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2 years ago

In all cases, positive economics deals with

1 answer:

6 0

The field of economics is so vast and broad that it is often classified into branches and one of which are the positive and normative economics. Positive economics usually refers to the process and methods of explaining a certain economic phenomenon in which it establishes common relationships among variables present.

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The following information pertains to the Southern Division of Olson Company: Net Sales $5,250 Variable Costs: Cost of merchandi

Andru [333]

Answer:

The contribution controllable by a segment manager is $ 1,850

Explanation:

Segment Manager`s performance is evaluated on be bases of items directly controllable by them ( controllable contribution)

Calculation of Controllable Contribution :

Net Sales $5,250

Less Variable Costs :

Cost of merchandise sold (1,200)

Operating expenses (450)

Controllable Contribution 3,600

Less Controllable Costs:

Fixed Cost Controllable (600)

Unallocated costs (1,150)

Contribution Controllable -Segment Manager 1,850

8 0

3 years ago

Company X's current assets increased by $40 million from 2007 to 2008, while the company's current liabilities increased by $25

Virty [35]

Answer:

b. An increase of $15 million

Explanation:

The computation of the cash impact of the change in working capital is shown below:

As we know that

Working capital = Current assets - current liabilities

So, the change in working capital is

= Increase in current assets - increased in current liabilities

= $40 million - $25 million

= $15 million

Hence, the b option is correct

7 0

3 years ago

Leisure Heating & Cooling installs and services commercial heating and cooling systems. Leisure uses job costing to calculat

marshall27 [118]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Overhead is allocated to each job based on the number of direct labor hours spent on that job.

At the beginning of the current year:

The estimated overhead= $66,750.

Estimated direct labor hours= 4,450

In November, Leisure started and completed the following two jobs:

Job 101

Direct materials used= $16,000

Direct labor hours used=195

Job 102

Direct materials used= $ 10,500

Direct labor hours used= 72

Leisure paid a $30 per hour wage rate.

A) predetermined overhead rate= total estimated manufacturing overhead/ total amount of allocation base

predetermined overhead rate= 66,750/4450= $15 hour

B) Job 101:

Manufacturing overhead allocated= direct labor hours*predetermined overhead rate

Manufacturing overhead allocated= 195*15= $2925

Job 102:

Manufacturing overhead allocated= 72*15= $1080

C) Job 101:

Total cost= direct materials + direct labor + manufacturing overhead

Total cost= 16000 + 195*30 + 2925= $24,775

Job 102:

Total cost= 10500 + 72*30 + 1080= $13740

4 0

3 years ago

How to find users you wanna add

icang [17]

tbh there's no search thing to find users

Hope this helped you- have a good day bro cya)

5 0

2 years ago

____________ refers to a consolidated network of business leadership whose concerns go beyond narrow decision-making within sing

sertanlavr [38]

Answer:

A. Institutional Capitalism

Explanation:

Institutional capitalism is the phenomenon whereby large institutions holds large share of the capitalistic enterprise. Capitalism in itself has to do with private companies having their own ownership of the production process. In this case, the capitalistic enterprise is done on the basis of institutional shareholding.

8 0

3 years ago