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3 years ago

The vast majority of for-profit businesses in the United States operate as which of the following?

Business

1 answer:

kykrilka [37]3 years ago

5 0

Answer:

a. Sole proprietorships

Explanation:

Sole proprietorships are the most common for-profit business type in the United States.

A sole proprietorship is a business entity that has only one owner, and for which, no accounting and legal distinction exist between the business entity and the owner.

This means that the business entity and the owner are taxed under the same terms, and that the owner has unlimited responsability for the sole proprietorship business. For example, in case of bankruptcy, the owner may have to respond to creditors with his own personal wealth.

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B. If 18,000 units are produced, what is the variable cost per unit?C. If 21,000 units are produced, what are the total variable

alexdok [17]

Answer:

Instructions are listed below.

Explanation:

Looking on the internet I found the necessary information to solve this problem:

Giving the following information:

Units= 16,000

Fixed Overhead= $5*16,000= 80,000

Direct material= 12

Direct labor= 9

Indirect material= 1 (part of overhead)

variable overhead= 2

B. Units= 18,000

Variable cost per unit= direct material + direct labor + variable overhead= 12 + 9 + (2+1)= 24

C. Units= 21,000

Total variable cost= unitary cost* number of units

TVC= 24*21,000= $504,000

D. Units= 11,000

TVC= 24*11,000= $264,000

E. Units= 19,000

Overhead= variable overhead + fixed overhead

Overhead= 3*19,000 + 80,000= $137,000

F. Units= 23,000

Total overhead= 3*23,000 + 80,000= $149,000

G. Units= 19,000

Unitary overhead= total overhead/ number of units

Unitary overhead= 3 + (80,000/19,000)= $7.21

H. Units= 25,000

Unitary overhead= 3 + (80,000/25,000)= $6.2

3 0

3 years ago

The most common type of firm in the united states is the

mote1985 [20]

A) a proprietorship is the most common type of firm in the United States.

6 0

3 years ago

Spacecraft exploring the outer planets need reliable data transmission. however, the acknowledgments would take hours to arrive.

jarptica [38.1K]

Use forward error correction (FEC) to perform the data transmissions. FEC is a method where you transmit the data that's been encoded with an error correction code (ECC). This adds redundancy to the data transmission which allows for some errors to be corrected upon reception without having to rely upon the sender having to send the data again. One example of an ECC is the Reed Solomon error correction code. That code is used in many different applications where retransmission of corrupted data isn't practical, such as disk sectors in hard disk drives, data encoded on optical media such as DVDs, CDs, or Blu-Ray discs. It is also frequently used for communications from satellites.

5 0

3 years ago

The contribution margin ratio: Group of answer choices Cannot be used in conjunction with other analytical tools. Is the percent

padilas [110]

Answer:

Is the percent of every sales dollar that is still when deducting total unit variable price.

This ratio indicates the proportion of every sales dollar that's accessible to hide a company's fastened expenses and profit. The ratio is determined by isolating the commitment edge (deals less all factor costs) by deals.

3 0

3 years ago

Read 2 more answers

Explain how self-interest and competition work together to regulate prices.

Katena32 [7]

Answer:

- Self-Interests exist in both customers and the companies who sells the product.

Self-interest held by the companies will determine how much profit that they desire to acquire. Some owner wanted a high profit margin, some wanted lower , etc. Self-interest held by customers will determine the type of value that the consumers expect from the product and how much money they're willing to pay to obtain it.

Both of this will create a push and pull in the market. Eventually, the price will fall to the spot where both sellers and consumers believe as 'fair.'

- Competition is an additional factor to regulate prices that tends to be beneficial for the customers.

The existence of competition make consumers have more than one option in order to obtain a similar product. This make companies have to reduce their self-interest and offer prices that can compete with the competitors.

This tend to bring the prices lower from the initial equilibrium.

7 0

3 years ago

Read 2 more answers