Answer: Grapes are considered <u>intermediate goods</u> if the purchaser uses them <u>to make wine </u>to sell others but not if the purchaser eats them.
Explanation: We call intermediate goods to goods that deplete their production process.
They are used <em>to produce other goods</em> and in its application to the<em> production process </em>it is fully incorporated into the product or transformed completely with the first use.
They are bought for<u> resale</u> or used as inputs or raw materials for the production and sale of other goods.
One <u>example</u> could be the<u> flour </u>used to make<u> bread </u>is an intermediate good for consumption. ( The bread is the final product that you buy on the store ) .
Answer:
Total debt ratio will be 44 %
So option (c) will be the correct option
Explanation:
We have given monthly principal and interest on mortgage loan = $635
Monthly Tax and insurance payments = $125
Car lease payment = $350
Now total monthly obligations = $625+$125+$350 = $1100
Gross monthly income = $2500
We have to find the total debt ratio
We know that total debt ratio is given by
Debt ratio %
So option (c) will be the correct option
The statement above is TRUE, having a budget is an excellent way to manage the money your earn. A budget is a plan that guides you with your expenditures and savings. It is a plan for your future income on how you spend and save it.
Answer:
The Cool Sky product cost per unit is $102.
Explanation:
To determine the product cost per unit using the absorption costing we find the per unit rate for Fixed Overheads for the year as follows,
Total Fixed overheads for the year / Units produced during the year
$528,000 / 44,000 unit = $12 per unit.
Total Cost per unit = Direct Material per unit + Direct labor per unit + Variable overhead per unit + Fixed Overhead per unit.
Total Cost per unit = $60 + $22 + $8 + $12
Total Cost per unit = $102 per unit.
Answer:
applying for a credit card
Explanation: