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3 years ago

Why does the family have such a powerful impact as an agent of socialization?

Business

1 answer:

lakkis [162]3 years ago

7 0

Because the offsprings spends nearly 30% of their life around them especially in the early stages

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Petrenko Corporation has outstanding 2,000 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bond

cricket20 [7]

Explanation:

The Journal entry is given below :-

Bonds payable $2,000,000

To common stock $1,000,000

To Discount on common stock $30,000

To Paid in capital $970,000

The calculation of bonds payable, common stock is below:-

For bonds payable

= 2,000 × $1,000

= $2,000,000

For common stock

= 2,000 × 50 × $10

= $1,000,000

For paid in capital

= $2,000,000 - ($1,000,000 - $30,000)

= $970,000

4 0

3 years ago

Consider a firm with only one variable input, labor. Firm output is zero when labor is zero. When the firm hires 6 workers the f

Charra [1.4K]

Answer:

$0.808

Explanation:

Given:

Number of workers hired = 6

Number of units to be produced = 90

Fixed cost of the product = $6 per unit

Variable cost = $10 per unit

Marginal product of the 7th unit of labor = 4

Now,

Total variable cost = Variable cost per unit labor × Total labor hired

The total variable cost = $10 × 7 = $70

Thus,

The total cost = Fixed cost + Total variable cost

The total cost = $6 + $70 = $76

Now,

the total units produced

= Unit produced by 6 labor + marginal product from seventh labor

The total units produced = 90 + 4 = 94

Hence,

the average variable cost of production when the firm hires 7 workers

= $\frac{\textup{Total cost of production}}{\textup{Total units produced}}$

= $\frac{76}{94}$

= $0.808

6 0

3 years ago

Read 2 more answers

If ticket prices were decreased by 10%, passenger flights would increase by 25%. However, total variable costs would increase by

mrs_skeptik [129]

Answer:

Net income will remain same.

Explanation:

Net income is no change in net income because the sales is increase as the price of decreased. Net impact is zero.

For Example:

Price = 100

Variable cost = 50

Flights = 100

Net income = (100-50) x 100 = $5,000

Revised Calculation

Price = 100 x 90% = $90

Variable cost = 50

Flights = 100 x 125% = 125

Net income = (90-50) x 125 = $5,000

There is no change in the net income.

7 0

4 years ago

Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 395 units.

Sergeu [11.5K]

Answer:

77.48 units

Explanation:

Data provided in the questions

Annual demand = 395 units

Ordering cost = $38

Holding cost per unit per year = $5

The computation of the economic order quantity is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{395}\times \text{\$38}}{\text{\$5}}}$

= 77.48 units

hence, the economic order quantity is 77.48 units

We simply applied the above formula so that approximate units could come. And it always expressed in units

8 0

3 years ago

If the allocation base in the pre-determined overhead rate does not drive overhead costs, it will nevertheless provide reasonabl

navik [9.2K]

Answer:

B. False

Explanation:

The production costs are the cost that is involved in the formation of a product and they include the direct labor and material and the consumer production supplies and the factory overhead.

The production cost can also be also to be considered to be the cost of the labor that is delivered to a service to the consumer. The overhead cost includes the insurance, the interest, and the legal fees, and does not involve an averaging process.

4 0

4 years ago