Answer:
(1) 2,600
(2) $122
(3) $317,200
Explanation:
(1) Ending Inventory:
= Beginning Inventory + Number of Units Produced - Number of Units Sold
= 300 + 15,000 - 12,700
= 2,600
(2) Per-unit product cost:
= Direct Material + Direct Labour + Variable Overhead + Fixed Overhead
= $20 + $60 + $12 + $30
= $122
(3) Value of Ending Inventory under absorption costing:
= Ending Inventory × Absorption Per-unit product cost
= 2,600 × $122
= $317,200
Answer:
a. Balance Sheet
Explanation:
The balance sheet reports the total assets, total liabilities and stockholder equity.
The total asset is comprised of the current asset, fixed assets, and the intangible asset
The total liabilities comprise of current liabilities and long term liabilities
The aim to make the balance sheet is to analyze the liquidity, financial performance, position of the company
Whereas the cash flow statement shows the inflow and outflow of cash and the income statement records total revenues and total expenditures.
Answer: Purpose is something that influences goal. And objective is the specific action which one try to achieve as a short term plan.
Explanation:
Let's suppose that the demand for allergists increases in California. assuming there is a perfectly competitive market for allergists in California :
Allergists from other states (or countries) could move to California.
Surgeons, hematologists, and other doctors in California could become allergists after some retraining.
More people could enter medical school, specialize in allergies, and move to California.
A competitive market is an economic term that refers to a market in which there are a large number of buyers and sellers and no single buyer or seller can influence the market. A competitive market has no barriers to entry, many buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, perfect markets, also called atomistic markets, are defined by several idealized conditions collectively known as perfect or atomistic competition.
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