In a declining industry, a company may utilize a harvest strategy and: a.significantly increase its investment in a business.b.extract maximum profits from its investments.c.venture into new market segments with new products.d.expand the number of stores or outlets for its products.e.significantly increase its advertising expenditure.
Answers
Answer:
b.extract maximum profits from its investments.
Explanation:
A harvest strategy is when companies reduce the investment they have in a product that is in the end of its life cycle to be able to get the highest profits possible so the investors can get their money. According to this, the answer is that in a declining industry, a company may utilize a harvest strategy and extract maximum profits from its investments.
The other options are not right because in a harvest strategy companies decrease thir investment, they don't go to a new market and as they are trying to get the maximum profit possible, they are not interested in increasing the advertising expenditure.
Related Questions
Which 3 types of customer statements can QuickBooks Online generate?
Answers
Answer:
There are three types of customer statements in QuickBooks Online.
- Balance Forward: A list of invoices and payments with balance for date range selected.
- Open Item: A list of open, unpaid invoices from the last 365 days.
- Transaction Statement: A list of transactions between the selected dates.
I hope this help you! If it help you please mark me brainlest! Thank you! Have a great day! :)
Supporting your post with the course text and two outside resources, create a new thread with your name in the subject and provide thoughtful and original discussion on the following Research Questions (RQs).
RQ1 - While evaluating the long-term vision and objectives of an entrepreneurial startup, how are the following three strategic business decisions related to each other?
Strategic Growth
Legal Entities
Exit Strategy
Answers
The vision and goals of an entrepreneurial startup relate to strategic growth decisions, legal entities and strategic output in the sense that these three decisions are significant to the success of the business.
How do these three strategic decisions impact a business?When starting a business, companies need to take several factors into consideration, such as the structure of the business, how the legal entity is most aligned with the company and its operations, to obtain credit, attract investment, etc.
After a structure aligned with the needs of the business, strategic planning must be considered that allows the company to grow and be competitive, such as a marketing plan aligned with organizational objectives and goals.
The exit strategy is a factor that, despite not being analyzed much, must be considered, since every company is subject to negative risks that can compromise the security of the investment, with the strategic exit being a variable that can increase reliability at startup. of business.
Therefore, when starting a new business, the factors that imply the positioning and value of the business in the market must be considered, since a company is a set of systems that work in an integrated way.
Find out more about entrepreneurship here:
https://brainly.com/question/353543
#SPJ1
The Berne Conventions provides for international protection of copyrights.
True
False
Answers
Dean brings up the ambiguity branch managers at First National Bank face. He believes senior leadership needs to make it clear what managers’ most importanDean brings up the ambiguity branch managers at First National Bank face. He believes senior leadership needs to make it clear what managers’ most important priorities are. This thinking most closely resembles which of the following four-frame model principles?
.
Social architecture
b.
DEVELOP AGENDA AND POWER BASE
c.
INSPIRATION
d.
ALIGN ORGANIZATIONAL AND HUMAN NEEDS
e.
TECHNOLOGY
Answers
Dean's thinking, in bringing up the ambiguity facing branch managers at First National Bank, most closely resembles option d. ALIGN ORGANIZATIONAL ...
Ordinarily, the four-frame model mandates that the senior leadership of First National Bank must ensure that their branch managers' behavior and actions do not sabotage management strategic plans and business models.
This feature of the Human Resources framework ensures that organizational goals are aligned with human needs for the achievement of company objectives.Branch managers perform important customer-facing roles that drive corporate performance. They are also in direct contact with many employees.
Thus, the alignment of organizational and human needs will help clear the ambiguity faced by the managers at First National Bank branches.
