1. ______ are costs that do not require a monetary payment
A) Accounting costs
B) Explicit costs
C) All opportunity costs
D) Implicit costs
2. Joe runs a restaurant. He pays his employees $200,000 per year. His ingredients cost him $50,000 per year. Prior to running his restaurant, Joe was a lawyer earning $150,000 per year. What would economists say is Joe’s cost of running the restaurant?
A) $150,000
B) $200,000
C) $250,000
D) $400,000

Answers

Answer 1

1. The cost that does not need a monetary payment is the implicit cost.

2. The cost of running the restaurant is $400,000.

1.

Implicit cost is normally:

The opportunity cost that occurred at the time when the company used the resources i.e. owned for the production without considering any payment regarding the resources.Here monetary payment should not be involved.

Therefore rest of the given costs should involve monetary payments.

2. The cost of running the restaurant is as follows:

= Employee payment + ingredients cost + lawyer earnings

= $200,000 + $50,000 + $150,000

= $400,000

Therefore we can conclude that

1. The cost that does not need a monetary payment is the implicit cost.

2. The cost of running the restaurant is $400,000.

Learn more about the opportunity cost here: brainly.com/question/13036997

1. ______ Are Costs That Do Not Require A Monetary Payment A) Accounting Costs B) Explicit Costs C) All

Related Questions

An educational software company wants to compare the effectiveness of teaching about supply and demand curves between computer animation presentations and textbook presentation. The company tests the economic knowledge of a number of first-year college students, then randomly divides them into two groups. One group uses the animation and the other studies the text. The company retests all the students and compares the increase in economic understanding between the two groups. Is the study described above an experiment? Why or why not?

Answers

Answer:

Yes, this is often an experiment. the corporate assigned students to either the animation or the text, instead of watching post hoc ergo propter hoc data.

Explanation:  

The explanatory variables are the pre-test data and therefore the assignment to a given group. The responding variable is that the post-test data.

Henry, a new human resources coordinator, has been asked to calculate the past month's turnover rate. He has divided the number of people who have left the company during that month (11) by the number of employees hired
(10), and then multiplied that by 100. But the number he
has come up with, 110 percent, is way too high and
doesn't make any sense. What should have Henry done
to avoid his error?


He should have multiplied the cost to
terminate by the cost per hire.

He should have multiplied by 10, not 100.

He should have divided the number of
employees hired by the cost to hire them.

He should have divided the number of people
who have left the company by the average
number of employees that month.

Answers

Answer:

he should have multiplied by 10, not 100

Explanation:

Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 46,000 units per month is as follows:

Per Unit Direct materials $45.60
Direct labor $8.70
Variable manufacturing overhead $1.70
Fixed manufacturing overhead $18.50
Variable selling & administrative expense $3.00
Fixed selling & administrative expense $14.00

The normal selling price of the product is $98.10 per unit.

An order has been received from an overseas customer for 2,600 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $1.80 less per unit on this order than on normal sales.

Direct labor is a variable cost in this company.

Suppose there is not enough idle capacity to produce all of the units for the overseas customer and accepting the special order would require cutting back on production of 1,000 units for regular customers. The minimum acceptable price per unit for the special order is closest to: __________

Answers

Answer:

Ash Corporation

The minimum acceptable price per unit for the special order is closest to:

= $94.93.

Explanation:

a) Data and Calculations:

Normal production capacity per month = 46,000 units

Per Unit

Direct materials                                            $45.60

Direct labor                                                     $8.70

Variable manufacturing overhead                 $1.70

Fixed manufacturing overhead                   $18.50

Variable selling & administrative expense  $3.00

Fixed selling & administrative expense     $14.00

The normal selling price of the product = $98.10 per unit.

Special order = 2,600 units

Relevant costs:

Direct materials                                            $45.60

Direct labor                                                     $8.70

Variable manufacturing overhead                 $1.70  

Variable selling & administrative expense   $1.20

Total relevant costs per unit                      $57.20

Total variable cost for the special order = $148,720 ($57.20 * 2,600)

Loss sales revenue (1,000 * $98.10)              98,100

Total cost for the special order =             $246,820

Minimum acceptable price per unit = $94.93 ($246,820/2,600)

pllzzzzzzzzzzzzzzzzz ​

Answers

Answer:

liability risk

Explanation:

Answer:

liability risk is right opstion

Assume a firm generates $2,500 in sales, has a $800 increase in accounts receivable and has a $500 increase in accounts payable during an accounting period. Based solely on this information, cash flow from operations will increase by:

Answers

Answer:

Cash flow from operations will increase by $2,200.

