Governments most often influence market conditions by:

Rebel Sound Inc. produced 30,000 audio devices last month. Rebel started the month with $10,000 worth of inventory in Finished G

Arada [10]

Answer:

$120,000

Explanation:

Step 1 Prepare a Cost of Manufacturing Schedule

Materials ($50000-$6,000) $44,000

Various utility and rent charges on factory $15,000

Salaries and Wages $60,000

Other Costs(Balancing figure) $35,000

Less Work in Process ($24,000)

Cost of Goods Manufactured $120,000

Step 2 Prepare a cost of Goods Sold Schedule

Opening inventory in Finished Goods $10,000

Add Cost of Goods Manufactured $120,000

Less Closing inventory in Finished Goods ($5,000)

Cost of Goods Sold $125,000

7 0

3 years ago

Ramon works at Chicago Medical Instruments. His job was recently redefined so that he now has more flexibility in the hours he w

jolli1 [7]

Answer:

Chicago Medical Instruments is trying to change Ramon's job so that it has more:

B. Autonomy

Explanation:

Autonomy means being capable of making informed decisions. In the job is about the freedom an employee has to perfom the work. Chicago Medical Instruments is allowing more flexibility in the hours Ramon works and more say in the procedures he use on the job. So, this is giving him more freedom which means that he has more autonomy.

6 0

3 years ago

On November 1 of year 0, Jaxon borrowed $50,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid

Stels [109]

Answer:

a. $750

b. $750

Explanation:

The first thing to do is calculate the monthly interest as follows:

Monthly interest = Total interest ÷ 12 = $4,500 ÷ 12 = $375

The rent for two months in year 0 (November and December) = $375 × 2 = $750.

Prepaid expenses (January to October of year 1) = $4,500 - $750 = $3,750.

Decision:

Prepaid expenses is not deductible under either cash accounting method or accrual accounting method for tax purposes.

Therefore, Jaxon can deduct only $750 two months (November and December) relevant for year 0 under both cash accounting method and accrual accounting method.

The prepaid expenses of $3,750 is not deductible in year 0 but can only be deducted in year 1.

4 0

3 years ago

Mia and Jack are two chocolate producers. Mia packs her chocolates in attractive boxes and charges slightly more than Jack does.

Rama09 [41]

The correct answer is B. Monopolistic competition

Explanation:

Monopolistic competition occurs when the producers of a product determine the price of it. Also, the products sold have differences, which means consumers do not consider one product can be substituted by another because the qualities, brand, appearance, etc. are different. This is the opposite of perfect competition, in which products are substitutes and price is determined by price and demand rather than producers.

Monopolistic competition occurs in the case presented because the chocolates sold by Jack are different from those sold by Mia, who uses attractive boxes. Also, due to this difference, Mia can set higher prices and still get more demand from consumers.

6 0

3 years ago

Keene, Inc. produces flash drives for computers, which it sells for $20 each. Each flash drive costs $6 of variable costs to mak

kodGreya [7K]

Answer:

The break even level of units per month fall by 16 units.

Explanation:

The current breakeven units per month are,

Break even in units = 5600 / (20 - 6)

Break even in units-March = 400 Units

The fixed costs remain constant in the short run to a certain activity level so assuming that the fixed costs will remain $5600.

The new variable costs will be 6 * 0.9 = $5.4

Assuming everything else remains constant,

The new break even in units per month = 5600 / (20 - 5.4)

New break even in units = 383.56 rounded off to 384 units

As a result of decrease in the variable cost per units, the new break even point becomes 16 units less than the previous one.

4 0

3 years ago