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1 year ago

How would define industry? What is the industry of a store that sells fishing poles

Business

1 answer:

swat321 year ago

6 0

Answer:

An industry is a group of companies that are related based on their primary business activities. In modern economies, there are dozens of industry classifications. Industry classifications are typically grouped into larger categories called sectors.

fishhook, spinner, cork, gig, fishing pole, bobber, fizgig, landing net, fishing rod, fishgig, bobfloat, harpoon, lance, fishing line, reel, bob, gaff, spear.

Explanation:

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A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard c

lord [1]

Answer:

C. $78,250 Unfavorable.

Explanation:

We know,

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Given,

Standard quantity = 405,000 units

Standard price = $2.00 unit

Actual Quantity = 403,750 units

Actual price = $2.20 unit

Putting the values into the formula, we can get

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Material cost variance = (405,000 × $2.00) - (403,750 × $2.20)

Material cost variance = $810,000 - $888,250

Material cost variance = -78,250

Material cost variance = 78,250 (Unfavorable)

Therefore, C is the answer.

4 0

3 years ago

An approach to combining risk identification, risk assessment, and risk appetite into a single strategy. is known as risk protec

Bad White [126]

If this is for apex it should be D

8 0

3 years ago

A recent study found that the death rate for people who sleep 6 to 7 hours per night is lower than the death rate for people who

vaieri [72.5K]

Type of employment, indicator for chronic illness, drug, or alcohol use these variables are likely useful to add to the regression to control for important omitted variables.

What is sleep pattern?

The word sleep pattern, commonly referred to as a sleep-wake pattern, refers to a person's schedule for going to bed and getting up as well as their napping habits. The frequency and length of sleep disruptions may also be part of the sleep pattern.

Type of employment, Chronic illness and drug/alcohol use they ought to be included in regression since they disturb sleep patterns.

As a result, option (a) Type of employment. (b) Indicator for chronic illness. (c) Drug or alcohol use is correct.

Learn more about on sleep pattern, here:

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3 0

2 years ago

Dragon Inc. a NJ based construction firm is evaluating whether to replace an aging machine with a new model. For the old machine

Vilka [71]

Answer:

It should replace the old machine. In the current accounting period.

Explanation:

We need to perform a relevant cost analysis:

Keep the machine:

F0 = $0

F1 = $1500 maintenance

F2 = $3,000 maintenance

F3 = $6,000 maintenance

F4 = $12,000 maintenance

F5 =$24,000 maintenance + 250 resale value

replace the machine:

F0 = -12,000 purchase + 4,000 sale of old machine = -800

F1 = $900 maintenance

F2 = $900 maintenance

F3 = $900 maintenance

F4 = $900 maintenance

F5 =$900 maintenance + 1,500 resale value

As revenues are the same for each machine, we ignore them. We will only focus on the cost each machine generate:

We solve for the present worth of each machine with a discount rate of 12%

$\displaystyle PV_{old} = -\frac{1,500}{1.12} - \frac{3,000}{1.12^2} - \frac{6,000}{1.12^3} - \frac{12,000}{1.12^4} - \frac{23,750}{1.12^5}\\\\\displaystyle PV_{old} = -29,104.15$

$\displaystyle PV_{new} = -8,000 - \frac{900}{1.12} - \frac{900}{1.12^2} - \frac{900}{1.12^3} - \frac{900}{1.12^4} + \frac{600}{1.12^5}\\\\\displaystyle PV_{new} = -10,393.16$

As the present worth of the new machine is lower, the best decision for the company is to purchase the new machine and sale the old machine.

Delaying this will incur in higher maintenance cost (1,500 - 900)

and a lower recovery value (4,000 - 2,000)

As there is no cost saving for delaying the purchase, it should be made immediately.

8 0

3 years ago

A company had $5,000,000 in total revenues for its fiscal year. Its expenses for the year were $3,500,000. Its total assets were

mamaluj [8]

Answer:

ROA = 0.12

so correct option is d

Explanation:

Given data:

total revenue = $5,000,000

Expenses = $3,500,000

Total assets = $12,500,000

Rate on assets (ROA) is calculated as

$ROA = \frac{Net\ income}{Total\ assets}$

Net income = total revenue - expenses

Net income = $5,000,000 - 3,500,000

So, $ROA = \frac{1500000}{12500000}$

ROA = 0.12

so correct option is d

4 0

3 years ago

￼How would define industry? What is the industry of a store that sells fishing poles

How would define industry? What is the industry of a store that sells fishing poles