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inna [77]
3 years ago
14

Book Bound sells a wide variety of books to retail bookstores. Book Bound recently published two new books: a popular mystery no

vel and a much less popular history book. Book Bound requires bookstores to buy 15 copies of the history book for every 120 copies of the mystery novel ordered.
a. True
b. False
Business
1 answer:
neonofarm [45]3 years ago
3 0

Answer:

Option B - false, is the correct answer choice.

Explanation:

Book Bound sells a wide variety of books to retail bookstores - false.

Book Bound recently published two new books: a popular mystery novel and a much less popular history book - false.

Book Bound requires bookstores to buy 15 copies of the history book for every 120 copies of the mystery novel ordered - false.

Therefore, all the statements are false.

So, option B - false, is the correct answer choice.

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Answer:

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Equivalent-unit calculations are necessary to allocate manufacturing costs between: Multiple Choice cost of goods manufactured a
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Answer:

units completed and ending work in process.

Explanation:

Process costing can be defined as a cost accounting method used for assigning manufacturing or production costs to the units of goods produced by a business firm over a specific period of time. It is mostly used by firms that produce a large quantity of homogeneous or similar products on a continuous basis. Process costing typically uses more than one Work in Process Inventory account because costing at each stage of production or manufacturing process.

Basically, when manufacturing overhead costs of a business firm or company are applied to the cost of production in a process costing system, they are debited to the Work-in-Process inventory account.

In the manufacturing process, partially or partly completed goods that are still in the process of being converted into a finish product are defined as work-in-process inventories.

Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.

The equivalent-unit calculations is done by multiplying the number of partially completed physical goods by the percentage of completion.

Hence, equivalent-unit calculations are necessary to allocate manufacturing costs between units completed and ending work in process.

3 0
3 years ago
An important item that should be included within a job description is the job _______as this provides the situations or conditio
andreyandreev [35.5K]

Answer:

<em>An important item that should be included within a job description is the job </em><em><u>context</u></em><em><u> </u></em><em>as this provides the situations or conditions where the employee performs the job.</em>

6 0
3 years ago
The economy experiences an increase in the price level and a decrease in real domestic output. Which of the following is the lik
Veseljchak [2.6K]

Answer: Input Prices have increased.

Explanation:

When an Economy sees prices rising but at the same time productivity is falling, the likely cause of that is an increase in Input prices.

Input Prices are the prices of the raw materials and other goods needed to produce finished goods. If these prices should rise, it becomes more expensive for producers to produce and they will therefore reduce the amount of goods they produce. This reduction in Quantity leads to an increase win prices because according to the Law of Supply and Demand, if supply reduces and demand remains the same then prices must increase till a new equilibrium is reached.

For example, imagine a hypothetical Economy of Steel Makers. If the price of Iron changed from $5 to $10, producers who were producing 20 units of Steel will see their costs double and react by producing only 10 units of Steel to maintain cost margins thereby dropping Productivity.

The 20 units of Steel used to be sold in the market at $20 but now that the supply has dropped to 10 units, the price doubles to $40 to cater for this reduction in Quantity.

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3 years ago
Which of the following statements is FALSE? A venture capital firm is a limited partnership that specializes in raising money to
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Answer:

Venture capitalists typically control all of the seats on a start-up's board of directors, and often represents the single largest voting block on the board.

Explanation:

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