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2 years ago

Asymmetric information in a market transaction occurs when there is unequal knowledge possessed by the:_____.

1 answer:

3 0

Asymmetric information in a market transaction occurs when there is unequal knowledge possessed by the Buyer and the seller.

<h3 /><h3>What is the market?</h3>

A market can be defined as the process when there will be a transaction happening between two or more parties in exchange for something.

It is said that one side of a transaction has access to more information than the other; this is known as having asymmetric information.

Sellers may take advantage of buyers when there is an informational imbalance in which one party has more knowledge about the good being offered than the other.

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During March, the production department of a process operations system completed and transferred to finished goods 35,000 units

kotegsom [21]

Answer:

Direct Labor Equivalent unit cost : $5,415463

Explanation:

$\left[\begin{array}{ccccc}\\ &$Units to be assigned costs:&&Equivalent Units&\\&&$Whole Units&Materials&Conversion\\&$Beginning&35000&35000&17500\\&$Started and completed&71000&71000&71000\\&$transferred&106000&106000&106000\\&$ending&39000&39000&11700\\&$Total units to be assigned costs&145000&145000&117700\\\end{array}\right]$

<u><em>Transferred units:</em></u>

beginning + started - ending = transferred

35,000 + 71,000 - 39,000 = 71,000

Labor cost: 581,000 + 56,400 = 637,400

equivalent units for conversion: 117,700

(trasnferrred + percentage of completion ending WIP)

<em><u>Equivalent unit cost:</u></em>

637,400 / 117,700 = 5,415463

7 0

3 years ago

oksian1 [2.3K]

The descriptions to cases that will possibility be addressed by a Trial Balance are:

can detect the accuracy of the accounting process(possible)

can help check whether the debit side is equal to the credit side(possible)

can help prepare the income statement(possible)

helps serve as a proof of the application of the double-entry system(not possible)

can help check whether a particular transaction has been completely omitted(not possible)

<h3>What is trial balance?</h3>

A trial balance can be regarded as bookkeeping worksheet which contains the ledger that is arranged into debit and credit account column .

Therefore, with trial balance, one can check whether the debit side is equal to the credit side.

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3 0

2 years ago

b. Now suppose instead that housing credits are withdrawn gradually at a rate of $500 for each $1,000 that someone is earning ab

zavuch27 [327]

Answer: $0

Explanation:

Layla qualifies for $8,000 in housing credits.

These are withdrawn at $500 for every $1,000 she earns above the wage limit of $26,500

Layla's annual income = 35,000 + 7,500

= $42,500

Amount earned above limit = 42,500 - 26,500

= $16,000

Amount of housing credit withdrawn is $500 per thousand so for $16,000, $8,000 will be withdrawn from her housing credit.

Housing credit = 8,000 - 8,000

= $0

5 0

3 years ago

Creating a chart using a spreadsheet Chart Wizard involves four steps. Which is the first step?

ycow [4]

Making a line for ur chart i'm guessing

8 0

3 years ago

Read 2 more answers

The selling price per unit less the variable cost per unit is the ________.

OlgaM077 [116]

The selling price per unit less the variable cost per unit is the contribution margin per unit.

<h3>What is the contribution margin per unit.?</h3>

This is the term that is used to refer to the selling price that was used for the sale of a particular good minus the variable cost that was employed in the production of that particular good. It is the contribution that is made towards the payment of the fixed costs.

Hence we can say that The selling price per unit less the variable cost per unit is the contribution margin per unit.

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6 0

1 year ago