A product that cannot be perceived by the senses is called an ____

The account balances of Wilson Towing Service at June 30, 2016, follow:Equipment $12,950Office supplies 1,000Notes payable 4,500

andre [41]

Answer:

Wilson Towing Service

Income Statement

For the month ending June 30, 2016

Service revenue $12,500

Salaries expense ($2,500)

<u>Rent expense ($500)</u>

Operating profit $9,500

The income statement tells us how much profit/loss did a business make during a certain period of time. In this case, the operating profit was $9,500. In order to calculate net income we would need to subtract taxes but we are not given the tax rate or the taxes due.

8 0

2 years ago

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at

Butoxors [25]

Answer:

The question is not incomplete as it is missing the requirement below:

A) The activity rates for each activity and

B) The activity-based factory overhead per unit for each product.

Fabrication activity rate=$68 /dlh

Assembly activity rate =$35 /dlh

Setup activity rate =$390/setup

inspection activity rate=$90/inspection

Speed boat activity based factory overhead=$387000

Bass boat activity based factory overhead=$213000

Explanation:

Fabrication activity rate=$204,000/(2000+1000)=$68 /dlh

Assembly activity rate =$105000/(1000+2000)=$35 /dlh

Setup activity rate =$156000/(300+100)=$390/setup

inspection activity rate=$135000/(1100+400)=$90/inspection

Speed boat total overhead is computed thus:

fabrication $68*2000 136000

Assembly $35*1000 35000

setup $390*300 117000

inspection $90*1100 <u>99000 </u>

Total 387000

bass boat total overhead is computed thus:

fabrication $68*1000 68000

Assembly $35*2000 70000

setup $390*100 39000

inspection $90*400 <u>36000 </u>

Total 213000

8 0

2 years ago

Which of the following would be classified as a short-run decision? A restaurant's decision to increase the number of patrons it

podryga [215]

Answer:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

Explanation:

Short run decision affects variable factor only. Adding a new facility is a long run decision. Hence a firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies is a short run decision.

Hence, the correct answer would be:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

4 0

2 years ago

Marginal utility measures A. the slope of the budget line. B. the marginal rate of substitution. C. the slope of the indifferenc

ivolga24 [154]

Answer:

The additional satisfaction from consuming one more unit of a good

Explanation:

Marginal utility falls as consumption increases.

The Marginal Rate of Substitution (MRS) is the rate at which consumers exchange quantities of units of one good number for another good at the same level of utility.

I hope my answer helps you

8 0

2 years ago

In the classical approaches to management, proponents of the __________ approach argued that managers should stress primarily em

bogdanovich [222]

It should be noted that In the classical approaches to management, proponents of the Human Relations approach argued that managers should stress primarily employee welfare, motivation, and communication.

<h3>What is Human Relations management?</h3>

Human Relations management theory can be regarded as premise of organizational psychology which explains that an employer can employee productivity and motivation by positive social bonds.

Therefore, Human Relations support managers to be stressing primarily employee welfare and motivation.

Learn more about Human Relations at;

brainly.com/question/1657284

7 0

1 year ago

A product that cannot be perceived by the senses is called an _____ product.