Explanation:
POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting
Answer:
$48,800
Explanation:
Ratio = 2:3
Total investment:
= Benson capital + Orton capital + Ramsey capital
= $60,000 + $40,000 + $20,000
= $120,000
Total Equity of Ramsey:
= 40% of Total investment
= 0.4 × $120,000
= $48,000
Old partners contribution:
= Equity of Ramsey - Ramsey capital
= $48,000 - $20,000
= $28,000
Benson’s capital balance after admitting Ramsey:
= Benson’s capital - Old partners contribution(2 ÷ 5)
= $60,000 - [$28,000 × (2 ÷ 5)]
= $60,000 - $11,200
= $48,800
Answer:
a. Cost of goods sold = Sales - Gross profit
= $416,720 - $242,950
= $173,770
b. Direct materials cost = Materials purchased -Indirect materials - Materials inventory, end of period
= $128,350 - $45,220 - $17,090
= $66,060
c. Direct labor cost =Total manufacturing costs for the period - Direct materials cost - Factory overhead
= $239,610 - $66,060 - ($90,430 + $45,220 + $13,750)
= $239,610 - $66,060 - $149,380
=$239,610 - $215,440
=$24,170
Answer:
$339,600
Explanation:
The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:
C 60,000.00
time 12
rate 0.14
PV $339,617.5275
<em><u>From the given option:</u></em>
$ 339,600 is the closest option.
When frank sells a pie to jean instead of sarah, the economic value created in society is lower because of the difference in consumer surplus.
What is consumer surplus?
Consumer surplus occurs when a consumer pays a price that is lesser for a goods than the actual price they are willing to pay for a product.
Difference in consumer surplus occurs because Frank now has more customers and he can now sell at a price lower than the consumer would pay.
Therefore, Frank sells a pie to jean instead of sarah,when the economic value created in society is lower because of the difference in consumer surplus.
Learn more on consumer surplus here,
brainly.com/question/3209988
