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Ksenya-84 [330]
2 years ago
7

The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their hor

ses when winter arrived. Hay can be purchased "up north" for $4 a bale and a few entrepreneurs with large trailers were more than willing to pick up a few hundred bales and haul them south where demand was high. The transportation cost was $6 per bale and a packing and loading cost of $1 was typical. The landed cost of a bale of hay this winter was:
Business
1 answer:
igor_vitrenko [27]2 years ago
5 0

Answer:

The options are given below:

A. $10.

B. $4.

C. $6.

D. $11.

The correct options is D.

Explanation:

Landed cost refers to the total price of a product or shipment once it has arrived at a buyer's doorstep. It includes the original price of the product, the transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.

Therefore, in calculating the landed cost of the question above, we sum all the costs incurred thus:

Purchase price = $4

Transportation cost = $6

Packing and loading cost = $1

Landing cost = $4 + $6 + $1 = $11.

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The minimum rate of return demanded by the firm is 12%. The closest turnover in the division is 4.02. Here option B is the correct answer.

A company's turnover is the total of its sales during a specific time period. It is sometimes referred to as "income" or "gross revenue."

The typical quantity of assets required to carry out continuing business activities is referred to as average operational assets. This number may be incorporated into the operational assets ratio, which evaluates how much of these assets make up overall assets owned by a company.

Divide the total number of separations that took place within the specified time period by the average number of employees to get your turnover rate. To express that amount as a percentage, multiply it by 100.

Turnover = Sales/Average operating assets

= 25720000/6400000

Turnover = 4.02

To learn more about turnover

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7 0
1 year ago
​a capitalist system depends on fair competition among businesses to:
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A capitalist system will depend on fair completion among business with the following; driving lower quality, higher quality or other choices in which will affect the system. With this, it is namely referred to as the right to fair competition which is being done by people competing in business.

7 0
3 years ago
The projected benefit obligation: Multiple Choice contains periodic service cost, accrued interest, revised estimates, plan amen
alukav5142 [94]

Answer:

is the present value of retirement benefits calculated by applying the pension formula in which the actuary includes projected salaries in the pension formula.

Explanation:

The Projected Benefit Obligation (PBO) is the present value of retirement benefits calculated by applying the pension formula in which the actuary includes projected salaries in the pension formula.

PBO is estimated by actuaries by applying the expected future increase in salaries, discount rate and a number of other factors.

To calculate projected benefit obligation, you subtract the pension plan's funded status from the fair value of the plan's assets.

4 0
3 years ago
Today, you turn 23. your birthday wish is that you will be a millionaire by your 40th birthday. in an attempt to reach this goal
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3 years ago
Diego Company manufactures one product that is sold for $73 per unit in two geographic regions—the East and West regions. The fo
I am Lyosha [343]

Answer:

Net operating income= (28,000)

Explanation:

Giving the following information:

Selling price per unit= $73

Total unitary variable production cost= (24 + 16 + 2 + 3)= $45

Fixed manufacturing overhead $ 784,000

Fixed selling and administrative expense $ 672,000

<u>Under the variable costing method, the fixed manufacturing overhead is a period cost instead of a product cost.</u>

<u />

Variable costing income statement:

Sales= 73*51,000= 3,723,000

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Fixed selling and administrative expense= (672,000)

Net operating income= (28,000)

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3 years ago
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