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4 years ago

Question 1 OTU

Business

2 answers:

timurjin [86]4 years ago

7 0

Answer:

B. Company A has a comparative advantage in the production of

rakes

Explanation:

Alchen [17]4 years ago

3 0

Answer:

B. Company A has a comparative advantage in the production of

rakes

Explanation:

Comparative advantage describes the ability of an enterprise to produce a particular product, goods, or services at a lower price in comparison to rivals. It means that the enterprise uses fewer inputs such as labor, capital, or land to produce. A company with a comparative advantage will manufacture more goods with the same quantity of inputs.

Company A produces rakes at $15 while company B produces at $17. Company A, therefore, has a comparative advantage over company B in the production of rakes. It means company A use fewer resources rakes than company B. Company A can sell rakes at a lower price than company B.

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Abbe Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and

zepelin [54]

Answer:

Activity Rates are:

1 = $14.55 per activity

2 = $8.69 per activity

3 = $57.47 per activity

Cost per product

A = $32.2525

B= $34.7333

Explanation:

As for the provided information,

There are three activities.

Activity 1 = $17,460 and total = 1,200

Rate of activity = $17,460/1,200 = $14.55 per activity

Activity 2 = $19,987 and total activity = 2,300

Rate of activity = $19,987/2,300 = $8.69 per activity

Activity 3 = $29,884 and total activity = 520

Rate of activity = $29,884/520 = $57.47 per activity.

Costs of each product

Product A = ($14.55 $\times$ 600) + ($8.69 $\times$ 1,700) + ($57.47 $\times$ 40)

= $8,730 + $14,773 + $2,298

= $25,801

Cost per unit = $25,802/800 = $32.2525

Product B = ($14.55 $\times$ 600) + ($8.69 $\times$ 600) + ($57.47 $\times$ 120)

= $8,730 + $5,214 + $6,896

= $20,840

Cost per unit = $20,840/600 = $34.73

7 0

3 years ago

Wisconsin Company uses the periodic inventory system. Sales for 2016 were $1,880,000 while operating expenses were $700,000. Beg

stiks02 [169]

Answer: $360,000

Explanation:

To solve the question, we needed to calculate the cost of goods sold first. This will be:

= Beginning Inventory + Purchases - Ending Inventory

= $280,000 + ($720,000 - $60,000) + $240,000

= $280,000 + $780,000 + $240,000

= $820,000

The net income or net loss will then be:

Sales = $1,880,000

Less: Cost of goods sold = $820,000

Gross profit = $1,060,000

Less: Operating expenses = $700,000

Net income = $360,000

The net income is $360,000

4 0

4 years ago

Rush Corp. has outstanding accounts receivable totaling $500,000 as of December 31 and sales during the year of $250,000. There

Dominik [7]

Answer:

$20,000

Explanation:

Calculation for what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense

Using this formula

Balance in the allowance for doubtful accounts=

(Outstanding Accounts Receivable

* Percentage uncollectible)- Eebit balance of in the allowance for uncollectible accounts.

Let plug in the formula

Balance in the allowance for doubtful accounts=($500,000*8%)-$20,000

Balance in the allowance for doubtful accounts=$40,000-$20,000

Balance in the allowance for doubtful accounts=$20,000

Therefore the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense is $20,000

8 0

3 years ago

During the years 2015 through 2017, Question Query Inc., reported the following amounts of net income (in thousands of dollars):

slavikrds [6]

Answer:

The percentage change in net income was smaller in 2017 than 2016.

Explanation:

The percentage change in net income in 2016 was:

⇒ 150/120 -1 = 0.25 or 25%.

Whereas, the percentage change in net income in 2017 was:

⇒ 170/150 -1 = 0.1333 or 13.33%.

Hence, this statement is correct that percentage change in 2017 was 13.33% which was smaller than percentage change of 25% in 2016.

7 0

4 years ago

Read 2 more answers

Employers want workers that provide the _____.

Flura [38]

Highest returns so number 1 is the answer

3 0

3 years ago