Learn more about the four-frame model at https://brainly.com/question/14697926 and brainly.com/question/14470950
Cartwright Brothers preferred stock has an annual dividend of $3.50 per share if the required rate of return on the preferred stock is 12% how much would you be willing to pay for one share of the preferred stock
Answers
Answer:
$29.17
Explanation:
Calculation for how much would you be willing to pay for one share of the preferred stock
Using this formula
Amount willing to pay=Preferred stock annual dividend/Required rate of return on preferred stock
Let plug in the formula
Amount willing to pay=$3.50 per share/0.12
Amount willing to pay=$29.166
Amount willing to pay=$29.17 (Approximately)
Therefore how much would you be willing to pay for one share of the preferred stock is $29.17
The GAP is a global clothing retailer for men, women, children, and babies. The following information is taken from The Gap's fiscal 2015 annual report. Selected Balance Sheet Data ($ millions) 2015 2014 Inventories $1,873 $1,889 Accounts Payable 1,112 1,173 a. The Gap purchased inventories totaling $10,061 million during fiscal 2015. Use the financial statement effects template to record cost of goods sold for The Gap's fiscal year ended 2015. (Assume accounts payable is used only for recording purchases of inventories and all inventories are purchasd on credit.) b. What amount did the company pay to suppliers during the year? Record this with the financial statement effects template. Use negative signs with answers, if appropriate.
Answers
Answer:
a. The Gap purchased inventories totaling $10,061 million during fiscal 2015.
$10,077 millionb. What amount did the company pay to suppliers during the year?
$10,122 millionAssets = Liabiltiies + Equity
a. 0 0 -$10,077
b. -$10,122 -$10,122
Revenue - Expenses = Net income
a. 0 $10,077 -$10,077
b. 0 0 0
Explanation:
2015 2014
Inventories $1,873 $1,889
Accounts Payable $1,112 $1,173
COGS for 2015 = beginning inventory + 2015 purchases - ending inventory = $1,889 + $10,061 - $1,873 = $10,077
Amount paid to suppliers = beginning inventory + 2015 purchases - ending inventory = $1,173 + $10,061 - $1,112 = $10,122
the legal affairs attorney working at AMD would most likely occupy an
Answers
The legal affairs attorney working at AMD would most likely occupy an in-house counsel position.
What is inhouse counselAn in-house counsel is a lawyer who is employed by a company or organization to provide legal advice and representation on a range of legal issues related to the company's operations, contracts, intellectual property, compliance, and litigation.
The role of an in-house counsel is to ensure that the company's actions and policies comply with relevant laws and regulations and to represent the company in legal proceedings when necessary. The in-house counsel works closely with the company's executives and employees to provide legal guidance and to identify and mitigate potential legal risks.
Read more on legal affairs here:https://brainly.com/question/1922718
#SPJ1
(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
Answers
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
For more such questions on economic
https://brainly.com/question/17996535
#SPJ8
Your plan calls for using apprentice plumbers in place of fully licensed plumbers for some jobs. If the apprentice plumbers are 60% as productive as licensed plumbers and licensed plumbers cost $60 per hour, what is the most you should pay for apprentice plumbers?
Answers
Answer:
36
Explanation:
If demand in units is 18,000, relevant ordering cost for each year is GHS 150 and an order quantity is 1,500 then the annual relevant ordering cost would be
Answers
We must first identify the total number of orders placed each year in order to compute the yearly relevant ordering cost. The cost of relevant ordering would be GHS 1,800 per year.
What does ordering cost in this case?Ordering costs are the fees your company pays to order and receive the products it keeps on hand.These ordering costs may also include shipping fees, unanticipated transportation costs, inspection fees, and other expenses related to purchasing inventory products.
To calculate the annual relevant ordering cost, we need to determine the number of orders placed in a year. We can do this by dividing the demand (18,000 units) by the order quantity (1,500 units/order):
Demand divided by Order Quantity is Demand / Order Quantity = 18,000/1,500 = 12 Orders
Now we can calculate the annual relevant ordering cost by multiplying the number of orders by the ordering cost per order:
Annual relevant ordering cost = Number of orders x Ordering cost per order
= 12 x GHS 150
= GHS 1,800
To know more about relevant visit:-
https://brainly.com/question/29526246
#SPJ1
Experience is one way an aptitude can be learned ?
True or false ?
Answers
Answer:
True
Explanation:
Because it's written in book
Malcolm Phillips is a sole trader who prepares his accounts annually to 30 April. His summarised balance sheets for the last two years are shown below.
Balance Sheets as at 31 April
20X8 20X9
££ £££ £
Fixed assets 15,500 18,500
Less Provision for depreciation ( 1,500) ( 1,700)
14,000 16,800
Current assets
Stocks 3,100 5,900
Trade debtors 3,900 3,400
Bank 1,500 –
8,500 9,300
Current liabilities
Trade creditors 2,000 2,200
Bank overdraft – 900
(2,000) (3,100)
6,500 6,200
20,500 23,000
Represented by
Capital account:
Balance at 1 May 20,000 20,500
Add Net profit for the year 7,000 8,500
Additional capital introduced – 2,000
27,000 31,000
Less Drawings ( 6,500) ( 8,000)
20,500 23,000
Malcolm is surprised to see that he now has an overdraft, in spite of making a profit and bringing
in additional capital during the year.
Questions:
(a) Draw up a suitable financial statement which will explain to Malcolm how his overdraft has
arisen.
(b) The following further information relates to the year ended 30 April 20X9.
£
Sales (all on credit) 30,000
Cost of sales 22,500
Calculate Malcolm’s
(i) gross profit margin
(ii) rate of stock turnover
Answers
a. Malcolm's gross profit margin is 25%.
b. Malcolm's rate of stock turnover is 5 times.
To calculate Malcolm's gross profit margin and rate of stock turnover:
(i) Gross Profit Margin:
Gross Profit = Sales - Cost of Sales
Gross Profit = £30,000 - £22,500 = £7,500
Gross Profit Margin = (Gross Profit / Sales) * 100
Gross Profit Margin = (£7,500 / £30,000) * 100 = 25%
Malcolm's gross profit margin is 25%.
(ii) Rate of Stock Turnover:
Stock Turnover = Cost of Sales / Average Stock
Average Stock = (Opening Stock + Closing Stock) / 2
Average Stock = (£3,100 + £5,900) / 2 = £4,500
Stock Turnover = £22,500 / £4,500 = 5 times
Malcolm's rate of stock turnover is 5 times.
For such more question on margin:
https://brainly.com/question/9797559
#SPJ8
The following is the sales budget for Lemonis, Incorporated, for the first quarter of 2022:
January February March
Sales budget $ 136,000 $ 153,000 $ 168,000
Credit sales are collected as follows:
55 percent in the month of the sale.
25 percent in the month after the sale.
20 percent in the second month after the sale.
The accounts receivable balance at the end of the previous quarter was $123,700 ($89,100 of which was uncollected December sales).
Compute the sales for November.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Compute the sales for December.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Compute the cash collections from sales for each month from January through March.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.
Answers
a. Sales for November = $169,500
b. Sales for December = $198,000
c. Total cash collections are as follows:
January = $97,075
February = $118,150
March = $130,650
Accounts receivable performs the function of cash collection. It involves getting money back from a company or person to whom we have sent an invoice.
a. Compute the sales for November.
Sales for November = (Accounts receivable balance at the end of the previous quarter - Uncollected sales from December) / Collection rate two months after the sale = ($123,000 - $89,100) / 20% = $169,500
b. Compute the sales for December.
Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $89,100 / (25% + 20%) = $198,000
The calculation for cash collections is:
January = 25%× $89,100 + 55% × $ 136,000
= $97,075
February = 25% ×$ 136,000 + 55% ×$153,000
= $118,150
March = 25% × $153,000 + 55%× 168,000
= $130,650.
