Answer:
In the United States, the average number of passengers flying per day is 1.73 million.
I think the answer is C
Answer:
(D) $ 4,950
Explanation:
The computation is shown below
As We know that
Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of goods manufactured
where,
Total manufacturing cost = Direct materials used + direct labor cost + manufacturing overhead cost
= $10,000 + $25,800 + $19,200
= $55,000
So, the opening work in process inventory would be
$11,200 = Opening work in process + $55,000 - $48,750
So, the opening work in process is
= $4,950
Answer:
E : the market is very small and limited
Explanation:
The statement that the market is very small and limited is not a difference between business markets and consumer markets as the real difference is :
Business market larger in size :
If we talk from a Marketing Perspective point of view it Innovates through technological push and fanatics-breakthroughs which result in a rapid increase in the number of customers in the market and as the size of the market becomes larger.
Answer:
$37,000
Explanation:
Working capital indicates the difference between a company's current assets and its current liabilities.
Current assets include such as cash at hand, bank balances, cash equivalents, and inventories. Current liabilities are accounts payable, bills, and short term debts.
in this case,
Current assets include
Inventory $50,000
Cash at Bank $ 5,000
prepaid rent <u> $5,000</u>
Total current assets <u>$60,000</u>
current liabilities
Notes Payable $20,000
tax payable <u> $3,000</u>
Total current liabilities <u> $23,000</u>
Working capital
= $60,000 - $23,000
= $37,000
Answer:
Target costing
Explanation:
-High-low pricing is when companies initially establish a high price for a product and then, they decrease it when people are less willing to buy it.
-Everyday low pricing is when companies offer low prices on their products all the time.
-Cost-plus pricing is when companies determine the cost of the product and add the profit margin they need to establish the price of the product.
-Target costing is when companies establish a target cost for the product by taking the price and subtracting the margin they expect from it.
-Competition-based pricing is when companies use the price the competitors have for the same product to establish the price.
According to this, the answer is that the situation exemplifies target costing.
