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MA_775_DIABLO [31]
3 years ago
6

Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including exp

enditures related to administering the business, are classified as: A. Investing activities. B. Direct activities. C. Indirect activities. D. Operating activities. E. Financing activities.
Business
1 answer:
stepladder [879]3 years ago
3 0

Answer:

D. Operating activities.

Explanation:

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.

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For years Print and Copy, a copier machine supplier, enjoyed strong sales and a huge share of the copier market, far ahead of it
anzhelika [568]

Answer:

<h2>The answer, in this case,would be option D. given in the answer choice or closed.</h2>

Explanation:

  • A closed system strategy basically signifies a confined and a non transparent business strategy which is characterized by a limited interaction between the concerned company or business organizations and its customers.
  • Under the closed system, the companies or business organizations often stick to their traditional or conventional products and services and are usually not open or receptive to contemporary and recent market trends and patterns adopted by their competitors.
  • In this case, Print and Copy mostly relies on their selling existing product lines which have traditionally yielded higher revenue and consolidated company's market share in the industry in comparison to its market competitors. It also doesn't depend much on product modification based on respective customer feedback and reviews to enhance customer satisfaction and market goodwill or reputation,thereby,exhibiting infrequent and limited business and customer interaction.
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3 years ago
2. Explain what happens to the demand curve
astraxan [27]

Answer:

The law of demand states that consumers will request more of a product if its price decreases. For supplement goods, an increase in the price of one will increase demand for the other. The demand curve for apples will react as follows.

Explanation:

<u>A). More people begin to prefer apples to oranges.</u>

Should peoples' preference change to apples, the demand for oranges will decrease while that of apples will increase. The demand curve is downward sloping. If demand increases, the demand curve will shift to the right. It is also referred to as moving outwards. In this case, the demand curve for apples will shift to the right.

B) <u>The price of peaches rises (because peaches are a substitute for apples).</u>

Substitutes imply a good can be used in place of another. If the price of a substitute increases, it demands decreases. The demand for the substitute good will go up. An increase in the price of peaches will increase the demand for apples. As a result, the demand curve will shift outwards. In other words, shift to the right.

C. People's incomes rise (and apples are a normal good).

Demand for normal goods increase as the people's income rises. More people will afford to buy apples. If people are now earning more, the demand for apples will go up. The demand curve will shift to the right to indicate a surge in demand.

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3 years ago
Lillich, Inc., manufactures and sells two products: Product U6 and Product R5. Data concerning the expected production of each p
Goryan [66]

Answer:

Lillich, Inc.

c. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $5.63.

Explanation:

a) Data and Calculations:

Direct labor rate = $28.00 per DLH

                                         Product U6                      Product R5      Total

Expected production            690                                  1,060

Direct materials cost/unit   $250.40                             $167.80

Direct Labor Hours/unit         8.9                                     5.9

Total direct labor hours        6,141                                 6,254        12,395

Direct labor costs               $171,948 ($28*6,141)          $175,112 ($28*6,254)

Total direct materials cost $172,776 ($250.4*690)   $177,868 ($167.8*1,060)

Total overhead                 $636,360                         $658,752                 $1,295,112

Total production cost        $981,084                         $1,011,732

Expected production            690                                  1,060

Cost per unit                      $1,421.86                         $954.46

Traditional costing:

Direct labor costs               $171,948 ($28*6,141)          $175,112 ($28*6,254)

Total direct materials cost $172,776 ($250.4*690)   $177,868 ($167.8*1,060)

Total overhead                   $641,612                          $653,418                 $1,295,112

Total production cost       $986,336                       $1,006,398

Expected production            690                                  1,060

Cost per unit                      $1,429.47                         $949.43

Allocation of overhead based on direct labor hours

= $ 1,295,086/12,395

= $104.48 per DLH

Product U6 = $641,612 ($104.48 *  6,141)

Product R5 = $653,418 ($104.48 * 6,254)  

Estimated Expected Activity

Activity Cost Pools  Activity      Overhead  Product     Product   Total

                               Measures       Costs          U6           R5    

Labor-related           DLHs         $ 201,638    7,125        7,280     14,405

Production orders   Orders            72,840   1,350         1,250      2,600

Order size                MHs          1,020,608   6,500        6,800    13,300

Total                                        $ 1,295,086

Overhead rates:

Labor-related = $201,638/14,405 = $14.00 per DLH

Production orders = $72,840/2,600 = $28.00 per order

Order size = $1,020,608/13,300 = $76.74 per machine hour

Overhead allocation:

                               Product U6                      Product R5              Total

Labor-related         $99,750 (7,125*$14)       $101,920 (7,280*$14) $201,670

Production orders    37,800 (1,350*$28)         35,000 (1,250*$28)    72,800

Order size               498,810 (6,500*$76.74) 521,832 (6,800*$76.74) 1,020,642

Total overhead   $636,360                         $658,752                 $1,295,112

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