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MA_775_DIABLO [31]
3 years ago
12

To determine the production level, the monopolist sets marginal cost equal to price.

Business
1 answer:
Vlad1618 [11]3 years ago
6 0
Your answer is false.
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What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst
Jlenok [28]

Answer:

(d) Manufacturing Overhead $8,000 Raw Materials $8,000

Explanation:

This will be an spending associate with the actual overhead.

These materials are indirect, so it should go in the factory overhead account.

They are not associate with any job in particular, so it cannot be capitalize through work in process.

8 0
3 years ago
Enok, a prospective franchise owner, is looking to keep his monthly costs as low as possible. The franchisor he is checking out
slamgirl [31]

Answer:

Option (3) is correct.

Explanation:

Given that,

Enok, a prospective franchise owner,

Royalty payments = 8 percent of sales could be as high as $300,000 per month

Therefore, the franchiser is claiming that a franchisee can expect monthly sales to be as high as:

= $300,000 × (100 ÷ 8)

= $300,000 × 12.5

= $3,750,000

Option (3) is correct.

4 0
3 years ago
Listed below in scrambled order are 11 income statement categories. Rank these categories below in the order they should appear
Lady bird [3.3K]

Answer:

1. Sales Revenue

Always first in an Income Statement.

2. Cost of Goods Sold

Subtracted from Revenue to find Gross Profit.

3. Gross Profit on Sales

Profit net of Cost of Goods sold.

4. Operating expenses

Expenses from the company's operations including wages and depreciation. Subtracted from Gross Profit to find Operating income.

5. Income from operations

Gross profit net of operating expenses.

6. Other revenues and gains

Added to Operating Income.

7. Income from continuing operations before income taxes

8. Income taxes

Subtracted to find income from continuing operations.

9.  Income from continuing operations

10. Discontinued operations

Income from divisions and activities that have been discontinued.

11. Net Income

3 0
3 years ago
Job ____ refers to giving an employee more tasks to do at one time; job _____ refers to giving an employee the same number of ta
Artist 52 [7]

Answer:

<u>enlargement</u>, <u>rotation</u>, <u>enrichment</u>

Explanation:

Job enlargement raises the scope of a job position by addition of extra tasks and responsibilities within the same level and department. Such an activity makes a job position more challenging.

Job rotation refers to shifting of employees from one task to another in the same department. Job rotation is aimed at breaking the monotony associated w.r,t performing the same task on routine basis.

Job enrichment is aimed at providing better satisfaction to an employee related to his work. It usually includes assignment of those responsibilities which are reserved for superior levels.

6 0
3 years ago
Anstead Co. is experiencing a decrease in sales and operating income for the fiscal year ending October 31, 2014. Ryan Frazier,
Sergeu [11.5K]

Answer:

Yes, Ryan Frazier is behaving in a professional manner.

Explanation:

Yes, Ryan Frazier is behaving in a ethical and professional manner because the company is following FOB point method when shipping goods it customers due to the fact that Ryan Frazier, controller of Anstead Co., has suggested that all orders received before the end of the fiscal year be shipped by midnight as the company follows merchandise FOB shipping points the company should go ahead and record the sales in the current year Octocber 31st due to the fact that FOB shipping point means that the buyer pays all cost incurred for the delivery of the goods once the goods has left the suppliers warehouse which makes the buyer to becomes the owner of the goods in transit when the goods are been shipped by the seller.

6 0
3 years ago
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