Answer:
Estimated manufacturing overhead rate= $15 per direct labor hour
Explanation:
Giving the following information:
Overhead is allocated to each job based on the number of direct labor hours spent on that job.
The estimated overhead= $61,500.
Estimated direct labor hours= 4,100
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 61,500/4,100= $15 per direct tlabor hour
Answer:
The amount of short term notes payable reported as Current liabilities (CL) on December 31, 2006 is $500,000
Explanation:
The amount of short term notes payable reported as Current liabilities (CL) on December 31, 2006 is computed as:
Amount of short term notes payable = Short term notes payable due on Feb 14 - Borrowed from County Bank
where
Short term notes payable due on Feb 14 is $2,000,000
Borrowed from County Bank is $1,500,000
Putting the values above:
Amount of short term notes payable = $2,000,000 - $1,500,000
Amount of short term notes payable = $500,000
Answer:
E. All of the steps above are appropriate to take if she suspects identity theft.
Explanation:
Under suspicion of identity theft, it is better to take all the preventive measures listed in the example before the person who has stolen your debit card and checks makes use of them and steals the money in your bank account or makes big purchases.
Answer:
The correct answer ise. do nothing and leave prices unchanged.
Explanation:
It has been observed that many oligopolistic industries exhibit an appreciable degree of price rigidity or stability. In other words, in many oligopolistic industries prices remain sticky or inflexible, that is, there is no tendency for oligopolists to change the price even if economic conditions undergo a change.
There have been many explanations of this price rigidity in the oligopoly and the most popular explanation is the so-called crooked demand curve hypothesis. The crooked demand curve hypothesis was presented independently by Paul M. Sweezy, an American economist, and by Hall and Hitch, Oxford economists.
It is to explain the price and production under oligopoly with product differentiation, that economists often use the hypothesis of the crooked demand curve. This is because when products under oligopoly differ, it is unlikely that when a company increases its price, all customers abandon it because some customers are intimately linked to it due to product differentiation.
As a result, the demand curve facing a company under differentiated oligopoly is not perfectly elastic. On the other hand, under the oligopoly without product differentiation, when a company increases its price, all its customers leave it, so that the demand curve faced by an oligopolist that produces a homogeneous product can be perfectly elastic.
Answer:
Answer is option D, i.e. Firms engage in "dumping" practices, particularly when foreign firms market to US customers.
Explanation:
Predatory pricing is a kind of pricing strategy that is used to drive out the newly entered competitor out of the market. The strategy uses lowering the price of the product into a very cheap product that grasps the attention of the customers and tempts them to buy from that very brand instead of the new entry. This is sometimes referred to as “dumping” strategy.
