An asset is classified as goodwill on the balance sheet when a company purchases an asset at greater than fair market value.

Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to

slega [8]

Answer:

Contribution is sales revenue less variable cost. In multiple products environment, it is important that the producer have information about the performance of each product. This is useful for decision making purpose. See income statement below

Explanation:

An income statement showing contribution would suffice:

Royal Lawrence Company

Income statement

Weedban Greengrow Total

$ $ $

Sales (sp/unit × unit) 315,000 900,000 1,215,000

Variable cost (Vc/unit × units) (98,000) (325,000) (423,000)

Contribution 217,000 575,000 792,000

Specific fixed cost (132,000) (37,000) (169,000)

Product profit 85,000 538,000 623,000

Common Fixed cost (100,000)

Total profit 523,000 

4 0

2 years ago

Read 2 more answers

A farm is currently producing at point C on this curve.

lord [1]

Answer:

the farm would face trade offs in production of apples or oranges

Explanation:

i have a brain and I used it

8 0

3 years ago

What is a major disadvantige of a centrally planned economy

cupoosta [38]

Answer:

Lack of competition

Explanation:

A centrally planned economy lack competitiveness. The government decides what to produce, the price, and the distribution channel. Because of these restrictions, there is no motivation for profits. Without competition, a centrally planned economy will have the following features.

There be a lot of inefficiency and wastefulness.
Consumers will not have a variety of goods and services to choose from in the markets.
Businesses will make low profits.

6 0

3 years ago

Disruptive innovations are more likely to come from large companies with extensive resources.

qaws [65]

Answer:

a. True

Explanation:

A disruptive innovation that is an innovation that is created by a new market and a value networks and eventually destroys a new market and established a market-leading firm.

It overtakes an existing market and are tended to be produced for the outsiders and entrepreneurs and startups and rather than the existing market companies and are a set of complex systems.

5 0

3 years ago

Albert is the manager of a large retail store, with the authority to hire employees. The store does not have a specialized human

anastassius [24]

Answer: An availability bias

Explanation: An availability bias is simply defined as the tendency for people to base their judgments on information that is easier to recall than on those that require extensive use of memory. It is also given as an unrecognized tendency of decision-makers to give preference to recent information, vivid images that evoke emotions, and specific acts and behaviors that they personally observed. Albert by asking questions that come to his mind easily as a result of inadequate preparation which leads to his hiring poor quality employees indicates an availability bias.

6 0

2 years ago