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4 years ago

Q: What determines the balance of production and consumption?

1 answer:

6 0

Resources is referred to as the available asset that can be used for further purposes may it be for business or consumption. This is what determines the balance between the production and consumption for without these, production would not be possible and if nothing is produced, nothing would also be consumed. Resources come in different forms and each has its own availability. Answer for this would be C.

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Which of the following should be included in the acquisition cost of a piece of equipment?

topjm [15]

Answer: All of these choices are correct.

Explanation:

You didn't give the options to the question. The options include:

testing costs prior to placing the equipment into production

transportation costs

installation costs

All of these choices are correct.

Acquisition cost, is the total cost that is recognized by a company on its books for the purchase of an asset. These costs include the transportation cost, installation cost, shipping cost, testing costs, sales taxes, customs fees, etc.

Therefore, based on the explanation, the correct option is All of the choices are correct.

6 0

3 years ago

Pool Corporation, Inc., is the world’s largest wholesale distributor of swimming pool supplies and equipment. Pool Corp. reporte

maw [93]

Answer:

Explanation:

1. The journal entries are shown below:

Bad debt expense A/c Dr $3,378

To Allowance for doubtful debts A/c $3,378

(Being bad debt expense is recorded)

Allowance for doubtful debts A/c Dr $4,510

To Account receivable A/c $4,510

(Being written off amount is recorded)

2. The computation of the net sales is shown below:

= Gross sales - sales discount - sales return - credit card fees

= $140,756 - $1,344 - $996 - $2,129

= $136.287

7 0

3 years ago

Susan williams runs a small flagstaff job shop where garments are made. the job shop employs eight workers. each worker is paid

slavikrds [6]

Labour Productivity is basically the worth of goods produced by each labour or collectively in an hour, This can be expressed in the formula below:

Labour Productivity per hour of work= $\frac{Worth of Goods Produced}{Total Number of Labour Hours}$

In order to find worth of goods we shall use below Formula:

Worth of Goods= Sale Price per Unit*Number of Units Sold

In given case there are 2 types of goods sold as below

1. Proper Garments

Worth of Goods Sold= $210*78 Garments

Worth of Goods Sold=$16380

2. Seconds

Worth of Goods Sold= $100*54

Worth of Goods Sold= $5400

Total Goods Sold= $5400+$16380

Total Worth of Goods=$21780

Total Hours Worked= No of Workers*Hours Worked each Worker

Total Hours Worked= 8*45

Total Hours Worked=360 Hours

Labour Productivity= $\\ \frac{21780}{360}$

Labour Productivity=$60.5 per Hour

3 0

3 years ago

The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September. Corporate hea

Harlamova29_29 [7]

Answer:

$41,960

Explanation:

Direct costs are costs that are specific to a certain product, service or in this case, department or business unit. They are not shared with other products, services or business units.

The direct costs allocated to the Cosmetics Department are:

Cosmetics Department sales commissions--Northridge Store $5,300
Cosmetics Department cost of sales--Northridge Store $32,400
Cosmetics Department manager's salary--Northridge Store $4,260
total $41,960

8 0

4 years ago

Friendly's quick loans, inc., offers you $5.25 today but you must repay $6.45 when you get your paycheck in one week (or else).

LenaWriter [7]

For simplicity, we will assume 52 weeks in a year (instead of 365 days).
The rate of interest per week actually charged is
$6.45/5.25-1$
$=1.2285714-1$
$=0.22857142857$
$=22.85714%$

Effective Annual Rate (EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
$EAR=(1+i)^n-1$
$=(1+.228571428571428)^52-1$
$=44546.2997$
=4454629.97%
note: most calculators may not display this value with sufficient accuracy.

The corresponding APR is obtained by <em>multiplying</em> the weekly rate by 52
$APR=52*(6.45/5.25-1)$
$=52(6.45/5.25-1)$
$=11.885714$
=1188.57%

8 0

3 years ago