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3 years ago

Alice is an employee of Mid-State Realty Services. She would likely be required to do which of the following?

Business

1 answer:

masha68 [24]3 years ago

7 0

Answer:

The correct answer is B. Attend weekly staff meetings at the office.

Explanation:

Taking into account the nature of the organization (real estate sector), where sellers are assigned a quantity X of properties, they must usually account for their weekly activities. For which it is necessary to attend meetings held in order to assess trends, achievement of objectives, etc.

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TB MC Qu. 08-156 Fortune Drilling Company acquires... Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,00

OlgaM077 [116]

Answer:

Fortune Drilling Company

Journal Entry:

Debit Depletion Expense $1,350,000

Credit Accumulated Depletion $1,350,000

To record the first year's expense.

Explanation:

a) Data and Calculations:

Acquisition cost of mineral deposit = $5,900,000

Additional costs incurred = $600,000

Total costs of mine = $6,500,000

Estimated mineral deposit = 2,000,000 tons

Estimated years of extraction = 5 years

First year's extraction quantity = 418,000

Expenses for the first year = 418,000/2,000,000 * $6,500,000

= $1,350,000

Analysis:

Depletion Expense $1,350,000 Accumulated Depletion $1,350,000

7 0

3 years ago

The future value and present value equations also help in finding the interest rate and the number of years that correspond to p

vichka [17]

Answer:

i=4%

Explanation:

this problem is possible to solve applying the principle of future value, keep in mind the next formula:

$FV=PV*(1+i)^{n}$

where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:

$16,843.93=12,800*(1+i)^{7}$

the difference here is that we must solve n so we can do:

$(\frac{16,843.93}{12,800})^{1/7}-1=i$

so i=4%

4 0

3 years ago

Bossie Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following

kotegsom [21]

Answer:

$273,400

Explanation:

Given that,

Wages and salaries = $349,000

Depreciation = 290,000

Utilities = 199,000

Total = $838,000

Cost to be allocated to Assembly cost pool :

= (Wages & salaries × 35%) + (Depreciation × 35%) + (Utilities × 25%)

= ($349,000 × 35%) + (290,000 × 35%) + ($199,000 × 25%)

= $122,150 + $101,500 + $49,750

= $273,400

3 0

3 years ago

Which of the following refers to the collection, deployment, and interpretation of information that allows a business to acqui

avanturin [10]

Answer:

Explanation:

Market Intelligence System is a business analytics tool. What it does is that it analyses business data obtained from various sources- Customers, Competitors, supply chain, stores etc.

The data obtained is used to make necessary inferences all with an intent to retain, develop or acquire its customers.

A customer insight, or consumer insight on the other hand is an interpretation of trends in human behaviors which aims to increase the effectiveness of a product or service for the consumer, as well as increase sales for the financial benefit of those provisioning the product or service

Database is completely out of it as it is just a structured set of data held in a computer, especially one that is accessible in various ways.

7 0

3 years ago

A company increased the selling price for its product from $1.00 to $1.20 a unit when total fixed costs increased from $400,000

Ronch [10]

Answer:

The break -even units will decrease

Explanation:

Under the CVP analysis method, the break-even point is determined by dividing the fixed cost by the contribution margin per unit.

i.e., Break-even point equal to fixed cost

contribution margin per unit

The contribution margin per unit is obtained by subtracting variable costs from the selling price.

For this company, there have been changes in the selling price and the fixed costs.

The price has changed from $1.00 to $1.20, as a percentage change

=$1.20 -1.00 = $0.20

=$0.20/1 x 100 =20% increase in price

The fixed costs have changed from 400,000 to 450,000, as a percentage change

=$450,000 -$400,000= $50,000

=$50,000/ $400,000 x 100 = 12.5 %

The selling price has increased by a bigger percentage than the fixed costs.

In calculating the break-even point, The numerator (fixed will have increased by a smaller margin compared to the contribution margin per unit.

Mathematically, the break-even units will decrease, the denominator will be relatively greater than the numerator

3 0

3 years ago