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Schach [20]
3 years ago
15

Functions are often described as cause and effect in economics. In an economics function, if the variable is on the right-hand s

ide and is doing the explaining, it represents a(n)________?
Business
1 answer:
12345 [234]3 years ago
4 0

Answer:

It represents a cause

Explanation:

If it is on the right side of the function it means that it is one of the independent variables that explains the dependent variable (located on the left side of the function). What the function is representing is the influence that the independent variable (the cause of the dependent variable) has on the dependent variable (the effect that the cause or causes are being sought).

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ost Flow Relationships The following information is available for the first year of operations of Engle Inc., a manufacturer of
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Answer and Explanation:

The computation is shown below

a . The cost of goods sold is

= Sales - cost of goods sold

= $1,326,700 - $358,200

= $968,500

b. The direct material cost is

= Material purchased - ending inventory - indirect materials

= $676,600 - $49,100 - $49,100

= $578,400

c, The direct labor cost is

= Total manufacturing overhead cost - other factory overhead - direct material cost - indirect material - indirect labor

= $1,464,700 - $22,600 - $578,400 - $49,100 - $119,400

= $695,200

8 0
3 years ago
Fiat Chrysler is developing a marketing strategy for a new hybrid car and just discovered that their biggest competitor is launc
emmasim [6.3K]

Answer:

Threat? Sorry If its not correct

Explanation:

8 0
3 years ago
Many managers today were trained under assumptions of adversarial relationships with other companies. Do you think operating as
dusya [7]

Answer:

Many managers today are trained under assumptions of adversarial relationships with other companies. It is very much difficult operating as adversaries as compared to be partners with other companies. It has been seen that when two or more than two companies partnered with one another, then they can perform much better as compared to the situation when they compete head to head. Joining hands with other companies can give you certain sustainable competitive advantage which can never be easily imitated and copied by your competitors. When you pool your resources and share  technology and risks and sell your products/services together which is quite helpful for the both companies. For example, when Dell and intel processors share their resources and sell them together, both can have tremendous sales and market share. It can be very helpful and effective for both of the organization. One company can leverage its products and sales with the help of another company. In this strategy of becoming partner, strategic alliance between both organization can get stronger hold in the market with more and enhanced brand awareness, sales and profits as well, therefore, managers can work best when they for making partners instead of rivalry.

8 0
3 years ago
Many americans pay for haircuts, trips to the dentist, or transportation on the metro and bus systems. these actions support the
balandron [24]

These actions support the notion of capitalism, an example of <u>"non-material culture".</u>


Non‐material culture alludes to the nonphysical thoughts that individuals have about their way of life, including convictions, values, rules, standards, ethics, dialect, associations, and foundations. For example, the non‐material social idea of religion comprises of an arrangement of thoughts and convictions about God, love, ethics, and morals. These convictions, at that point, decide how the way of life reacts to its religious subjects, issues, and occasions.  

4 0
3 years ago
What would the income statement and balance sheet look like for this problem?
steposvetlana [31]

Answer:

INCOME STATEMENT

For the year ended December 31

Service Revenue                   $149,200

Property Taxes          8,800

Salaries Expense  126,600

Insurance Expense   7,300

Supplies Expense    6,600  $149,300

Net loss                                       $100

Dividends                                   3,100

Retained Earnings                 ($3,200)

BALANCE SHEET

As of December 31

Assets:

Cash                              $81,900

Supplies                            3,200

Accounts Payable            <u> 1,900</u>

Total Assets                 $87,000

Liabilities + Equity:

Accts Receivable            51,800

Deferred Revenue            1,100

Insurance Payable           <u>7,300</u>

Total liabilities               60,200

Common Stock             30,000

Retained Earnings         (3,200)

Total liabilities and

stockholders' equity  $87,000

Explanation:

a) Data and Calculations:

Cash account

Date      Accounts Title             Debit      Credit

Jan. 9   Service Revenue     $137,100

Feb. 12 Accounts receivable   51,800

Apr. 25 Deferred Revenue     13,200

July 15  Property taxes                           $8,800

Sep. 10 Accounts Payable                        11,700

Oct. 31 Salaries Expense                      126,600

Nov. 20 Common Stock       30,000

Dec. 30  Dividends                                    3,100

Dec. 31 Balance                                    $81,900

                                          $232,100 $232,100

Service Revenue

Date      Accounts Title             Debit      Credit

Jan. 9   Cash Account                            $137,100

Dec. 31  Deferred Revenue                       12,100

Dec. 31  Income Statement $149,200

                                            $149,200 $149,200

Accounts Receivable

Date      Accounts Title           Debit      Credit

Feb. 12  Cash Account                       $51,800

Deferred Revenue

Date      Accounts Title           Debit      Credit

Apr. 25 Cash Account                         $13,200

Dec. 31  Service Revenue    $12,100

Dec. 31  Balance                     $1,100

                                            $13,200  $1`3,200

Supplies

Date      Accounts Title           Debit      Credit

May 6   Accounts Payable   $9,800

Dec. 31 Supplies Expense                   $6,600

Dec. 31 Balance                                      3,200

                                             $9,800   $9,800

Accounts Payable

Date      Accounts Title           Debit      Credit

May 6   Supplies                                  $9,800

Sep. 10 Cash Account          $11,700

Dec. 31 Balance                                    $1,900

                                             $11,700  $11,700

Property Taxes Expense

Date      Accounts Title           Debit      Credit

July 15  Cash Account         $8,800

Salaries Expense

Date      Accounts Title           Debit      Credit

Oct. 31  Cash                       $126,600

Common Stock

Date      Accounts Title           Debit      Credit

Nov. 20 Cash Account                        $30,000

Dividends

Date      Accounts Title           Debit      Credit

Dec. 30 Cash Account         $3,100

Insurance Expense

Date      Accounts Title           Debit      Credit

Dec. 31  Insurance Payable  $7,300

Supplies Expense

Date      Accounts Title           Debit      Credit

Dec. 31  Supplies Account  $6,600

Insurance Payable

Date      Accounts Title           Debit      Credit

Dec. 31  Insurance Expense                 $7,300

Adjusted TRIAL BALANCE

As of December 31

Accounts Title           Debit      Credit

Cash                        $81,900

Supplies                     3,200

Accounts Payable      1,900

Property Taxes          8,800

Salaries Expense  126,600

Insurance Expense   7,300

Supplies Expense    6,600

Service Revenue                   $149,200

Accts Receivable                       51,800

Deferred Revenue                       1,100

Insurance Payable                      7,300

Common Stock                        30,000

Dividends                  3,100

Total                  $239,400 $239,400

3 0
3 years ago
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