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3 years ago

A substitute good is one that_________.

Business

1 answer:

melamori03 [73]3 years ago

3 0

Answer:

e. can be used in place of another good, fulfilling the same basic purpose

Explanation:

Substitute goods are products used in place of another when it becomes unavailable or beyond cost and even for other reasons. Such products are however only recognized as substitute products where it fulfills the basic purpose as the other.

For example, a person may choose to make a trip by train rather than by bus. The basic purpose of the bus is to get the person to a desired destination and where the train is used in place of the bus to get the person to the desired destination.

As such, the train is a substitute to the bus.

Hence the right option is e. can be used in place of another good, fulfilling the same basic purpose

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Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $29 in cash along with receipts for th

Korolek [52]

Answer:

Entries are posted

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

January 1 (Cash fund being recorded in petty cash)

Account Debit Credit

Petty Cash $140

Cash $140

January 8

Postage $46

transportation-in $14

delivery expenses, $16

miscellaneous expenses, $35

Cash $111

January 8 ( petty cash funds being increased )

Pettcash $50

Cash $50

8 0

4 years ago

Beloved Baby Company manufactures and sells children's strollers. Each stroller requires eight screws. For September, Beloved Ba

ololo11 [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Each stroller requires eight screws. For September, Beloved Baby Company will begin September with 380 screws in its beginning inventory, and budgets ending inventory to be 210. Beloved Baby Company has budgeted stroller sales of 530 strollers, while 570 strollers are scheduled to be produced

Production= 570*8= 4560

Ending inventory= 210

Beginning inventory= 380 (-)

Total= 4,390

8 0

3 years ago

Bundles of cedar shakes produced and sold 360,000 Sales revenue $ 2,412,000 Variable manufacturing expense $ 1,170,000 Fixed man

konstantin123 [22]

Answer:

0.343

Explanation:

Calculation for what The company's contribution margin ratio is closest to

First step is to calculate the Contribution margin using this formula

Contribution margin = Sales – Variable expenses

Let plug in the formula

Contribution margin= $2,412,000 – ($1,170,000 + $414,000)

Contribution margin= $2,412,000 – $1,584,000

Contribution margin= $828,000

Now let calculate the Contribution margin ratio using this formula

Contribution margin ratio = Contribution margin ÷ Sales

Let plug in the formula

Contribution margin ratio = $828,000 ÷ $2,412,000

Contribution margin ratio =0.343

Therefore The company's contribution margin ratio is closest to 0.343

4 0

3 years ago

Mara is a management consultant for a soda manufacturer that wants to expand into health drinks such as green tea and after-work

mezya [45]

Answer: To carefully consider choices over the period of time before jumping onto any conclusion and making a decision.

Explanation:

Here, in this particular case Mara should carefully take into consideration the choices provided before straightaway jumping onto a conclusion and thus finalizing about it.

Instead of taking choices of the organization as the discrete event. i.e. pondering onto it as a yes/no decision, Mara should take into consideration that the choices made by the organization tends to constitute the strategic method which unveils over a period of time.

5 0

4 years ago

Parkway Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory

IRINA_888 [86]

Answer:

$ 13.167 / unit

Explanation:

Data provided:

Beginning material cost = $ 126,000

Number of units in work in progress = 12,000 units

Material cost assigned = $ 32,000

thus,

the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000

Now,

the material cost per equivalent unit = Total material cost involved / number of units

on substituting the values, we have

the material cost per equivalent unit = $ 158,000 / 12,000

= $ 13.167 / unit

7 0

3 years ago