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3 years ago

In the game of economics,

Business

1 answer:

kirill [66]3 years ago

7 0

Answer:

Services

Explanation:

In the game of economics, services are actions that other people value. Services are something which people get and it helps to improve the utility level of a customer. Services are valued by people because it satisfies their needs and wants. Moreover, this is why people pay a lot of money to get better services because it plays an important to fulfil human wants.

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Abbe Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and

zepelin [54]

Answer:

Activity Rates are:

1 = $14.55 per activity

2 = $8.69 per activity

3 = $57.47 per activity

Cost per product

A = $32.2525

B= $34.7333

Explanation:

As for the provided information,

There are three activities.

Activity 1 = $17,460 and total = 1,200

Rate of activity = $17,460/1,200 = $14.55 per activity

Activity 2 = $19,987 and total activity = 2,300

Rate of activity = $19,987/2,300 = $8.69 per activity

Activity 3 = $29,884 and total activity = 520

Rate of activity = $29,884/520 = $57.47 per activity.

Costs of each product

Product A = ($14.55 $\times$ 600) + ($8.69 $\times$ 1,700) + ($57.47 $\times$ 40)

= $8,730 + $14,773 + $2,298

= $25,801

Cost per unit = $25,802/800 = $32.2525

Product B = ($14.55 $\times$ 600) + ($8.69 $\times$ 600) + ($57.47 $\times$ 120)

= $8,730 + $5,214 + $6,896

= $20,840

Cost per unit = $20,840/600 = $34.73

7 0

3 years ago

Disk City, Inc. is a retailer for digital video disks. The projected net income for the current year is $2,300,000 based on a sa

Marat540 [252]

Answer:

big dog

Explanation:

5 0

4 years ago

Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl

stira [4]

Answer:

1. Apple Stocks Dr. $75,000

Deferred Donation Income Cr. $75,000

2. Apple Stocks Dr. $1,500

Gain on Apple Stocks Cr. $1,500

3. Cash Dr. $ 76,000

Gain/Loss on Apple stocks Dr.$1,500

Apple Stocks Cr.$76,500

Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

2. When value of stocks increase, asset stock of apple also increase by differential amount.

3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.

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4 years ago

Journal Entries and Trial Balance

brilliants [131]

Answer:

Heavenly Realty Journal entries can be found in the attached file

Explanation:

Dr Bank with $25,000

Cr. Capital Stock with $25,000

(being Faith Schultz transferred cash in exchange for Capital stock)

Dr. Rental of Office & equipment with $4,510

Cr. Bank with $4,510

(Being Rental costs for Office and Equipment)

Dr. Supplies with $1,330

Cr. Accounts Payable with $1,330

(Being cost of purchased supplies)

Dr. Supplies Expense with $740

Cr. Supplies with $740

(Being cost of supplies used)

Dr Accounts Payable with $490

Cr. Bank with $490

(being payment to Creditors)

Dr. Cash with $20,500

Cr. Sales commission with $20,500

(Being Sales Commission received)

Dr. Automobile Expense with $1,250

Dr. Miscellaneous Expense with $840

Cr. Bank with $2,090

(being payment for automobile expense, rental charges & Miscellaneous expense)

Dr Office Salaries with $2,620

Cr. Bank with $2,620

(Being Payment for Office Salaries)

Dr Dividend with $1,210

Cr Bank with $1,210

(Being payment of Dividend)

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3 years ago

Company purchased $60,000 of Stanton Company’s 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its

ASHA 777 [7]

Answer:

d. $51,500

Explanation:

Proceed from sale of the bonds

face value x quote

50,000 x 103/100 = 51,500

The company will recognize a gain from the sale of 1,500 dollars as it sold the investment for 51,500 while it was valued at 50,000 in their books

5 0

3 years ago