Explanation:
Fixed cost is the cost that is constant for each unit of the item produced and does not depend upon the quantity of production. Fixed cost may include rent payment, insurance, interest payment.
whereas variable cost are cost that vary with quantity of output produced. It may include, labor cost, commissions, raw material, etc.
For Internet grocery shopping fixed cost can be cost of storing the grocery, insurance of inventory, electricity payment, cost of delivery to the customer, etc. whereas variable cost may be discount offered on quantity of purchase, Sale offers to attract customers, etc.
I would say d because that’s a product which is also a supply
Answer:
1. Nick can easily determine that the Panaview model has a lower price than the Zony model. - Unit of Account.
One of the three roles money plays is that of Unit of Account. Money is used to measure the values of goods and services accurately, so that their values can be assessed, and more importantly, compared.
2. Nick saved $30 per week. - Store of Value.
Another one of the three roles of money is that of Store of Value. Money is a good that has intrinsic value, and can be amassed to save for the future.
3. Nick pays $140 for the Blu-Ray player. - Medium of Exchange.
The final role that money plays is that of Medium of Exchange. Money is a good that can be used to facilitate exchange among other goods and services because it can be easily stored, it works as a unit of account, it is accepted by many people, and it has some sort of official authority backing it.
Answer:
d) $38,000 Debit balance.
Explanation:
Predetermined overhead rate = Estimated Total Overhead Costs / Estimated Direct Labor Costs
= $472000 / $2,360,000
= 0.2
= 20% of direct labor costs.
Applied overheads = (20%*Actual direct labor costs)
Applied overheads = 20% * $1,980,000
Applied overheads = $396,000
So, Overhead under-applied = $434,000 - $396,000 = $38,000 (Debit)
Arlene knows it is important to approach business buyers at the right time, which is often during the first stage of their buying process.
She stays in touch with her customers, hoping to find out when they are going through: need recognition.
Business buyers
A potential buyer of a business could be an individual, a group of individuals, an institutional investor, a business operating in your sector or one closely related to it, or even a rival firm. Each of them has unique traits, aspirations, workflows, and financial capacities.
To learn more about Business buyers
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