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3 years ago

2. Which of the following is NOT considered as a characteristic of an entrepreneur?

Business

1 answer:

Viktor [21]3 years ago

3 0

Answer:

Dependent

Explanation:

Analyzing the given options one after the other.

- Cope with failure: As an entrepreneur, one should be able to cope with failure. One should see failure as a setback but rather as a stepping stone to bounce back.

- Persistent: A person who is to be called an entrepreneur has to be determined to succeed and never relent.

- Dependent: An entrepreneur is an independent person and never relies on others for survival.

-Opportunity Seeker: An entrepreneur constantly seek for opportunities and immediately grasp it whenever he sees one

So, the odd one out of the given options is Dependent

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Overton Company has gathered the following information. Units in beginning work in process 20,300 Units started into production

storchak [24]

Answer:

a. Materials = 206,000 units and Conversion costs = 196,040 units

b. Materials = $0.50 and Conversion costs = $2.65

c. Costs to units transferred out = $570,465 and Costs to units in process = $59,511

Explanation:

a. Calculation of Equivalent Units of Production for Materials and for Conversion costs

Units Completed and Transferred = Units in beginning work in process + Units started into production - Units in ending work in process

= 20,300 + 185,700 - 24,900

= 181,100

Materials

Units Completed and Transferred (181,100 × 100%) = 181,100

Units in Ending Work in Process (24,900 × 100%) = 24,900

Equivalent Units of Production = 206,000

Conversion costs

Units Completed and Transferred (181,100 × 100%) = 181,100

Units in Ending Work in Process (24,900 × 60%) = 14,940

Equivalent Units of Production = 196,040

b. Calculation of the unit costs of production.

Unit costs of production = Total Cost / Equivalent Units of Production

Materials = $103,000 / 206,000

= $0.50

Conversion costs = ($333,306 + $186,200) / 196,040

= $2.65

Total Unit Cost = $0.50 + $2.65

= $3.15

c. Assignment of costs to units transferred out and in process.

Costs to units transferred out = 181,100 × $3.15

= $570,465

Costs to units in process

Materials ($0.50 × 24,900) = $12,450

Conversion costs ($3.15 × 14,940) = $47,061

Total Cost = $59,511

8 0

3 years ago

Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system wi

Anna35 [415]

Answer:

the total manufacturing cost assigned to Job P90 is $3,792

Explanation:

The computation of the total manufacturing cost assigned to Job P90 is given below:

But before that the predetermined overhead rate should be calculated

So,

= ($2,800,000 ÷ 200,000) + $2

= $16

Now the total manufacturing cost is

= $1,472 + $1,056 + 79 × $16

= $3,792

hence, the total manufacturing cost assigned to Job P90 is $3,792

5 0

3 years ago

A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 19,

ANTONII [103]

Answer:

Incremental income as scrap=$66,500

Incremental income when re-worked= $81,700

Explanation:

Unit contribution from selling as scrap is the equal to the scrap value = 3.50

Unit contribution when reworked and sold as scrap =Selling price - cost of re-work= $8.90-4.60= $4.3

Incremental income as scrap = $3.50×19,000= $66,500

Incremental income when re-worked= $4.3 × 19,000 = $81,700

Incremental income as scrap=$66,500

Incremental income when re-worked= $81,700

5 0

3 years ago

Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans? open‑market sale fractional banking re

balu736 [363]

Answer:

Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans?

discount rate

the discount rate is the interest rate that the Federal Reserve System charges banks for the loans it makes. The overnight rate or the federal funds rate is even lower, but it lasts a few hours only.

Select the charge the Fed levies on banks borrowing funds that would result in the smallest increase in the money supply.

two percentage points above the private level

the higher the interest rate, the lower the increase in the money supply.

3 0

3 years ago

When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that ap

Thepotemich [5.8K]

Answer:

a. The quality of rental housing units falls

c. The quantity of available rental housing units falls.

Explanation:

As the landlord cannot receive a desired return for their investment they will stop improving and doing proper maintenance of the property to obtain it.

They will also be less likely to rent and would prefer to sale and move away from the real-state investment business in the region to more profitable region or better business. This will make the ernt go up as there is less offer as well so the policy backfires.

Stoping the market to work property will cause market failures and the outcome won't be the desired

7 0

3 years ago