Explanation:

The amount of increase in cash flow from operations can be calculated as follows:

Increase in cash flow from operations = Sales - Increase in accounts receivable + Increase in accounts payable …………… (1)

Sales = $2,500

Increase in accounts receivable = $800

Increase in accounts payable = $500

Substituting the values into equation (1), we have:

Increase in cash flow from operations = $2,500 - $800 + $500 = $2,200

Therefore, cash flow from operations will increase by $2,200.

You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $250,000. The truck falls into the MACRS three-year class, and it will be sold after three years for $50,000. Use of the truck will require an increase in NWC (spare parts inventory) of $5,000. The truck will have no effect on revenues, but it is expected to save the firm $80,000 per year in before-tax operating costs, mainly labor. The firm's marginal tax rate is 21 percent. What will the operating cash flow for this project be during year 3

Answers

Answer:

Please find the complete solution in the attachment file.

Explanation:

Please find the attachment table for the 3 years of cash flow:

In the short run, open-market purchases a. increase investment and real GDP, and decrease interest rates. b. increase real GDP and interest rates, and decrease investment. c. increase investment and interest rates, and decrease real GDP. d. decrease investment, interest rates, and real GDP.

Answers

Answer: a. increase investment and real GDP, and decrease interest rates.

Explanation:

During an Open Market Purchase, the central bank of the country would be buying back securities from the public which means that it would be infusing money into the economic system.

With an increased amount of money in the economy, people will be able to save more which means that interests rate will drop because there are now more loanable funds. This drop in interest rates will encourage more companies and people to borrow cash for investment which will then lead to a higher GDP.

In the short run, in the open-market purchase, there has been an increase in investment and real GDP and decreased interest rates. Thus option A is correct.

The interest rate has been the amount of interest lent onto the principal sum. The GDP has been the gross domestic product that has been the market value of the final products.

In the open-market purchase, there has been an increase in the amount of money in the market. The government has been buying the securities and results in the market flow of money. The market flow will eventually result in an increase in the GDP with the decreased interest rates.

Thus in the short run, in the open-market purchase, there has been an increase in investment and real GDP and decreased interest rates. Thus option A is correct.

For more information about the open market purchase, refer to the link:

https://brainly.com/question/3437168

At the beginning of the period, the Cutting Department budgeted direct labor of $125,000, direct materials of $151,000 and fixed factory overhead of $11,800 for 8,000 hours of production. The department actually completed 10,600 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round hourly rates to two decimal places. Round interim calculations to two decimal places. Round your final answer to the nearest dollar. a.$381,335 b.$377,606 c.$291,635 d.$287,800

Answers

Answer:

the  appropriate total budget should be $377,500

Explanation:

The computation of the appropriate total budget should be given below:

Direct material ($151,000 ÷ 8,000 × 10,600) $200,075

direct labor ($125,000 ÷ 8,000 × 10,600) $165,625

fixed factory overhead $11,800

Total budget cost 377,500

Hence, the  appropriate total budget should be $377,500

This is the answer but the same is not provided in the given options

A new machine requires an investment of $630,000 and will generate $100,000 in cash inflows for 7 years, at which time the salvage value of the machine will be $130,000. Using a discount rate of 10%, the net present value of the machine is $_________

Answers

Answer:

$-76,447.56

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in Y0 = -630,000

Cash flow in Y1 - Y6 = 100,000

Cash flow in Y7 = 100,000 + 130,000

I = 10%

npv = $-76,447.56

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Answer:

-76,510, (76,510)

Explanation:

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $25,740 in overhead. It currently uses a traditional cost system with overhead applied to the product on the basis of either labor hours or machine hours. Schell has compiled the following information about possible cost drivers and its two product lines:

Schell Company Total Quantity/Amount Consumed by Standard Floor Mat Line Quantity/Amount Consumed by Deluxe Floor Mat Line
1,170 labor hours 740 labor hours 430 labor hours
7,000 machine hours 2,900 machine hours 4,100 machine hours

Required:
a. Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product line.
b. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line.

