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3 years ago

The table below shows some hypothetical data on the costs associated with the use of a liter of gasoline in a European country.

Business

1 answer:

harina [27]3 years ago

7 0

Answer:

The private cost for an individual of a liter of gasoline in Europe is 4.75

Explanation:

Private cost is a supplier's or producer's cost of providing goods and services without any external cost.

Private cost = 0.50 + 1 + 0.75 + 2.50

= 4.75

Therefore, The private cost for an individual of a liter of gasoline in Europe is 4.75

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Assumes ABC Company had 50 units in beginning Finished Goods Inventory and sold 1,213 units. Additional data includes: Units pro

worty [1.4K]

Answer:

Dollar amount of ending Finished Goods Inventory = $1,073

Explanation:

The first step is to calculate the cost per unit.

Using absorption costing, the cost of one unit is

Cost per unit = direct materials + direct labor + variable manufacturing overhead + fixed manufacturing overhead per unit.

$Cost = 12 + 8 +2 + 7\\Cost = 29$

Now, the number of units left in inventory should be defined

Finished Goods Inventory (FGI) = Beginning Finished Goods Inventory + Units produced - units sold

$FGI = 50 +1200 - 1213\\FGI = 37$

The dollar amount of ending Finished Goods Inventory is FGI multiplied by the cost per unit.

$37*29 = 1,073$

3 0

3 years ago

Steve issues a 30-day negotiable promissory note, payable to the order of Henry, to cover the cost of Henry buying a car for Ste

Neporo4naja [7]

Answer:

As the bank manager, Steve should be informed that the promissory note met all conditions and the case cannot be seen in the same light as a fraud case because the bank had no reasons to suspect any kind of fraudulent activity as everything was filled correctly and no sign of tampering on the note, it was a genuine and verified promissory note. Aside from the amount and signature, there was nothing in the note to show the agreement that both Steve and Henry had, which is not going above $5,000.

So the bank has the right to collect all its money from Steve, it is a form of negligence on the part of Steve to leave the amount blank which Henry took advantage of.

Although Steve could sue Henry for going above the amount they both agreed on.

5 0

3 years ago

Bill is trying to decide what combination of bananas and apples to buy. A banana costs half as much as an apple. If no apples ar

tia_tia [17]

Answer:

To maximize utility, Bill can will buy one banana and one apple.

Explanation:

Utility maximisation refers to the concept that individuals and firms seek to get the highest satisfaction from their economic decisions.

For example, when deciding how to spend a fixed some, individuals will purchase the combination of goods/services that give the most satisfaction.

The theory of Utility maximization highlights two fators

combination of goods
Highest satisfaction that is cost effective

if a banana cost half as much as an apple,

Cost of banana = cost of apple/2

cost of apple - cost of banana × 2

Assuming the cost of one banana is $1

The cost of buying 6 bananas = 6×$1 = $6

the same $6 can only buy 3 apples

Therefore the price of apples is $2

If the total amount available = $6,

It can purchase one banana and one apple.

8 0

4 years ago

Johanna is excellent at applying tax law and other accounting principles in her job as a manager in her accounting firm. she has

kaheart [24]

Johana is at "Supervisory Management" level.

The theory suggests three levels which are:

1) Supervisory Management where a person has high technical and human skills but low conceptual skills which is the case with Johana.

2) Middle Management where a person possesses high human skills but medium technical and conceptual skills.

3) Top Management where an individual is high in human and conceptual skills but low in technical skills.

7 0

4 years ago

Serene City enacts an ordinance that bans the use of "sound amplifying systems" on public streets. Tyler wants to campaign for a

svp [43]

Available options are:

a. constitutional under the First Amendment.

b. an unconstitutional restriction of speech.

c. necessary to protect national interests.

d. justified by the need to protect individual rights

Answer:

Option A. Constitutional under the First Amendment.

Explanation:

The First Amendment gives several rights to the people of United which includes the freedom of religion, speech, press and filing of the petition in the courts. The court will look into the case whether or not the speech which the Tyler wants to broadcast endangers the security of United States or that the action threatens the rights of the peope (Tyler's supporters broadcast message at mid night within the city).

3 0

4 years ago