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Umnica [9.8K]
3 years ago
5

You were planning to spend Friday working at your part-time job, but a friend asks you to go kayaking.

Business
1 answer:
N76 [4]3 years ago
7 0

The statement that applies are the rental of ant kayak equipment you need the wages that you forgo by going kayaking and the fee for accessing the river in a national park

Explanation:

The true cost for going to a particular place includes all that costs that are included from moving to a place that includes all the wages and the vehicle cost

Here the opportunity costs includes the fee to go to the national park by crossing the river and the amount that is needed to be spent on the equipment and the wages that must be forgo by going to kayaking all these statements best includes the true costs of going to kayaking

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Suppose a city that operates local electric and natural gas companies wants to raise revenues by increasing its rates for electr
leva [86]

Answer: Inelastic

Explanation:

Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.

7 0
3 years ago
What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000
Nataly [62]

What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000?

a. $30,000

b. $ 3,000

c. $ 3,000,000

d. $300,010

Inventory is a collection of finished goods or items for manufacture held by a company for business purposes. The company could sell the inventory for profit. That means the products are finished and ready for selling as they are. Alternatively, the company could supply the goods to partner companies for further manufacturing. The products are then transformed or combined to become a different product. It depends on where the company is in the supply chain. Inventory is classed as a company asset. You note it as such on your balance sheet. The costs associated with buying, storing and selling inventory are tax-deductible expenses. The gross profit from the sale of inventory must be declared on your tax return as income. Making note of the expenses you incur from the inventory can lower your income tax amount.

Learn more about inventory here

brainly.com/question/14184995

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5 0
1 year ago
Sandy Shores Corporation operates two stores: J and K. The following information relates to J: Sales revenue$1,300,000 Variable
natulia [17]

Answer:

Sandy Shores Corporation

J's Segment Contribution Margin is:

= $700,000.

Explanation:

a) Data and Calculations:

Sales revenue                                        $1,300,000

Variable operating expenses                    600,000

Contribution                                             $700,000

Fixed expenses:

Traceable to J and controllable by J        275,000

Traceable to J and controllable by others 80,000

Total fixed expenses                                355,000

Net operating income                            $345,000

b) The contribution margin is the difference between total sales revenue and the variable costs.  The idea of segment contribution margin is that it covers the fixed expenses, whether controllable by the segment or not.

5 0
2 years ago
Different companies across different industries adopt any one of the five generic strategies to gain competitive advantage.
enyata [817]

Answer:

c. An online retailer delivers organic groceries overnight.

Explanation:

As Different companies in different industries follow any one of the five general strategies to gain competitive advantage.

so The online retailer distributes organic groceries overnight, using a low-cost provider strategy. This is due to the intense competition in online retailing.

so correct option is c. An online retailer delivers organic groceries overnight.

6 0
3 years ago
Luker Corporation uses a process costing system. The company had $160,500 of beginning Finished Goods Inventory on October 1. It
Tems11 [23]

Answer:

E. Debit Cost of Goods Sold $839,300; credit Finished Goods Inventory $839,300.

Explanation:

The journal entry is as follows

Cost of goods sold Dr $839,300

          To Finished goods inventory $839,300

(Being the cost of goods sold is recorded)

The computation is shown below:

= Beginning balance of finished goods inventory + transferred of goods completed - ending balance of finished goods inventory

= $160,500 + $837,000 - $158,200

= $839,300

4 0
3 years ago
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