Jung Hwa, according to this scenario, is the <u>Administrator</u> at her institution.
<h3>Who is an administrator?</h3>
An administrator is one who is responsible for overseeing the daily running of an institution.
It is the role of the administrator to set the overall goals and policies of the institution or company while leaving managers to handle the pragmatic implementation of strategies.
Thus, we can conclude that Jung Hwa, according to this scenario, is the <u>Administrator</u> at her institution.
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Answer:
$40
Explanation:
Overhead per machine hour = Overhead ÷ 250,000 machine hours
= $750,000 ÷ 250,000
= $3
Cost of each unit:
= Direct material + Direct labor + Overhead
= $14 + $20 + (machine hours per unit × Overhead per machine hour)
= $14 + $20 + (2 × $3)
= $40
Therefore, the cost of each unit produced is $40.
Answer:
Journal Entries
Dr. Cr.
Sale of Merchandise
a. Account Receivable $4,240
Sales $4,000
Sales Tax Payable $240
Cost of Goods Sold $2,360
Merchandise Inventory $2,360
b. Payment of Sales Tax
Sales tax Payable $42,110
Cash $42,110
Explanation:
Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.
Tax is paid and sales tax liability is reduced along with cash.
Answer:
They are acting upon perceived customer value.
Explanation:
In the field of marketing, perceived customer value can be defined as the clients' assessment of the cost of the product and services weighed against its capacity to live up to their needs and desires, particularly in comparison with it's peers. Marketing experts always attempt to impact customers' apparent perception of an item by depicting the qualities that make it better than the competition. In this way, the marketers alter the customers perceived value.
Perceived customer value usually involves the monetary cost of the product or services. It all comes down to how the customer views the price of that particular product or service weighed against the benefits. In simpler terms, the customer is always deciding if purchasing the product is worthwhile. When the customers feel that the cost doesn't march the benefits, then there are higher chances of the customers not purchasing the product or service, especially if the competition offers a lower cost.
In the case of FedEx customers, they are trying to weigh the benefits against the monetary cost of using the reliable package delivery service. In this way, they are acting upon perceived customer value.
Based on the information given the amount of the transfer taxes is $476.
Using this formula
Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax
Let plug in the formula
Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2
Total transfer tax = ([$474,000 x .001] + $2)
Total transfer tax=$474+$2
Total transfer tax=$476
Inconclusion the amount of the transfer taxes is $476.
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