What is the biggest thing you learned about agriculture this year?

Armstrong Valley Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 40,000 parts is

scoundrel [369]

Answer:

It is cheaper to make the part.

Explanation:

Giving the following information:

The cost of producing 40,000 parts is $138,000, which includes fixed costs of $68,000 and variable costs of $70,000. The company can buy the part from an outside supplier for $3.50 per unit and avoid 30% of the fixed costs.

<u>The cost of making the part is $138,000. That will be the cost in the income statement. </u>

We can calculate the effect on income if they buy the part.

Buy:

Selling pirce= 3.5

Savings in fixed costs= (0.3*70,000)= 21,000

Total cost= 3.5*40,000 + 70,000 - 21,000= $189,000

It is cheaper to make the part.

7 0

3 years ago

Designing a new backpack at an outdoor sports equipment company is an example of a: Select one: a. Product-level activity. b. Fa

marissa [1.9K]

Answer:

The answer is option A. Designing a new backpack at an outdoor sports equipment company is an example of Product-level activity.

Explanation:

A product-level activity is carried out in support of a specific product or activity.

These actions are taken irrespective of the amount of production or service volume associated with a product.

Product level activities relate to specific products and must be carried out regardless of how many batches or units of product are produced or sold.

For example, designing a new backpack at an outdoor sports equipment company is product specific and could involve the production of units or batches to be sold.

6 0

3 years ago

Ashton wants to generate interest in the new branch of his hobby stores that is opening next week. He plans to offer temporary p

faust18 [17]

Answer:

B. Price promotion

Explanation:

Ashton by trying to create awareness in his new branch, he is planning to cut price and offer coupons so as to persuade customers to purchase from him. The practice is known as price promotion.

Price promotion is the combination of two words "price" and "promotion".

Price refers to the amount of money paid by consumers to purchase goods and services.

Promotion on the other hand refers to activities that persuade the consumers to buy a product and communicate the product’s features and benefits.

Combining the two definitions, pro promotion refers to a discount in price which will encourage consumers to purchase a product.

3 0

3 years ago

Based on the following adjusted trial balance: Peak Corporation Adjusted Trial Balance As of December 31, 2018 Debit Credit Cash

ivanzaharov [21]

Answer:

Determine the amount that will be reported as retained earnings on the post-closing trial balance.

Retainend earnings final___________30000

Explanation:

Cash__________________800

Account Receivable______ 200

Inventory_______________2500

Building________________30000

Accunulated depreciation_______________ 3000

Notes payable_________________________ 500

Common stock_________________________21000

Retainend Earnings_____________________ 5000

Dividens________________1000

Revenue_____________________________ 7000

Selling and administration_ 1000

Insurance expense_______ 1000

36500 36500

Retainend earnings______ 1000 26000

Retainend earnings initial_________ 25000

Net income_____________2000____7000

5000

Retainend earnings final___________30000

8 0

3 years ago

A ____________________ is a strategy of increasing market share for present products in existing markets.

Alik [6]

As a strategy, market penetration is used when the business seeks to increase sales growth of its existing products or services to its existing markets in order to gain a higher market share.

5 0

2 years ago