12 26 greatest common fact

when a market allocation of resources maximizes the total surplus received by all members of society we say there is

crimeas [40]

Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.

Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.

Therefore, When there is an economy efficiency, there would be maximization of total surplus.

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8 0

3 years ago

Khaling Company sold 26,850 units last year at $15.80 each. Variable cost was $11.70, and total fixed cost was $116,440. Require

MatroZZZ [7]

Answer:

1.Operating Income (loss) (2122)

2. Break even point in units = 28126

3. Required Sales in Units=30899

Explanation:

Khaling Company

Income Statement

Sales (26,850units* $ 15.84) $ 425304

Less

Variable Costs ( $11.70* 26580 units) $ 31,0986

Contribution Margin 114,318

Less Fixed Costs $116,440

Operating Income (loss) (2122)

2. Break even point in units = Fixed Costs/ Contribution Margin Per unit

= $116,440/$ 15.84-$11.70

=$116,440/ 4.14

= 28,125.6= 28126 units

<em>We find the Contribution Margin Per unit by subtracting variable cost per unit from sales price per unit.</em>

3. Required Sales in Units = Fixed Costs + Targeted Income/ Contribution Margin Per unit

=$116,440 +$11,480 /$ 15.84-$11.70

= 127920/4.14= 30898.5= 30899 units

6 0

3 years ago

Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery an

gulaghasi [49]

Answer:

True

Explanation:

The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.

4 0

3 years ago

At Parks and Helms Designers, a group of architects are developing the first drawings for a proposed multiuse office development

Svetlanka [38]

Answer:

The correct answer is (E)

Explanation:

Parks and helms designers have organised a project team, and it is a group where individuals work together to achieve a common goal. Such individuals usually have various capabilities and are held by the manager to exercises for a similar venture. A manager can separate the group into sub-groups according to the needs of a project. Generally, such groups are developed to finish a task in a limited time frame.

5 0

3 years ago

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec

makkiz [27]

Answer:

$25,650

Journal entries

Explanation:

The computation and the journal entries are as follows

The estimated balance of the allowance for Doubtful Accounts is shown below:

= Total account receivable × estimated percentage

= $570,000 × 4.5%

= $25,650

The journal entry is shown below:

a. Bad debt expense A/c Dr $13,650 ($25,650 - $12,000)

To Allowance for doubtful debts $13,650

(Being bad debt expense is recorded)

b. Bad debt expense A/c Dr $24,650 ($25,650 + $1,000)

To Allowance for doubtful debts $24,650

(Being bad debt expense is recorded)

7 0

3 years ago

12 26 greatest common fact​

12 26 greatest common fact