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laila [671]
2 years ago
10

Using the picture of the supply and demand curves below, identify the point which

Business
1 answer:
Doss [256]2 years ago
8 0

Answer:

c is the correct represent the equilibrium price if I am not wrong

Explanation:

<em>sry </em><em>if </em><em>I </em><em>a</em><em>m</em><em> </em><em>wrong</em>

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Dallas Boot Corporation has been asked to submit a bid on supplying 1,000 pairs of military combat boots to the Armed Forces Tra
Kipish [7]

Answer:

Dallas Boot Corporation

Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than:_________

= $20.

Explanation:

a) Data and Calculations:

Pairs of military combat boots on the bid = 1,000

Direct material                                     $8

Direct labor                                            6

Variable overhead                                3

Variable selling cost (commission)      3

Fixed overhead (allocated)                  2

Fixed selling and administrative cost  1

Total cost of production and sales $23

Less commission                                 3

Total cost per boot                         $20

b) The bidding price less sales commission will be a price that is greater than $20 per boot.  The extra amount per boot will cover the profit expected from the transaction.

7 0
2 years ago
Once the root causes of performance gaps have been discovered, it is necessary to: ____________
AleksandrR [38]

Answer:

A

Explanation:

8 0
2 years ago
World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company
slega [8]

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question in the attachment file.

                              Applied to fixed overhead

Overhead fixed by DL hr.         =\frac{50000}{25000}\ \ \ \ \ \ \ \ \ \ \ =2

DL hours standard   =35000 \times \frac{25000}{50000 \times 80\%}  \ \ \ \ \ \ \ \ \ \ \ \ =21875

Application of fixed overhead = 21875 \times 2.0 \ \ \ \ \ \ \ \ \ \ = 43750

                                 Variance in volume

Application of total fixed overhead  = \$43,750

Fixed total estimates Superfast  =\$50,000  

Variance of volume  = \$6,250

5 0
2 years ago
What factors are involved when there is an interaction between a person and an experience?
olganol [36]

Answer:

The correct answer is letter "A": sociocultural factors.

Explanation:

Sociocultural factors represent the behavior of societies in different matters and how they can affect individuals. They are mainly driven by the difference among people in the same community and how they interact. Those factors could be <em>religion, ethnicity, </em>and <em>culture</em> to mention a few.

5 0
2 years ago
Momentous Occasions is a photography business that shoots videos at college parties. The freshman class pays $1,000 in advance o
KatRina [158]

Answer:

a. The Date on which Revenue was earned is April 2.

The Cash was received on March 3 and Revenue was earned on April 2 so no the earnings were not received on the same date the cash was received.

b. The date revenue was earned was February 28.

The Cash was received on the February 28 and the Services were given on the February 28. So yes the earnings occur the same date the cash was received.

Explanation:

a.

To understand this let us create a Journal Entry for the transaction on March 3 first:

Debit: Cash $1,000

Credit: Services Payable $1,000

To record cash earned from the services payable.

At this time Momentu Occasions have earned the Cash but it cannot be recorded as revenue as the services are still a liability which are yet to be given.

Now lets record the Journal Entry from April 2:

Debit: Services Payable $1,000

Credit: Service Revenue $1,000

To record Revenue earned.

Now the Services Payable account will be canceled out and the revenue entry will be generated. Hence we can come to conclusion and drive our answers from it;

b.

For Sophomore Class the Journal entry can be recorded as follows on the February 28:

Debit: Cash $4,100

Credit: Service Revenue $4,100

To record Service given at Cash.

4 0
3 years ago
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