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3 years ago

What is the difference between supply and quantity supplied?

1 answer:

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Supply is the amount of goods and services that sellers will sell at a different price over a given period of time while is the quantity of a commodity that producers are willing to sell at a particular price at a particular point of time.

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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.9 pound

Stella [2.4K]

Answer:

Childress Company

Orders for K1 should be filled first.

Orders for G9 should be filled second.

Orders for S5 should be filled third.

Explanation:

a) Data and Calculations:

K1 S5 G9

Direct materials per unit (pounds) 4.9 2.4 5.4

Materials available for production = 58,400

Selling price $ 167.40 $ 99.28 $ 210.02

Variable costs 89.00 76.00 149.00

Contribution margin per unit $ 78.40 $ 23.28 $ 61.02

Contribution margin per pound $16 $9.70 $11.30

Orders for K1 should be filled first

Orders for G9 should be filled second

Orders for S5 should be filled third.

b) This order filling sequence will maximize the contribution margin per pound, ensuring the highest efficient use of the limited materials available for production.

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2 years ago

At year end, Rebos Company's financial statements showed sales of $820 million, net income of $425 million, total assets of

Dafna11 [192]

Answer:

total sales $820 million

net income $425 million

total assets $750 million

total liabilities $735

1.2 million outstanding common stocks

an offer was made to buy their assets at $742.5 million

company's book value per share:

= (total assets - total liabilities) / total number of outstanding common stocks

= ($750,000,000 - $735,000,000) / 1,200,000 = $12.50 per stock

company's liquidation value per share:

= (total offer - total liabilities) / total number of outstanding common stocks

= ($742,500,000 - $735,000,000) / 1,200,000 = $6.25 per stock

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3 years ago

On June 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 500, and transferred the costs to Finished Goods In

kherson [118]

Answer:

B. debit Cost of Goods Sold $ 4,500 and credit Finished Goods Inventory $ 4,500

Explanation:

The cost of goods sold will be 4,500 cost of the job 750

We are going to debit the cost of good sold for the amount it cost to make job 750

and credit the finished goods inventory as the amount of goods available for sale decreases.

When we sale we deliver an asset of ours (finished goods) thus, we have to make it decrease.

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3 years ago

According to the service marketing triangle, which of the following lists the types of marketing that must be successfully carri

natima [27]

Answer:

A. External, internal and interactive marketing

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2 years ago

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amou

valentina_108 [34]

Answer:

The journal entries required as at 30 September,2015 as well as the post-closing trial balance are hereby attached.

Explanation:

In preparing the journal entries, the golden rule of double of entry which opined that for every debit there must a corresponding credit and versa.

This implies each transaction event has two impacts in the books of accounts,as a result,both must be shown to ensure proper of keeping records and smooth accounting processes.

Download xlsx

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2 years ago