Answer:
Mark's individual consumer surplus is $10.
Explanation:
Mark and Rasheed are at the bookstore buying new calculators for the semester.
Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.
The price for a calculator at the bookstore is $65.
The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.
Mark's individual consumer surplus
= Price mark was willing to pay - Price he actually has to pay
= $75 - $65
= $10
Answer:
(A) 74,400
Explanation:
The computation of the equivalent unit is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (72,000 units × 100%) + (8,000 units × 30%)
= $72,000 units + 2,400 units
= $74,400 units
For computing the equivalent units,we have to consider both the units which are mentioned in the question.
Answer:
Revenue - 2016 = $60000
Explanation:
The accrual basis of accounting which follow the accrual principle states that the revenues and expenses for a period should match and should be recorded in the periods to which they pertain to. This means that even if a revenue has been earned and not yet received in cash, it will be recorded in the period in which it is earned.
To calculate the firm's revenue, we will use the following equation.
Revenue for the period = Closing Balance of Accounts receivable + Receipts - Opening Balance of Accounts receivable
Revenue - 2016 = 100000 + 30000 - 70000
Revenue - 2016 = $60000
This question is not complete.
Complete question:
The example of a consumer goods company operating in China is insightful because the firm expected to only have one week to decide whether to purchase another firm when the circumstances arose and one was available. The text discusses a U.S. firm that also seems to be leveraging operations in China. For example, this firm designed an inexpensive portable ultrasound scanner. The design team was based in China. What is the firm discussed?
A. GE
B. HP
C. IKEA
D. Siemens
E. Walmart
Answer:
A. GE
Explanation:
The full meaning of GE is the General Electric company. It was founded in 1892.
It is a consumer goods company with so many subsidaries that is focused on Energy, Heath care, Software, Lightning , e.t.c.
One of General Electric subsidiary is General Electric Healthcare and they are focused on producing healthcare technology which includes Xrays, Ultrasound scanner for medical imaging.
Answer:
Predetermined manufacturing overhead rate= $13.84 per direct labor hour
Explanation:
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (521,000 / 44,000) + 2
Predetermined manufacturing overhead rate= 11.84 + 2
Predetermined manufacturing overhead rate= $13.84 per direct labor hour