Sales contracts, financing contracts and terms of agreements. Describe each.

Suppose bundle a contains 5 cds and 5 dvds and bundle b contains 88 cds and 33 dvds. if a consumer is able to rank different com

Fofino [41]

<span>If a consumer was asked to rank different combinations of goods and services terms of how much utility they provide, then a bundle with a total of 112 cds and dvds would rank higher than a bundle with a total of 10 cds and dvds, if based on total of goods only. This does not take into account the contents of the media.</span>

5 0

3 years ago

Should Japanese companies such as Nintendo and Toyota with business in Mexico have hedged against adverse changes in the peso/ye

svetoff [14.1K]

<u>Solution and Explanation:</u>

These companies with the businesses in Mexico are not affected due to the adverse exchange rates and have nullified it, because they have their operations in the neighboring nations such as Canada and USA. Here, These companies do not use Yen as a currency for the exchange and since Mexico has NAFTA agreement with the USA and Canada, then these companies take the benefits of the duty free trade. Hence, a superior quality, scale of production and savings in duty and tariff, will make them get better off and nullify the impact of the exchange rate.

So, these companies have done it with the help of use of local currency and the US dollar as exchange currencies, and benefit of free trade with the member nations of NAFTA. These companies can also export the goods to those nations such as Brazil, Argentina to cater the demand in these nations. Here also, Yen will not be used.

8 0

4 years ago

XYZ Company is union free. Because of increased costs and operational efficiency, it is in XYZ Company’s best interest to avoid

lubasha [3.4K]

Answer:

Make sure employees understand that anyone who attempts unionization will be discharged

Explanation:

Companies are not allowed to threaten employees who are interested in forming a union with discharge.

3 0

3 years ago

Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails

Darina [25.2K]

Question Completion:

Find the gross profits for Diamonds and Cards

Find the total gross profit

Answer:

Five Card Draw

Diamonds Clubs Total

Gross profit $1,632,000 $1,188,000 $2,820,000

Explanation:

a) Data and Calculations:

Diamonds Clubs Total

Units manufactured and sold 24,000 27,000 51,000

Retail price $180 $190

Sales revenue $4,320,000 $5,130,000 $9,450,000

Direct materials cost per unit $25 $30

Labor rate = $25 per hour

Direct labor hours per unit 3 4

Total direct labor hours 72,000 108,000 180,000

Estimated overhead = $720,000

Predetermined overhead rate = $4 ($720,000/180,000) per DLH

Overhead allocation $288,000 $432,000 $720,000

Total direct materials costs $600,000 $810,000 $1,410,000

Total direct labor costs $1,800,000 $2,700,000 $4,500,000

Total costs of production $2,688,000 $3,942,000 $6,630,000

Income Statement:

Diamonds Clubs Total

Sales revenue $4,320,000 $5,130,000 $9,450,000

Total costs of production $2,688,000 $3,942,000 $6,630,000

Gross profit $1,632,000 $1,188,000 $2,820,000

3 0

3 years ago

A company paid jen rogers, its sole stockholder, a total of $22,000 in dividends during the current year. the entry needed to cl

Natasha_Volkova [10]

Answer:

Retained earnings......................Dr $22,000

Dividend expense $22,000

Explanation:

There are two accounts, temporary and permanent accounts. Temporary accounts such as dividends and revenue need to be closed and charged against permanent accounts at the end of reporting period. This is done to estimate the total earnings of the firm during the period.

Dividends are charged to permanent account, retained earnings. Following is the closing entry:

Particulars Debit Credit

Retained earnings $22,000

Dividend expense $22,000

(Dividends expenses closed

by charging to retained earnings)

8 0

3 years ago