Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Answer: C) total surplus is maximized.
Explanation:
Total surplus refers to the sum of both the producer and the consumer surplus.
When allocation of resources is efficient, it means that the total surplus is maximised because the price that is being charged is the same as the equilibrium price that is required.
At this point, all participants in the market will be better off which means both producers and consumers will be better off.
Answer:
After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800
Explanation:
For calculation, following things need to be considered which is shown below:
1. Product A process costing = Pounds × Per pound price
= 34,000 × $8
= $272,000
2. Product A costing after selling = Pounds × sale price per pound
= 34,000 × $14
= $476,000
3. Difference of costing :
= Product A costing after selling - Product A process costing
= $476,000 - $272,000
= $204,000
4. Invested amount = $227,800
5. Actual Difference = Invested amount - costing difference
= $227,800 - $204,000
= $23,800
After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800
Answer:
B) $647.47
Explanation:
The initial closing date was set for May 1st, but due to a problem with the buyer, it was moved to May 10th but that date was accepted by the seller. This means that the buyer should be responsible for the property taxes starting May 10th.
Property taxes per day = $1,832 / 365 days = $5.02 per day
Susan is responsible for paying 31 days in January, 28 days in February, 31 days in March, 30 days in April, and 9 days in May = 129 days x $5.02 = $647.47
The buyer is responsible for $1,184.53 in property taxes.
Answer:
D) $571.24
Explanation:
Royce' premiums for the previous year were:
- bodily injury $22.50
- property damage $144.75
- collision $275.75
- comprehensive $100
The total premium of the policy was $543
Since the premiums will increase by 5.2%, the new total premium will be = $543 x 1.052 = $571.24
