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3 years ago

13

A(n) _____ is a characteristic that consumers may have difficulty assessing even after purchase because they do not have the nec

essary knowledge or experience.

1 answer:

pav-90 [236]3 years ago

3 0

Credence quality is the answer. Hope this helps. :)

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Naylor Company had $153,600 of net income in 2016 when the selling price per unit was $155, the variable costs per unit were $95

Shtirlitz [24]

Answer:

Units in 2016:

X=12,126.66 units≅12,127 units in 2016.

Units in 2017:

Y=13,166.667 units≅13,167 units in 2017.

Explanation:

Computing the number of units sold in 2016:

Net income in 2016=$153,600

Selling price per unit=$155

Variable cost per unit=$95

Fixed costs in 2016=$574,000

Let say number of units to be X:

Equation from above data:

$\$153,600=(\$155-\$95)X-\$574,000\\\$727,600=60X$

$X=\frac{\$727,600}{\$60}$

X=12,126.66 units≅12,127 units in 2016.

Computing the number of units sold in 2017:

Net Income in 2017=$153,600+$62,400

Net Income in 2017=$216,000

Selling price per unit=$155

Variable cost per unit=$95

Fixed costs in 2017=$574,000

Let say number of units to be Y:

Equation from above data:

$\$216,000=(\$155-\$95)Y-\$574,000\\\$790000=60Y$

$Y=\frac{\$790000}{\$60}$

Y=13,166.667 units≅13,167 units in 2017.

8 0

4 years ago

Which term refers to organizations that are departmentalized by the nature of the work being performed is called functional prod

kompoz [17]

Answer:

Functional Departmentalization

Explanation:

Functional departmentalization can be termed as the type of departmentalization in which departments of an organisations are separated from one another on the basis of work, tasks and function carried out by them.

For example: Production department, Human Resource Management department, Marketing department, finance department, Procurement department, Production department etc. Each and every department is specialized in performing and carrying out the tasks related to its core assigned functions and tasks.

7 0

4 years ago

Workplace Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of

mash [69]

Answer: Please refer to Explanation

Explanation:

Jul 1

DR Cash (400,000 * 7) $2,800,000

CR Common Stock $2,800,000

(To record common stock issued)

July 1

DR Organisation Expense (1,000*7) $7,000

CR Common Stock $7,000

(To record Common Stock Issue)

Aug 7

DR Land $250,000

DR Building $400,000

DR Equipment $70,000

CR Common Stock $560,000

CR Paid in capital excess of par value - Common stock $160,000

( To record Exchange of common stock for PPE)

Sep 20

DR Cash (25,000 * 44) $1,100,000

CR Preferred Stock (25,000*40) $1,000,000

Paid in Excess Capital of Par Value Preferred Shares $100,000

(To record issue of Preference Shares)

If you need any clarification do comment.

8 0

3 years ago

The indifference curve of a good and garbage are positively sloped true or false and explain

andreev551 [17]

Asdfsffvfhjyfvbgddxd

4 0

3 years ago

Read 2 more answers

As of December 31, year 2, a company has an inventory item that was originally purchased for $80 in year 1. The inventory item w

Naily [24]

The net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.

<h3>What is net realizable value under IFRS?</h3>

Under the IFRS, inventories should be stated at the lower of cost and net realizable value. The net realizable value equals the selling price less the estimated costs of sale.

<h3>Data and Calculations:</h3>

Inventory purchase cost = $80

Net realizable value in year 1 = $60

Net realizable value in year 2 = $75

Replacement cost = $65

Normal profit margins = 20%

Thus, the net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.

Learn more about net realizable value at brainly.com/question/794345

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2 years ago