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saw5 [17]
3 years ago
15

LO 2.2Which of the following is not considered a product cost?

Business
1 answer:
Usimov [2.4K]3 years ago
7 0

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

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If Chester's current cash balance is $26,337 (000) and Cash Flows From Operations next period are unchanged from this period, wh
JulijaS [17]

Answer:

The correct option is c. Purchases assets at a cost of $25,000,000.

Explanation:

An emergency loan can be described as a loan that can obtained on short notice by a borrower in to cover unexpected costs.

From the options, purchasing assets at a cost of $25,000,000 will leave Chester in a serious liquidity position as the it will take 94.92% [i.e. ($25,000,000 / $26,337,000) * 100] of its current cash balance and leave the company with just $1,337 current cash balance.

Because the next period's Cash Flows From Operations are expected to be the same as this period's, purchasing assets at a cost of $25,000,000 puts Chester at the greatest danger of needing an emergency loan.

Therefore, the correct option is c. Purchases assets at a cost of $25,000,000.

7 0
3 years ago
Use the following chart to explain how the amount of principal affects the total cost of the loan
german

Answer: The higher the principal, the higher the total cost of the loan

Explanation:

From the chart shown we can see that the loan with a higher principal has a higher total cost than the loan with the smaller principal.

This happens because the interest rate attached affects larger figures more than smaller ones. 6.47% of $6,000 is $389 which is larger than 6.47% of $5,000 which is $324 (calculating the cost of a loan is more cumbersome than this but this shows the effect as well).

When compounded overtime, this difference will be even more and thus shows that larger principals cause larger total costs.

7 0
3 years ago
Over about 40 years, your portfolio should probably:
Vlada [557]
Hey there,

Answer: 
<span>Change from higher-risks to lower-risks investments

Hope this helps :D

<em>~Top</em>
</span>
7 0
3 years ago
Put the phases of the business cycle in the correct order in which they follow a recession.first phase depression recovery boom
Mama L [17]

Answer:

Depression, Recovery, Boom and Recession

Explanation:

A business cycle shows the increase and decrease in Gross Domestic Product (GDP) of the natural growth rate of a country's economy. This involves, employment, wages, productions, investments, prices and credits. The stages of business cycle include,  expansion, peak, recession, trough and recovery.

Expansion shows the boom in economy growth rate. A positive increase in employment, productions,  incomes, wages, demand, supply and profits happens at this stage.

Depression shows the decline in a country's economic growth. It results in high rate of unemployment.

Peak is the stage where a country's economy rises. It involves increase in the economy's growth rate.

Recession is the stage where there is rapid and steady decline in the demands for good and services.  

Trough shows how an economy's growth rate decreases.  At this stage, banks do not lend out money.

Recovery involves change from negative to positive economic growth rate. The economy continues to improve until it stabilizes.

6 0
3 years ago
On July 1, 2019, Ted, age 73 and single, sells his personal residence of the last 30 years for $368,000. Ted’s basis in his resi
olga_2 [115]

Answer:

Realized gain is $297,144

Recognized gain is $47,144

Adjusted basis for new residence is $175,000

Explanation:

•Ted's Realized gain:

Sales price $368,000 - basis $48,776 - expenses $22,080 = $297,144.

• Ted's Recognized gain:

Realized gain $297,144 - exclusion upto $250,000 = $47,144.

• Ted's basis of the new residence is its cost of $175,000.

7 0
3 years ago
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