Appendix: Normal and Abnormal Spoilage
Larkin Company produces leather strips for western belts using three processes: cutting, design and coloring, and punching. The weighted average method is used for all three departments. The following information pertains to the Design and Coloring Department for the month of June:
There was no beginning work in process.
There were 400,000 units transferred in from Cutting.
Ending work in process, June 30: 50,000 strips, 80 percent complete with respect to conversion costs.
Units completed and transferred out: 330,000 strips. The following costs were added during the month:
Transferred in $2,000,000
Direct Materials 600,000
Conversion costs 780,000
Direct materials are added at the beginning of the process.
The inspection takes place at the end of the process. All spoilage is considered normal.

Wages Expense is NOT an equity account. It represents the withdrawals made by the owner from the business for personal use.

Equity accounts represent the ownership interest in a company, whereas Wages Expense is an expense account. Equity accounts are related to the owners' investments and withdrawals, as well as the company's revenues and expenses.

Equity accounts are crucial in financial accounting as they represent the ownership interest in a company. They reflect the owners' investments, withdrawals, and the company's revenues and expenses. Equity accounts can be found in the owner's equity section of the balance sheet. Let's examine each option to determine which one is NOT an equity account Unearned Revenue: Unearned Revenue is a liability account, not an equity account. It represents the amount received by a company for goods or services that are yet to be delivered or performed. Owner, Withdrawals: Owner, Withdrawals is an equity account.

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A structure such as the one Rakeesh has where everyone reports directly to the CEO, is called a Flat Organizational Structure.

This is a system within an organization that spells out how people must relate to one another.

It also highlights how certain activities must flow for the objectives and or goals of that business or entity to be achieved.

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The correct answer is option (a) Estimate sales.

The practice of assessing the viability of a new good or service through interviews with prospective customers is known as market research. With the aid of this technique, businesses and organizations may identify their target market, gather and record customer feedback, and arrive at well-informed conclusions.

In a marketing research process, it includes only the steps involving the study of the market and interpreting information based on that.

In the given question, a market research process always includes the steps like gathering factual information, making a preliminary investigation and interpreting the information that was achieved through the market study. But, in a market research process, there is no work of sale estimation. Sales estimation is an end process and marketing research is a beginning process. Sales value may fluctuate and to derive a correct sales estimation, there needs to be a proper marketing research.

Therefore, estimating sales is not a part of a marketing process, hence, option (a) is the correct answer for this question.

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Answer:

food clothes water

Explanation:

their the basic needs of an individual

Answer:

thanks lol

you too-

The cheapest mode of transport would be to travel by bus.

The choice between airplane and the bus would depend on the total income the individual would earn. This is known as opportunity cost.

If the individual travels by plane, it would cost $90. The income the individual would lose would be ($6 x 1) = $6.

If the individual travels by bus, it would cost $30. The income the individual would lose would be ($6 x 5) = $30. Thus, the person would choose to travel by bus.

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The three elements needed to determine the current market price of a bond are:Face value (par value) of the bond, Coupon rate (interest rate) of the bond,Time to maturity (remaining term) of the bond

Using these three elements, the current market price of a bond can be calculated using present value analysis

The face value (or par value) of a bond is the amount of money that the issuer of the bond agrees to pay back to the bondholder at maturity. The face value is typically $1,000 for most bonds.

The coupon rate of a bond is the interest rate that the issuer of the bond agrees to pay to the bondholder, usually on an annual basis. For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then the issuer will pay the bondholder $50 per year in interest.

The time to maturity of a bond is the remaining term until the bond's face value is due to be repaid. For example, if a bond has a 10-year term and has been outstanding for 5 years, then the time to maturity is 5 years.

Using these three elements, the current market price of a bond can be calculated by discounting the future cash flows of the bond back to their present value using a discount rate. The discount rate is typically the current market rate of interest for bonds of similar risk and maturity.

