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2 years ago

The salary of the project manager and temporary rental space for the project team would be classified as __________ costs.

1 answer:

5 0

The salary of the project manager and temporary rental space for the project team would be classified as direct project overhead costs.

<h3>What is overhead cost?</h3>

Overhead costs are daily operating expenses which are associated with maintaining a business operation.

Overhead costs are those expenses within a business that are not directly related to the production of a good or service.

Learn more about overhead cost here: brainly.com/question/13037939

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When the price of a good rises, consumers tend to purchase less of it and buy a relatively less expensive good. This behavior cr

Anna35 [415]

Answer:substitution

Explanation:The substitution bias is a weakness in the Consumer Price Index that overstates inflation because it does not account for the substitution effect, when consumers choose to substitute one good for another after its price becomes cheaper than the good they normally buy.

when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives.

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4 years ago

Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are equally priced in

Ugo [173]

Answer: Explanation:

The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal to the price ratio, Pp/PA

where ,

P p is the price of a peach and

PA is the price of an avocado.

In Georgia, avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy positive amounts of both goods), the marginal rates of substitution will not be the same for consumers in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.

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3 years ago

Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes.

mars1129 [50]

Answer:

The correct answer is the letter a. "Make more than 20 wedding cakes a month."

Explanation:

To maximize profit the marginal price of each cake must equal the marginal cost of each cake. The marginal cost is 300 and the marginal price is 5000/20 = 250. The marginal price of each cake (250) is less than the marginal cost of each cake (300), so Laura needs to make more than 20 cakes to increase her revenue and maximize her profit.

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3 years ago

GREYUIT [131]

Answer:

Required a

April 5,

Merchandise $38,900 (debit)

Accounts Payable ; Culver Company $38,900 (credit)

April 6

Freight Cost $800 (debit)

Cash $800 (credit)

April 7

Equipment $39,900 (debit)

Accounts Payable $39,900 (credit)

April 8

Accounts Payable ; Culver Company $5,000 (debit)

Merchandise $5,000 (credit)

April 15

Accounts Payable ; Culver Company $33,900 (debit)

Discount Received $678 (credit)

Cash $33,222 (credit)

Required b.

Accounts Payable ; Culver Company $33,900 (debit)

Cash $33,900 (credit)

Explanation:

When Tamarisk, Inc. paid the balance due to Culver Company on April 15, the payment is made within the discount period. Thus Tamarisk, Inc is granted a discount of 2% and pays the Account at $33,222 (net of credit granted on merchandise previously returned) .

However, when Tamarisk, Inc. paid the balance due to Culver Company on May 4 instead, the payment is made outside the discount period. Thus Tamarisk, Inc is not granted a discount pays the Account in full at $33,900 (net of credit granted on merchandise previously returned) .

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4 years ago

Problem 5-7 Analyzing Transactions

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I don’t see anything :/

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