A firm can be said to have competitive advantage when it has access to resources that others do not.

Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs a

KiRa [710]

Answer:

$8.20/Direct Labor hours

Explanation:

Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies

Cost of performing engine repair work = $40,000 + $133,000 + $22,000 + $10,000

Cost of performing engine repair work = $205,000

Direct Labor Hours = Direct Labor/Direct Labor rate

Direct Labor Hours = 500,000/$20 per hour

Direct Labor Hours = 25,000 hours

Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours

5 0

3 years ago

Jenny likes chocolates. One day, a friend offers her a chocolate bar and she is extremely happy on receiving it. As the day pr

liq [111]

Answer: Law of diminishing marginal utility

Explanation: In simple words, law of diminishing marginal utility states that as a consumer consume more of a good or service then the marginal benefit he or she receives from the additional consumption keeps on decreasing.

In the given case, Jenny's excitement keeps on decreasing with every chocolate she receives after a certain point of time.

Hence we can conclude that the given case illustrates law of diminishing marginal utility.

6 0

3 years ago

Salon Du Jour offers special combination packages at a reduced price. Separately, a haircut is $30 and a conditioning treatment

adell [148]

The given scenario is referred to as product bundle pricing.

Option E

<u>Explanation: </u>

Product bundles consist of various individual products or services sold as a merged package to consumers. For particular, brand bundles consisting of complementary products or, less often, similar products are considered "package deals."

When retailers sell multiples of exactly the same items, it is usually called "a multipack," not a package of items.

For example, a stationary meal in a restaurant or a beach package that contains sunscreen, sand-sheets, towels, and flip-flops as just a product that can be purchased.

Many stores only market many stock products in a consumer package rather than as single or packaged pieces. The package generally costs less for retailers selling identical items separately and as part of a consumer bundle than if a buyer bought the items separately.

7 0

3 years ago

The gross domestic product (GDP) of the United States is defined as the__all__in a given period of time. Based on this definitio

andreyandreev [35.5K]

Explanation:

The gross domestic product (GDP) of the United States is defined as the production of all goods and services, in a given period of time.

GDP formula:

GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ (Exports - Imports) (Net exports)

- In 2017 Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany. Not included if it is not sold

- March 15, 2017. Roadway Motors imports the convertible into the United States. Included in Imports (M) account. This will decrease GDP

-May 3, 2017. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight Not included before the client pays taxes. After the client pays, then it is included in government earnings and expenditure. (G)

-April 15, 2018. Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis. Not included if it is not sold.

-January 8, 2017. It sells the car at a dealership in Miami. Included in Consumption (C) account. This will increase GDP

-February 14, 2017. a Japanese automobile company, produces a sedan at a plant in Indiana. Not included if it is not sold.

-December 12, 2017. A family buys the sedan on December 24. Included in Consumption (C) account. This will increase GDP

Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 19, 2017. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2017. Included in Investment (I) account because it represents a capital expenditure for Speedmaster. This will increase GDP

3 0

3 years ago

Lauren, Kathryn and Emily close their medical business, pool their assets and open a surf shop. The state where they reside asse

icang [17]

Answer:

D) S corporation.

Explanation:

S corporations do not pay any income taxes. Instead, shareholders pay individual taxes over their dividends.

In this case, the three shareholders are not thinking about getting any dividends for the first few years, they want to reinvest all profits, therefore, their company would not pay any taxes, and neither would they individually.

5 0

3 years ago