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3 years ago

The price of food is rising fast! how might this situation be handled in a…

1 answer:

4 0

A free market economy is when the prices of supply and demand are free from the government. Meaning they can charge whatever they want and the government has to say. So answering your question they can just charge less if they felt like it since they have free reins of the prices.

A command economy is the opposite whereas supply and demand prices are determined by the government and the government only. The government would probably not change the prices because the government sucks.

(A mixed economy is the best way to achieve that)

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Argus Finnian is a calculating, self-centred salesperson. He never engages in relationship marketing. He looks on any sales situ

Korolek [52]

Answer:

c. pre-conventional morality

Explanation:

Preconventional morality is the first stage of moral development according to Kohlberg's model of moral development. It is the stage in which the children decides according to the consequences the actions will bring to them. The consequences which the behavior may is on the primary focus. In the above case, Finnian gives attention to the result before taking any of the steps.

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3 years ago

Ralph Lauren: Accounts receivable turnover and number of days' sales in receivables Ralph Lauren Corporation designs, markets, a

SVETLANKA909090 [29]

MISSING INFORMATION:

concept // Year 2 // Year 1

Sales 7,620 7,450

Account Receivables 655 588

Answer:

Yes, there is. The days to collect increase by 4.16 to 29.77 from 26.61

Which is a bad sing as the company delays more to collect form their customers

Explanation:

Account Receivable turnover:

Average receivable:

(458 + 588 ) / 2 = 523

7,450 / 523 = 14.25

Days to collect: 365 / 14.25 = 25,61

Second Year:

Average receivable: (655 + 588) / 2 = 621.5

Turnover: 7,620 / 621.5 = 12.26

Days to collect: 365 / 12.26 = 29,77

29.77 - 25.61 = 4.16

6 0

3 years ago

A company has two products: A1 and B2. It uses activity-based costing and has prepared the following analysis showing budgeted c

lawyer [7]

Answer:

E $4.00

Explanation:

Calculation of the approximate overhead cost per unit of Product B2 under activity-based costing.

Calulation of the Activity 1 allocated to Product B2 line:

$48,000 × 4,800/6,000 = $38,400

Calculation of the Activity 2 allocated to Product B2 line:

$63,000 × 4,760/7,000 = $42,840

Calculation of the Activity 3 allocated to Product B2 line:

$80,000 × 800/8,000 = $8,000

Hence the Total overhead allocated to Product B2 will be :

$38,400+$42,840+$8,000

= $89,240

The Overhead per unit of Product B2 will be :

$89,240/22,310

= $4.00

Therefore the approximate overhead cost per unit of Product B2 under activity-based costing will be $4.00

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4 years ago

The Fabricating Department started the current month with a beginning Work in Process inventory of $11,200. During the month, it

SVETLANKA909090 [29]

Answer:

The ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

Explanation:

To determine Ending Balance of Work in Process Inventory, Prepare a Manufacturing Cost Statement.

Opening Work in Process Inventory $11,200

Add Cost Added During the Period :

Direct materials $77,200

Direct labor $25,200

Factory overhead ( $25,200 × 50%) $12,600

Total Manufacturing Costs $126,200

Less Transfer to Next Department ($115,000)

Closing Work in Process Inventory $11,200

Conclusion :

Therefore, the ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

6 0

3 years ago

Bleu Berri Farms had equity of $58,900 at the beginning of the year. During the year, the company earned net income of $8,200 an

Fittoniya [83]

Answer:

Owner's equity at year end would be $61,100

Explanation:

$58,900(Beginning equity) + $8,200 (Net income increases owner's equity) - $2,500 (This is paid out of retained earnings/owner's equity) - $3,500 ( A repurchase of stocks reduced owner's equity as cash would have been given to the shareholder for their equity) = $61,100

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3 years ago