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Hitman42 [59]
2 years ago
12

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is

Business
1 answer:
Lana71 [14]2 years ago
4 0

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

<h3>What is utility?</h3>

Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.

It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.

Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

Learn more about utility here : brainly.com/question/24848038

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Sheffield Corp. started the year with total assets of $220000 and total liabilities of $130000. During the year the business rec
Thepotemich [5.8K]

Answer:

Net Income for the year is $95,000.

Explanation:

The income which is calculated by deducting all the related expense from the revenue even after interest and taxes. Net Income is the amount which is available to distribute amount the stockholders, either preferred or common.

As we know

Net Income = Revenue - Expenses

Revenue = $164,000

Expenses = $69,000

Net Income = $164,000 - $69,000

Net Income = $95,000

6 0
3 years ago
Read 2 more answers
Bob Clarke Corporation has provided the following data from its activity-based costing system: Activities Estimated Overhead Cos
AfilCa [17]

Answer:

Total Unit Cost=  $ 96.65

Explanation:

Bob Clarke Corporation

Activities           Estimated Overhead Cost       Expected Activity

Assembly                     $1,005,040                 68,000 machine-hours

Processing orders       $102,500                       2,000 orders

Inspection                    $139,840                    1,900 inspection-hours

<u><em>First we find the overhead rates using ABC costing method.</em></u>

<u><em></em></u>

Overhead Rates=  Estimated Overhead Cost/ Expected Activity

Assembly Rate=   $1,005,040 /68,000 = $ 14.78 per machine-hours

Processing rate= $102,500 / 2,000= $ 51.25 per orders

Inspection Rate=  $139,840/ 1,900=  $ 73.6 per inspection-hours

<u><em>Then we find the overhead costs applying the ABC Costing rates</em></u>

<u><em></em></u>

Overhead Costs Of 450 Hockey

Assembly= 710 machine-hours, * $ 14.78= $10493.8

Processing=42 orders, *$ 51.25= $ 2152.5

Inspection= 12 inspection-hours*$ 73.6 = $ 883.2

Total Overhead Costs of 450 Hockey = $ 13529.5

Overhead Cost of One Hockey= 13529.5/450= 30.065=  $ 30.07

Then the:

Product Cost

Direct materials cost is $36.42 per hockey stick

Direct labor cost is $30.16 per hockey stick

Overhead Costs is $ 30.07

Total Unit Cost=  $ 96.65

7 0
3 years ago
Trade deficits usually occur when crops are in short supply.<br> O True<br> O False
FromTheMoon [43]
I think the answer is true, but if I’m wrong sorry
5 0
3 years ago
Retirement planning should begin at what age?
bezimeni [28]

Answer:

60

Explanation:

6 0
2 years ago
Why do some firms, industries, and cultures have different CSR thresholds than others
Sergeeva-Olga [200]

Considering the industrial context, the reasons some firms, industries, and cultures have different CSR thresholds than others include <u>differences in stages of </u><u>acceptance</u><u> </u><u>among</u><u> </u><u>firms</u><u>.</u>

Some other reasons some firms, industries, and cultures have different CSR thresholds than others include the following:

  • Level of complexity
  • CSR acceptance level of competition
  • The difference in environments or countries
  • Differences in cultures, etc.

CSR is the Corporate Social Responsibility in which the private firms seek to contribute to the society in which they operate through charity, philanthropic, and volunteering programs, amongst others.

Hence, in this case, it is concluded that there are various reasons why some firms, industries, and cultures have different CSR thresholds than others.

Learn more about CSR thresholds here: brainly.com/question/15318875

4 0
2 years ago
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