Answer:
Explanation:
1) The total cost of reducing runoff if the farmers are not allowed to trade permits is:
total loss = farmer A' loss + farmer B's loss
where:
- farmer A's loss = (100 - 50) x $25 = $1,250
- farmer B's loss = (100 - 50) x $50 = $2,500
total loss = $1,250 + $2,500 = $3,750
2) The total cost of reducing runoff if the farmers are allowed to trade permits is:
Since farmer A will be willing to sell his permits to farmer B for a price that is ≥ $25 and ≤ $50, the total cost of reducing runoff is $2,500.
If farmer A sells his runoff permit at a price higher than $25 his costs will decrease but farmer B's costs will increase, so any gain due to price change is offset by the other farmer's loss.
Answer:
B.
Explanation:
Credit card is one of the most common way of making payment while a customer purchases anything in the market. The credit card company charge an amount that is payable by the seller.Thus, it is an expense for the one selling the product.
Given:
Credit card fee: 2%
Sales = $2,700
Credit card charges can be calculated as:
Credit card charges = Sales*Credit card fee
Credit card charges = $2,700*2%
Credit card charges = $54
Now, credit card charge is an expense so it will be debited. The amount is yet to be received so accounts receivable will also be debited. The revenue has been earned so it will be credited.
Thus, the journal entry for the given transaction has been attached below:
Answer:
Predetermined manufacturing overhead rate= $37.28 per direct labor hour
Explanation:
Giving the following information:
Estimated overhead= 3,700,000 + 960,000= $4,660,000
Estimated direct labor hours= 125,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 4,660,000/125,000
Predetermined manufacturing overhead rate= $37.28 per direct labor hour
Answer:
D) By creating a new ad group for the sale.
A) By setting campaign start/end dates.
Explanation:
Swee Yin must first create a new ad group in order for their campaign and products to show up on search results whenever google user search any related item or topic. Since this campaign only last a limited time, Swee Yin must set when the campaign starts and when it should end. They could post there campaign ads in both google search network and google display.