Rules of the ______ are established by the state government to regulate vehicles and govern traffic.

Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the following three lists of cost of g

solmaris [256]

Answer:

(A) 352,410

(B) 328,910

(C) 474,120

(D) 461,770

(E) 165,000

(F) 175,000

Explanation:

1.- WIP, August 1st: $ 19,660 $ 41,650 (e)

2.- Cost added $ 332,750 (c) $ 1,075,000

3.- Subtotal (a) $ 515,770 $ 1,240,000

4.- WIP, August 31th $ 23,500 $ 54,000 (f)

5.- COGM (b) (d) $1,068,000

The identity to solve for this is as follow:

$$$beginning WIP + cost added = COGM + ending WIP$

The third row is the sum of the left side of the of the equation.

beginning WIP + cost added.

(a) 332,750 + 19,660 = 352,410

(c) 515,770 - 41,650 = 474,120

(e) 1,240,000 - 1,075,000 = 165,000

COMG will be third row less fourth row

the ending WIP subtracted from the left side

(b) 352,410 - 23,500 = 328,910

(d) 515,770 - 54,000 = 461,770

(f) 1,240,000 - 1,068,000 = 175,000

8 0

3 years ago

A year ago, Phyllis Peterson purchased 100 shares of Fidelity's Contrafund for $50 each. During the year, her total return from

Y_Kistochka [10]

Phyllis' RATE (percentage) of return is 7 percent

Explanation:

Data provided in the question:

Purchase price for each share = $50

Dividend received = $1 per share

worth of shares at the end of year = $52.50

Thus, total return on the share = dividend received plus worth of sahres at the end of year minus purchase price

= $1 plus $52.50 minus $50 = $3.5

Therfore, rate of return = [ total return on the shares by purchase price ] into 100%

= [$3.5 by $50] inot 100 percent

= 7 percent

hence, the option with 7 percent will be the correct answer.

6 0

3 years ago

According to classical economic theory, a market economy: Select one: a. is self-regulating b. will automatically adjust to the

abruzzese [7]

Answer:

A. Is self regulating

Explanation:

The fundamental theory of the classical economy is that the market economy is self regulating. The classical economists believe that an economy is always capable of achieving real GDP, that is GDP when resources are fully employed. And that, time to time, when GDP falls below or exceed the real GDP, the market economy has self-adjustment mechanisms to bring it back to the real GDP level. Classical economists believes in self regulating democracies and capitalistic market developments.

3 0

4 years ago

A natural monopolya. exists when many sellers experience lower average total costs than potentialcompetitors do.b. exists when a

liq [111]

Answer:

e. exists when a single seller experiences lower average total costs than any potential competitor.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public water supply company is an example of a monopoly because they serve as the only source of water provider to the general public in a society.

A natural monopoly exists when a single seller experiences lower average total costs than any potential competitor because of the very high start-up or initial cost and economy of scale.

8 0

3 years ago

Describe personal selling. Personal selling is direct communication between a sales representative and one or more prospective b

ELEN [110]

Explanation:

5.1 Discuss the role of personal selling in promoting products. What advantages does personal selling offer over other forms of promotion?

Personal selling is a traditional sales method that consists of a more personalized service and a more efficient product promotion compared to other forms of promotion. This is due to the fact that, in a personal sale, there is the direct influence of the seller to explain the functionalities and characteristics of a product, which is usually done using sales and negotiation techniques that directly influence the buyer to feel the need for the product that is being promoted. The advantages of personal selling as opposed to other types of promotion, is the possibility of reducing the time and effort of purchase, since in this type of sale, the seller goes to the customer to offer the product.

5.2 What are the major advantages of personal selling to the company selling a product? What are the advantages to the person or company buying the product?

The biggest advantages of personal selling for the company that sells a product is the greater possibility of having a closed purchase, since the potential sales are made with your potential customers. There is also a decrease with other types of product promotion, which can be costly, such as advertising an advertisement on television, and which may not generate the expected goal of increasing product sales.

The advantages for the person or company that buys the product is the possibility of knowing and seeing the functionality of the product before purchasing and the possibility of negotiating and providing meaningful feedback, which can influence the seller to make the sales proposal more flexible by making it more attractive to the customer. Personal selling also creates value for the customer, as the service is personalized, based on their profile, characteristics, desires and needs.

7 0

3 years ago