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Answer: Pure monopolist

Explanation:

For perfect competition and monopolistic competition, the firms can't experience long run profit as they can only make profit in the short run. This is because due to the fact that there are several number of firms that are producing identical products, the profit are thereby eliminated in the long run.

A pure monopolist is the only seller of a particular good in the market and therefore they can make long run profit.

Answer:

A company's market share is its sales measured as a percentage of an industry's total revenues. Company market share is the percentage of the total target market for your product that belongs to your company.

it can be calculated by sales income, or the number of sales.

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The best statement is that there is an increase in supply. The Option C.

The shift from $1 to $2 on the graph indicates an increase in supply. When the supply curve shifts from S₁ to S₂, it means that suppliers are willing and able to offer a larger quantity of the product at each price level.

This shift is often caused by factors such as improved production technology, lower production costs or an increase in the number of suppliers in the market. As a result, the market equilibrium price may decrease or remain the same while the quantity supplied increases.

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Answer:

the costs that change depending on a company's performance

Explanation:

Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.

Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.

Answer:

Costs that change depending on companys performance

Explanation:

EDGE 2021 Entreprenuership Test

Based on the given scenario with Amex enhancing the benefits of having a Gold Card, this is an example of invention.

This refers to the creation of new things with the aim of making a process easier that has not been done before.

Hence, we can see that based on the changes made by American Express in their Gold Card for their affluent customers and the increased benefits, this is an example of an invention.

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When you calculate confidence intervals using a z-test for one-sample proportion, you can draw inferences about a past population's growth rate.

Specifically, you can use the confidence interval to estimate the true proportion of the population that falls within a certain range. For example, if the confidence interval is (0.2, 0.4), you can be 95% confident that the true proportion of the population that falls within that range is somewhere between 0.2 and 0.4.

This can be useful in making inferences about past growth rates because you can estimate the proportion of the population that grew, remained stable, or declined within a certain time period.

To calculate the confidence interval for a one-sample proportion using a z-test, you need to know the sample proportion, sample size, and level of confidence.

You can use the formula:CI = p ± z*√(p(1-p)/n)where p is the sample proportion, n is the sample size, z is the z-score for the desired level of confidence, and √(p(1-p)/n) is the standard error of the proportion.

Once you calculate the confidence interval, you can use it to make inferences about the population's growth rate.

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A country becomes developed according to Walt Rostow's when : An economy based on the production of goods and services demanded by the global economy.

Economic development can be defined as increase in the income and standard of living of people in a country. It means enhancing the prosperity and quality of life for all residents within a country.

According to Walt Rostow's, when there is global demand for a country's produce, there is an economic development.

Hence, a country becomes developed according to Walt Rostow's when an economy based on the production of goods and services demanded by the global economy.

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Answer:

D

Explanation:

it has an economy based on the production of goods and services demanded by the global economy

Answer:

jjheeeneemme

Explanation:beenem

The low setting makes the company the most money in sales, with a total revenue of $1980

To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.

For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.

Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980

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When the dog food is sold at $ 34 per bag, the maximum profit of $ 10277.32 can be realized.

Revenue is a measure of how much money a business makes through selling products or services. Finance experts utilize revenue, often known as income, to calculate profitability. Income can be found on numerous financial statements.

Revenue calculation is quite easy for simple business types. However, it is more challenging to estimate income accurately the more complicated the firm.

Profit = Revenue - Cost

P(x) = R(x) -C(x)

P(x) = \(-31.72x^2 + 2,030x - (-126.96x + 26,391)\)

Spread the negative sign out.

= \(-31.72x^2 + 2,030x+126.96x - 26,391\)

Conjoin similar terms

= \(-31.72 x^2 + 2156.96 x - 26391\)

A parabola exists here. It is pointing down. At the vertex, profits are highest ( where the max is)

vertex = \(h=\frac{-b}{2a} \\h=\frac{-(2156.96)}{2(-31.72)} \\h=\frac{-2156.96}{-63.44} \\h=34\)

P(x) at x=34 is evaluated to calculate the profit.

