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NISA [10]
4 years ago
6

Trust Construction builds custom houses for individual buyers. On April 1, it had one job, started with a beginning Work-in-Proc

ess of $70,000. During April the job was finished and sold. Direct labor for the job in April was $90,000 and direct materials used were $66,000. Overhead is computed at a rate of 55% of direct labor. There is a markup of 40% on all sales. What was the selling price of the house?
Business
1 answer:
RideAnS [48]4 years ago
7 0

Answer:

$385,700

Explanation:

Based on the information provided within the question we can say that the selling price of the house was that of $385,700 . This can be calculated by adding up all the prices provided plus the direct labor and markup like so.

Direct Labor: $90,000 * 0.55 = $49,500

Markup: 40% / 100 = 0.40 (percent to decimal) + 1 (to make it as an additional value) = 1.40

Price Before Markup: $70,000 + $90,000 + $66,000 + $49,500 = $275,500

Adding Markup: $275,500 * 1.40 = $385,700

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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To reduce the effects of crowding out caused by an increase in government expenditures, the Federal Reserve could
Alexxandr [17]

Answer:

D) Increase the money supply by buying government securities

Explanation:

When public investment crowds out private investment, it is because the government is making use of all, or most of the supply of loanable funds in the economy. This causes the interest rates to rise, making it more expensive for the private sector to borrow and invest.

The Central Bank can step in and help solve this problem by lowering the interest rate. It can do so by buying government securities. The money used to buy these securities enters the economy, making the money supply grow, including the supply of loanable funds, causing the interest rate to fall.

8 0
3 years ago
_______ has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buy
Hoochie [10]

Global market segmentation has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buying behavior.

<h3><u>Explanation:</u></h3>

The process involved in the identification of a particular segment of customers to sell the products refers to the Global Market Segmentation. Those customers of the groups that has the nature of similar behavior in buying of certain products will be grouped together under this process.

The people in the identified group will have the same purchasing behavior. Thus, when the customers of similar buying behaviors are grouped then the targeting process of the business will become easier. Fir example if you are manufacturing chocolates then it will be easier to target on;ly children and the adults.

8 0
4 years ago
Concord Company sells merchandise on account for $5700 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company retur
Anna71 [15]

Answer:

The right solution is Option b ($4606 ).

Explanation:

The given values are:

Company sells merchandise,

= $5700

Company returns,

= $1000

Now,

The amount of the check will be:

= (5700-1000)\times 98 \ percent

= (5700-1000)\times 0.98

= 4700\times 0.98

= 4606 ($)

6 0
3 years ago
Which scenario best reflects the relationship between production and demand in a recession?
Zarrin [17]

Answer:

C. Car dealerships cannot sell their stock

There are four scenarios as following:

a.) Car dealerships have minimal overstock.

b.) Car dealerships are not restocking.  

c.) Car dealerships cannot sell their stock.

d.) Car dealerships cannot obtain stock.

=> The answer is C

Explanation:

Recession is the term used to describe the situation when a country suffer from the negative economic growth (indicated in the negative GDP growth rate).

The recession is considered the result of the economic downfall of that country, resulting in the decrease in capital inflow, slowing down the production and increasing the unemployment rate in that country. Consequently, the wage of people there would decrease, lowing their consumption. So that with lower demand and level of expense of the market, the <u><em>car dealerships cannot sell their stock. </em></u>

8 0
3 years ago
Read 2 more answers
The financial statements of Walgreen Co. reported the following information (in millions): Year 2 Year 1 Cost of sales $51,098 $
ss7ja [257]

Answer:

49.6 days

Explanation:

The average inventory days outstanding is an example of an activity ratio. Activity ratios measures the efficiency with which comapnies carry out their daily tasks

The average inventory days outstanding = number of days in a period / inventory turnover

inventory turnover = cost of goods sold / average inventory

Average inventory = (6,852 + 7,036 ) / 2 = 6944

$51,098/ 6944 = 7.365

365/  7.365= 49.6 days

5 0
3 years ago
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