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3 years ago

5

The government sometimes creates an excess demand for a product by setting a maximum price at which the product may be sold to c

onsumers. this is sometimes called a:

1 answer:

nignag [31]3 years ago

8 0

This is sometimes called a "price floor"

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What process uses warehousing to add value to a product through component modification, repair, labeling, and packaging?.

Reil [10]

Answer:

Customizing

Hope this helps :)

5 0

3 years ago

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an

STatiana [176]

Answer:

Quebec, Inc.

Assuming Quebec, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is:

= $2,220.

Explanation:

a) Data and Calculations:

Units Unit Cost Total Cost Units Sold

Beginning Inventory 32 $54 $1,728

Sale No. 1 10

Purchase No. 1 28 60 1,680

Sale No. 2 32

Purchase No. 2 20 57 1,140

Totals 80 $4,548 42

Ending Inventory using FIFO periodic inventory system:

Units of ending inventory = 38 (80 - 42)

Units are from: Units Unit Cost Total Cost

Purchase No. 1 18 60 $1,080

Purchase No. 2 20 57 1,140

Ending Inventory 38 $2,220

7 0

3 years ago

Jacques lives in Miami and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of thi

KatRina [158]

<u>Explanation</u>:

Remember, Implicit cost refers to cost that do not involve monetary transactions by Jacques, while his Explicit cost includes all forms of direct payments made by Jacques to others while selling his boat.

<u>Therefore, the cost are assigned below:</u>

The $50,000 salary Jacques could earn if he worked as a financial advisor= Implicit Cost
The $15,000 rental income per year Jacques would receive if he chose to rent out his showroom= Implicit
The wholesale cost of $430,000 and utility bills totaling $301,000 cost for the boats that Jacques pays the manufacturer= Explicit Cost

4 0

4 years ago

Crystal Glassware Company issues $1,042,000 of its 14%, 10-year bonds at 97 on February 28,2019. The bonds pay interest on Febru

galben [10]

Answer:

The correct option is B. $1,012,303

Explanation:

For computing the net amount, the following calculations are need to be done which is shown below:

1. Calculation the total value of bond which equals to

= Issue amount × price

= $1,042,000 × (97 ÷ 100)

= $1,010,740

2. Now compute the discount which shown below:

= Issue amount - total value

= $1,042,000 - $1,010,740

= $31,260

3. Then, compute the semiannual discount amount by applying the straight line method

= Discount value ÷ number of years

where,

number of year would be multiply by 2 = 2 × 10 = 20 years

So, the value would be equal to

= $31,260 ÷ 20 years

= $1,563

4. So, the net amount would be

= Total value of bond + semiannual discount

= $1,010,740 + $1,563

= $1,012,303

Hence, the net amount will be reported for the bonds on the August 31, 2019 balance sheet is $1,012,303

Therefore, the correct option is B. $1,012,303

8 0

3 years ago

Direct Materials Used in Production Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $42,000 of materials in in

sp2606 [1]

Answer:

$118,000

Explanation:

The formula and the estimation of the direct material used is shown below:

Direct material used = Starting raw material balance + purchase made during the year- ending raw material balance

= $42,000 + $127,000 - $51,000

= $118,000

Adding the purchased amount and deducting the ending raw material balance to the beginning raw material balance for computing the direct material used

4 0

3 years ago