P(34) = \(-31.72 (34)^2 + 2156.96 (34) - 26391\)

= -36668.32+73336.64 - 26391

= 10277.32

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Sodium =27.05

Nitrogen=16.47

Oxygen=56.46

Answer:

$105,000.00

Explanation:

3x 35,000.00= 105,000.00

Progressive taxes operate on the assumption that those with higher income can afford to contribute a higher percentage of their income in taxes.

Taxation can be defined as the involuntary or compulsory fees that are usually levied on individuals or business entities by the government, so as to generate revenues used in funding public institutions and activities.

Generally, there are three (3) types of taxation used by the government and these are;

1. Regressive taxation

2. Proportional taxation.

3. Progressive taxation.

A progressive taxes involves charging or levying individuals that are having higher incomes a higher percentage of their total income in taxes.

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The principle of progressive taxes is based on the assumption that those with higher incomes can afford to contribute a higher percentage of their incomes in taxes.

The principles for a progressive tax system are:

Thus, the progressive tax system operates with the assumption that the higher the income, the higher the tax paid.

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i'm pretty sure it's D. An agency relationship, but let me know if i'm wrong!!

Answer:

Minimum wage is important because it dictates the lowest hourly wage that a worker much be given. If it was removed, corporations may be able to give workers lower than what minimum wage would have been. Corporations also may outright refuse to pay the workers what they want leaving them jobless.

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There is a $2800 gain on the sale if Nike sells the equipment for $33,800.

Salvage value can be described as the estimated value of an asset after depreciation. It can be calculated by subtracting the accumulated depreciation from the initial cost. In this case, Nike owned the equipment that cost $98,300 with accumulated depreciation of $67,200, therefore the salvage value can be calculated as follows;

salvage value = $98,300 - $67,200 = $31,000

Now the amount of gain or loss on the sale can be calculated by subtracting the salvage value from the selling price of the equipment which in this case is $33,800, therefore;

amount of gain or loss = $33,800 - $31,000

amount of gain or loss = $2800

Therefore the amount computed on the sale is a gain of $2800.

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Answer:

Contract manufacturing.

Explanation:

A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.

Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

The turnkey project enables the contractor tp agrees to handle every detail of a project to the foreign client.

A Turnkey project refers to a project designed and constructed in a way to allows sales to potential buyer as a completed product.\

A large numbers of government-owned public housing projects are turnkey projects

So, in turnkey project, the contractor will agrees to handle every detail of a project to the foreign client because it has been sold by the owner.

Therefore, the correct answer is Turnkey project.

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The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)

Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.

The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.

Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.

Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.

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The response to this query is 30. The components of 120 are 1, 2, 3, 4, 5, 6, 8, 10, 12, 15, 20, 24, 30, 40, 60,

and respectively 1, 2, 3, 5, 6, 10, 15, 25, 30, 50, 75, 150. Therefore, the greatest common factor between 120 and 150 is 30.

The least common multiple between 120 and 150 can be found in what way?

When primary elements are multiplied by their corresponding highest power, like in the case of 23 31 52 = 600, the LCM of 120 or 150 could be found. As a result, 600 is indeed the Lowest common factor of 120 & 150 using prime factorization.

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Explanation:

Note, the term integrity often refers to the ability to keeping to one's moral principles, such as honesty. And ethics refers to the principles of right and wrong one might have.

For example, from this case, we observe that

Giving For  such example are, from this case, we observe that is:

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The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

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Answer:

You must deposit "$74,806.25" today.

Explanation:

The given values are:

Periodic payment,

P = $10,300

Rate of interest,

r = \(\frac{4.4 \ percent}{2}\)

 = \(2.2 \ percent\)

Number of periods,

n = \(4\times 2\)

  = \(8\)

Now,

The PV of annuity will be:

=  \(\frac{P\times [1 - (1 + r)^{-n}]}{r}\)

On substituting the given values, we get

=  \(\frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}\)

=  \(\frac{1,645.73}{2.2 \ percent}\)

=  \(74,806.25\) ($)