Answer:
Gross profit $83,000
Explanation:
The computation of the gross profit is as follows:
Sales (18,000 units × $13) $234,000
Less: Material
(14,500 × $2) -$29,000
(18,000 - 14,500) × $4 -$14,000
Less; labor
(14,500 × $4) -$58,000
(18,000 - 14,500) × $4 -$14,000
Less: Overhead
(14,500 × $2) -$29,000
(18,000 - 14,500) × $2 -$7,000
Gross profit $83,000
Answer:
A. business plan.
Explanation:
A business plan is a detailed written document you do to plan how you're going to make your business work, it includes components like marketing, operational and even financial viewpoint you'll need to cover in order to achieve a goal.
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Answer:
The correct answer is prices in the aggregate are rising, although some particular prices may be falling.
Explanation:
Inflation is a generalized increase in the prices of goods and services in an economy over a period of time.
Inflation exists when the prices of the whole goods and services of an economy increase steadily. That is, when the average price of all goods and services in a country goes up.
The price increase causes the loss of purchasing power of citizens. Or put another way, if there is inflation it means that with the same money we can buy less things than before.
Often it is said that inflation is good, but it is not that it is good in itself, but that although the prices of an economy rise, wages also tend to rise according to that price increase. Thus, in the end the purchasing power of citizens remains stable. It can be good, as long as it is stable and not very high, for the following reasons:
- The rise in prices helps reduce the value of debts, both from households, as well as from companies and the Government. This is because if there is inflation in an economy and our wages rise at the same rate, but the debt remains the same as before, the real value of the debt will be lower than before prices rose.
- The rise in prices also causes people to prefer to consume now instead of later, because then prices will be more expensive. This is fundamental so that money circulates and there is transmission of goods in an economy. It is the gear of capitalism.
Disadvantages of inflation
Its main drawbacks are:
- Loss of purchasing power: If the rise in wages is not at least equal to the rise in prices, the purchasing power will fall. We could be happy if we raise the salary by 10% in one year, but if inflation has been 20%, we can actually buy 10% less with that salary.
- Saving decreases: Inflation causes money to lose value, so it will motivate you to consume and spend money, instead of saving it, since if money is going to be worth less in the future, citizens and investors will prefer to spend it now.
Answer: 320 units
Explanation:
The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:
Total units completed= 160 units + 290 units = 450 units
Beginning WIP = 160 units
Ending WIP = 30 units
Equivalent units of production:
= 450 + 30 - 160
= 480 - 160
= 320 units
Answer:
D) downsloping because successive units of a specific product yield less and less extra utility.
Explanation:
The marginal utility curve is downsloping because successive units of a specific product yield less and less extra utility or benefits.
It gives the relationship between the utility derived from the consumption of an additional unit of a good and the quantity of the good consumed.