Answer:
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Answer:
Factoring
Explanation:
Factoring is a form of debtor finance that involves an entity selling it's accounts receivables to a third party at a discount.
The third party is called a factor.
This practice is usually carried out to meet urgent cash needs of the business.
In this instance Kliting Co. has a lot of outstanding accounts receivables and there is need for cash to pay its suppliers and employees at the end of the month.
Instead of borrowing Kliting Co. sells their accounts receivables to get the needed cash.
This is factoring finance
Answer:
$2,745
Explanation:
Given that,
Direct labor hours used:
Assembly Department = 9
Sanding Department = 6
Machine hours used:
Assembly Department = 9
Sanding Department = 7
Cost for direct labor = $35 per direct labor hour
cost of the direct materials used = $1,500
Total cost of Job 600:
= Direct labor + Direct material + Assembly department overhead + Standard department overhead
= [(9 + 6) DLH × $35] + $1,500 + ($60 × 9) + ($30 × 6)
= $525 + $1,500 + $540 + $180
= $2,745
Answer:
C. Market value of the inputs a firm uses in production.
Explanation:
Total cost is the summation of all cost incurred by a firm as a result of production. It is also market value of the inputs a firm uses in production.
Total cost refers to the summation of fixed cost, which is a cost that does not vary with the level of out put and variable cost, which varies with the level of output.
When producers manufacture goods, the total cost of production of such goods will be factored in the final price such that the producer is able to earn profit.
Answer:
D. The supply of jeans is unchanged and the quantity of jeans supplied increases
Explanation:
According to the law of supply if the price of the good increased than the quantity supplied is also increased and vice versa i.e it shows the direct relationship between the quantity supplied and the price
So since the price of the jeans is rises so the quantity supplied is also raised without impact the supply of jeans
Hence, the correct option is D.