To learn more on cash collection, here:
https://brainly.com/question/23903893
#SPJ1
11. A manufacturing company purchased equipment on June 30, 2017, at a cost of $800,000.
The residual value of the equipment was estimated to be $50,000 at the end of a five-year
life. The equipment was sold on March 31, 2021, for $170,000. Prepare the journal entry
to record the sale
a. If the company uses the straight-line depreciation method
b. If the company uses doble declining balance method
c. If the company uses sum of the years digit method
Answers
The journal entries to record the sale of the equipment on March 31, 2021, by the manufacturing company, are as follows:
a. If the company uses the straight-line depreciation method
Journal Entries:Debit Sale of Equipment $800,000
Credit Equipment $800,000
Debit Accumulated Depreciation $562,500
Credit Sale of Equipment $562,500
Debit Cash $170,000
Credit Sale of Equipment $170,000
Debit Loss $67,500
Credit Sale of Equipment $67,500
b. If the company uses the double declining balance method
Journal Entries:Debit Sale of Equipment $800,000
Credit Equipment $800,000
Debit Accumulated Depreciation $679,040
Credit Sale of Equipment $679,040
Debit Cash $170,000
Credit Sale of Equipment $170,000
Debit Sale of Equipment $49,040
Credit Gain from Sale of Equipment $49,040
c. If the company uses the sum of the years' digit method
Journal Entries:Debit Sale of Equipment $800,000
Credit Equipment $800,000
Debit Accumulated Depreciation $600,000
Credit Sale of Equipment $600,000
Debit Cash $170,000
Credit Sale of Equipment $170,000
Debit Loss from Sale of Equipment $30,000
Credit Sale of Equipment $30,000
The importance of journal entries?Journal entries recognize business transactions and identify the accounts affected.
They also signal whether an account will be debited or credited.
a. If the company uses the straight-line depreciation method
Cost of Equipment = $800,000
Residual value = $50,000
Depreciable amount = $750,000
Depreciation period = 5 years
Annual depreciation = $150,000 ($750,000/5)
Accumulated Depreciation till March 31, 2021, = $562,500 ($150,000 x 3.75)
Transaction Analysis:Sale of Equipment $800,000 Equipment $800,000
Accumulated Depreciation $562,500 Sale of Equipment $562,500
Cash $170,000 Sale of Equipment $170,000
Loss $67,500 Sale of Equipment $67,500
b. If the company uses the double declining balance method
Accumulated Depreciation till March 31, 2021:
First-year =$320,000 ($800,000 x 40%)
Second year = $192,000 ($800,000 - $320,000 x 40%)
The third year = $115,200 ($800,000 - $512,000 x 40%)
Fourth year = $51,840 ($800,000 - $627,200 x 40% x 9/12)
Total accumulated depreciation = $679,040
Transaction Analysis:Sale of Equipment $800,000 Equipment $800,000
Accumulated Depreciation $679,040 Sale of Equipment $679,040
Cash $170,000 Sale of Equipment $170,000
Sale of Equipment $49,040 Gain from Sale of Equipment $49,040
c. If the company uses the sum of the years' digit method
Accumulated Depreciation:1st Year = $250,000 ($750,000 x 5/15)
2nd Year = $200,000 ($750,000 x 4/15)
3rd Year = $150,000 ($750,000 x 3/15)
4th Year = $75,000 ($750,000 x 2/15 x 9/12)
Total accumulated depreciation = $600,000
Transaction Analysis:Sale of Equipment $800,000 Equipment $800,000
Accumulated Depreciation $600,000 Sale of Equipment $600,000
Cash $170,000 Sale of Equipment $170,000
Loss $30,000 Sale of Equipment $30,000
Learn more about journal entries for the sale of equipment at https://brainly.com/question/25228356
#SPJ1
Explain how utility could be used in a decision where performance is not measured by monetary value
Answers
Utility can be applied in decision-making situations where performance is not solely measured by monetary value.
Utility is a concept that can be used in decision-making scenarios where performance or outcomes are not solely measured by monetary value.
Utility refers to the satisfaction, well-being, or value that an individual derives from a particular outcome or alternative. It provides a framework for decision-makers to consider non-monetary factors and subjective preferences.
In situations where performance is not easily quantifiable in monetary terms, utility can be used to assign subjective values or preferences to different outcomes. Decision-makers can assess the potential utility or satisfaction associated with each alternative and choose the option that maximizes overall utility.
For example, let's consider a decision regarding the selection of a vacation destination. The performance in this case is not directly measured by monetary value, but rather by the level of enjoyment and personal preferences.
Utility theory can be applied by evaluating the potential utility associated with each destination based on factors such as climate, cultural experiences, outdoor activities, and personal interests. Decision-makers can assign subjective values or rankings to these factors and consider their individual utility weights.
By considering utility, decision-makers can make choices that align with their personal preferences and maximize their overall satisfaction or well-being. They may prioritize destinations that offer experiences they value the most, even if it comes at a higher cost or involves trade-offs with other factors.
For more such question on Utility. visit :
https://brainly.com/question/9973074
#SPJ8
Match each retail term with the correct definition
Answers
Answer:
what retall terms
Explanation:
Manuel works for a very large company that sells stocks to shareholders. This is an advantage for which type of business structure? Choose the answer.
Partnership
Limited Liability Company
Sole Proprietorship
Corporation
Answers
Answer:
Corporation
Explanation:
A corporation is a business ownership structure where the business is considered a legal entity separate from the owners. A corporation is subdivided into small units known as shares. Owning a share implies owning part of the corporation. Shareholders own the shares and the corporation.
The shares of a public corporation can be acquired by purchasing them at the security exchange market. Anyone can purchase shares and become a shareholder.
In a period of rising prices, the inventory reported in Short Company’s balance sheet is close to the current cost of inventory, whereas King company’s inventory is considered below its current cost. Identify the inventory cost flow method used by each company.
Short
King
Answers
The inventory costing methods used by Short Company and King Company are (FIFO) and (LIFO), respectively.The most recent purchases are kept in stock under FIFO.As a result, the balance sheet's inventory ought to be close to its current costs.
Which methods of inventory cost flow are there?Four commonly acknowledged methods specific cost, average cost, first-in, first-out (FIFO), and last-in, first-out are available for allocating expenses to ending inventory or cost of goods sold (LIFO).
Which four inventory cost methodologies are there?The following are some examples of the four inventory valuation methodologies and types for inventory valuation:The HIFO method is used to value inventory.Inventory costing approach using FIFO.technique of the weighted average cost.
to know more about current costs visit:
https://brainly.com/question/13078307
#SPJ1
why do we feel love?
Answers
Answer:
We feel love because a relationship is what makes a human happiest. Its proven scienctficly. I can't spell :p
Explanation:
To what extent is there anything positive to be said for bureaucratic structures? Select a large-scale organization of your choice and suggest ways in which it displays characteristics of a bureaucracy
Answers
Answer:
Even though the bureaucratic structure has received a lot of criticism, it has some advantages. Accountability, predictability, structure and job security are just a few to mention. Furthermore, a bureaucratic culture is based on impersonal relationships, discouraging favoritism
What will be the inventory Cost that was valued at 286000 valued at
.And obsolete cost is 8400
Answers
Explain the meaning of environmental scanning. Illustrate with examples the
relevance of technological, political, economic, social, and regulatory environments
in the context of marketing strategy. How managers are involved in environmental
scanning?
Answers
Environmental scanning refers to the process of gathering and analyzing information about the external factors that can impact an organization's business environment.
Technological factors include advancements in technology, such as the rise of e-commerce, mobile applications, or automation, which can create new marketing channels or change consumer behaviors.
