Answer:
Particulars Amount
1. Revenue allocated to the equipment $330
for each bundled sales
{$990 * $280 / $280 + $560}
2. Revenue allocated to the service $660
for each bundled sales
{$990 * $560 / $280 + $560}
3. Sales revenue to be reported in income $660
statement
Service revenue to be reported in $55
income statement
($660/12)
Answer: d. Susceptibility to interpersonal influence.
Explanation:
Interpersonal influence is the type of social influence that is exerted by a group to achieve conformity, the difference being frowned upon or discouraged.
Social influence can be seen as a form of peer influence, where the person is urged to be one of the groups and to adapt to the social paradigms approved by the group.
A person susceptible to social influence succumbs to the pressure of the group and leaving their individuality aside, and follows the paradigms that the group dictates. <em>This is the case of Harriett, who adopts the lifestyle of the social class of her new neighborhood.</em>
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Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $768,000
Service Charge Expense A/c $32,000
To Accounts Receivable A/c $800,000
(Being the cash is received and the remaining balance is debited to the cash account )
The computation of the service charge expense is shown below:
= Accounts Receivable × service charge percentage
= $800,000 × 4%
= $32,000
Answer:
a. increasing opportunity costs as more and more of one good is produced
Explanation:
A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.
The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.
If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.
The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.
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ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.
Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.