Answers

Answer:

Schell Company

Overhead assigned:             Standard   Deluxe

a. Based on Labor hours      $16,280    $9,460

b. Based on Machine hours $10,663   $15,076

Explanation:

a) Data and Calculations:

Total overhead = $25,740

                           Total   Standard    Deluxe  Overhead Rate

Labor hours        1,170          740          430           $22 ($25,740/1,170)

Machine hours 7,000      2,900        4,100            $3.677 ($25,740/7,000)

Overhead assigned:             Standard   Deluxe

a. Based on Labor hours      $16,280    $9,460

                                         ($22 * 740)   ($22 * 430)

b. Based on Machine hours $10,663   $15,076

                                ($3.677 * 2,900)   ($3.677 * 4,100)

Samir is a self-employed marketing consultant. He had no income from January through March 2020. His April through December 2020 income subject to SE tax is $55,000.
Samir's SE tax for 2020 is $7,771 [$55,000 x 0.9235 x 0.153 = $7,771]. Samir may reduce his estimated tax payments by how much? Hint: USE Form Schedule SE to help you find the answer.

Answers

Answer:

$3,886

Explanation:

Since SELF EMPLOYMENT TAX is 15.3% of your wages which is why the Internal Revenue Service (IRS) make it possible for you to deduct your employer equal portion of your self employment taxes that the employer pays during the year which is 7.65% Calculated as (15.3%/2) which therefore means that Samir may reduce his ESTIMATED TAX PAYMENTS by $3,886 [$55,000 x 0.9235 x 0.0765 = $3,886] while the remaining 7.65%( 15.3% -7.65%) are not deductible because they correspond to employee taxes.

Therefore he may reduce his ESTIMATED TAX PAYMENTS by $3,886.

Milltown Company specializes in selling used cars. During the month, the dealership sold 32 cars at an average price of $16,000 each. The budget for the month was to sell 30 cars at an average price of $17,000. Compute the dealership's sales price variance for the month.

Answers

Answer:

-$32,000

Explanation:

The sales price variance is a measure used determine the difference between an entity's expected price of a product or service and its actual sales price. It may be favorable or unfavourable to the company and may be calculated as

Sales price variance =  Actual quantity sold * (actual selling price - budgeted selling price)

Hence given that  the dealership sold 32 cars at an average price of $16,000 each while the budget was to sell 30 cars at an average price of $17,000,

Sales price variance = 32 ($16,000 - $17,000)

= -$32,000

The minus indicates unfavourable sales price variance

From the list below, select the items that are classified as a materials activity. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Raw materials used
Raw materials beginning inventory
Raw materials purchases
Work in process beginning inventory
Goods manufactured
Direct labor used
Factor overhead used

Answers

Answer and Explanation:

The classification is as follows:

Under Materials activity  

Opening balance of Raw materials inventory

Purchase of the Raw materials purchases

Under Production activity:

OPening balance of Work-in process inventory

Raw material used

Direct labor used

Factory overhead used

Under Sales activity:

Goods manufactured

In this way it should be categorized

Hence, the same should be relevant

If you had to recommend one product, which product would you recommend they create? Underline or highlight your answer:
● Organic Bloom Shampoo.
● Moisturizing Black Soap Shampoo with Dandruff Control.
● Coconut Protein Shampoo and Conditioner.

Answers

Answer:

the second option

Explanation:

my dandruff is pretty bad

Moisturizing Black soap Shampoo with Black dandruffs Ultimate control is what I would seriously recommend. A lot of people are getting dandruffs and lices more nowadays, so the product would be very fitting for the demand.

Standish Company manufactures consumer products and provided the following information for the month of February:

Units produced 131,000
Standard direct labor hours per unit 0.20
Standard fixed overhead rate (per direct labor hour) $2.50
Budgeted fixed overhead $65,000
Actual fixed overhead costs $68,300
Actual hours worked 26,350

Required:
a. Calculate the fixed overhead spending variance using the formula approach.
b. Calculate the volume variance using the formula approach.

Answers

Answer and Explanation:

The computation is shown below:

a. Fixed overhead Spending Variance is

= Budgeted Fixed Overhead - Actual Fixed overhead

= $65000 - $68300

= - $3300 (unfavorable)

b.

