Answer:
It is more convenient to continue processing.
Explanation:
Giving the following information:
Grace Co. can further process Product B to produce Product C. Product B is currently selling for $60 per pound and costs $38 per pound to produce. Product C would sell for $95 per pound and would require an additional cost of $13 per pound to produce.
To determine the convenience of further processing we need to calculate the contribution margin:
CM= selling price - unitary variable cost
Product B= 60 - 38= 22 per unit
Product C= 95 - 38 - 13= 44 per unit
It would be called differentiation :)
Answer:
a. To increase Land - Debit
b. To decrease Cash - Credit
c. To increase Fees Earned (Revenues) - Credit
d. To increase Office Expense - Debit
e. To decrease Unearned Revenue - Debit
f. To decrease Prepaid Rent - Credit
g. To increase Notes Payable - Credit
h. To decrease Accounts Receivable - Credit
i. To increase Common Stock - Credit
j. To increase Store Equipment - Debit
Explanation:
Debit gives details of spending, sum owed , amount to balance which is usually recorded to the left side of an account entry book while credit gives the details of income, amount earned or made on sale, spending cut and revenue and is usually placed to the right hand column of an account entry.
Answer:
Absolute value of the price elasticity of demand = 6.8 (ELASTIC)
Explanation:
<em>(See attached)</em>