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1 year ago

Which product is an example of a consumer good?

1 answer:

8 0

The correct alternative is the letter D. Gallon of milk to use in a bowl of cereal, this being the product that is an example of a consumer good.

<h3 /><h3>What is a consumer good?</h3>

Corresponds to a product used by the final consumer, that is, individuals or families for the immediate satisfaction of a need, such as food, personal hygiene and cleaning products.

Therefore, an individual's income will always have a part destined for consumer goods, which are essential for their health and quality of life.

Find out more about consumer good here:

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On January 1, 2012, Coronado Industries purchased for $762000, equipment having a useful life of ten years and an estimated salv

kari74 [83]

Answer:

$45,800

Explanation:

Coronado Industries

Cost of Equipment $762,00

Accumulated Depreciation

( $762,000 - 45,000 ) /10*9 years

=$717,000/10×9 years

=71,700×9 years

=$645,300

Therefore Dec 31,2012 book value of equipment will be:

= $762,000 - $645,300

= $116,700

Equipment sold $162,500

The gain to be recognize will be

= $162,500 - $116,700

= $45,800

1 January ,2012 to 31 December,2020 will give us 9 years

4 0

2 years ago

Read 2 more answers

a) Determine a minimum inventory production plan (i.e., one that allows arbitrary hiring and firing). b) Determine the productio

PIT_PIT [208]

Answer:

Hello your question is incomplete attached below is the complete question

answer:

A) 32 units ( number of units per month per worker )

B) number of workers required = 975 / 32 ≈ 31

c) mean of the two values = 138 + 41 ) / 2 = $89.50

Explanation:

A) Determine a minimum inventory production plan ( i.e. one that allows arbitrary hiring and firing )

The number of units per month per worker = 32 units

To have a minimum/least inventory; production plan = demand by hiring or firing

of employees

attached below is the table

B) determine the production plan that meets demand but does not hire or fire workers during the six-month period

To determine this production plan we have to find the per month production = (Total demand - beginning inventory ) / 6

= ( 6350 - 500 ) / 6 = 975 units produced

number of workers required = 975 / 32 ≈ 31

C) Calculate The cost of subcontracting needed to beat the cheaper of the two options above

regular cost = 8 * 5 = $40

we will keep 30 workers in order to determine how much subcontracting is needed and the maximum and minimum value of each unit is kept hence the overall cost < $253900.

if subcontracting cost = $138 then total cost = $253820

If subcontracting cost = $41 then total cost = $245090.

Therefore mean of the two values = 138 + 41 ) / 2 = $89.50

D) subcontracting cost of $50 formulating a LP and solve to optimality for the constraints of this problem

Z <= (Y+1)*7680 , X + 32Y >= 5850

6 0

2 years ago

A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound. An alternative would be

n200080 [17]

Answer:

If the company process further the units, income will decrease by $600.

Explanation:

Giving the following information:

A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound.

An alternative would be to process Product A further for $13,600 and then sell it for $23.00 per pound.

We need to determine the result of further processing the product.

Sell as-is:

Effect on income= 1,300*13= $16,900 increase

Continue processing:

Effect on income= 1,300*23 - 13,600= $16,300

It is more profitable to sell the units before further processing.

8 0

3 years ago

Assume that Beaver uses the periodic system, and the end of period ending inventory for January is 110 units. a. Prepare all nec

aleksandr82 [10.1K]

Answer:

Part 1 a

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Credit : Revenue $640

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Credit : Revenue $1,050

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Credit : Revenue $900

jan 31

Debit ; Cost of Sales (100 x $5 + 150 x $6 + 160 x $7) $2,520

Credit : Inventory $2,520

Part 1 b

Gross Profit = Sales - Cost of Sales

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = (100 x $5 + 150 x $6 + 160 x $7) = $2,520

Therefore,

Gross Profit = $2,590 - $2,520

= $70

Part 2 a

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Debit : Cost of Sales (80 x $5.00) $400

Credit : Revenue (80 x $8.00) $640

Credit : Inventory (80 x $5.00) $400

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Debit : Cost of Sales (20 x $5.00 + 100 x $6) $700

Credit : Revenue (120 x $8.75) $1,050

Credit : Inventory (20 x $5.00 + 100 x $6) $700

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Debit : Cost of Sales (50 x $6.00 + 50 x $7) $650

Credit : Revenue (100 x $9.00) $900

Credit : Inventory (50 x $6.00 + 50 x $7) $650

Part 2 b

Gross Profit = Sales - Cost of Sales

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = ($400 + $700 + $650) = $1,750

Therefore,

Gross Profit = $2,590 - $1,750

= $840

Explanation:

Hie, see the attached the full question as images below

Part 1

Note that the question in this part requires us to use the Periodic Inventory System. In Periodic Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the end of the Period, in this case at the end of the month of January.

Part 2

Again it is important to note that the question in this part requires us to use the Perpetual Inventory System. In Perpetual Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the after each and every transaction made.

Overall Comment

The Company use of FIFO should be considered in both the Periodic Inventory System in Part 1 and Perpetual Inventory System in Part 2. FIFO method assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

That said, Cost of Sales for Part 1 are determined and recognized at the end of the period and Cost of Sales for Part 2 are determined and recognized after every sale transaction made

4 0

3 years ago

Choose the term that best matches the description given.

givi [52]

People often visits tourist attraction sites. That there has been an increase in ecotourism, which is tourism to exotic, often threatened natural environments refers to ecological factors.

<h3>What influences tourism?</h3>

Ecotourism is known to be a new trend in the tourism industry. A factor analysis was done and five environmental factors were known to have a negative impact on tourists experience. They include;

Pollution
Tourism product offering
Park violation,
Environmental management
Tourism impacts.

Learn more about Tourism from

brainly.com/question/5501800

6 0

2 years ago