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3 years ago

In a free-market system, producers are most strongly driven by which of the

Business

1 answer:

Molodets [167]3 years ago

3 0

Answer:

The correct answer is (B)

Explanation:

Producers are influenced by the benefits and profits they hope to pick up from the products or administrations in a free market economy. The idea of producers is to create goods and services and sell them at maximum profits because they feel consumer will buy their products because they need them. A profit motive is generally beneficial to the overall economy of the country. It is expected to give a motivating force to create productivity and development.

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Petra Company uses standard costs for cost control and internal reporting. Fixed costs are budgeted at $36,000 per month at a no

il63 [147K]

Answer: tough

Explanation:

8 0

4 years ago

A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.

Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

6 0

3 years ago

When independent measurers get similar results when using the same accounting measurement methods, the financial information is:

Deffense [45]

Answer: verifiable

Explanation:

A financial information is verifiable when the independent measurers get similar results when using the same accounting measurement methods.

In this scenario, the independent measures use thesame method but do their work separately without them knowing the results gotten by the other person. When there's similarity in the results, it shows that the results are verifiable.

6 0

3 years ago

using a computerized inventory management system, a paint supply store franchise continuously monitors the inventory of all the

NemiM [27]

Holding costs if 40% of the purchase price per gallon per year. The total annual inventory cost for the company's current policy is $1,487.56.

The total cost of annual holdings and yearly service fees is included in the annual index cost.

This can be estimated by:

Cost of ordering = $35

Ordering number = 90 gallons

Price = $4.00

Cost of holding = 40% × 4 = 1.6 per unit per year

Weekly needs = 70 gallons

Number of weeks in a year = 52

Yearly demand = 52 × 70 = 3630

Numbers of orders = 3640/90 = 40.444

Total ordering price = 40.444 × 35 = 1415.56

Inventory holding amount = 90/2 × 1.6 = $72

Total inventory cost = 1,415.56 + $72 = $1,487.56

Therefore, the total annual inventory cost will be $1,487.56.

To learn more about annual inventory cost

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5 0

2 years ago

A. The Grey Manufacturing Company has two service departments: Maintenance and Accounting. The Maintenance Department's costs of

Debora [2.8K]

Answer:

due to the limitation of brainly text document kindly check the attached images below to see the proper and organized accounting table containing the answer to the question

Explanation:

Allocation of service costs - Accounting

Particulars Calculation Maintenance Dept A Dept B Total

Number of

employees Given 2 8 4 14

Cost to be allocated $120,000 x 2/14 $17,142.86

$120,000 x 8/14 $68,571.43

$120,000 x 4/14 $ 34,285.71$

1,20,000.00

Allocation of service costs - Maintenance

Particulars Calculation Dept A Dept B Total

Machine hours Given 2300 200 2500

Cost to be allocated $317,142x 2300/2500 $ 2,91,771.43

$317,142x 200/2500 $ 25,371.43 $ 3,17,142.86

Particulars Maintenance Accounting Department A Department B

Department cost before allocation $ 3,00,000.00 $ 1,20,000.00 $ 3,00,000.00 $ 5,00,000.00

Allocation:

Accounting Department $ 17,142.86 $ -1,20,000.00 $ 68,571.43 $ 34,285.71

Balance $ 3,17,142.86 $ - $ 3,68,571.43 $ 5,34,285.71

Maintenance Department $ -3,17,142.86 $ 2,91,771.43 $ 25,371.43

Total Costs after allocation $ - $ 6,60,342.86 $ 5,59,657.14

B. The joint cost to be allocated to product X will be in the proportion of Net realizable value at the point of split off. Further total joint costs should be reduced by the revenue from by product Z.

4 0

3 years ago