a sense of security as I am able to physically see and hold the money, which makes it easier to keep track of my spending. Cash also allows me to have more control over my finances and helps me stick to a budget, as I can physically see how much money I have left. Additionally, using cash avoids the potential risks of identity theft or fraud that come with using electronic methods of payment such as debit cards. Overall, for me, cash provides a more reliable and secure way of conducting business and economic transactions.
5. Priest and Sons, is a local manufacturer of a product that sells for $13.50 per unit. Variable costper unit is $7.85 and fixed cost per period is $1 220. Capacity per period is 1100 units. Perform a break-even analysis showing an algebraic statement of:
a. the revenue function
b. the cost function
c. calculate the break-even point in units
Answers
The breakeven point in units is approximately 217 units.
A. The revenue function represents the total revenue generated by selling a certain number of units. In this case, the revenue function can be expressed as:
Revenue = Selling price per unit * Number of units
Since the selling price per unit is $13.50, the revenue function can be written as:
Sales = $13.50 * Number of units
b. The cost function represents the total cost incurred to produce a certain number of units. In this case, the cost function consists of both variable costs and fixed costs. The cost function can be expressed as:
Price = (variable price per unit * number of units) + fixed price
Since the variable cost per unit is $7.85 and the fixed cost per period is $1,220, the cost function can be written as:
Price = ($7.85 * Number of Units) + $1,220
C. To calculate the break-even point, we need to find the number of units where revenue equals cost. In other words, it is the point where there is no profit or loss. Mathematically, the break-even point can be calculated by setting revenue equal to cost and solving for the number of units:
$13.50 * Number of Units = ($7.85 * Number of Units) + $1,220
Rearranging the equation gives:
$13.50 * Number of Units - $7.85 * Number of Units = $1,220
Combining similar terms we have:
$5.65 * Number of units = $1,220
Dividing both sides of the equation by $5.65, we find:
Number of units = $1,220 / $5.65
Number of units ≈ 216.81 (rounded to nearest whole number)
At this point, the revenue from the sale of 217 units will equal the total cost incurred, resulting in neither a profit nor a loss. This break-even analysis helps Priest and Sons determine the minimum number of units they need to sell to cover their costs and break even.
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he following information is from the materials requisitions and time tickets for job 9 completed by great bay boats. materials requisitions are identified by code numbers starting with the letter m, and the time tickets start with t. estimated (applied) overhead for job 9 is $1,400. date document amount july 1 m-46 $ 1,250 july 1 t-33 600 july 5 m-47 1,000 july 5 t-34 450 july 10 t-35 300 prepare a job cost sheet for job 9, which includes costs for direct materials, direct labor, overhead, and total cost.
Answers
The job cost sheet preparation for Job 9 for Great Bay Boats is as follows:
JOB COST SHEET: Job 9
Direct Materials Direct Labor Overhead
Date Materials Requisition Amount Time-Ticket Amount Amount
Number Number
July 1 M-46 $ 1,250
July 1 T-33 $600
July 5 M-47 1,000
July 5 T-34 450
July 10 T-35 300
July 10 Applied overhead $1,400
Total $2,250 $1,350 $1,400
Total costs = $5,000
What is a job cost sheet?
A job cost sheet is a record of all the costs that involve the production of a job segment or single job.
The job cost accounting system collects costs by job using job cost sheets. The job cost sheet helps to determine how much each job costs to determine the price per unit or job.
Data and Calculations:
Date Document Amount
July 1 M-46 $ 1,250
July 1 T-33 600
July 5 M-47 1,000
July 5 T-34 450
July 10 T-35 300
Therefore, the total costs for Job 9 are $5,000.
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If you think a task is boring, you should avoid it.
Please select the best answer from the choices provided
True
False
Answers
False
Do not give up on a task just because it doesn't interests you
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Answer:
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PLEASE HURRY
1. What are the 3 parts of the Federal Reserve?
2. How many Board of Governors are there?
3. How many District/Reserve Banks are there?
4. Which Reserve Bank President always gets a vote with the FOMC (hint: which city)?
5. How many votes are there in the FOMC, the group that takes action on the nation's money supply?
6. What is the long term goal of the Federal Reserve (hint: discussed at the research department)
7. How do banks get money so that it can be lended out to businesses and consumers?
Answers
The Federal Reserve Banks
The Federal Open Market Committee
2. 7
3. 12
4. New York
5. 12
6. Maximum employment
Stable prices
Moderate long-term interest rates
7. Taking out loans from depositors and paying them back with a set interest rate