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3 years ago

What is a major corporation that includes a number of smaller companies in unrelated industries?

1 answer:

8 0

The correct answer is B. a conglomerate

A conglomerate is basically a group of unrelated business ventures that are overseen by the same group and owned by the same owners.

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Wind Fall, a manufacturer of leaf blowers, began operations this year. During this year, the company produced 10,000 leaf blower

Citrus2011 [14]

Answer: Option (a) $146,500 is correct.

Explanation:

Company produced = 10,000 leaf blowers

Company produced sold = 8,500 leaf blowers

Income statement of year-end:

Sales = $ 382,500

Cost of goods sold = 170,000

Gross margin = $ 212,500

Selling and administrative expenses = 60000

Net income = $ 152,500

Production costs per leaf blower total = $20

Variable cost of goods sold = 8500 × $16 = $136000

Variable selling and administrative expenses = 15% of 60000 = $9000

Fixed production Cost = 10000 × $4 = 40000

Fixed Selling & Administrative expenses = (100% - 15%) of 60000 = $51000

∴ Net income under variable costing = sales - Variable cost of goods sold - Variable selling and administrative expenses - Fixed production Cost - Fixed Selling & Administrative expenses

= 382,500 - 136000 - 9000 - 40000 - 51000

= 146500

4 0

3 years ago

Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the

Inessa05 [86]

If the sellers pay the majority of the tax, then the supply is more inelastic than demand.

If something is inelastic it is not sensitive to changes in the price or income of someone. The sellers will always have more of the tax burden when supply is more inelastic than demand and vis versa when demand is more inelastic than supply.

4 0

3 years ago

How will the Senator's plan spur economic growth? A) The business community will support the plan. B) Using tax breaks will allo

Mademuasel [1]

Business will be able to save the money they will recieve back from taxes.

5 0

3 years ago

Read 2 more answers

If you think that your bill is wrong, you should first: A. contact the local credit bureau and inform it of the billing error. B

MAVERICK [17]

The answer is A. Contact the local credit bureau and inform it of the billing error.

3 0

3 years ago

Which of the following is not true about the law of diminishing returns? It is a short run phenomenon. It refers to diminishing

Natasha2012 [34]

Answer:

All of the above are true.

Explanation:

The law of diminishing returns was first formulated by the classic economist David Ricardo. It presupposes a technical relationship between input and output, which is not scientifically demonstrable but only empirically. In practice, in a generic production system, at any contribution of any factor, that is, land, labor, capital, machines, etc. there is no proportionally increasing production increase.

Normally it is assumed that the law does not always come into operation but only when the variable input exceeds a certain threshold. For example, the increase of workers on an assembly line certainly allows a proportional increase in production, but only until the entire system begins to suffer from malfunctions due to logistics or work organization, precisely because of the its getting bigger. Large industrial plants have shown that they must be divided into sections, however coordinated, precisely because of the decreasing returns. This is because the increase in the number of workers and the mass of the plants does not correspond to a consequent increase in production.

3 0

3 years ago