Answer:
$ 13.17
Explanation:
Data provided :
Material cost in the beginning = $ 126,000
Additional material cost = $ 32,000
thus,
the total material cost = $ 126,000 + $ 32,000 = $ 158,000
Units in the work in progress = 12,000 units
Therefore, the material cost per unit for July = (Total material cost) / (Units being produced)
on substituting the values in the above relation, we get
he material cost per unit for July = ( $ 158,000 ) / ( 12,000 units )
= $ 13.1667 ≈ $ 13.17
Alpha's Pizza and Bravo's Pizza are two restaurants that are in a horizontal conflict known as a price war. This conflict will most likely have a positive impact on consumers by reducing prices.
Explanation:
The price conflict or war between two companies will affect the customers positively as they both the companies will try to attract more consumers by reducing their price.
This form of market is known as perfect competition where the consumers will buy from the manufactures which has lower price in comparison of other (same) product manufacturer.
Answer:
It must be paid within one year or the operating cycle, whichever is shorter.
Explanation:
Current liabilities are short term obligations that a company needs to pay within the current financial year. Companies use current assets to offset their current liabilities. Examples of current liabilities include accounts payable, interest payable on outstanding loans, dividends payables, and long term debts maturing within the current financial year.
A business needs to monitor its levels of current liabilities to ensure it has sufficient current assets to pay them. There are situations where a company finds it necessary to obtain a loan to finance its current liabilities. The inability to pay current debts consistently may be indicative of more profound financial challenges within the organization.
