Answer:
Jason did a good job; everything is correct. (we can assume that he rounded the balance to whole dollars).
Explanation:
Since this is not organized and no picture is included, you cannot tell how Jason organized the accounts.
I used an excel spreadsheet to organize the check register because there is not enough room here.
Answer: and Explanation:
The computation of the markup percentage using the following cost is shown below:
a. Total cost
= Desired profit ÷ total cost
= $28 ÷ $89
= 31.46%
b. Under product cost
= Desired profit ÷ (total cost - seling & admin cost)
= ($28) ÷ ($89 - $14)
= 37.33%
c. Under variable cost
= Desired profit ÷ variable cost
= $28 ÷ $58
= 48.28%
By applying the above formulas we can easily calculate them
Although they become part of a larger product, "component parts" can often be easily identified and distinguished on the larger product.
<h3>
What is component parts?</h3>
They are goods that are bought and then immediately added to the finished product. Contrarily, processed materials need more processing before being used in the final product.
Some key features of component parts are-
- Component parts are used extensively by numerous industries, such as the auto industry.
- Spark plugs, sunroofs, windshields, and batteries are examples of component parts used by automakers.
- Additionally, they use a variety of processed materials, such as steel and upholstery fabric.
- Component part and processed material buyers have clear requirements for what they need.
- They may request bids from other businesses or they may collaborate directly with a company to design the parts or materials they need.
- In any instance, ongoing personal contact with the purchasers is necessary to be in a place to secure the business.
To know more about component parts, here
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Answer:
The correct statement is: "The fixed cost per unit will decrease when volume increases."
Explanation:
Total fixed costs remain the same within a relevant range, but the <em>fixed cost per unit</em> decreases as production increases, because the same fixed costs are spread over more units produced.
Answer:
:)
Explanation:
The cars it produces in the U.S. are added to U.S. GDP, but not U.S. GNP, as these cars use domestic factors of production (labor and resources), but are produced by a foreign nation. Conversely, the values are added to Japan's GNP, but not Japan's GDP.