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3 years ago

Aside from advertising, how can monopolistically

1 answer:

6 0

This type of marketing is known as imperfect competition as many companies are selling similar products, but the products arenâ€™t similar enough to compete with each other in the market. One way that a company in this type of market can get the most for their money is by producing goods that have a marginal revenue that equals the marginal cost. The company also can continue to develop new products in order to keep us with the demands of its customers. In order to increase the demand for their product, the company may improve its quality and design in order to make it more useful for its customers.

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Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The

soldier1979 [14.2K]

Answer:

A) $2.50 per direct labor-hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

where,

Estimated manufacturing overhead = Rent on factory building + Depreciation on factory equipment + Indirect labor + Production Supervisor's salary

= $15,000 + $8,000 + $12,000 + $15,000

= $50,000

And, the estimated direct labor hours is 20,000

So, the rate is

= $50,000 ÷ 20,000

= $2.5 per direct labor-hour

8 0

3 years ago

As you get older, a Target Date Fund will adjust by…

makkiz [27]

Answer:

The correct answer is letter "B": Decreasing your stocks and increasing your bonds.

Explanation:

Target-date funds are pools of assets employees with a 401(k) retirement account can access. Target-date funds consider stocks as riskier assets than bonds, thus, more stocks than bonds are included in the fund of the employee at first. However, as soon as the date when the employee is to retire approaches, the fund automatically lowers the number of stocks in the employee's account to include more bonds, which are safer securities.

7 0

3 years ago

Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $287,000, has an estimated useful life of 8 years and an es

aliina [53]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Purchasing cost= $287,000

Useful life= 8 years

Estimated residual value= $37,400

To calculate the annual depreciation under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (287,000 - 37,400) / 8

Annual depreciation= $31,200

Depreciation remains constant during the useful life of the asset.

We can calculate exactly the annual depreciation for the first year.

Year 1= (31,200/365)*360= $30,772.60

4 0

2 years ago

Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended

m_a_m_a [10]

Answer:

Net Cash flow from Operating Activities (Direct Method) = $343

Net Cash flow from Operating Activities (Indirect Method) = $343

Explanation:

Cash Flow Statement - Operating Activities (Direct Method)

Amount in $

Cash receipts from Customer (219+770-321) 668

Less: Cash paid to suppliers (120+285-207-98) -100

Cash paid Employees (96+117-108) -105

Cash Paid to Insurance (69+37-85) -21

Cash Generated from operation 442

Less: Interest paid (47-19) -28

Income tax paid (55+82-66) -71

Net Cash flow from Operating Activities 343

Cash Flow Statement - Operating Activities (Indirect Method)

Amount in $

Net Income 82

Add: Depreciation Expenses 120

Loss on sale of Machinery 12

Decrease in Inventory (422-324) 98

Increase in Account payable (207-120) 87

Increase in salaries payable (108-96) 12

Decrease in prepaid Insurance (69-85) 16

Decrease in Bond Discount (184-203) 19

Increase in Deferred Tax Liabilities (66-55) 11

Less: Gain on sale of Building -12

Increase Accounts receivable (321-219) -102

Net Cash flow from Operating Activities 343

6 0

3 years ago

Highly Suspect Corp. has current liabilities of $450,000, a quick ratio of .89, inventory turnover of 6.5, and a current ratio o

nikitadnepr [17]

Answer:

See below

Explanation:

First , we will compute current ratio

Current ratio = Current asset / Current liabilities

1.25 = Current ratio / $415,000

Current asset = $415,000 × 1.25

Current assets = $518,759

Next is to calculate quick ratio

Quick ratio = Current asset - Inventory / Current liabilities

0.79 = $518,750 - Inventory / $415,000

0.79 × $415,000 = $518,750 - Inventory

$327,850 = $518,750 - Inventory

Inventory = $518,750 - $327,850

Inventory = $190,900

Inventory turnover = Cost of goods sold / Inventory

9.5 = Cost of goods sold / $190,900

Cost of goods sold = 9.5 × $190,900

Cost of goods sold = $1,813,550

3 0

3 years ago