Answer:
$780,000
Explanation:
Calculation for the market value of the property
Using this formula
Market Value=Assessed property/Equalization rate
Let plug in the formula
Market Value=$39,000/0.05
Market Value=$780,000
Therefore the market value of the property will be $780,000
Answer: B.it is often impossible to identify with precision where a product is in the product life cycle.
Explanation:
It is very hard to identify for sure where a product is in the life cycle for a myriad of reasons chief amongst them being the lack of sufficient data, external factors influencing data and misalignment with historical data.
Products go through four stages in product life style starting from introduction, growth, maturity and decline and pinpointing exactly where a product is can be affected by the aforementioned factors.
For example, products like natural food or yoghurt might be considered declining then due to renewed interest for whatever reason, they are rejuvenated and go back into a Growth phase.
Or in another example, the data of a product may be based on a stable economic period which does not hold anymore so the sales of the product cannot be expected to be the same and thus it can be wrongfully recategorized.
If you need any clarification do react or comment.
1. They believe it is standard practice.
2. They rationalize that it's not that big of deal.
3. They say to themselves it's not their responsibility.
4. They want to be loyal.
Answer:
The firm's overhead was $1,000 under-applied
Explanation:
For computing the firm overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $150,000 ÷ 15,000 hours
= $10
Now we have to find the actual overhead which equal to
= Actual direct labor-hours × predetermined overhead rate
= 14,500 hours × $10
= $145,000
So, the firm overhead equals to
= Actual manufacturing overhead - actual overhead
= $146,000 - $145,000
= $1,000 under-applied
Answer:
Total Cost is the cost that is fixed and does not vary directly with the level of output. According to this question typesetting, printing, editing, reviews, promotion, and advertising are fixed costs. The total fixed cost here is $100000.
Total Variable Cost is the costs that vary directly with the level of output. Variable costs are incurred on variable factors. The Total Variable Cost here is $49000.
Marginal cost is addition to the total cost when one more unit of output is produced.
<u>EQUATIONS
</u>
TC = 100000 + 4.9Q
ATC = 100000 + 4.9Q / Q
AVQ = 4.9Q / Q
MC = Change in Total Cost / Change in Quantity = 4.9
<u>GRAPH</u>
Is attached as picture.
Conclusion: The AVC and MC both are equal to 4.9.
