Answer:
The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.
Cost on January 1 2016 = $1,250,000
Life = 10 years
Therefore,
Double-declining depreciation rate = 2*(1,250,000/10)/1,250,000 = 2*0.1 = 2*10% = 20%
Book value at end of 2016 = 1,250,000 - (1,250,000*20/100) = $1,000,000
Book value at end of 2017 = 1,000,000 - (1,000,000*20/100) = $800,000
Book value at end of 2018 = 800,000 - (800,000*20/100) = $640,000
Changing to straight line depreciation:
Life remaining = 7 years
Book value = $640,000
Depreciation expense per year = 640,000/7 = $91,428.57
Therefore, depreciation expense for 2019 = $91,428.57
Answer:
Orange Co.'s budget will include the cost of production, which is made up of raw materials, direct labor, and manufacturing overhead. The above cost of production and the accompanying items will not be found in the budget of Pineapple Company. The latter's budget will focus on purchase of goods for sale (instead of raw materials) and inventories of finished goods (instead of raw materials and work in process). Orange Co. determines its product cost per unit from the cost of production divided by the quantity produced. Pineapple Company's product cost is based on the purchase price of goods, which includes the manufacturer's profit.
Explanation:
The operations and accounting for the cost of production of Orange Co. will be different from Pineapple Company's. The difference is a reflection of their statuses as manufacturer and merchandiser respectively. Orange Co. manufactures and sells goods while Pineapple Company sell manufactured goods.
Answer:
Explanation:
The central idea behind marketing is the idea that a firm or other entity will create something of value to one or more customers. The end objective of marketing is selling a product and in this case we presume marketing means advertisement.
Entertainment can be separated from marketing activities and appeal of entertainment can be used to achieve different goal. Entertainment can only be used for holding attention and interest of audience that would be the consumer or it gives pleasure or delight. It is an idea or task which is developed for keeping attention of audience and this process is accelerated by entertainment industry in order to sell entertainment product. But according to psychologists entertainment is just attainment of gratification and no other result or measurable benefits can be achieved by entertainment and role of entertainment ends here. Marketing begins with encouraging people towards purchasing the commercial product. Behind the scenes tactics like advertising, production, placement and pricing incorporated in marketing. Main objective of marketing is attracting consumers towards the product or services provided by the organization. While entertainment just hold attention and interest of consumers and it is the line between..The central idea behind marketing is the idea that a firm or other entity will create something of value to one or more customers. The end objective of marketing is selling a product and in this case we presume marketing means advertisement.
Entertainment can be separated from marketing activities and appeal of entertainment can be used to achieve different goal. Entertainment can only be used for holding attention and interest of audience that would be the consumer or it gives pleasure or delight. It is an idea or task which is developed for keeping attention of audience and this process is accelerated by entertainment industry in order to sell entertainment product. But according to psychologists entertainment is just attainment of gratification and no other result or measurable benefits can be achieved by entertainment and role of entertainment ends here. Marketing begins with encouraging people towards purchasing the commercial product. Behind the scenes tactics like advertising, production, placement and pricing incorporated in marketing. Main objective of marketing is attracting consumers towards the product or services provided by the organization. While entertainment just hold attention and interest of consumers and it is the line between...
entertainment and marketing.
.
Answer:
Cost per equivalent unit: $60
Explanation:
Cost per equivalent unit = (Cost of Beginning Work in Progress Inventory + Total production cost during the period) / Equivalent Units of Production (EUP)
Total Production Cost = $90,000
Equivalent Units of production (EUP) = 1,300 + 400 x 50% = 1,500 units
Cost per equivalent unit: $90,000 / 1,500 units = $60
