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3 years ago

Over the period of a year, Sam’s net worth increased. Which of the following could be true?

Business

2 answers:

s344n2d4d5 [400]3 years ago

6 0

Answer:

c on edge

Explanation:

lora16 [44]3 years ago

3 0

Answer:

The correct answer is c. Sam’s assets increased by more than his liabilities.

Explanation:

Taking into account the basic accounting equation (Assets - liabilities = equity), a greater variation on the side of the assets will always mean an increase in equity as long as the liabilities have a contrary behavior.

The theory of charge and credit refers to the effect that commercial transactions have on the equity equation. Each transaction affects the balance, changes the values in the equity without altering the balance of the opposition .

The theory of charge and credit is the set of rules that, based on the laws of equity, allow the registration of capital and other accounting facts through a system of accounts. In each of these transactions, at least two accounts act.

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The ecoist manufactures handbags out of excess packaging that would otherwise end up in landfills. this is an example of values

mina [271]

From the word itself, "values-led" business, this type of businesses are more inclined to doing what is right and moral by promoting values rather than thinking too much about the profit that comes from the sales of the manufactured goods. In the example above, the business leverages in the notion that recycling will lead to lesser pollution to the environment.

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3 years ago

Read 2 more answers

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a

kenny6666 [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Schell has a total of $39,060 in overhead.

Direct labor hours:

Standard= 400

Deluxe= 200

Machine hours:

Standard= 4,150

Deluxe= 3,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

1) Direct labor hours as allocation rate

Estimated manufacturing overhead rate= 39,060/600= $65.1 per direct labor hour

Now, we can allocate to each product line:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 65.1*400= $26,040

Deluxe= 65.1*200= $13,020

2) Machine hour as allocation rate:

Estimated manufacturing overhead rate= 39,060/7,150= $5.46 per machine hour

Now, we can allocate to each product line:

Standard= 5.46* 4,150= $22,659

Deluxe= 5.46*3,000= $16,380

7 0

3 years ago

Intricate Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate b

lisabon 2012 [21]

Answer:

Contribution Margin for each corporate customer= $ 67.5

Explanation:

Intricate Computer Solutions

Corporate Business Segment Individual Business Segment

Revenue. $ 60, 000 $ 45,000

Variable costs $ 33, 000 $ 25,100

Contribution Margin $ 27,000 $ 20,000

Less

Fixed costs $ 7, 500 $ 7, 500

Operating Income $19,500 $12,500

Contribution Margin for each corporate customer= Contribution Margin/ No Of Customers =$ 27000/ 400= $ 67.5

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3 years ago

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Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C

zavuch27 [327]

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

2. The products offered by sellers are close substitutes for the products offered by another seller.

3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

Know that the most distinguishable factor in this market is product differentiation or standardized products.

The extent to which the seller is successful in product differentiation determines pricing power in the market.

The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.

The economic profit will fall to zero in the long run because the entry costs are not high.

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3 years ago

*A product cost is Group of answer choices expensed in the period in which the product is manufactured shown with current liabil

inn [45]

Answer:

expensed in the period in which the product is manufactured.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

Generally, a product cost or the cost associated with the manufacturing of a particular product is expensed within the period in which it was manufactured by the firm.

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3 years ago