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s2008m [1.1K]
3 years ago
7

Wally has a hobby. He likes making furniture. He finds that he gets many compliments on the furniture he makes. Why would it be

in Wally's best interest to go to a craft fair and sell some of his custom furniture?
A.If the cost of making the furniture was less than the price that Wally believes he would be able to sell it for
 B.If there were not many other people selling custom furniture at the craft fair
 C.If Wally believed that he would only be able to sell the furniture for less than the cost of the materials he used to make it
 D.If Wally determined that the demand for custom furniture was low
Business
2 answers:
Ainat [17]3 years ago
6 0

Answer:

The correct answer is actually a.

Explanation:

Alex777 [14]3 years ago
3 0
I think that it might be B. because it would make sense, since it says that it's all custom and he gets compliments for his work, therefore people would buy.
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Fishermen’s Corp. is considering purchasing a boat. If the boat was purchased, it is expected to receive $20,000 at the end of t
ozzi

Answer:

The boat today is worth 100,440 dollars

Explanation:

We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:

We will apply the formula for lump sum to each \frac{Maturity}{(1 + rate)^{time} } = PV  

cash flow and then add them together

\frac{20,000}{(1 + 0.08)^{1} } = PV  

\frac{40,000}{(1 + 0.08)^{2} } = PV  

\frac{60,000}{(1 + 0.08)^{3} } = PV  

Year Nominal     Present Value

1 20000  18, 518

2 40000 34,293

3 60000 47,630

TOTAL            100,441

5 0
3 years ago
Maritime Marine Company has total estimated factory overhead for the year of $986,800, divided into four activities: fabrication
Hatshy [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated costs:

fabrication= $386,400

assembly= $207,900

setup= $112,000

inspection= $280,500.

Fabrication Assembly Setup Inspection

Speedboat: 1,200 dlh 1,800 dlh 60 setups 600 inspections

Bass boat: 1,800 1,200 100 200

3,000 dlh 3,000 dlh 160 setups 800 inspections

First, we need to calculate the overhead rate for each activity:

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

fabrication= 386,400/3,000= $128.8 per direct labor hour

assembly= 207,900/3,000= $69.3 per direct labor hour

setup= 112,000/160= $700 per setup

inspection= 280,500/800= $350.63 per inspection

Now, we can allocate overhead to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Speedboat= 1,200*128.8 + 1,800*69.3 + 60*700 + 600*350.63

Speedboat= $531,678

Bass boat= 1,800* 128.8 + 1,200*69.3 + 100*700 + 200*350.63

Bass boat= 455,126

5 0
3 years ago
​________ occurs when economic benefits are distributed fairly. A. Equity B. Allocative efficiency C. Equality D. Productive eff
dlinn [17]

Answer: (A) Equity

Explanation:

  The equity is the term which refers to the concept of fairness in the economics concept as they providing the various types of economic benefits regarding the taxation and also the welfare of the economics.

The equity is basically relating to the fairness in terms of opportunity, various types of services and income and that are distributed between the various types of groups in the society.

 In an organization, the equity is one of the type of investor that share all the investing shares of the company and then it distributed fairy.

 Therefore, Option (A) is correct answer.  

3 0
3 years ago
In its first month of operation, Sheffield Corp. purchased 230 units of inventory for $9, then 330 units for $10, and finally 27
Llana [10]

Answer:

If the company uses FIFO, the gross income will increase by $500.

Explanation:

Giving the following information:

Purchases:

230 units of inventory for $9

330 units for $10

270 units for $11

At the end of the month, 310 units remained.

<u>The difference in gross profit is in the cost of goods sold. First, we will determine the number of units sold:</u>

<u></u>

Units sold= total units - ending inventory

Units sold= 830 - 310

Units sold= 520

<u>The FIFO method uses the cost of the firsts units incorporated into inventory. The LIFO method uses the cost of the lasts units incorporated into inventory.</u>

FIFO:

COGS= 230*9 + 290*10= $4,970

LIFO:

COGS= 270*11 + 250*10= $5,470

Difference= 5,470 - 4,970= $500

If the company uses FIFO, the gross income will increase by $500.

6 0
3 years ago
Gabriel, Harris and Ida are members of Jeweled Watches, LLC. What are their options with respect to the management of their firm
scoray [572]

Answer:

They could be a Member-managed Limited Liability Company or a Manager-managed Limited Liability Company.

Explanation:

A Limited Liability Company is usually run by two or more partners. In managing this type of company, the members might choose to manage the company themselves. This is known as a member-managed Limited Liability Company. In such cases, if any member makes a decision in behalf of the business, with his signature appended to it, such a decision is considered legally binding on all other members of the company. Every member also has a say in the company's decision-making.

If they choose to be a manager-managed Limited Liability Company, they can appoint one or more non-members to manage the company for them. They do not interfere with how the manager chooses to run the company. They can still make important decisions but this is quite limited. However, they can choose to remove the manager/managers as they will.

3 0
3 years ago
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