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3 years ago

The manufacturing cost of Calico Industries for three months of the year are provided below:

Business

1 answer:

Delvig [45]3 years ago

4 0

Answer:

b. $0.40 per unit and $8,000

Explanation:

High low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.

According to High low method

Variable cost per unit = ( Highest activity cost - Lowest activity cost ) / ( Highest Activity - Lowest activity )

Variable cost per unit = ( $120,000 - $74,000 ) / ( 280,000 - 165,000 )

Variable cost per unit = $46,000 / 115,000

Variable cost per unit = $0.4

Fixed operating cost = Total cost - Total Variable cost = $120,000 - ( 280,000 x $0.4 ) = $8,000

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Under market organization, individuals can communicate their preferences to other decision makers directly, through communicatio

salantis [7]

Answer:

B) False

Explanation:

The way the transaction takes place on the market is the Market Organization. Over time it's determined by a combination of factors: chance events (e.g., technical innovations, locations), financial and physical limitations (transaction costs, intelligence cost, manufacturing costs)etc.

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3 years ago

Category killers compete primarily on the basis of a. low prices and enormous product availability. b. enormous product selectio

kumpel [21]

Answer:

A. Low prices and enormous product availability.

Explanation:

This is a chain of retail stores or a retail outlet that sells different kinds of goods or products that in a way that seems cheap and affordable to consumers. They also look and facilitate quick form of buying and selling. Their main goal stands primarily on cheap, fast enormous sales of the product.

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3 years ago

Cook Co. determined that the net value of its accounts receivable at December 31, 20X4, based on an aging of the receivables, wa

Ksenya-84 [330]

Answer:

$9,000

Explanation:

Bad Debts Written off $22,000

Uncollectible accounts-recovered $(8,000)

Allowance for doubtful accounts reversed

(opening-closing $40,000-$35,000*) ($5,000)

Bad Debt Expense for the year $9,000

*270,000-235,000 =35,000

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3 years ago

1. _______ Allen was driving home when a deer jumped out. The deer damaged his truck.

kow [346]

Answer:

Matching Situation with appropriate term:

1. _c. Collision __ Allen was driving home when a deer jumped out. The deer damaged his truck.

2. _n. Property Damage Liability _ A lightning strike at Troy’s home damages his TV and DVD player.

3. _h. Insurance Company/Insurer _ ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt.

4. _p. Risk management _ Adam’s job is deciding if the insurer will accept a risk and what the cost will be.

5. __o. Renter’s __ Amy decides not to purchase a new car because insurance is so expensive.

6. __m. Premium _ Bill is paid for a collision claim based on the book value of his vehicle.

7. __i. Insurance fraud _ Cheetum’s Body Shop padded the repair bill for Chris’s pick up.

8. _b. Bodily Injury Liability _ Janet hit a car and someone was hurt. This covers the medical expenses.

9. _r. Uninsured and Underinsured Motorist _ Keith let the auto insurance policy lapse. Keith rear-ended Ann’s truck today.

10. _d. Comprehensive _ Missy owes for damage to John’s car because she hit him while talking on her cell.

11. _m. Premium_ Monica’s life insurance costs more but includes a savings component.

12. _s. Whole Life__ Pat insures his business partner, Chuck, with a $1 million life insurance policy.

13. __m. Premium__ Rob gets a bill in the mail from ABC Insurance Company for $125.

14. __h. Insurance Company/Insurer _ Ross contacted this business when he had an automobile accident.

15. _n. Property Damage Liability _ Tammy hit a telephone pole and did over $2000 damage to her car.

16. _e. Financial Responsibility Law __ This requires Joe to buy liability insurance prior to getting a license plate.

17. __l. Medical Payments __ Thomas shut the trunk on his thumb and went to the emergency room.

18. __i. Insurance fraud_ Tony and Chris staged an auto accident to collect claim benefits.

19. _n. Property Damage Liability_ Wanda’s car was damaged by hail during a storm.

20. _b. Bodily Injury Liability_ An ambulance transported Melanie to the hospital after the other car crossed the center line and caused a wreck.

Explanation:

Appropriate terms:

a. Actual Cash Value

b. Bodily Injury Liability

c. Collision

d. Comprehensive

e. Financial Responsibility Law

f. Homeowner’s

g. Insurable Interest

h. Insurance Company/Insurer

i. Insurance fraud

j. Insured

k. Joint Insurance

l. Medical Payments

m. Premium

n. Property Damage Liability

o. Renter’s

p. Risk management

q. Underwriter

r. Uninsured and Underinsured Motorist

s. Whole Life

4 0

3 years ago

What are 2 types of goods/services that lends themselves well to non-price competition?

Luden [163]

<h2>Answer:Non-price competition typically involves promotional expenditures (such as advertising, selling staff, the locations convenience, sales promotions, coupons, special orders, or free gifts), marketing research, new product development, and brand management costs.</h2>

Explanation:

4 0

3 years ago