Answer:
d. credit balance of $3000
Explanation:
Unearned Revenue is a liability and hence a Credit Balance Account. Unearned Revenue occurs when a firm receives cash for services not yet performed. As the service is performed, the account will be reduced to the extent of those services performed as shown below :
<u>Unearned Revenue Account</u>
Beginning Balance $6,000
Add Collected in advance during the year (2,000 + 600) $2,600
Less Services Performed ($5,000)
Ending Balance $3,100
<u>Conclusion :</u>
This is closest to d. credit balance of $3000
Answer:
c. personal objectives
Explanation:
Business purchase decision based on personal objectives -
It refers to the practice of establishing the business or any project which is beneficial as being fruitful in personal relation , is referred to as personal objectives .
The method tends to divert to being able to fulfil his or her personal motto .
Hence , from the given scenario of the question ,
The correct answer is c. personal objectives .
Answer:
<u>1) reduce</u>
<u>2) increase</u>
<u>3) a, b</u>
<u>Explanation:</u>
1. This would reduce the demand for steel workers because the steel serves as the company's output. Since low price of output means low profit, which leads to low demand for labor.
2. Increase in the demand for automobile workers would be observed because the cost of materials are now cheaper; Implying more profit for companies and thus more demand for labor.
3. Giving unemployment insurance benefits is one best method to reduce this type of unemployment. Also facilitating a widely used job-search website could help.
In order to find total production cost of producing 6000 units we need to find Average Total cost per unit, which can be found out as below:
Direct material $6.6
Direct Labour $3.6
Variable Manufacturing Cost $1.35
Fixed Manufacturing Cost $3.3
Fixed Selling Price $0.95
Fixed Administrative Expense $0.65
Sales Commissions $0.75
Variable Administrative Expense $0.65
Total Expense Per Product $17.85
Total No of Products Produced 6000 Units
Total Cost of Production for 6000 Units $107100
Answer:
This question is incomplete, the options are missing. The options are the following:
a) He should consult lawyers about the possibility of suing for copyright infringement.
b) If the industry barriers to entry are low, he doesn't need to do anything.
c) He needs to find out if his company as well as other companies can provide the complements.
d) If the industry barriers to entry are high, he doesn't need to do anything.
And the correct answer is the option C
Explanation:
To begin with, the fact that Steve is the manager in charge of the product design and development at a toy company indicates that he has to be very open minded when new complementors arrive to the market so that he and his team could use their imagination to have an storm idea and try to implement them as good as they can so a perfect new toy will be produced in his company. Therefore that at first sight he should look up the fact that if they could use and provide those complements so that a plan to do that will start taking form in the team, otherwise if they could not provide those complementors then the joy for those arrivals will be for nothing.
