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3 years ago

When the price of gas goes up and the demand for tires goes down, this means tires and gas are:?

1 answer:

4 0

Tires and gas are products needed for cars. Gas need as fuel for car and tire need as footwear for car. Gas is up and there is no need more footwears for car because these products in machine industry depends from each other.

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The major reporting standard for presenting managerial accounting information is relevance. generally accepted accounting princi

bonufazy [111]

The answer is GAAP (General Accepted Accounting Principle) for answering the question above. The managerial accounting is the financial recording process for internal usage. A company uses this information for an evaluation and prediction basis. This process must also comply with the GAAP. Thus, GAAP is the most suitable answer.

6 0

4 years ago

It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, an

omeli [17]

It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, and the advertisements run on these channels are essentially aimed at them. These women are the company's Target audience

Explanation:

In the question above the women between the age of 25-54 years are the Target Audience because the interactives and the advertisement on the Scripps network are aimed at these women's.

Now evaluating the other options

A )Strategic Window refers to a time duration during which the particular strategy adopted will work .In this case no time duration is discussed.So its is not a correct answer.

B)Advertising medium :The medium using which a message is communicated to the targeted audience(like TV,radio,newspaper)

C)Consumer jury :In this method the consumer play the role of a jury and they are asked to rank an advertisement

So we can say that These women are the company's Target audience

4 0

3 years ago

Assume that factory space freed up by purchasing the part from an outside source can be used to manufacture another product that

kkurt [141]

Complete Question:

Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 40,000 parts is $130,000, which includes fixed costs of $70,000 and variable costs of $60,000. The company can buy the part from an outside supplier for $3 per unit, and avoid 30% of the fixed costs.

Assume that factory space freed up by purchasing the part from an outside source can be used to manufacture another product that can be sold for $13,000 profit. If Harvey Automobiles makes the part, what will its operating income be?

A. 156,000 greater than if the company bought the part

B. 26,000 less than if the company bought the part

C. 26,000 greater than if the company bought the part

D. 62,000 greater than if the company bought the part

Answer:

Option C. 26,000 greater than if the company bought the part

Explanation:

Option A: In House manufacturing of 40,000 parts:

Variable Cost is always Relevant and is ($60,000)

The Fixed cost is always irrelevant unless it is specific fixed cost related to the decision. Hence Fixed cost is irrelevant here.

Option B: If we purchase from outsiders

The purchase cost of the product is variable cost hence it is relevant as it is always relevant.

Purchase Cost = $3 * 40,000 parts ($120,000)

The decrease or increase in the cost or income, due to a decision is always relevant. The decrease in cost is Opportunity income or benefits and is given as under:

Decrease in Fixed cost by 30% = $70,000 * 30% $21,000

Now the additional profit that will arise as we can manufacture additional parts of another Product B. This is only possible if we free factory space by purchasing parts of Product A from outsiders. This additional manufacturing of Product B parts will generate profit of $13,000 and thus is a relevant income here. It is also referred to as Opportunity Income.

Opportunity Income $13,000

Total Relevant Cost ($86,000)

<h2>Decision</h2>

The cost of option A is lower from Option B by $26000 ($86000 - $60000). Hence the operating income would be higher by $26,000 if the company manufactures in-house rather purchasing 40,000 parts from outsiders.

Option C is correct option here.

5 0

4 years ago

AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30.

puteri [66]

Answer:

Explanation:

Debit Accounts Receivable for $10,000

4 0

3 years ago

Multiple choice-- economics

Molodets [167]

Answer:

The effect of increasing the money supply on inflation.

Explanation:

8 0

3 years ago