Answer:
explicit cost
Explanation:
The explicit cost will be the accounting expenses, those which are related to business operations like: materials, labor, rent, insurance and others.
This cost will be presented in the income statement and determinate the net income for the firm.
In constract for the explicit cost there are implicit cost. Those cost are related to output we renounce for using the factor in the current business (interest from a banking account instead of in investment in a forniture business; wages from another job instead of being entrepreneur)
Answer:
Income statement.
Revenue 900
Expenses 1.000
Loss -100
Explanation:
(1) $900 worth of services were performed and billed but not collected at May 31
Accounting guideline requiring that revenues be shown on the income statement in the period in which they are earned, not in the period when the cash is collected.
(2) $1,000 of gasoline expense was incurred but not paid.
In accrual accounting, the revenue recognition principle states that expenses should be recorded during the period in which they are incurred, regardless of when the transfer of cash occurs
Answer:
Marketing synergies
Explanation:
Marketing synergies refers to the combination of two or more marketing initiatives that produces an effect that is greater than the sum of the results of implementing each of them alone. Also, this helps to save money by combining the efforts. According to this, the answer is that this allows Apple to enjoy cost savings due to marketing synergies because the professional segment of medium/large businesses is interested in purchasing all of the items in the product line which allows to create synergies.
Answer:
$7,400
Explanation:
The impact on the company's overall profit is shown below:-
<u>Particulars Amount
</u>
Sales $50,320 (740 × $68)
Less : Variable cost
Direct material $30,340 (740 × $41)
Direct Labor $10,360 (740 × $14)
Variable Manufacturing
overhead
($51,000 ÷ 17,000) $2,220 (740 × $3)
= 3
company's overall profit $7,400
To reach the company's overall profit we simply deduct the Direct material, direct labor and variable manufacturing overhead from sales.
Answer:
Applewood can stop the shipment and have the goods returned (the right of stoppage of goods).
Explanation:
When the buyer becomes insolvent while the goods are in transit, and the goods have not been paid yet, then the seller has the right to stop the delivery and resume possession of the goods.
Applewood could also try to sue Marco for specific performance but considering their current position it might be useless and actually result in more money invested and larger losses.
