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STALIN [3.7K]
3 years ago
13

Let's say we could teach a dolphin to understand the difference between the sentences "the parrot kissed the dolphin" and "the d

olphin kissed the parrot." if this were demonstrated, it might mean the dolphin had an understanding of ____________.
Business
1 answer:
zepelin [54]3 years ago
5 0
The dolphin might understand comprehension. Knowing the placement of words, the tones of the words and the letters they consist is one thing. But understanding what the phrase or sentence means is comprehending. Knowing that if you change the placements of words within the sentence, it would give different meanings, is a manifestation of comprehension.
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Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture of certain special-duty
Arlecino [84]

Answer:

1. Prepare an income statement for each year using full costing.

                                                                           2018                       2019

Sales                                                               1,116,000               1,278,000

<em>Less</em> Cost of Sales                                         (520,800)              (596,400)

Opening Stock                                                      0                        37,800

Add Cost of Goods Manufactured                 558,600                558,600

Less Closing Stock                                          (37,800)                      0

Gross Profit                                                      595,200                681,600

Less Expenses

variable selling costs ($0.70)                           (17,360)                 (19,880)

fixed selling costs are                                        ($660)                  ($660)

Net Income                                                       577,180                 661,060

2. Prepare an income statement for each year using variable costing.

                                                                           2018                       2019

Sales                                                               1,116,000               1,278,000

<em>Less</em> Cost of Sales                                         (396,800)              (454,400)

Opening Stock                                                      0                        28,800

Add Cost of Goods Manufactured                 425,600                425,600

Less Closing Stock                                          (28,800)                      0

Gross Profit                                                      719,200                823,600

Less Expenses

fixed manufacturing costs                              (133,000)             (133,000)

variable selling costs ($0.70)                           (17,360)                 (19,880)

fixed selling costs are                                        ($660)                  ($660)

Net Income                                                       568,180                 670,060

3. Prepare a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods.

                                                                           2018                      2019

Full Costing Operating Income                      577,180                 661,060

<em>Add</em> Fixed Costs in Opening Inventory              0                          9,000

<em>Less</em> Fixed Costs in Closing Inventory           (9,000)                       0

Variable Costing Operating Income             568,180                 670,060

Explanation:

Full Costing Product Cost = Variable Overheads + Fixed Overheads

                                             = $16 + ($133,000/26,600 units)

                                             = $21

1. Prepare an income statement for each year using full costing.

                                                                           2018                       2019

Sales                                                               1,116,000               1,278,000

<em>Less</em> Cost of Sales                                         (520,800)              (596,400)

Opening Stock                                                      0                        37,800

Add Cost of Goods Manufactured                 558,600                558,600

Less Closing Stock                                          (37,800)                      0

Gross Profit                                                      595,200                681,600

Less Expenses

variable selling costs ($0.70)                           (17,360)                 (19,880)

fixed selling costs are                                        ($660)                  ($660)

Net Income                                                       577,180                 661,060

Variable Costing Product Cost = Variable Overheads

                                                     = $16

2. Prepare an income statement for each year using variable costing.

                                                                           2018                       2019

Sales                                                               1,116,000               1,278,000

<em>Less</em> Cost of Sales                                         (396,800)              (454,400)

Opening Stock                                                      0                        28,800

Add Cost of Goods Manufactured                 425,600                425,600

Less Closing Stock                                          (28,800)                      0

Gross Profit                                                      719,200                823,600

Less Expenses

fixed manufacturing costs                              (133,000)             (133,000)

variable selling costs ($0.70)                           (17,360)                 (19,880)

fixed selling costs are                                        ($660)                  ($660)

Net Income                                                       568,180                 670,060

3. Prepare a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods.

<u>Reconciliation of Full Costing Operating Income to Variable Costing Operating Income.</u>

Hint : Difference lies in the Fixed Cost Component deferred in Closing Inventory under the Absorption Cost

                                                                           2018                      2019

Full Costing Operating Income                      577,180                 661,060

<em>Add</em> Fixed Costs in Opening Inventory              0                          9,000

<em>Less</em> Fixed Costs in Closing Inventory           (9,000)                       0

Variable Costing Operating Income             568,180                 670,060

3 0
3 years ago
Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the valu
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The answer should be about $9000.00 so I'd go with A $9,051.20
5 0
3 years ago
A _______ is a cluster of complementary products and services that are closey related in the minds of consumers but are spread a
serg [7]

A meta market is a cluster of complementary products and services that are closely related in the minds of consumers but are spread across a diverse set of industries.

<u>Explanation:</u>

Meta market can be defined as two or more markets that has distinct features are connected in some or the other way to a service or a product. It can be stated as an attempt to increase the sides of marketing by including all the non-profit organizations.  

The term meta marketing was first coined by E.J.Kelly while discussing science of marketing and ethics issues.

Example: The meta market for domestic cleaning products includes the house cleaning service companies and the house owners.

3 0
2 years ago
Select the correct answer.
Schach [20]

Answer:

с. Purchases and Creditors

Explanation:

A goods account is hardly created in the general ledger. Accountants and bookkeepers use the purchases account to record goods bought by the company.  

When a business makes purchases, it can either pay cash or in credit.  Cash payments are recorded in the cash account. They reduce cash held by the business.

Credit purchases increase creditors and are recorded in the creditor's account.

3 0
2 years ago
The process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other orga
liubo4ka [24]

Management is the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources. Management is used to control its employees to maximize its effort to obtain its objective using the available resources to meet the customer demand.

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7 0
3 years ago
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