<u>Given:</u>
Cost of books sold up-to-date = $141.002
Sales quota = $194.159
Expectation = $15.005
<u>To find:</u>
Sales to be done at Munroe college if the expected sales has been accomplished.
<u>Solution:</u>
To calculate the sales to be done we have to subtract the cost of books sold up-to-date and expectation from the sales quota. That is,
Therefore, the sales to be done at Munroe college is $38.152.
Answer:
D. may be legal if the firm can prove that different prices were set based on different costs.
Explanation:
The competition and consumer act seeks to prevent unfair price discrimination by ensuring that sellers offer the same price terms to customers at a given level of trade. However , price discrimination is allowed if the seller can prove that its costs are different when selling to different customers.
Gathering information is the right answer C
Option B, The predetermined overhead allocation rate is based on actual costs.
Explanation:
The term "pre-set overall rate" refers to the allocation rate at the outset of a project, which is based on the expected cost of overhead output for a certain reporting period.
This rate is often used to make book closure quicker as it eliminates estimation of real overhead costs as part of the closing process at the end of the period. Nevertheless, at least at the end of every fiscal year, the disparity between the real and expected overhead sums must be reconciled.
The predetermined rate is derived by calculation as follows:
Estimated amount of manufacturing overhead to be incurred in the period ÷ Estimated allocation base for the period
Answer:
c. Alcohol consumption decreases, whereas the alcohol market price increases if the tax is placed on the sellers or decreases if the tax is placed on the buyers.
Explanation:
Elastic demand is the situation that when the price of a good goes up the quantity demanded reduces. Since alcohol demand and supply are both elastic, If commodity tax is imposed on sellers then they decrease the supply and increase the price of alcohol. The increased price of alcohol will make buyers buy less of alcohol thereby reducing the consumption of alcohol.
