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3 years ago

Lamar has 20 Oranges and 15 Apples

Business

1 answer:

zhuklara [117]3 years ago

7 0

Answer:

The Edgeworth-Bowley Fund basically has financial information provided by the two economic actors participating in the exchange. In this way, the indifference curves and the assigned quantities (initial allocations) of the two goods present in their respective consumption baskets are included.

By means of a square both individuals face each other, as two opposite diagrams. The first is located in the lower left corner and the second in the upper right (points 0). Alternatively, the ordinate and abscissa axes are used to represent the quantities of each merchandise, with the result that the width of the box is the quantity of good 1 and the height is that of good 2.

Then, taking into account the box built and the distribution of the products, the indifference curves of each part are drawn.

Explanation:

The Edgeworth box for the proposed exercise is attached as an attachment below:

Please download the attached file, we can see the indifference curves of each part for both Lamar and Maria.

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That speaker tends to closed-minded and impulsive.
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2 years ago

Job 101 was completed and sold for $60,000. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead cos

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Answer:

Required 1

Debit : Finished Goods $53,600

Credit : Work In Process $53,600

Required 2

Debit : Cash $60,000

Debit : Cost of Goods Sold $55,000

Credit : Sales $60,000

Credit : Finished Goods $55,000

Required 3

Debit : Overheads $4,000

Credit : Cost of Sales $4,000

Explanation :

Hi, I have attached the full question as a pdf below

Manufacturing Costs Calculations :

Job 101 = $19,200 + $28,800 + ($420,000/60,000 x1,000) = $55,000

Job 102 = $14,400 + $11,200 + ($420,000/60,000 x4,000) = $53,600

Closing Overheads :

Actual Overheads = $45,000

Applied Overheads = $420,000/60,000 x 7,000 hours = $49,000

Therefore,

Overheads are over-applied ( by $4,000) and must be deducted from cost of sales

Download pdf

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3 years ago

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2 years ago

Jasmine started a new business in the current year. She incurred $18,000 of start-up costs. How much of the start-up costs can b

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Answer:

$5,000

Explanation:

According to the Internal Revenue Service, the amount of deduction for startup costs would be limited to $5,000 if the startup costs are $50,000 or less

However, if the start-up costs were more than $50,000, the deduction would be decreased by the dollar amount.

Since in the given scenario, the $18,000 is the startup cost so she is eligible for the deduction of $5,000

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3 years ago

On August 1, Red Company purchased computer equipment for $10,000 cash and also gave 100 shares of White common stock that Red C

hodyreva [135]

Answer:

Explanation:

A capitalized cost of an asset is made up of

1 . Purchase price import duties and non refundable taxes less trade discount and rebate

2. Direct cost of bringing the asset to its present position

3. Fair value given in exchange for the the assets

Cost of Computer

Purchase Price - $10,000

Fair value of White common stock - $4,200

Installation cost - $ 700

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Total Cost - $15,400

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2 years ago