Answer:
"An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, CPA, and attorney."
Explanation:
An entrepreneurial team usually consists of 2 or more people with a great interest in the success and future of a company. The work of this team is interdependent as they pursue common goals for success for the venture. They are usually interested in the financial and other areas of a company and include the entrepreneur, the CPA, attorney, and the organization's banker.
Answer:
$255,000
Explanation:
Total excluding fixed overhead:
= Direct materials + Direct labor + Variable overhead
= $7 + $3 + ($210,000 ÷ 50,000)
= $7 + $3 + $4.2
= $14.2
Total cost per unit of finished goods = $19.3
Fixed overhead per unit:
= Total cost per unit of finished goods - Total excluding fixed overhead
= $19.3 - $14.2
= $5.1 per unit
Total fixed overhead:
= Units produced × Fixed overhead per unit
= 50,000 × $5.1
= $255,000
Answer:
$135,000
Explanation:
The direct materials used in production for the month of June is computed as;
= Materials inventory at June 1 + Materials purchased during the month of June - Materials inventory at June 30
= $48,000 + $132,000 - $45,000
= $135,000
Therefore, the direct materials used in production for the month of June is $135,000
Try B! I did the same question and got it right!!
Natural monopoly is type of monopoly when only one firm dominates the industry. The reasons for natural monopoly are extremely high fixed costs of distribution. These requirements are exist for example when large-scale infrastructure is required to ensure supply. Examples for natural monopolies are:
railway lines
electric companies
fixed-line telephone companies
All of them in order to give the service have extremely high costs and requirements for infrastructure.