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3 years ago

9

As the owner of a small business, Zebadiah is deciding what materials he should use to make the softest teddy bears on the marke

t. Zebadiah is solving which key question of economics?

1 answer:

creativ13 [48]3 years ago

4 0

Explanation:

Based on oligopoly market forms, Zebadiah is using the idea of interdependence to take the right decision for his teddy products.

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Kohl's Corporation decided to discontinue its Kohl's credit card operations. What factors would this department store company ha

mart [117]

Answer:

The most likely factor that this department store company would have considered in discontinuing its credit card operations is the issue of bad debt.

Bad debt may likely have prevented them from making the required profit to cater for the needs of the company such as payment of salaries and purchase of goods which if not treated may lead to the collapse of the company.

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3 years ago

The following partially completed process cost summary describes the July production activities of Ashad Company. Its production

xeze [42]

Answer:

Units Transferred Out $ 663750

Work In Process Ending $ 30440

Direct Materials Costs $ 11.5 per EUP Conversion Costs$6.2 per EUP

Explanation:

Ashad Company

Weighted Average Method

Cost Of Production Report

Equivalent Units of Production

Direct Materials Conversion

Units transferred out 37,500 EUP 37,500 EUP

<u>Units of ending work in process 2,000 EUP 1,200 EUP</u>

<u>Equivalent units of production 39,500 EUP 38,700 EUP</u>

Costs Added

Direct Materials Conversion

Costs of beginning work in

process $13,450 $1,860

<u>Costs incurred this period 440,800 238,080</u>

<u>Total costs $454,250 $239,940 </u>

<u />

Costs per EUP

Direct Materials Conversion

$454,250/ 39,500 EUP $239,940/38,700 EUP

= $ 11.5 per EUP = $6.2 per EUP

Dividing the costs with EUP gives cost per EUP.

Costs Accounted For

Units Transferred Out $ 663750

Materials = $ 11.5 * 37500=$ 431250

Conversion= $ 6.2 * 37500=$ 232500

Total = $ 663750

Work In Process Ending $ 30440

Materials = $ 11.5 * 2000=$ 23000

Conversion= $ 6.2 * 1200=$ 7440

Total = $ 30440

Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.

$ 663750+$ 30440 = $454,250 + $239,940

$ 694190 = $ 694190

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3 years ago

Fixed cost per unit is inversely proportional to the volume of units produced.

Levart [38]

True. Fixed cost per unit is inversely proportional to the volume of units produced.

Fixed costs per unit are inversely proportional to the volume produced because depending on the amount of units made, the amount spent on fixed costs is then based. Because they are related to one another, this statement is true.

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3 years ago

Suppose you use your entrepreneurial spirit and economics training to start your own business. In your first year of work, you a

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The total amount of social insurance taxes you owe the federal government is $3,596.

The social insurance taxes will be tax rate (6.2%) of gross income amount of $58,000 which is calculated using this formula

Social insurance taxes=Social security tax rate× Gross income

Where:

Social security tax rate=6.2%

Gross income=$58,000

Let plug in the formula

Social insurance tax=6.2%×$58,000

Social insurance tax=$3,596

Inconclusion the total amount of social insurance taxes you owe the federal government is $3,596.

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2 years ago

The accounts used by a business can be kept on pages or cards, which are kept together in a book or file called a(n) ___________

mel-nik [20]

The accounts used by a business can be kept on pages or cards, which are kept together in a book or file called .. Ledger.

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2 years ago