Answer:
$303,072 - The Question is altered by the Students, so the options given are not correct.
Explanation:
In relevant cost the only cost relevant is the variable cost not the fixed costs. So differential cost would be the difference of the cost of purchasing and the cost of making the product at home, excludin the fixed cost.
Differential cost = Cost of purchasing Less Cost of making at home
Cost of purchasing one unit is $17 which is variable cost. Likewise the cost of making the part at home is $9 which is also 100% variable cost. So by putting values, we have:
Differential cost = 37,884 Units * $17 - 37,884 Units * $9 = $303,072
C. it’s just not something formal you would say on business communication.
Interest on the loan and homeowner's insurance and property taxes
Answer:
b. a debit to the Income Summary and a credit to the Revenues account for $75,000
Explanation:
As we know that
The closing entries are shown below:
1. Sales Revenue A/c Dr $75,000
To Income Summary A/c $75,000
(Being revenue account closed)
2. Income summary A/c Dr $62,000
To Expenses A/c $62,000
(Being the expenses accounts are closed)
3. Income summary A/c Dr $13,000 ($75,000 - $62,000)
To Owner's capital $13,000
(Being the difference is credited to owners capital)
Answer:
The correct answers are:
B.) in value.
B.) Tariffs and import quotas generally reduce economic welfare.
Explanation:
In the first case, both economists disagree on a value issue.
One of them believes that government programs cause more harm than good, while the other believes that it helps the less fortunate, this is an example that <u>the difference is in value, over whom the government helps.
</u>
Despite their differences, the proposition in wich this two economists are most likely to agree is Tariffs and import quotas generally reduce economic welfare.
Because both believe, at some point, that government participation in the economy is ineffective.
One believes that it is totally inefficient and another believes that it is only partially, therefore <u>both would agree on this.</u>