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IrinaVladis [17]
3 years ago
8

Keithet Corp. is a manufacturing unit that produces construction materials out of plastic waste. Its product line ranges from pl

astic blocks, which can substitute bricks, to plastic nails for carpentry. Keithet Corp. illustrates _____.
Business
1 answer:
Virty [35]3 years ago
6 0

Answer:

Form Utility

Explanation:

Keithet Corp. is utilising the materials from the plastic waste. The utility is the process which is used for increasing the product attractiveness for the consumers through altering the physical appearance. This will involve making a product through converting it to a form which is beneficial to consumers. Therefore, the corp. uses the plastic blocks which is a substitute the bricks, to plastic nails for the carpentry.

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To be included in property, plant, and equipment, an asset must have all of the following except Group of answer choices a. the
tester [92]

Answer:

b. the asset must have an expected life of a normal operating cycle.

Explanation:

A current asset can be defined as all of the assets that are being owned by a company or business entity and are expected to be converted into their cash equivalent through sales or use within a period of one year of its date on the organization's balance sheet.

Hence, to be included in property, plant, and equipment, an asset must have all of the following;

I. The asset is expected or required to be held for use

II. It must be tangible in nature.

III. It is required to have an expected life of that is typically above a year.

6 0
3 years ago
A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t
n200080 [17]

Answer:

He will sell 600 pizzas per week if he cuts the price by 10%.

Explanation:

Price Elasticity of demand measure the responsiveness of demand to change in the price of a product. It calculates the ratio of change in demand and change in price.

Price elasticity of demand = % change in demand / % change in price

-2 = % change in demand / 10%

% Change in in demand = -2 x 10%

% Change in in demand = -20%

Following the law of demand as price decreases the demand of the product increases. So the sale of Pizzas will be increased by 20%.

Current Sale of Pizzas = 500 pizzas

Increase in sales  = 500 x 20% = 100 pizzas

Increased sale = 500 + 100 = 600 pizzas

7 0
3 years ago
An asset was purchased for​ $33,000 on January​ 1, 2019. The​ asset's estimated useful life was five​ years, and its residual va
Gekata [30.6K]

Answer:

loss of $1,200

Explanation:

Depreciation is the systematic allocation of cost to an asset. it is given as

Depreciation = (cost - salvage value)/useful life

When an asset is sold at an amount lower than its carrying or net book value, a loss on sale/disposal is recognized otherwise, a gain on disposal. The netbook value is the cost less accumulated depreciation.

Depreciation =  ($33,000 - $4,000)/5

= $5800

Netbook value at disposal = $33,000 - $5800

= $27,200

Gain/(loss) on disposal = $26,000 - $27,200

= ($1,200)

4 0
3 years ago
A​ ________ illustrates consumer views of brands versus those of competing products on important buying dimensions.
erma4kov [3.2K]
The answer is product's position. This involves the impression, perception, and feeling of the consumer to a product relative  to competing brands. It is also about positioning the product in the consumer minds and its ability to be differentiated from others. 
7 0
3 years ago
Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,4
Ann [662]

Answer:

1. Production budget for third quarter for skis - 162,500 skis

2. Direct materials budget for Carbon Fiber for quarter 3 - 323,000 pounds

   Cost of carbon Fiber purchases - $ 4,199,000

3. Direct Labor budget for quarter 3 - $ 1,462,500

4. Factory overhead budget for quarter 3 - $ 2,446,000

Explanation:

Computation of Production budget for quarter 3 for skis

Closing inventory- skis end of quarter 3                                   4,900 skis

Add: Sales for quarter 3 -  skis                                                164,000 skis

Less: Opening inventory - skis                                               <u>(    6,400)</u> skis  

Production for skis in units                                                      162,500 skis

Computation of direct material budget for quarter 3

Closing inventory Carbon fiber                                                  5,400 pounds

Add: Consumption of Carbon fiber in production    

162,500 skis * 2 pounds                                                         325,000 pounds                                        

Less: Closing inventory Carbon fiber                                   <u> (     7,400) </u>pounds

Direct Materials carbon Fiber Budgeted Purchases            323,000 pounds

Cost of Carbon Fiber Purchases ($ 13*323,000 pounds)    $ 4,199,000

Computation of direct labor budget for quarter 3

Production of skis for quarter 3                                                162,500 skis

Direct Labor hours per unit                                                        0.5 hours

Cost per Direct Labor Hours                                                      $ 18 per hour

Total Direct Labor Budget (162,500 skis* 0.5 hours * $ 18 )   $ 1,462,500

Computation of Factory overhead budget for quarter 3

Production of skis for quarter 3                                                162,500 skis

Variable costs $ 8 per labor hours ( 81,250 hours * $ 8)        $   650,000

Fixed overhead per quarter                                                      <u>$ 1,796,000</u>

Total overhead for quarter 3                                                    $ 2,446,000

5 0
3 years ago
Read 2 more answers
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