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gayaneshka [121]
3 years ago
15

Schickel Inc. regularly uses material B39U and currently has in stock 460 liters of the material for which it paid $3,128 severa

l weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.95 per liter. New stocks of the material can be purchased on the open market for $6.45 per liter, but it must be purchased in lots of 1,000 liters. You have been asked to determine the relevant cost of 760 liters of the material to be used in a job for a customer. The relevant cost of the 760 liters of material B39U is: A. $4,522 B. $4,672 C. $6,450 D. $4,902
Business
1 answer:
stira [4]3 years ago
6 0

Answer:

D. $4,902

Explanation:

Schickel Inc.

RELEVANT COST can be defined as the cost that are often said to be incurred only when making specific and important business decisions because this relevant cost is used to determine whether to sell or keep a business which is why relevant cost concept is useful for eliminating some information from a particular decision-making process.

Relevant cost=

New stocks of the material purchased for $6.45 per liter.

Relevant cost of 760 liters of the material to be used.

Hence;

= $6.45 per liter ×760 liters = $4,902

Therefore the relevant cost of the 760 liters of material B39U is $4,902

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Suppose you want to invest in ABC stock that does not pay any dividends. A share is trading at $100. You put $10,000 of your own
natta225 [31]

Answer:

A loss of 69%

Explanation:

Price per share $100

Equity invested $10,000

Funds taken from broker $10,000 at an Interest rate 9.00%

Total investment $20,000

Price change 30.00% less

Margin required 30.00%

Total shares purchased from investing = 200 shares

The shares decrease in value by 30%: $20,000 * 0.30 = $6,000.

You pay interest of = $10,000 * 0.09 = $900.

The rate of return will be:

"$6,000 - $900" /"$10,000" = - 0.69 = - 69%

7 0
3 years ago
Adam Smith believed that fair prices for goods are determined in a capitalist system:______ a) through competition between busin
Alexus [3.1K]

Answer:

The correct answer is A

Explanation:

Adam Smith is one of the first theorist who refer to the system of capitalism. Under this system, he asserts that when the person or an individual conduct or make a trade, they value what they bought more than they value what are exchanging for the commodity.

So, under this system, he believed that the fair as well as correct prices of the commodity or the goods will be determined through the competition among the businesses.

5 0
3 years ago
Data on total employment can be a good indicator of whether the economy is currently in a recession. This kind of data is called
Harrizon [31]
<h2>Statistics about "Economic activity".</h2>

Explanation:

Economic indicators as stated in the question is right and I am enriching the definition with few other pointers.

  • Analysis of Economic Performance
  • Future prediction on the Performance
  • Study of "Business cycle"
  • Includes various "surveys of economy", report on earnings, "summary of economy"
  • Help investors
  • Assess about the investment
  • Many indicators: a) Gross Domestic Product

                                     b) Employment indicator

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3 0
3 years ago
Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company
Gwar [14]

Answer:

The correct answer is:  Limited financial liability; Have corporate ownership structure ability; Owners have limited liability and right to votes

Explanation:

Limited liability company and limited liability partnership is a type of business structure where the business is a separate entity and the owners are not personally liable for companies debts. It combines the properties of a corporation and a partnership or sole proprietorship.

It has a corporate ownership structure. Its owners have limited liability.

5 0
4 years ago
Over time, 3M has relied on the results-only-work-environment (ROWE) framework and has morphed into a highly science-driven inno
katrin [286]

Answer: output controls.

Explanation:

The real-world scenario best illustrates output controls. Output control refers to the technique that is used in analysing the output that is provided by a firm.

Output control focuses on the measurable results that are within an organization. Since the company encourages its employees to spend 15 percent of their time on projects of their own choosing and the ones who looks promising are financed to develop their commercial potential, this refers to output controls.

6 0
3 years ago
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