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3 years ago

For most automobile manufacturers, what happens to the elasticity of supply over time?

1 answer:

3 0

For most automobile manufacturers, the elasticity of supply over time REMAINS THE SAME.
Automobile manufacturing takes time, it may take an automobile company several months to years before it can switch from constructing one type of car to another type. Such a company will have relatively inelastic supply in the long run compared to other products whose production process can be easily changed.

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While shopping for back-to-school clothes, Josie uses apps on her smartphone to comparison shop, and to obtain coupons and fashi

MatroZZZ [7]

Answer:

The correct option is

D : Technological

Explanation:

Technology such as information and communication technology or ICT has made a significant impact in the marketing environment as it can be used to fetch relevant information regarding price and other information relevant before a purchase order is made.

4 0

4 years ago

Net capital spending: Multiple Choice is equal to ending net fixed assets minus beginning net fixed assets. is equal to zero if

seropon [69]

Answer:

Is equal to zero if the decrease in the net fixed assets is equal to the depreciation expense

Explanation:

Net capital spending in domain of finance can be regarded as net amount that is been spent by a firm for the purpose of acquiring fixed assets at a particular period of time, this gives indication regards the growth of that fixed assets of that particular company. During the expansion phase there is usually high amount of net capital spending. It should be noted that Net capital spending Is equal to zero if the decrease in the net fixed assets is equal to the depreciation expense

3 0

3 years ago

Job 412 was one of the many jobs started and completed during the year. The job required $9,500 in direct materials and 35 hours

forsale [732]

Answer:

The appropriate answer is "$8,457,50".

Explanation:

The given values are:

Direct material cost,

= $9,500

Direct labor cost,

= $10,400

Units completed in job 412,

= 4

Now,

The total cost for completion of job 412 will be:

= $Direct \ materials \ cost + Direct \ labor \ costs$

On substituting the values, we get

= $9,500 + 10,400$

= $19,900$ ($)

Unit produced cost will be:

= $\frac{19,900}{4}$

= $4,975$ ($)

70% of unit produced cost will be the profit margin, then

= $70 \ percent\times 4,975$

= $3,482.50$ ($)

hence,

The price charged to the customer will be:

= $Unit \ product \ cost + Profit \ margin$

On substituting the values, we get

= $4,975 + 3,482.50$

= $8,457,50$ ($)

3 0

3 years ago

Selected account balances for the year ended December 31 are provided below for B-Fun Company:

mezya [45]

Question Completion:

Assume that the dollar amounts given above are for the equivalent of 40,000 units produced/sold during the year.

Answer:

B-Fun Company

a. The average cost per unit for direct materials = $8.00

b. The total cost to be incurred for direct materials = $400,000

Explanation:

a) Data and Calculations:

Selling and administrative salaries = $110,000

Purchase of raw materials = $290,000

Direct labor = ?

Advertising expense = $80,000

Manufacturing overhead = $270,000

Sales Commissions = $50,000

Inventory balances:

Raw materials $40,000 $10,000

Work in process ? $35,000

Finished goods $50,000 ?

Total manufacturing costs = $683,000

Goods available for sale = $740,000

Cost of goods sold = $660,000

1. Ending inventory of finished goods:

Beginning inventory $50,000

Cost of manufacturing 683,000

Cost of goods sold (660,000)

Ending inventory $73,000

2. Cost of raw materials:

Beginning inventory = $40,000

Purchases 290,000

less Ending inventory (10,000)

Cost of raw materials $320,000

3. Direct labor:

Cost of manufacturing = $683,000

cost of raw materials (320,000)

manufacturing overhead (270,000)

Direct labor $93,000

4. Beginning work in process:

Ending work in process = $35,000

Cost of manufacturing 683,000

Less: Direct labor (93,000)

Manuf. overhead (270,000)

Direct materials (320,000)

Beginning work in process $35,000

Current Following

Year Year

Raw materials:

Average cost per unit $8.00 $8.00

Units of materials 40,000 50,000

Total cost $320,000 $400,000

Average cost per unit = Total materials cost/Units of materials

= $320,000/40,000 = $8

Total manufacturing cost for the following year = $8 x 50,000 units

= $400,000

3 0

3 years ago

On December 31, 2020, Blossom Inc. has a machine with a book value of $1,034,000. The original cost and related accumulated depr

dangina [55]

Answer:

Loss on Fire 280,720 debit

Acc depreciation 506,000 debit

Cash 643,280 debit

Equipment 1,430,000 credit

Acc depreciation 526,000 debit

Cash 1,555,480 debit

Equipment 1,430,000 credit

Gain at disposal 608,480 credit

charitable contribution 1,645,600 debit

accumulated depreciation 500,500 debit

equipment 1,430,000 credit

gain on disposal 716,100 credit

<u>Questions</u>

A Fire completely destroys the machine on August 31, 2021. An insurance settlement of $643,280 was received for this casualty. Assume the settlement was received immediately.

B On April 1, 2021, Tritt sold the machine for $1,555,840 to Dwight Yoakam Company.

C On July 31, 2021, the company donated this machine to the Mountain King City Council. The fair value of the machine at the time of the donation was estimated to be $1,645,600.

Explanation:

In all cases, the company will write-off the equipment and acc depreciation

A.-

complete depreciation for 2020: 66,000

depreciation until August 31th: 66,000 x 8/12 = 44,000

Total depreciation 104,000

book value 1,034,000 - 104,000 = 924,000

loss: 924,000 - 643,280 = 280,72‬0

complete depreciation for 2020: 66,000

depreciation until April 31th: 66,000 x 4/12 = 22,000

Total depreciation 88,000

book value 1,034,000 - 88,000 = 946,000

1,555,480 - 946,000 = 608,480

complete depreciation for 2020: 66,000

depreciation until July 31th: 66,000 x 7/12 = 38,500

Total depreciation 104,500

book value 1,034,000 - 104,500 = 929,500

gain: 1,645,600 - 929,500 = 716.100

3 0

3 years ago