You are using money primarily as a : Store of value
Money as a store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern.
When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.
Other characteristics of money includes :
- Medium of exchange
- Unit of account
- Standard of value
Hence, you are using money primarily as a store of value if you place a part of your summer earnings in a savings account.
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Answer:
$2.2 per unit
Explanation:
With regards to the above and to compute the company's unit contribution margin, we need to first calculate the total contribution margin
Total contribution margin
= Sales revenue - Variable manufacturing expenses - Variable selling and administrative expenses
= $1,104,600 - $432,000 - $94,000
= $578,600
Therefore, the company's unit contribution margin
= Total contribution margin ÷ Number of units produced and sold
= $578,000 ÷ 263,000
= $2.2 per unit
Answer: The correct answer is "B. $2,160."
Explanation: First we must calculate the total costs
Total cost = Goods in process inventory + Direct materials + Direct labor + Overhead.
Total cost = $5400 + $21600 + $16200 + $10800 = $ 54000.
Then the total transferred out =
Total transferred out = Total cost - units in the final inventory of goods in process.
Total transferred out = $54000 - $4590 = $49410.
Now we must know the beginning goods in process transferred out =
BGIP Transfered = Total transfered out - units started and completed.
BGIP Transfered = $49410 - $41850 = $7560
And finally we calculate the cost to complete the begining goods in process inventory which is =
Cost to complete BGIP = BGIP transfered out - Goods in Process Inventory Balance.
Cost to complete BGIP = $7560 - $5400 = <u>$2160</u>
The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.
<h3>How are the straight-line and double-declining-balance methods related?</h3>
While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.
What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.
In conclusion, option D is correct.
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The group which included distributors, local communities and special-interest groups that are concentrated on by the company is an example of external stakeholders.
<h3>Who are the
external stakeholders?</h3>
An external stakeholders is an component (stakeholder) of a business that plays huge role in its success, actions and outcomes but do not directly work with a company.
In conclusion, the group which included distributors, local communities and special-interest groups that are concentrated on by the company is an example of external stakeholders.
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