Political factors encompass government policies, regulations, and political stability that can impact marketing strategies. For example, changes in trade policies or regulations related to data privacy can influence international marketing activities.
Economic factors include economic conditions, such as inflation rates, exchange rates, or consumer purchasing power, which can affect consumer behavior and demand for products or services.
Social factors refer to societal trends, cultural norms, and consumer preferences that can influence marketing strategies. For instance, shifts in consumer values towards sustainability or increased focus on health and wellness can shape product development and advertising campaigns.
Regulatory factors involve laws and regulations that organizations must comply with, such as consumer protection laws or industry-specific regulations. These can impact marketing activities, advertising content, or product labeling.
Managers play a crucial role in environmental scanning. They are responsible for monitoring and analyzing the external environment, identifying relevant trends and potential opportunities, and making informed decisions based on the insights gained.
For more such question on gathering visit:
https://brainly.com/question/30615397
#SPJ8
I'm asking again because I legit need help on this. Best answer gets brainliest.
One of the biggest differences between a public sector business and a private sector business is the use of tax dollars. Public sectors businesses entirely run off of tax money, while private sector business depend on making money through selling goods or services.
1. What do you see as some of the POSITIVE aspects of depending on tax money to run a business?
2. What do you see as some of the NEGATIVE aspects of depending on tax money to run a business.
Answers
Answer:
1. the positively here is you are sure of the money need to run the business even without one doing much as long as taxes are paid and these business sectors under this category are non profit organization but for the betterment of the people
Explanation:
2. no profit is made so no gain, no specifiation on the goods to fit the requirements of the masses and mass production is mostly low quality.
a. Herb and Alice are married and file a joint return. Herb is 74 years old and Alice is 70. Neither are blind.
b. Both Herb and Alice are retired. Herb works part time as a greeter.
c. Herb earned $15,000 in wages. They also received Social Security benefits of $28,000. They received no other income in 2021.
c. Both Herb and Alice are U.S. citizens, lived in the United States all year, and have valid Social Security numbers. They do not have any qualifying children, and no one else lives with them.
Required:
What is Herb and Alice's standard deduction?
Answers
Based on their various qualities, we can calculate the standard deduction of Herb and Alice to be $27,800.
Standard deduction of Alice and Bob Couples filling jointly get deduction of $25,100.If taxpayer is above 65 years, they get $1,350 deduction.Their standard deduction is therefore:
= 25,100 + ( 1,350 x 2)
= $27,800
In conclusion, their standard deduction is $27,800.
Find out more on standard deduction at https://brainly.com/question/13757943.
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
https://brainly.com/question/13444663
#SPJ1
Question 6
(6 Marks)
Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs
have been recorded for the past six months.
Plack Company is a manufacturing company that makes and sells a single product. The following
information relates to the company's manufacturing operations in the next financial year.
->
Opening and closing stock:
Production:-
Sales:
Fixed production overheads:
Fixed sales overheads:
Nil
18,000 units-unit manufactured 3000
15,000 units Units sold,
Closing
Inver
R72,000
Using absorption costing, the company has calculated that the budgeted profit for the year will be
R43,000.
>
Marginal Absorption
Required:
What would be the budgeted profit if marginal costing is used, instead of absorption costing?
Answers
The budgeted profit using marginal costing would be -R12,000.
How to calculate the costUsing the information provided:
Opening stock = 0
Production = 18,000 units
Closing stock = 0
Fixed production overheads = R72,000
Total variable manufacturing costs = 0 + 18,000 - 0 - R72,000 = -54,000 (negative value due to fixed production overheads)
Total variable production cost per unit = -54,000 / 18,000 = -3 (negative value due to fixed production overheads)
Budgeted profit using marginal costing = (Sales - Total variable production cost per unit * Units sold) - Fixed sales overheads
Given:
Sales = 15,000 units
Fixed sales overheads = R72,000
Total variable production cost per unit = -3
Budgeted profit using marginal costing = (15,000 - (-3) * 15,000) - 72,000
= (15,000 + 45,000) - 72,000
= 60,000 - 72,000
= -12,000
Therefore, the budgeted profit using marginal costing would be -R12,000.
