Answer:
c. $600,000
Explanation:
Under the purchase methods of accounting, a business records assets at the fair market value. It is the price that the business paid to acquire the assets.
For the general fund, the cost incurred in acquiring the purchases is $600,000. This is the figure that will be recorded and reported in books. The purchase method is contrasted with the consumption method.
Answer: The correct answer is "C. reinforces the substitution effect in the normal good case.".
Explanation: When the Price of a Good changes, a change occurs in the Real Income. If the price of the Good falls, leaving the prices of the other Goods and the nominal Income constant, with the same Nominal Income you can acquire more of the Good whose Price fell, of other Goods or of all of them. The opposite occurs when the Price of the good rises. Thus, a change in prices induces a change in real income.
In the case of normal goods the income effect of a price change reinforces the substitution effect because people prefer not to buy that good and <u>replace</u> it with a lower one that costs a lower price.
Answer:
$35.53 per machine-hour
Explanation:
Estimated machine-hours 39,700 hours
Estimated variable manufacturing overhead $6.32
Estimated total fixed manufacturing overhead $1,159,637
Actual machine-hours for the year 37,500 hours
Predetermined overhead = Estimated total fixed manufacturing overhead / Estimated machine-hours
Predetermined overhead = ($1,159,637 / 39,700 hours) + $6.32
Predetermined overhead = $29.21 + $6.32 = $35.53 per hour
Answer:
The correct answer is 2) Inseparability.
Explanation:
There is the talk of inseparability when a product is sold to a customer for use, and the customer generates the relationship between the sales and consumption processes to qualify the service or product as good or bad. Since for the customer the way they treat it while buying the product or making use of it, it is relevant to take into account the quality of the product.
For example, in the case mentioned above, the person considers that by not providing efficiently the help he needed to get a job, he relates that if this service is terrible in the same way his university experience was since there is an inseparability as for these services.
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<em>I hope this information can help you.</em>
