What is the percentage of students that graduate the University of Michigan each year?

Zone of acceptance refers to consumers': Select one:

sesenic [268]

Answer:

Letter a is correct. Acceptable range of prices for any purchase situation.

Explanation:

The purchase decision process is a systematic model that represents the rational or irrational steps a consumer goes through before making a purchase. These steps are related to solving needs, searching for information, evaluating similar alternatives, and post-purchase behavior.

The zone of acceptance is a step regarding the price range that the consumer is willing to pay for a particular product or service, and is influenced by each step of the consumer's buying decision.

6 0

4 years ago

The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,00

irga5000 [103]

Answer:

the inventory should be recorded at $8,500

Explanation:

As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower

So as per the question

Historical cost is $12,000

And, the net realizable value is

= Expected selling price - expected selling cost

= $9,000 - $500

= $8,500

So, the lower cost is $8,500

Hence, the inventory should be recorded at $8,500

5 0

3 years ago

Cincinnati t-shirts prints custom t-shirts. The cost to produce one shirt is: direct materials, $10; direct labor, $1.20; and ma

egoroff_w [7]

Answer:

Effect on income= $140 decrease

Explanation:

Giving the following formula:

Production costs:

Direct material= 10

Direct labor= 1.2

Variable overhead= $1.5

Selling price= $12

Number of units= 200

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.

Effect on income= Units sold*unitary contribution margin

Effect on income= 200*(12 - 10 - 1.2 - 1.5)

Effect on income= $140 decrease

5 0

3 years ago

A policy of permitting the people of a country to buy and sell where they please, without restrictions, is called:

jeyben [28]

Answer: free trade

Explanation:

A policy of permitting the people of a country to buy and sell where they please, without restrictions, is referred to as the free trade.

Free trade allows countries interact with one another and trade the foods and services that they've.

6 0

3 years ago

Martinez Mining Company purchased land on February 1, 2020, at a cost of $1,031,100. It estimated that a total of 54,000 tons of

11111nata11111 [884]

Answer:

a. $23

b. $165,600

c. $455,400

Explanation:

The computation is shown below:

a. Per unit cost

= Cost of depreciation ÷ estimated number of tons

where,

Cost of depreciation = Purchase value of land + fair value of this restoration obligation + developmental costs incurred - residual value

= $1,031,000 + $99,900 + $222,000 - $111,000

= $1,241,900

And the estimated number of tons is 54,000 tons

So, the per unit cost would be

= $1,241,900 ÷ 54,000 tons

= $23

b. The total material cost for ending inventory would be

= (27,000 tons - 19,800 tons) × $23

= 7,200 tons × $23

= $165,600

c. The total material cost for ending cost of goods sold would be

= 19,800 tons × $23

= $455,400

7 0

3 years ago