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Dvinal [7]
3 years ago
15

In preschool one day, 5 children decided to help each other build a fort with the items that were available to them. each child

took it upon him/herself to find objects in the classroom that could be put together to build a fort. this is an example of
Business
1 answer:
Marina CMI [18]3 years ago
5 0
This is an example of associative play.
It means that the children are in the same location, but not necessarily close to each other or playing together. Each of these kids has their own plan and agenda of how to bring the plan to fruition, and they are not really cooperating in order to build the fort.
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Too much of a good or service is produced when there is a
Alexxandr [17]

Answer:

D

Explanation:

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A public good is a good that is non excludable and non rivalrous. An example of a public good is a statue in a public park Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

4 0
3 years ago
Use the following information:Beginning cash balance on March 1, $72,000.Cash receipts from sales, $300,000.Budgeted cash paymen
Lynna [10]

Answer and Explanation:

The preparation of the cash budget for the month of March ended is presented below:      

                                              Cash Budget

Particulars                           Amount  ($)

Opening Cash Balance         72,000

Add: Cash Receipts from Sales 300,000

Total Cash Available           372,000

Less:

Cash Payments  

Purchases                             140,000

Salaries                                    80,000

Cash Expenses                     45,000

Repayment of Bank Loan      20,000

Total Payments                    -285,000

Closing Cash Balance              87,000

We simply deduct the all payments from the total cash available so that the ending balance of cash could come

8 0
3 years ago
Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monito
Radda [10]

Answer:

Research and development expense is $679,000.

Explanation:

Creation of a new type of personal computer monitor is an internally generated intangible asset.

The Costs directly incurred in developing an internally generated intangible asset are all expensed until the intangible asset is technically physiable for operation.

Research and Development costs are thus expensed.

<u>Calculation of Research and Development Cost</u>

Salaries                                                                                        $240,000

Depreciation on R&D facilities and equipment                         $135,000

Utilities and other direct costs incurred for the R&D facilities  $ 68,000

Patent filing and related legal costs                                            $24,000

Payment to another company for  development work             $130,000

Costs of adapting the new monitor                                             $82,000

Total                                                                                             $679,000

Conclusion :

Research and development expense is $679,000.

3 0
3 years ago
SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and variable costs are $36 per u
notka56 [123]

Answer:

1. Total fixed costs to $190,000 ________ Break Even Sales Volume in Units 316,666.67

2. Variable costs to $34 per unit _________ Break Even Sales Volume in Units = 260357. 14

3. Selling price per unit to $80  ----------Break Even Sales Volume in Units =254545.45

Explanation:

SBD Phone Company

Without Changes

Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)

Break Even Sales Volume in Units =$162,000/1- (36/ 90)

Break Even Sales Volume in Units =$162,000/1=0.4

Break Even Sales Volume in Units =$162,000/0.6

Break Even Sales Volume in Units =270000

1.When  Total fixed costs are changed to $190,000

Break Even Sales Volume in Units =$190,000/0.6= 316,666.67

The increase in fixed costs shows an unfavorable increase in break even units

2. When Variable costs are changed to  to $34 per unit

Break Even Sales Volume in Units =$162,000/1- (34/ 90)

Break Even Sales Volume in Units =$162,000/0.622

Break Even Sales Volume in Units = 260357. 14

The decrease in  Variable costs  shows a  favorable decrease in break even units

3. When Selling price is changed to $80

Break Even Sales Volume in Units =$162,000/1- (36/ 80)

Break Even Sales Volume in Units =$162,000/0.55

Break Even Sales Volume in Units =254545.45

The decrease in  Selling price  shows a  favorable decrease in break even units

Yes it is necessary to compute new break-even points because this is how we can see the changes in units and the effects of the changes.

6 0
3 years ago
Match each of the numbered descriptions with the principle or assumption it best reflects. Enter the letter for the appropriate
KatRina [158]

Answer:

1 with G = Revenue Recognition Principle

2 with A = Cost principle

3 with C = Specific Accounting Principle

4 with H = Going concern assumption

5 with D = Full Disclosure Principle

6 with B = Matching Principle

7 with E = General Accounting Principle

8 with F = Business Entity Assumption

Explanation:

Revenue shall be recognised as at the time that their is 100% certain that the risk and reward associated is transferred to the customer. = Revenue Recognition Principle.

Cost Principle assumes to record transactions at its cost and not the market value.

Specific Accounting Principle is made with specific orders for specific industry.

Going concern assumption assumes that the business with continue to an infinite period of time and it will not end.

Full Disclosure principle requires to disclose all the material facts about business whether the effect is  currently disclosed in financial statements or not.

Matching principle requires to record expense for each revenue earned.

General Accounting Assumption is old and applicable on all the businesses and industry.

Business Entity Assumptions assumes for business calculations that the owners are different from their business, and both are two separate identities.

3 0
3 years ago
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