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2 years ago

1. Which of the following accounts are NOT likely appear in a job order cost system of a service business

Business

1 answer:

Burka [1]2 years ago

8 0

A <u>finished Goods</u> account would most likely not appear in a job order cost system of a service business.

Finished Goods are products that are at a stage in the manufacturing process that is readily available to consumers. Businesses use formulas to calculate finished goods and products to create inventory percentages that determine the value of the goods sold.

The cost of the finished product includes all costs along the way and includes the three main components used in the production of the goods: direct labor, direct materials, and overhead costs. In addition, storage costs will be incurred when purchasing finished products.

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Richard wants to buy additional stock in Rancor Mobil, but the price of the stock has fluctuated in recent days. He wants to mak

kvasek [131]

Answer:

Limit order.

Explanation:

A limit order is an order executed in part or in full when a price level previously defined by it has been reached. In case of a partial execution, the order remains active until executed in full within its validity period or until cancelled.

Limit order in the L2 module :

- executed only at the specified price and only with Deltastock as a liquidity provider ;

- when another liquidity provider is used, the order is executed as a market order when the requested price is met and with the provider first to quote that price.

- in case of a partial execution of a limit order in the L2 module, the remaining amount constitutes a new limit order, valid until executed or cancelled.

8 0

3 years ago

4. Savings are particularly important to young people because:

katen-ka-za [31]

Answer:

I think it's D

Explanation:

because savings are in the beginning of their financial lives,”

I hope this helped u :)

3 0

3 years ago

Which statement explains a proportional tax system?

-Dominant- [34]

Answer:

The tax rate is the same for all income levels.

Explanation:

A proportional tax system is a tax mechanism that applies equal rates to all income brackets. This system does not segregate based on income earned. The proportional tax system is also the flat rate system.

Since the proportional tax system applies the same rate to all taxpayers, it means that the low income, middle, and high-income earners pay tax at the same rate. The proportional tax system contrasts with other methods, such as the progressive tax system that considers income levels.

7 0

4 years ago

A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. if the variable co

aksik [14]

A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. If variable costs are $8 per unit, total fixed costs must be $143,500.

Fixed costs are costs that stay constant no matter changes in production volume, implying that irrespective of whether output rises or decreases, total fixed costs remain constant within the relevant range.

Rent, labor, depreciation, insurance, and other fixed costs per unit fluctuate over the relevant range, on the contrary.

Given,

Selling price = $16

Variable cost per unit = $8

Units sold = 25,500

Pretax income = $60,500

$Contribution Margin = (Selling Price Per Unit - Variable Cost Per Unit) * Units Sold$

Substituting the provided information into the above calculation yields,

Contribution margin = $($16 - $8) * 25,500 units$

= $204,000

Formula:

$Pretax Income = Contribution Margin - Fixed Costs$

This symbolizes,

$Fixed Costs = Contribution Margin - Pretax Income$

Substituting the provided information into the above calculation yields,

$Fixed Costs = $204,000 - $60,500$

= $143,500

Hence, the answer is $143,500.

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6 0

2 years ago

A firm decides to expand its operations and use more square footage in their main office. Currently, they rent out 3000 square f

Andrej [43]

Answer: $297,353.33

Explanation:

In calculating the Opportunity Cost of using that space with the available data, the following formula can be used (notice that APR is a yearly figure and the rent is monthly),

Opportunity cost = Rent per month *12* (1-tax rate) / APR

= $3,431.00 * 12 * ( 1 - 0.35) / 0.09

= 297353.333333

= $297,353.33

$297,353.33 is the opportunity cost of using this space.

Note the method used above is the faster method but if you want to use the other method, first you change the rent to a monthly figure. Then you divide it by the cost of capital to get the present value. Then you multiply by the After tax rate of (1 - tax rate). It's basically the same as the above though.

4 0

3 years ago