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4 years ago

1. Which of the following is an economic activity?

Business

2 answers:

Mazyrski [523]4 years ago

4 0

Which of the following is an economic activity?

a) teaching of a teacher in the school.

b) to play football.

e) none.

2. Which of the following in known as plastic money?

a) bearer cheques

B) credit cards

C) demand drafts

D) gift cheques

3) ceteris paribus means-

A) invisible hand

B) other things remaining constant

Hope this helps.

galina1969 [7]4 years ago

3 0

Check this attachment

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Teresa has a contract to teach eighth grade at Washington Middle School. She decided she could make more money writing a book, s

kari74 [83]

Answer:

The duties under the teaching contract cannot be delegated

Explanation:

The person wit whom the school has a binding agreement was Teresa and contract of services cannot be delegated unilaterally by Teresa to her friend Shirley without consulting the school authority.

The appropriate procedure would be for Teresa to discuss with the school her plans to let Teresa to cover up for her absence,however, if the school accepts the new arrangement , Teresa would need to be relieved of her duties as this would be a permanent substitution.

8 0

3 years ago

Marian Company reported the following items for the month of July: Sales revenue $ 473 comma 300 Cost of goods sold $ 300 comma

NARA [144]

Answer:

4.33.

Explanation:

Inventory turnover is a ratio that tells us the number of times a company sells and replaces its inventory. It is calculated by taking Cost of Goods Sold for a period and dividing it by Average Inventory [(Opening + Ending) / 2].

⇒ 300,000 / [(64,400 + 74,200) / 2] = 300,000 / 69,300 = 4.33.

It means that Marian Company sold its inventory 4.33 times during the Year.

3 0

3 years ago

Information on a prospective investment for Wells Financial Services is given below. Period 1 2 3 4 Loan Funds Available 3000 70

Harman [31]

Answer:

Let Lt = Loan in period t , t= 1...4

It = Investment in period t, t= 1...4

These are the decision variables

The objective is to maximize the net income which is the difference between Loan and investment in period 4

Investment income in period 4 = 110% of I4 = 1.1I4

Expense and loan in period 4 = 1.085 L4

So,

Maximize Z = 1.1I4-1.085 L4

Constraints

L1<= 3000

I1<= 4500

L1-I1= 100( Payroll payment)

L2<= 7000

I2<= 8000

L2+1.1I1-1.085L1-I2=120

L3<=4000

I3<= 6000

L3+1.12I2-1.085L2-I3=150

L4<=5000

I4<=7500

L4+1.13*I3-1.085L3-I4=100

1.10I4-1.085L4>=0

Lt, It>=0

Putting this in excel sheet,

See remaining part in pictures attached.

Explanation:

See pictures attached.

7 0

3 years ago

During the current year, Brewer Company acquired all of the outstanding common stock of miller Inc. paying $12,000,000 cash. The

Lesechka [4]

Answer:

See the explanation below:

Explanation:

The merged details are first sorted as follows:

Details Book Value ($) Fair Value ($)

Accounts receivable 1,800,000 1,625,000

Inventories 2,700,000 4,000,000

Property Plant and Equipment 9,000,000 11,625,000

Accounts payable 3,000,000 3,000,000

Bonds payable 4,500,000 4,125,000

The calculation will now be done using the fair value as follows:

Total fair value of assets = $1,625,000 + 4,000,000 + 11,625,000 = $17,250,000

Total fair value of liabilities = $3,000,000 + 4,125,000 = $7,125,000

Fair Value of Miller Inc. Equity = $17,250,000 - $7,125,000 = $10,125,000

Goodwill from the acquisition = $12,000,000 - $10,125,000 = $1,875,000

The journal entries will look as follows:

<u>Details Dr ($) Cr ($) </u>

Goodwill 1,875,000

Miller Inc. Equity acquired 10,125,000

Cash 12,000,000

<u>To record the acquisition Miller Inc. </u>

7 0

3 years ago

Merone Company allocates materials handling cost to the company's two products using the below data: Modular Homes Prefab Barns

Solnce55 [7]

Answer:

$85,050

Explanation:

The material handling cost of Merone Company is allocated on the basis of direct labor hours.

Expected Total direct labor-hours (710 labor hour per unit * 5,100 units produced + 210 labor hour per unit * 8,100 units produced

= 3,621,000 + 1,701,000

Total Expected direct labor hours = 5,322,000

Material handling cost per labor hour: $266,100 / 5322000 labor hours

= $0.05 per labor hour

$0.05 per labor hour * 1,701,000 labor hours of Prefab Brans

= $85,050

7 0

3 years ago