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vodomira [7]
3 years ago
7

Terrence Corporation plans to sell 35,000 units of its single product in March. The company has 2,200 units in its March 1 finis

hed-goods inventory and anticipates having 1,800 completed units in inventory on March 31. On the basis of this information, how many units does Terrence plan to produce during March
Business
1 answer:
KatRina [158]3 years ago
8 0

Answer:

Budgeted production in units = 34,600 units.

Explanation:

Budgeted production in units = Budgeted sales + Ending finished goods inventory - Beginning finished goods inventory

Given,

Budgeted sales = 35,000 units

Ending finished goods inventory = 1,800 units

Beginning finished goods inventory = 2,200 units

Putting the values into the formula, we can get

Budgeted production in units = Budgeted sales + Ending finished goods inventory - Beginning finished goods inventory

or, Budgeted production = 35,000 + 1,800 - 2,200

or, Budgeted production = 36,800 - 2,200

or, Budgeted production = 34,600 units.

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A deadweight loss is a consequence of a tax on a good because the tax a. induces the government to increase its expenditures. b.
zalisa [80]

Answer:

B) induces buyers to consume less, and sellers to produce less.

Explanation:

Taxes are a necessary evil since they always increase the price of the goods and services that consumers buy and decrease the amount of money that producers receive from selling their goods and services. But taxes are necessary and unavoidable.

But once a market assumes all the effects of existing taxes it reaches an equilibrium price that both consumers and producers are satisfied with. If a new tax is levied than the deadweight losses are greater since consumer surplus and producer surplus are both reduced. This will lead to a reduction in the incentive that both consumers and producers have to engage in transactions. Many times consumers will substitute heavily taxed goods for other goods since they feel they are getting more from consuming those goods (consumer surplus). The same happens to producers, many producers will change their heavily taxed goods for other goods.

If the price elasticity of demand or supply of a certain good is large (elastic demand and supply), the deadweight loss will be greater.

7 0
3 years ago
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in Au
blsea [12.9K]

Answer:

$ 2,100.00 F

Explanation:

Preparation of the report showing the company's revenue and spending variances for August.

QUILCENE OYSTERIA

REVENUE AND SPENDING VARIANCES

For the Month Ended August 31

Actual Results Flexible Budget

Revenue and Spending Variances

Pounds 8,000 8,000

Revenue ($4.00q) $

35,200- $32,000 =$3,200 F

Expenses:

Packing supplies ($0.50q)

4,200-4,000=200 U

Oyster bed maintenance ($3,200)

3,100-3,200=100 F

Wages and salaries ($2,900 + $0.30q) 5,640-5,300=340 U

Shipping ($0.80q)

6,950-6,400=550 U

Utilities ($830) 810-830=20 F

Other

($450 + $0.05q) 980 -850=130 U

TOTAL EXPENSE

21,680 20,580 1,100 U

NET OPERATING INCOME

$ 13,520 $ 11,420 $ 2,100 F

(35,200-21,680=$ 13,520)

($32,000-20,580=$11,420)

($3,200-1,100=$2,100)

Summary:

Quilcene Oysteria

Revenues and Spending Variance

For the Month ended August 31

Revenue $ 3,200.00 F

Expenses:

Packing supplies $ 200.00 U

Oyster Bed Maintenance $ 100.00 F

Wages and Salaries $ 340.00 U

Shipping $ 550.00 U

Utilities $ 20.00 F

Other $ 130.00 U

Total Expenses $ 1,100.00 U

Net Operating Income $ 2,100.00 F

Therefore the company's revenue and spending variances for August will be :$ 2,100.00 F

7 0
3 years ago
Sunland’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $21000 Direct Labor 6000
algol13

Answer:

$9,000

Explanation:

Total variable cost of manufacturing the components are as follows;

Direct materials $21,000

Direct labor 6,000

Variable overhead 3,000

————

Total $30,000

If we purchase the cost is $39,000 and the company is indifferent if they will manufacture or purchase. Therefore;

$39,000 - 30,000 = $9,000 (unavoidable fixed cost)

7 0
3 years ago
Darla is going to start writing the HTML code for a web page. What would she start with?
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HTML stands for Hyper Text Markup Language and describes the structure of Web pages using markup.

Darla, who is going to start writing the HTML code for a web page should start with the opening tag. Correct answer: D

HTML tags are element names surrounded by angle brackets. They come in pairs like <p> and </p>. The first tag in a pair is the opening tag, or also called the start tag.

8 0
3 years ago
If a firm is looking at market size and population growth rate which component of a country market analysis does this represent?
Margarita [4]
The awnser is economic analysis
3 0
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