All categories

3 years ago

For purposes of decision making, avoidable costs are costs that:

1 answer:

6 0

Avoidable cost refers to variable costs that can be avoided. It is a cost that can be foregone by not partaking in or no longer performing an activity that will lead to incurring said cost.For example, a business organization looking for methods to reduce or eliminate expenses often analyze the avoidable costs associated with the project.

You might be interested in

Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly

son4ous [18]

Answer:

The optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments is the contract.

Explanation:

The contract is signed between the seller and the buyer, and establishes formal and legal terms, and agreed responsabilities. The primary advantages are that firms and buyers are allowed to focus in producing and getting what they need as contracts are used for tangible goods and for rendered services, reducing the opportunistic behaviour and underinvestment.

The CONASUPO, mexican government office, signed a contract with the mexican ranch owners to get all their milk production at low prices to feed the thousands of low income families.

3 0

3 years ago

Read 2 more answers

Prepare the issuer's journal entry for each of the following separate transactions.

jeka57 [31]

Answer:

March 1

Debit : Cash $318,500

Credit : Common Stock $198,000

Credit : Excess of Par $120,500

Being Issue of Par value Shares for $318,500 cash

April 1

Debit : Cash $84,000

Credit : Common Stock $84,000

Being Issue of no Par value shares for $84,000 cash

April 6

Debit : Inventory $53,000

Debit : Note Receivable $103,000

Credit : Common Stock $68,000

Credit : Excess of Par $88,000

Being Issue of Par value Shares for Inventory and Note Receivable

Explanation:

Note: We are instructed to prepare journals from the issuer`s point of view and this needs to be followed.

When shares are issued, the Common Stock increases :

a. For par value Common Stocks, any price paid in excess of par value is accounted in Excess of Par Reserve.

b. For no par value shares, there is no Excess of Par Reserve, we simply record the increase in Common Stock at the price paid for.

3 0

3 years ago

Quarter Real GDP (billions of dollars) Long-Run Trend of Real GDP (billions of dollars) 1 4,000 4,000 2 4,160 4,120 3 4,326 4,24

bekas [8.4K]

Answer:

Explanation:

As per given data

Quarter Real GDP ($billions) Long-Run Trend of Real GDP ($billions)

1 4,000 4,000

2 4,160 4,120

3 4,326 4,244

4 4,413 4,371

5 4,501 4,502

6 4,591 4,637

7 4,499 4,776

8 4,409 4,919

9 4,673 5,067

10 4,954 5,219

11 5,252 5,376

12 5,376 5,537

Growth of GDP = (DGP of Current/recent period - GDP of Prior period) / DGP of Prior period

In this question prior period is quarter 10 and current /recent period is quarter 11.

So, formula will be

Growth of GDP = (DGP of quarter 11 - GDP of quarter 10) / GDP of quarter 10

As we need to calculate the real GDP growth the formula will be as follow

Growth of real GDP = (Real DGP of quarter 11 - Real GDP of quarter 10) / Real GDP of quarter 10

Growth of real GDP = ($5,252 billion - $4,954 billion) / $4,954 billion

Growth of real GDP = $298 billion / $4,954 billion

Growth of real GDP = 6.02% = 6%

3 0

3 years ago

Why is producing a high quality product important to rolls royce ?

Mashcka [7]

Answer:

So the buyer wants the car.

Explanation:

Many people buy a rolls royce due to the high quality and they are on the knowledge that it is manufactured with high quality.

7 0

3 years ago

Select the law that determines if the strategy is legal or illegal. 1. WCG agrees with its cell plan competitors to raise prices

Llana [10]

Answer:

The given laws for each are as follows:

Explanation:

1. WCG agrees with its cell plan competitors to raise prices for all customers - Sherman Antitrust Act

2. WCG colludes with another company to stop offering family plan discounts - Sherman Antitrust Act

3. WCG decides to advertise a new plan that is 75 percent off the regular plan, even though it is only 20 percent less - Wheeler-Lea Act

4. WCG promises retail consumers a "wholesale" rate, even though it is the same price as always - Wheeler-Lea Act

5. WCG wants to attract more women to its plans and starts offering female consumers 30 percent off their bill - Robinson-Patman Act

6. WCG offers a discount to teenage males in an effort to get customers from its more trendy competitor - Robinson-Patman Act

5 0

3 years ago