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EastWind [94]
3 years ago
14

Logan Corporation has 30 employees, 10 in "A-line," and 20 in "B-line." Logan incurred $180,000 in fringe benefits costs last ye

ar. How much in fringe benefit costs should be allocated to "A-line"?
a. $ 60,000
b. $120,000
c. $180,000
d. $ 90,000
d. $ 3,000
Business
1 answer:
fomenos3 years ago
3 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Logan Corporation has 30 employees, 10 in "A-line," and 20 in "B-line." Logan incurred $180,000 in fringe benefits costs last year.

First, we need to calculate the allocation rate based on number of employees:

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

Estimated allocation rate= 180,000/30= $6,000 per employee.

Now, we can allocate fringe costs to the A-line:

Allocated fringe costs= Estimated Estimated allocation rate* Actual amount of allocation base

Allocated fringe costs= 6,000*10= $60,000

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When the supply curve shifts to the right with the demand curve the equilibrium quantity increases.

<h3>What is the supply curve</h3>

This is the curve that is used to show the relative quantity that is produced by the producers for the market at a given price.

The demand curve on the other hand is a curve that is usdd to show the quantity demanded of goods by consumers at a given price.

Read more on the supply and demand curve here:

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5 0
2 years ago
An owner of a local salon realized that by decreasing the prices that she charges for haircuts, her revenue has increased. This
STALIN [3.7K]

Answer:

The correct answer is letter "A": ​The demand for her haircuts is elastic.

Explanation:

Elasticity is a feature of certain goods and services that affect their quantity demanded after a change in prices. The price elasticity of demand is calculated by dividing the percentage of change in quantity demanded by the percentage of change in price. Results equal to or greater than one (1) imply the demand for that product is elastic while results lower than 1 means the demand is inelastic.

Thus<em>, if a salon owner realizes her revenue increased after decreasing the haircut prices, it implies the demand for haircuts is elastic.</em>

4 0
3 years ago
The Phillips family has a joint gross monthly income of $11,300. The $499 lease payment for their car expires in four months. A
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Answer:

24%

Explanation:

Calculation to determine their housing ratio

Using this formula

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Let plug in the formula

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Therefore their housing ratio is 24%

8 0
2 years ago
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gtnhenbr [62]

Answer:

measures the value that a buyer places on a good.

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.

Willingness to pay measures the value that a buyer places on a good or product. Thus, when this value is high, the customer would ultimately buy a product and vice-versa.

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High-performance teams are characterized by: members with only individual accountability. members with specialty skills rather t
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Answer:

extensive communication mechanisms.

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