Solstitium is a Latin
word from where the term solstice came. <span>This means 'the Sun stands still'.
The reason for this is because on this day, the Sun reaches its southern-most
position as seen from the Earth. The Sun seems to stand
still at the
Tropic of Capricorn and then reverses its direction. It's
also common to call it the day the Sun turns around.</span>
Answer:
1. Television advertisements for Bailey’s products
2. Lubricants used in running bottling machines
- PRODUCT COST: manufacturing overhead
3. Research and development related to elimination of antibiotic residues in milk
4. Gasoline used to operate refrigerated trucks delivering finished dairy products to grocery stores
5. Company president’s annual bonus
Explanation:
Product costs are all costs that are directly related to the manufacturing process of milk or other dairy products, e.g. workers wages, milk (raw materials).
Period costs are not directly related to the company's manufacturing process and they include sales and administrative costs (S&A), research and development (R&D), delivery costs.
The freight costs incurred for purchasing materials are part of product costs, but the delivery costs are sales expenses (period costs).
Answer:
Asset Turnover ratio = Net Sales/ Average Total Assets
a. <u>Economics Consulting Group </u>or Home Depot.
Home Depot has more physical assets than the Economic Consulting group which has its main assets as its employees which cannot be recorded as values in the balance sheet. ECG will therefore have more sales to assets and a higher Asset Turnover ratio.
b. <u>Catalog Shopping Network</u> or Gucci.
Catalog Shopping conducts its business mainly online or rather without using stores which means they will not hold as much physical inventory. This is different from Gucci which will hold inventory as well as have stores and the like. They will have more assets than Catalog Shopping Network which will give Catalog a higher Asset Turnover.
c. Electric Utility Co. or <u>Standard Supermarkets.</u>
Electric Utility Co. as an electric provider will have a high amount of assets as the nature of their business demands this. Supermarkets in comparison have less assets and so this will give them a higher Asset Turnover ratio.
Last year, BruceCo sold 1000 coffee cups for $10 each. This year, the company is planning on selling 1500 coffee cups. In order to cover the additional investment they will charge $10.50 for the first 500 cups, $10.25 for the second 500 cups and $10 for the last 500. Each cup costs $4.70 to produce. What is the marginal revenue for the 1125th cup?Answer: $10.00Last year, BruceCo sold 1000 coffee cups for $10 each.
Answer:
$250,000
Explanation:
The computation of the interest capitalized is shown below:
= Amount of construction loan × given percentage
= $2,500,000 × 10%
= $250,000
We simply multiplied the construction loan amount with the given percentage so that the accurate amount can come.
All other information which is given is not relevant. Hence, ignored it