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enot [183]
3 years ago
5

Many traditional costing systems:

Business
2 answers:
Tpy6a [65]3 years ago
6 0

Answer:

The correct answer is letter "D": combine widely varying elements of overhead into a single cost pool.

Explanation:

The traditional costing system is an accounting method to calculate the costs and expenses of a company. The main characteristic of this approach relies on how <em>overhead </em>-difficult costs to calculate but are part of the production process such as rent or utilities- is calculated. <em>The total cost of overhead is pooled to be divided by the total direct labor measured in dollars and, in such a way, calculate the overhead cost per unit produced.</em>

puteri [66]3 years ago
5 0

Answer:

The answer to the question is A

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5) A car rental company offers two plans for one way rentals. Plan I charges $36 per day and 17 cents per mile. Plan II charges
Rom4ik [11]

Answer:

a. Plan I is better is we drive 300 miles in a day.

b. 150 miles.

Explanation:

a. if mileage is 300 then rental charges will be,

Plan I : $36 + 17 cents * miles

$36 + 0.17 * 300 = $41.10.

Plan II : $24 + 25 cents * miles

$24 + 0.25 * 300 = $99.00

Plan I total cost for 300 miles is $41.10 whereas Plan II total cost for 300 miles is $99.00. Plan I is better plan and cost effective.

b. For mileage (m) calculation we will use equation;

Plan I = Plan II

$36 + 0.17m = $24 +0.25m

0.25m - 0.17m = $36 - $24

m = $12 / 0.08

m = 150 miles.

6 0
3 years ago
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d
ch4aika [34]

Answer:

Option (A) and (D) are correct.

Explanation:

When there is an enforcement by the government for rent control and force landlords to lower the apartment price below the equilibrium level.

This means that there is a fall in the price of apartments then this will lead to increase the demand for apartments by the consumers. Therefore, demand for apartments exceeds the supply of apartments. It will be less profitable for the suppliers to increase the supply of apartments. Hence, this will lead to fall in the quality of apartments because landlords are less interested in the maintenance of the apartments.

Lower price of apartments also results in black market. Most of the landlords are trying to fool the government and charge higher prices from the consumers. This will be done with no proper paper work and legal documentation. So, there is a creation of black market.

5 0
3 years ago
If a company has a unique strength relative to its competitors, based on quality, time, cost, or innovation, then the company is
Sunny_sXe [5.5K]
The answer is: A competitive advantage
6 0
2 years ago
What were the impacts of the fur trade on society in terms of economics, culture, technology, nature, and the government? Did Ro
Oksi-84 [34.3K]

Answer:

The impacts of the fur trade on society in terms of economics, culture, technology, nature, and the government changed over the time.

Rockefeller never act unethically by the standards of his day or today´s.

There is nocontradiction between his personal and business ethics.

Explanation:

The fur trade was a vast commercial enterprise, which was at its peak for nearly 250 years, from the early 17th to the mid-19th centuries, sustained to satisfy the demand in an intensely competitive trade which opened exploration and settlement, financing missionary work, established social, economic and colonial relationships between Europeans and Indigenous people.

Changing cultural in the fashion industry, has had a drastic evolution over the years, when a woman in the first half of the twentieth century , might be very proud to wear a fox stole with its head and feet intact but today, it would consider  that an ethical faux pas.

Ethics has become a major consideration for young people in their selection of work and career, who demand enshrined values in their business  model, a difference, contributing with their core values, conscience, and personality not just profit.By the standards of his day Rockefeller, a faithful, balanced and devout Christian, was not being unethical as he always followed his-time regulations and laws, although nowadays they are more severe.  He compensated all the things he did, if wrong, with his contributions to help people cope with any damage done. There is no contradiction behe did as he had been taught when he was younger that he should separate business from pleasure.

6 0
3 years ago
Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350
Setler [38]

Answer:

a.$30,000

b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

Explanation:

a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building

Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred

b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

6 0
3 years ago
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