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vivado [14]
3 years ago
8

How does the profit motive affect the goals of producers?

Business
1 answer:
Softa [21]3 years ago
5 0
Profit motive refers to the concept that the driving force behind the actions and efforts of business enterprises is the desire to earn a profit. More specifically, profit motive means that the overall goal of a business is profit maximization earning the greatest possible profit given the company's competitive strengths and the capabilities of its management team. The business owner maintains a laser focus on this objective, which affects all the decisions a business a producer of goods and servicesmakes.
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If 14,700 units are produced, the total amount of manufacturing overhead cost is closest to:
Vlad1618 [11]

Answer:

Total manufacturing overhead cost will be closest to 61,340  

Explanation:

As we can see there is not step-up fixed cost that is no additional fixed cost will incurred upon producing extra units, therefore fixed cost will remain same that is 37,820.

Variable overhead cost will increase with increase in units therefore, variable cost for producing 14,700 units will be 1.6 x 14,700 = 23,520.

To find total overhead cost we will simply add fixed and variable overhead cost:

Total overhead cost = fixed overhead cost + variable overhead cost

Total overhead cost = 37,820 + 23,520

Total overhead cost = 61,340

5 0
3 years ago
What does the consumer price index measure? A. the change in prices of all goods and services over time B. the change in prices
viktelen [127]

What does the consumer price index measure? B. the change in prices of specific goods and services over time. The consumer price index is also know as the CPI when reffering to this calculation. The CPI measures the weighted items of specific consumer goods and services by averaging them overtime. The CPI allows for comparison of the same products that consumers use on a daily basis and see how much they are using each year. This lets us know how the economy is doing as it relates to inflation. Inflation is the increase in prices and decline of the purchasing value of money in an economy.

6 0
3 years ago
Read 2 more answers
g Brief Exercise 186 For the items listed below, indicate whether the item is an asset, liability, or stockholders' equity item.
morpeh [17]

Answer:

For the items listed below, indicate whether the item is an asset, liability, income statement or stockholders' equity item

1) Rent expense - Expense (Income statement)

2) Equipment - Asset

3) Account payable - Liability

4) Common stock - Stockholder's equity

5) Insurance Expense - Expense (Income statement)

6) Cash - Asset

7) Account receivable - Asset

8) Retained earnings - Stockholder's equity

9) Service revenue - Income (Income Statement)

10) Notes payable - Liability

Explanation:

Items in the financial statement can be classified as Income, Expense, Asset, Liability or Equity

5 0
4 years ago
According to the map, which continent has the most countries with a low GDP level? Which two countries have the highest GDP leve
Nuetrik [128]
Guessing it is the world map since there is no map on here,
USA and China for the highest GDP
South Sudan has the lowest GDP
3 0
4 years ago
Read 2 more answers
Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
igomit [66]

Answer:

none of the above

Explanation: to get a job you have to get a degree

7 0
3 years ago
Read 2 more answers
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