Fixed Overhead Volume Variance is

= (131000 × 0.20 × $2.50) - $65000

=$65500 - $65000

= $500 Favorable

In this way these can be determined

A company is designing a product layout for a new product. It plans to use this production line eight hours a day in order to meet projected demand of 480 units per day. The tasks necessary to produce this product are:

Answers

Answer:

1. The correct option is C. 54.

2. The correct option is E. 60.

3. The correct option is A. 3.

4. The correct option is E. 90%.

5. The correct option is E. y.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

A company is designing a product layout for a new product. It plans to use this production line eight hours a day in order to meet projected demand of 480 units per day. The tasks necessary to produce this product:

Task           Time (sec)            Immediate Predecessor

u                      30                                   none

v                      30                                    u

w                      6                                      u

x                       12                                    w

y                      54                                     x

z                      30                                    v, y

1. Without regard to demand, what is the minimum possible cycle time (in seconds) for this situation?

A. 162

B. 72

C. 54

D. 12

E. 60

2. If the company desires that output rate equal demand, what is the desired cycle time (in seconds)?

A. 162

B. 72

C. 54

D. 12

E. 60

3. If the company desires that output rate equal demand, what is the minimum number of workstations needed?

A. 3

B. 4

C. 5

D. 6

E. 7

4. If the company desires that output rate equal demand, what would be the efficiency of this line with the minimum number of workstations?

A. 100%

B. 92.5%

C. 75%

D. 87.5%

E. 90%

5. If the company desires that output rate equal demand, what is the last task performed at the second workstation in the balance which uses the minimum number of workstations?

A. u

B. v

C. w

D. x

E. y

The explanation of the answers is now provided as follows:

1. Without regard to demand, what is the minimum possible cycle time (in seconds) for this situation?

The minimum cycle time is equal to the maximum task time. From the data in the question, it can be seen that the maximum task time is 54. Therefore, the correct option is C. 54. That is, the minimum possible cycle time (in seconds) for this situation is 54.

2. If the company desires that output rate equal demand, what is the desired cycle time (in seconds)?

Desired cycle time (in seconds) = Demand rate / Number of hours per days = 480 / 8 = 60

Therefore, the correct option is E. 60.

3. If the company desires that output rate equal demand, what is the minimum number of workstations needed?

Total task time = 30 + 30 + 6 + 12 + 54 + 30 = 162

Minimum possible cycle time = 54

Therefore, we have:

Minimum number of workstations needed = Total task time / Minimum possible cycle time = 162 / 54 = 3

Therefore, the correct option is A. 3.

4. If the company desires that output rate equal demand, what would be the efficiency of this line with the minimum number of workstations?

Line efficiency = Total task time / (Minimum number of workstations needed * Desired cycle time) = 162 / (3 * 60) = 162 / 180 = 0.90, or 90%

Therefore, the correct option is E. 90%.

5. If the company desires that output rate equal demand, what is the last task performed at the second workstation in the balance which uses the minimum number of workstations?

The last task should be the one has the longest task time. From the data table in the question, it can be observed that y is the task that has the longest task time. This implies y is the task to perform last.

Therefore, the correct option is E. y.

why multinational company are developed​

Answers

Answer:

Multinationals provide an inflow of capital into the developing country.

Explanation:

This capital investment helps the economy develop and increase its productive capacity.

Multinational corporations (MNCs) have a global presence, even in developing countries. There are over 80,000 companies that drive the 21st-century economy. For example, Coca-Cola sells its product in nearly every country and has established over 900 bottling facilities worldwide. MNCs have propelled the GDP of their parent countries, most notably the United States, Japan, China and Western Europe, but how do their international operations affect developing countries?

It is difficult to say whether multinational corporations in developing countries are decidedly ‘good’ or ‘bad.’ One must consider many perspectives before making that judgment. However, researchers have identified a variety of positive and negative impacts applicable to most MNCs

Midsouth Stitchery wants to improve their productivity. Their process yield is currently 91.56% based on 9816 yards of material. If they are going to improve their productivity to 92.10, how many yards of finished material will they have to produce from the same amount of material input

Answers

Answer:

9,040.54 yards

Explanation:

Input material amount I = 9,816 yards

Productivity P = 92.10%

Let Output Material amount be O

O = I * P

O = 9,816 yards * 0.9210

O = 9040.536

O = 9040.54 yards

So, the unit of yards they will have to produce from the same amount of material input is 9,040.54 yards

Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $1,454,100 323,000 February 1,621,300 361,000 March 1,145,800 234,000 April 1,554,400 350,000 May 1,303,700 281,000 June 1,671,400 380,000 Determine the variable cost per gross-ton mile and the fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per gross-ton mile Total fixed cost $fill in the blank 2

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Transportation Costs Gross-Ton Miles

January $1,454,100 323,000

February 1,621,300 361,000

March 1,145,800 234,000

April 1,554,400 350,000

May 1,303,700 281,000

June 1,671,400 380,000

To calculate the variable and fixed cost under the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (1,671,400 - 1,145,800) / (380,000 - 234,000)

Variable cost per unit= $3.6

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 1,671,400 - (3.6*380,000)

Fixed costs= $303,400

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 1,145,800 - (3.6*234,000)

Fixed costs= $303,400

In ________ organizational cultures, more individuality is shown through the organization’s rules being less strictly applied.

Answers

Answer:

weak

Explanation:

An organizational culture can be defined as the shared norms, beliefs, assumptions and values that exist in an organization.

An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.

In weak organizational cultures, more individuality of an employee working within an organization is shown as a result of the organization’s rules being less strictly applied.

On a related note, the rules guiding an organization are generally strictly being applied in strong organizational culture.

Which of the following combinations is ensured to increase?

Answers

please you can give any option or full question

During a risk brainstorming session a team member identifies a risk. This particular risk does not seem to belong to any of the categories in you Risk Breakdown Structure (RBS). How should you respond

Answers

Answer:

Record it in the risk register, discuss potential responses and make a note to update the RBS.

Explanation:

Risk management is the process by which the management of an organisation identifies, assessed, and controls threats that may affect the company's capital or earnings.

The risks can be as a result of natural disasters, management error, financial uncertainty, or accidents.

In the given instance if a risk is not on any of the categories in you Risk Breakdown Structure (RBS), there is need to record it in the risk register, discuss potential responses and make a note to update the RBS.

solve the equation
(2x-5x)(4y-6x)​

Answers

[tex] \sf \: (2x - 5x)(4y - 6x)[/tex]

Use distributive property.

[tex] \sf \: 2x(4y - 6x) - 5x(4y - 6x) \\ \sf \: = 8xy - 12 {x}^{2} - 20xy + 30 {x}^{2} \\ \sf \: = 8xy - 20xy - 12 {x}^{2} + 30 {x}^{2} \\ = \boxed{ \bf \: - 12xy + 18x ^{2} }[/tex]

The solution for the equation is - 12xy + 18x².

You can further simplify the equation formed as - 6x (2y - 3x).

Hope it helps.

RainbowSalt2222

Answer:

18x²-12xy

Explanation:

(2x-5x)(4y-6x)​

8xy-12x²-20xy+30x²

18x²-12xy

Which of the following types of mortgages would be most advantageous to have on your house if you expected the annual rate of inflation would be higher than most people thought?
a. reverse annuity mortgage
b. interest-only mortgage
c. adjustable-rate mortgage
d. fixed-rate mortgage

Answers

Answer:

d. fixed-rate mortgage

Explanation:

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

On a related note, when the level of inflation is low in a particular country; their current account balance would be high. However, when the level of inflation is high; it results in low growth and as such increases the home country's current account balance, other things being equal (ceteris paribus).

Hence, if you anticipate a higher annual rate of inflation than most people thought, the fixed-rate mortgage would be most advantageous to have on your house because the interest is fixed or constant over the life of the mortgage loan.

A fixed-rate mortgage can be defined as an installment or fully amortizing mortgage loan that has a fixed (constant) interest rate that doesn't change throughout the entire duration of the loan.

This ultimately implies that, an equal amount of money is paid as principal and interest throughout the life of the mortgage loan.

