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3 years ago

Which of the following is a product that is considered a commodity?

Business

2 answers:

Masteriza [31]3 years ago

8 0

I am 100% sure that it is low grade gasoline... I used Google to help find the answer.

Veronika [31]3 years ago

5 0

Out of the following choices, low grade gasoline is a product that is considered a commodity. The lower grades of gasoline are more affordable for people to buy.

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A real estate broker takes an exclusive right to sell listing from a seller for $400,000. A buyer makes an offer for $375,000, w

LuckyWell [14K]

Answer:

Based on this information, the purchase contract is probably <u>Void/Voidable</u> under the Truth in Lending Act (TILA) of 1968 is a United States

5 0

3 years ago

Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the y

MrMuchimi

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The total factory overhead for Bardot Marine Company is budgeted for the year at $664,125, divided into two departments:

Fabrication, $406,875

Assembly, $257,250.

The speedboats require three direct labor hours in Fabrication and three direct labor hours in Assembly.

The bass boats require two direct labor hours in Fabrication and three direct labor hours in Assembly.

Each product is budgeted for 3,500 units of production for the year.

A) Budgeted direct labor hours:

Fabrication:

Speedboats= 3500*3= 10500 hours

Bass boats= 3500*2= 7000 hours

Total= 17,500

Assembly:

Speedboats= 3500*3= 10500 hours

Bass boats= 3500*3= 10500 hours

Total= 21,000 hours

B) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Fabrication= 406875/17500= $23.25 per direct labor hour

Assembly= 257250/21000= $12.25

C) Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH Fabrication= 23.25*5 + 12.25*6= $189.75 per unit

3 0

3 years ago

The VP of Marketing directs you to begin looking at markets for Powerfully Fit's products: "Assuming that we focus on the desire

yawa3891 [41]

Options:

a) Gym Newbie: This largest market is new to fitness and working out. Gym newbies work out once a week and are price sensitive about their fitness spending.

b) Weekend Warriors: This large market works out 2-3 times a week and mixes up running with gym time. Weekend warriors typically purchase mid-level shoes and apparel and use a fitness app on their phone to track their workouts.

c) Marathon Madness: This mid-size market works out daily. Workouts often include long distance runs. Quality, durable products are attractive to this market, and marathoners are willing to pay premium prices to get the latest tech.

Answer:

Explanation:

The VP of Marketing has directed you to search for a target market that values fitness technology functionality and are willing to pay for it. Gym newbies and weekend warriors might value the functionality but can get similar products at a lower costs since their needs are very basic.

You need people that workout constantly and for long periods of time. This type of clients really need high quality and durable products, so they are willing to pay for them. These guys and girls are not going to go around running and watching their cellphones, they are trying to improve their performance, not to worsen it. They are constantly looking for ways to be better athletes and train harder, and any help they can get is very valuable for them.

4 0

3 years ago

Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10

ser-zykov [4K]

Answer:

Explanation:

Earning per share = Net income/ Total Stock

Earning per share = 401000/26700

Earning per share = 15.019

Price earning = price per share/EPS

Price earning = 33.5/15.019

Price earning = 2.23

6 0

2 years ago

Luke's Express Diner is the only place that sells burgers in a remote town in Arizona. As one of the long-time residents of the

erma4kov [3.2K]

Answer:

The local government issues a limited number of restaurant licenses every year. (A)

Explanation:

Bertha claims that the burgers sold by Luke's Express Diner are priced a bit too high, because they enjoy monopoly power in the town; hence with the local government issuance of a limited number of restaurant licenses every year, this will break the monopoly that Luke's Express Dinner enjoy, thus weakening Bertha's arguments.

3 0

2 years ago