Answer:
Option (D) is correct.
Explanation:
Given that,
Direct materials = $42,000
Direct labor = 63,000
Manufacturing overhead = 94,500
Selling expenses = 25,200
Administrative expenses = 23,100
Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.
Total period expense:
= Selling expenses + Administrative expenses
= $25,200 + $23,100
= $48,300
Therefore, the total period expense was $48,300.
Answer:
27.85 years
Explanation:
In this question we use the NPER formula that is shown in the spreadsheet
Provided that
Present value = $767.50
Future value = $1,000
Rate of interest = 8.49% ÷ 2 = 4.25%
PMT = $1,000 × 6.3% ÷ 2 = $31.50
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the number of years is 55.71
But in this case, it would be
= 55.71 ÷ 2
= 27.85 years
Answer:
The correct answer is B. demand for good X will increase.
Explanation:
Two goods, X and Y, are said to be substitutes if they can be used to serve the same purpose. Thus, if good X is a substitute to good Y, then X can be used in place of Y and Y can be used in place of X.
For substitute goods, the cross-price elasticity of demand is positive. This means that if the price of one good rises, the demand for the substitute good increases.
A time horizon<span> is the length of </span>time<span> over which an investment is made or held before it is ended. </span>Time horizons<span> can range from seconds, in the case of a day trader, all the way up to decades for a buy-and-hold investor or an individual who is investing in a retirement plan.</span>