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1 year ago

The phase of the business cycle at which real domestic output is at minimum during a cycle is called:_______

Business

1 answer:

Igoryamba1 year ago

6 0

The phase of the business cycle at which real domestic output is at a minimum during a cycle is called the trough

This is further explained below.

<h3>What is the business cycle?</h3>

Generally, The term "business cycle" refers to the persistent upswings and downswings in broad indices of economic activity, such as production, employment, income, and sales.

Business cycles may last for a number of years. The expansionary and contractive stages of the business cycle are the phases that alternate with the other.

In conclusion, The trough is the point in the economic cycle that marks the point at which real domestic production has fallen to its lowest point during that particular cycle.

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Answer:

A, B.

Explanation:

A is relevant as the 400-pound remaining can be sold at market price after the special order

B is relevant as the whole 5,500 can be sold at market price instead of the special order

C is irrelevant as the cost has already been uncured

D is irrelevant

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3 years ago

Destin Company uses the weighted average method in its process costing system. The first processing department, the welding depa

ICE Princess25 [194]

Answer:

the cost per equivalent unit for conversion costs for the month is $ 6.256 (round off to three decimal places)

Explanation:

The Concept of Equivalent units measures the number of units of output in terms of percentage completion of a certain input element.

In this question we are required to find the cost per equivalent unit for conversion costs.

Step 1 Find the Total conversion costs for the period.

Conversion cost in this beginning work in process inventory $19,200

Conversion costs incurred in the during the month $383,060

Total conversion costs for the period $402,260

Step 2 Find the Total Equivalent units

Hint : First find the Units Completed

Units Completed = 10000+6000-19000

= 51,000

<u> Total Equivalent units</u>

Units Completed ( 51,000 × 100 %) = 51,000

Closing Work In progress ( 19,000 × 70 %) =13,300

Total Equivalent units =64,300

Step 3 Find cost per equivalent unit for conversion costs

cost per equivalent unit = Total conversion costs / Total Equivalent units

= $402,260 / 64,300

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3 years ago

Companies in the same industry often select very different distribution networks, because the choice of the distribution network

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Answer:

Explanation:

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2 years ago

From what part of income should someone take savings?<br>

vovikov84 [41]

Answer:

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3 years ago

Read 2 more answers

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Answer:

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Basically, there are two forms of accounting for measuring business activities namely; Financial accounting and Management accounting.

Financial accounting involves the measurement of the business activities over a period using a defined framework or standard such as US GAAP, IFRS, etc. This is usually presented in a form of statements called the financial statements and is used by internal and external stakeholders such as Government, creditors, shareholders etc.

Management account is usually prepared for management purposes and measures the company's actual activities against the budget or plan.

The right answer is financial accounting.

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3 years ago