Your company buys a computer system from IBM for $3 million and pays IBM $200,000 to install the computer system. The $3 million is on credit and your company pays $100,000 of interest on the loan in the current year. The acquisition cost of the computer system at the end of the current year will be

Answers

Answer:

$3.2 million

Explanation:

Calculation to determine what The acquisition cost of the computer system at the end of the current year will be

Using this formula

Acquisition cost=Purchase price+ Installation cost

Let plug in the morning

Acquisition cost= $3 million +$200,000

Acquisition cost=$3.2 million

Therefore The acquisition cost of the computer system at the end of the current year will be $3.2 million

You own a portfolio equally invested in a risk-free asset and two stocks (If one of the stocks has a beta of 1 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio

Answers

Answer:

2

Explanation:

Beta measures systemic risk

The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

The market has a beta of one. If a portfolio has the same level of systematic risk that is the same as that of the market, its beta would be equal to 1.  

If the portfolio is less risky than the market, its beta would be less than one  

If the portfolio is more risky than the market, its beta would be greater than one

The beta of a risk free asset is zero

The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio

1 = (1/3 x 1) + (1/3 x 0) + (1/3 x s)

1 =  1/3 + (1/3 x s)

1 - 1/3 = 1/3s

2/3 = 1/3s

s = 2/3 x 3 = 2

vai trò của đạo đức trong doanh nghiệp là gì

Answers

Explanation:

Đạo đức kinh doanh giúp doanh nghiệp duy trì mối quan hệ tốt hơn và hài hòa với xã hội, khách hàng, nhân viên và các ngành hữu quan. ... Đạo đức kinh doanh có một vai trò quan trọng trong việc nâng cao lợi nhuận và năng suất của doanh nghiệp và cải thiện thiện chí của doanh nghiệp trên thị trường.  

đánh dấu tôi là não nhất làm ơn giúp tôi và cảm ơn

Advantages of the corporate form include all of the following except: A. shares can be purchased in small amounts. B. ownership interests are transferrable. C. easy to raise capital. D. legal liability of its owners is unlimited.

Answers

D. Legal liability of its owners is u limited

Statement that does not describes Advantages of the corporate form is D: legal liability of its owners is unlimited.

A corporation serves as a business set up whereby the legal entity is been separated from  from its owners.

Advantages of this setting is that shares can be purchased in small amounts and it allows transfer of ownership interests and it is very easy to raise capital in this setting.

Therefore, option D is correct.

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Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows.

Sales Mix Unit Contribution Margin
Lawnmowers 20% $33
Weed-trimmers 50% $21
Chainsaws 30% $37

Yard Tools has fixed costs of $4,200,000.

Required:
Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.

Answers

Answer:

Lawnmowers’ break-even point in units = 29,787 units

Weed-trimmers’ break-even point in units = 74,468 units

Chainsaws' break-even point in units = 44,681 unit

Explanation:

Given:

                                    Sales Mix              Unit Contribution Margin

Lawnmowers                 20%                                     $33

Weed-trimmers              50%                                     $21

Chainsaws                     30%                                     $37

The number of units of each product that Yard Tools must sell in order to break even under this product mix can be computed using Weighted-Average Contribution Margin Ratio as follows:

Weighted contribution margin = (Sales Mix of Lawnmowers * Unit Contribution Margin of Lawnmowers) + (Sales Mix of Weed-trimmers * Unit Contribution Margin of Weed-trimmers) + (Sales Mix of Chainsaws * Unit Contribution Margin of Chainsaws) = (20% * $33) + (50% * $21) + (30% * $37) = $28.20

Total break-even point in units for the company = Fixed cost / Weighted contribution margin = $4,200,000 / $28.20 = 148,936 units

Therefore, we have:

Lawnmowers’ break-even point in units = Sales Mix of Lawnmowers * Total break-even point in units for the company = 20% * 148,936 = 29,787 units

Weed-trimmers’ break-even point in units = Sales Mix of Weed-trimmers * Total break-even point in units for the company = 50% * 148,936 = 74,468 units

Chainsaw’s break-even point in units = Sales Mix of Chainsaws * Total break-even point in units for the company = 30% * 148,936 = 44,681 units

A company purchases and uses 40000 gallons of materials for which they paid $3 a gallon. The materials price variance was $90000 favorable. What is the standard price per gallon?

Answers

Answer:

the standard price per gallon is $5.25

Explanation:

the computation of the standard price per gallon is given below;

Materials Price Variance = Actual Quantity × (Standard Price - Actual Price)

$90,000 = 40,000 × (Standard Price - $3)

$2.25 = Standard Price - $3

Standard Price = $5.25

Hence, the standard price per gallon is $5.25

The same should be considered

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