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3 years ago

Why is it important to protect profit motive in a mixed economy?

Business

2 answers:

OverLord2011 [107]3 years ago

5 0

<u>[APEX ANSWER]</u>

A. Profit motive ensures that companies and workers are encouraged to participate and thrive in the market.

Basile [38]3 years ago

3 0

Answer:

C. Profit motive ensures that companies and workers are encouraged to participate and thrive in the market.

Explanation:

The profit motive is the aspiration for an economical gain when participating in the economy. In this case, this desire maintains motivated the companies and workers.

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Bradford, Inc., expects to sell 9,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor i

Ierofanga [76]

Answer:

Direct material= $19,500

Direct labor= $78,000

Overhead= $19,500

Explanation:

Giving the following information:

Direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase.

The following inventory levels apply to 2019:

Beginning inventory - Ending inventory

Direct materials 3,000 units 3,000 units

Finished goods inventory 300 units 500 units

Sales= 9,000 units

First, we need to determine the number of units to be produced:

Production= sales + desired ending inventory - beginning inventory

Production= 9,000 + 500 - 3,000= 6,500

Purchases (direct material)= produciton + desired ending inventory - beginning inventory

Purchases= 6,500 + 3,000 - 3,000= 6,500

Now, we can calculate the budgeted costs:

Direct material= 3*6,500= $19,500

Direct labor= 12*6,500= $78,000

Overhead= 3*6,500= $19,500

8 0

3 years ago

You are valuing a company that is projected to generate a free cash flow of $16 million next year, growing at a stable 2.8% rate

Step2247 [10]

Answer:

$4.3

Explanation:

For computing the share price, first, we have to compute the Value of firm which is shown below

= Free cash flow ÷ (cost of capital - growth rate)

= $16 million ÷ (10.6% - 2.8%)

= $16 million ÷ 7.8%

= $205.12 million

Now find the equity value which equals to

= Value of firm - debt value + cash

= $205.12 million - $23 million + $8 million

= $190.12 million

And, the number of outstanding shares is 44 million

So, the price per share would equal to

= Equity value ÷ number of outstanding shares

= $190.12 million ÷ 44 million shares

= $4.3

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4 years ago

Which of the following type of income should a budget be based on

Luba_88 [7]

Investment property income should a budget be based

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3 years ago

QUESTION 8 of 10: You are counting your competitors in town. This number is a(n):

Sindrei [870]

Answer:B; Integer

Explanation:Integer is like a whole number(1,2,3,4, etc) it cannot be decimals. Since there can’t be 2.5 people, the answer is B- Integers

5 0

3 years ago

Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, m

DanielleElmas [232]

Answer:

Bavarian Chocolate Company

Blending Department

1. Cost of Production Report:

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

(See the workings of this report below.)

2. Change in direct materials cost per equivalent unit

Increase or Decrease

Materials Conversion

September $16.50 $6.005

October $16.51 $5.99

Amount $0.01 $0.015

Increase Decrease

Explanation:

a) Data and Calculations:

partial work in process account of the Blending Department at October 31, 2014:

Date Item Debit Credit Balance

Oct.1 Bal., 2,300 units, 3/5 completed 46,368

31 Direct materials, 26,000 units 429,000 475,368

31 Direct labor 100,560 575,928

31 Factory overhead 48,480 624,408

31 Goods transferred, 25,700 units 578,378 46,030

31 Bal., 2,600 units, 1/5 completed 46,030

Ending units in process:

Beginning units in process 2,300

Direct materials 26,000

Units available for production 28,300

Units transferred out 25,700

Ending units in process 2,600

Equivalent units of production: Materials Conversion

Units started and completed = 25,700 25,700 25,700

Ending WIP 2,600 2,600 520 (1/5 * 2,600)

Equivalent units produced 28,300 26,220

Cost per unit of direct materials = $429,000/26,000 = $16.50

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $466,950 $157,458

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.50 $6.005

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,050 $154,328 $578,378

Ending WIP (2,600/520) 42,900 3,130 46,030

Total $466,950 $157,458 $624,408

2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October.

Cost of production: Materials Conversion Total

Beginning WIP $38,295 $8,073 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $467,295 $157,113 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $467,295 $157,113

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.51 $5.99

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,307 $153,943 $578,250

Ending WIP (2,600/520) 42,926 3,115 46,041

Total $467,233 $157,058 $624,291

5 0

3 years ago