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3 years ago

Select the correct answer.

Business

1 answer:

BabaBlast [244]3 years ago

6 0

Answer:

The Exhaustible resources are scarce.

Explanation:

The Exhaustible resources are scarce. Exhaustible resources are the natural resources which are limited and takes years to form. They can be easily exhausted or depleted by the human activity. Exhaustible resources are- oil, gas, coal, etc.

Inexhaustible resources are the resources which can not be depleted by the human activity for example water energy, solar energy, wind energy, etc. Therefore Exhaustible resources are scarce as they cannot be formed quickly after use.

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Information concerning a product produced by Ender Company appears here: Sales price per unit $ 164 Variable cost per unit $ 94

Alex17521 [72]

Answer:

Results are below.

Explanation:

To calculate the unitary contribution margin, we need to use the following formula:

Contribution margin= selling price - unitary variable cost

Contribution margin= 164 - 94

Contribution margin= $70

Now, to determine the break-even point in units and sales dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 434,000 / 70

Break-even point in units= 6,200

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 434,000 / (70 / 164)

Break-even point (dollars)= $1,016,800

The desired profit is $182,000:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (434,000 + 182,000) / 70

Break-even point in units= 8,800

Finally, the margin of safety in units, sales dollars, and as a percentage:

Margin of safety (units)= (current sales level - break-even point)

Margin of safety (units)= 8,800 - 6,200

Margin of safety (units)= 2,600

Margin of safety (dollars)= (8,800*164) - 1,016,800

Margin of safety (dollars)= $426,400

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 426,400 / 1,443,200

Margin of safety ratio= 0.295

7 0

4 years ago

Joanna received $60,000 compensation from her employer, the value of her stock in ABC company appreciated by $5,000 during the y

Aleks [24]

Answer:

The amount of Joanna's gross income from these items is $60,000.

Explanation:

Gross income = $60,000

Only the compensation from her employee should be considered here. Since the stock is not sold, its appreciation has no value.

A life insurance proceeds is a tax-free item, therefore not to be included in gross income.

Therefore, The amount of Joanna's gross income from these items is $60,000.

3 0

3 years ago

A produce distributor uses 776 packing crates a month, which it purchases at a cost of $9 each. The manager has assigned an annu

Westkost [7]

Answer:

$261.42

Explanation:

economic order quantity (EOQ) = √(2SD/H)

S = cost per order = $31

D = annual demand = 776 x 12 = 9,312

H = holding cost = $9 x 36% = $3.24

EOQ = √[(2 x $31 x 9,312) / $3.24] = √178,192.59 = 422.13 ≈ 422

total ordering and holding costs considering EOQ:

ordering costs = (9,312 / 422) x $31 = $684.06

holding costs = $3.24 x (422/2) = $683.64

total = $1,367.70

current costs:

ordering costs = $31 x 12 = $372

holding costs = $3.24 x (776/2) = $1,257.12

total = $1,629.12

annual savings = $1,629.12 - $1,367.70 = $261.42

3 0

3 years ago

A document that totals what the customer owes is called _____.

AnnZ [28]

Your answer is
B. an invoice

6 0

4 years ago

During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $229,13

Naya [18.7K]

Answer:

Assets will be overstated and Net Income understated

Explanation:

The effect on the balance sheet and income statement

Balance Sheet :

Inventory will be overstated

Inventory belongs to the Current Asset group

Meaning Assets will be overstated

Income Statement :

Inventory will be overstated

This reduces cost of sales with an amount greater

Meaning Profits will be overstated

Conclusion

The effect on the balance sheet and income statement would be : Assets will be overstated and Net Income understated.

6 0

3 years ago