Learn more about marginal costing on
https://brainly.com/question/30165613
#SPJ1
Suppose that a firm’s production function is q = 10L1/2K1/2. The cost of a unit of labor is $20 and the cost of a unit of capital is $80.
The firm is currently producing 100 units of output and has determined that the cost-minimizing quantities of labor and capital are 20 and 5, respectively. Graphically illustrate this using isoquants and isocost lines.
Answers
The graph using isoquants and isocost lines to show that the cost-minimizing quantities of labor and capital are 20 and 5, respectively is attached.
To graphically illustrate the cost-minimizing quantities of labor and capital for a firm whose production function is q = 10L1/2K1/2, isoquants and isocost lines must be used. An isoquant is a curve that shows all combinations of inputs, such as labor and capital, that produce the same level of output. An isocost line is a curve that shows all combinations of inputs that can be purchased for the same cost.
The slope of the isoquant represents the marginal rate of technical substitution (MRTS) between labor and capital. The slope of the isocost line represents the ratio of the cost of labor to the cost of capital. The cost-minimizing point is where the MRTS equals the ratio of the cost of labor to the cost of capital.
Given the information provided in the question, the firm is currently producing 100 units of output and the cost of a unit of labor is $20 and the cost of a unit of capital is $80, the cost-minimizing quantities of labor and capital are 20 and 5, respectively.
The cost-minimizing quantities of labor and capital are represented by the point A, where the isoquant and isocost lines intersect. This point corresponds to 20 units of labor and 5 units of capital, as indicated by the firm. At this point, the firm is able to produce 100 units of output at the lowest possible cost.
To summarize, cost-minimizing quantities of labor and capital for a firm can be graphically illustrated using isoquants and isocost lines. The optimal point will be the intersection of the isoquant and the isocost line.
Learn more about Cost-minimizing quantities:
https://brainly.com/question/13735915
#SPJ11
Alexander Rees is concerned about appearing knowledgeable in exporting. What are
some of the factors he mentions in the project letter?
A-Finding good coffee
B-Developing a reliable source for twizzle sticks
C-Travel costs
D-Cultural Differences and exchange rates
Answers
Alexander Rees is concerned about appearing knowledgeable in exporting. The some of the factors he mentions in the project letter are
Travel costs
Cultural Differences and exchange rates
Thus option (C) and (D) are correct.
What is a cost?The cost is the expenditure or spending required or incurred to create and sell products and services, or to acquire assets.
When a product is sold or consumed, a cost is charged to expense. In the case of a buying of an asset, the charge to expense could be significantly deferred. The cost concept underlies the transition of assets from the balance sheet to expenses in the income statement.
Alexander Rees is concerned about appearing knowledgeable in exporting. Travel costs and Cultural Differences and exchange are some of the factors he mentions in the project letter.
Learn more about the cost here:
https://brainly.com/question/20534030
#SPJ1
Income can be earned through:
- A permanent job
- A seasonal job
- All of the above
Answers
all of the above
mark me brainliesttt :))
________ is an underlying assumption of cost-volume-profit analysis. A : All units produced are either sold or in ending inventory B : The behavior of both costs and revenues is curvilinear throughout the entire range of the activity index C : All costs can be classified as either variable or fixed with reasonable accuracy D : Changes in activity and other factors affect costs
Answers
Answer:
C : All costs can be classified as either variable or fixed with reasonable accuracy
Explanation:
Cost volume profit analysis (CVP) makes the following assumptions when it is used to determine how any change in costs can affect income:
costs can be classified as fixed or variable, and they are constantrevenues are linear with a given rangeall units produced are soldcosts will only change if output changes