5. Price changes affect supply and demand and supply and demand can affect price. O True False

Cost-benefit analysis attempts to A. compare the real worth, rather than the market values, of various goods and services. B. co

statuscvo [17]

Answer:

Letter D is correct. Compare the benefits and costs associated with any economic project or activity.

Explanation:

A cost-benefit analysis is a business approach used to ascertain the main strengths and weaknesses of an organization as a whole. This includes the process of all organizational activities, transactions, and other substantial requirements for the company. The purpose of this approach is to compare the benefits and costs associated with the organization's activities and find ways to reduce costs, time and maximize earnings.

8 0

3 years ago

The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $351,000 $

Katena32 [7]

Answer:

Robstown Corporation

Statement of Cost of Goods Manufactured

For the Year Ended December 31, 20Y8

Work in process inventory, January 1, 20Y8 $625,200

Direct materials:

Materials inventory, January 1, 20Y8 $351,000

Purchases $658,200

Cost of materials available for use $1,009,200

Materials inventory, Dec 31, 20Y8 ($435,800)

Cost of direct materials used in $573,400 $573,400

production

Direct labor $669,000

Factory overhead

Depreciation expense-factory $55,880

equipment

Heat, light, and power-factory $22,060

Indirect labor $76,000

Miscellaneous costs-factory $9,200

Property taxes-factory $18,300

Rent expense-factory $32,500

Supplies-factory $16,000

Total factory overhead $229,940

Total manufacturing costs $1,472,340

incurred in 20Y8

Total manufacturing costs $2,097,540

Work in process inventory, December 31, 20Y8 ($590,400)

Cost of goods manufactured $1,507,140

Robstown Corporation

Income Statement

For the Year Ended December 31, 20Y8

Sales $3,011,000

Cost of goods sold:

Finished goods inventory, Jan 1, 20Y8 $607,400

Cost of goods manufactured $1,507,140

Cost of finished goods available for sale $2,114,540

Finished goods inventory, Dec. 31, 20Y8 ($571,000)

Cost of Goods Sold $1,543,540

Gross Profits $1,467,460

Operating expenses:

Administrative expenses:

Depreciation expense-office equipment $43,560

Office salaries expense $183,300

Property taxes-office building $31,200 $258,060

Selling expenses:

Sales salaries expense $417,000

Advertising expense $296,600 $713,600

Total operating expenses $971,660

Net income $495,800

5 0

3 years ago

What's the term for a charge that either party has to pay at closing?

11111nata11111 [884]

Closing costs are fees paid at closing by either party who are buying a house.

8 0

3 years ago

Wims, inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of $3,500, and long-term debt of $7,9

lutik1710 [3]

Answer:

a. The value of shareholder's equity account for this firm is $16,600.

b. The net working capital for Wims Inc. is $1,500.

a. We start off by looking at the Accounting Identity:

$Total Assets = Total Liabilities + Shareholders' Equity$

Since

$Total Assets = Current Assets + Net Fixed Assets$

and

$Total Liabilities = Current Liabilities + Long-term debt$

We can rewrite this accounting identity as follows:

$Current Assets + Net Fixed Assets = Current Liabilities + Long-term debt + Shareholders' Equity$ ----- (1)

Plugging in the values from the question in (1) above we get,

$5000 +23000 = 3500 + 7900 + Share holders' equity$

$28000 = 11400 + Share holders' equity$

$28000 - 11400 = Share holders' equity$

$Share holders' equity = $16,600$

b. The formula for Net Working Capital is:

$Net Working Capital = Current Assets - Current Liabilities$

$Net Working Capital = 5000 - 3500$

$Net Working Capital = $1500$

3 0

3 years ago

Jeff is a manager at a paper mill. he has received a grievance from a group of employees who are union members. the grievance cl

Fudgin [204]

The best thing that Jeff will do in this situation is to conduct an examination in terms of the grievant’s personnel records as this is only best and appropriate that Jeff to review the files of his employees in solving the problem.

6 0

4 years ago

5. Price changes affect supply and demand and supply and demand can affect price. O True False​

5. Price changes affect supply and demand and supply and demand can affect price. O True False