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2 years ago

The study of the interaction between individuals and businesses is known as.

Business

1 answer:

Dahasolnce [82]2 years ago

3 0

The study of the interaction between individuals and businesses is known as microeconomics.

<h3>What is microeconomics?</h3>

Microeconomics refers to the study of an individual, households the behavior of the firms or organizations in the process of decision making and resources allocation.

It is the study of the outcome, what will come out when an individual changes his or her choices in the response of change in the price, resources and production method.

Basically, microeconomics examines how a firm can maximize its production by minimizing its price for better competition.

Learn more about the microeconomics here:-

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The primary benefit of a MINIMAX objective function is

sladkih [1.3K]

Answer:

The correct answer is letter "C": it yields a larger variety of solutions than generally available using an LP method.

Explanation:

In Goal Programming (GP), the MINIMAX objective aims to minimize the maximum deviation from any type of objective. This approach carries a larger number of solutions compared to the Linear Programming (LP) method which mainly focuses on assigning more weight to each goal in the objective function.

4 0

3 years ago

A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 58,000

Anni [7]

Answer:

Option (B) is correct.

Explanation:

Given that,

During a period, Department B finished and transferred to Department C = 58,000 units

In Department B during the period units started = 14,000

Brought only to a stage of being 60% completed.

The number of equivalent units produced by Department B during the period was:

= Units finished and transferred from Department B to C + (Units were started in Department B × 60%)

= 58,000 units + (14,000 units × 60%)

= 58,000 units + 8,400 units

= 66,400 units

3 0

3 years ago

Indigo Company sold 10,000 Super-Spreaders on during 2017, at a total price of $885,200, with a warranty guarantee that the prod

guapka [62]

Answer:

Indigo Company

Sales Revenue = $885,200

Cost of goods sold = $350,500

Warranty Expense = $65,100

Unearned warranty revenue = $25,200

Warranty liability = $49,500 ($65,100 - $15,600)

Cash = $544,300 ($885,200 + $25,200 - $350,500 - $15,600)

Explanation:

a) Data and Calculations:

Income Statement for the year ended December 31, 2017 (Partial)

Sales Revenue $885,200

Cost of goods sold 350,500

Gross profit $534,700

Warranty Expense 65,100

Net income $469,600

Balance Sheet as of December 31, 2017 (Partial)

Assets:

Cash $544,300

Liabilities:

Retained earnings $469,600

Unearned warranty revenue 25,200

Warranty liability 49,500

Total liabilities $544,300

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3 years ago

Joan has entered into a contract with the federal government to design a computer simulation model for training helicopter pilot

balu736 [363]

Answer:

The correct answer is letter "A": cost-based pricing strategy.

Explanation:

Cost-based pricing strategy is one of the most basic methods of setting the price of a product consisting only in determining the fixed price of the good or service at first and, after obtaining that amount, adding a percentage according to what the profits are expected. The selling price of the product becomes the sum of the fixed costs and the percentage of the fixed costs expressed un dollar amounts (or the currency that applies).

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3 years ago

On January 1, 2020, TigerKing Corp. issued $930,000 face value, 6%, 5 year bonds. The bond interest is paid on June 30 and Dece

ivann1987 [24]

Answer:

the formulas used to calculate the interest expense:

interest amortization = (bond's market price or carrying value x effective interest) - (bond's face value x coupon rate) = premium on bonds payable (it is negative, so you must debit it)

interest expense = coupon rate + premium on bonds

in this case, the interest expense used to record the first and second coupon payments:

first coupon payment

($1,013,538 x 2%) - ($930,000 x 3%) = $20,271 - $27,900 = -$7,629

interest expense = $27,900 - $7,629 = $20,271

June 30, 2020

Dr Interest expense 20,271

Dr Premium on bonds payable 7,629

Cr Cash 27,900

second coupon payment

($1,005,909 x 2%) - ($930,000 x 3%) = $20,118 - $27,900 = -$7,782

interest expense = $27,900 - $7,782 = $20,118

June 30, 2020

Dr Interest expense 20,118

Dr Premium on bonds payable 7,782

Cr Cash 27,900

6 0

3 years ago