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3 years ago

1. In a manufacturing firm, product costs include: ______

Business

1 answer:

TEA [102]3 years ago

6 0

Answer and Explanation:

1. The product cost involved all the manufacturing cost i.e. direct cost that includes direct material, direct labor, manufacturing overhead etc

2. The period cost involved non-manufacturing cost i.e. indirect cost like rent expense, fixed selling & admin expenses, depreciation expense, etc

Therefore for 1 the option c is correct and for 2 the option b is correct

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8. Sam bought a house that costs $500,000. Sam got a 96% LTV loan. The lender demanded that Sam buy private mortgage insurance t

storchak [24]

Answer:

The insurance company will pay the mortage of $400,000

Explanation:

Loan value = 96%* $500000

= $480000

75% LTV value = $375000

Portion of loan over 75% LTV= $105000.

This is the amount insured.

5 years later, Sam needs $400000 more to pay. But he defaults.

And he has only paid $100000 of mortgage loan.

So, insurance company will pay the remaining balance of the amount insured to Sam's lender.

Therefore, The insurance company will pay the mortage of $400,000.

5 0

3 years ago

Janis starts a small quilting and embroidery business. She purchases a technologically advanced quilting machine and an embroide

QveST [7]

Answer:

B. Cash Flow problem

Explanation:

Cash flow problem occurs in a business when the business struggles to pay back debts. It happens when a business cannot longer cover its debt payments and operational expenses. It is very common in new and growing business, because during growth period in a business, expenses are larger than receivables.

Janis in this case is facing cash flow problems as she is not getting enough clients and receivables to pay back the expenses her equipment is bringing in. The major solution to cash flow problem for short term/temporary issues is Financing.

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4 years ago

Which of the following would not be an ethical problem created by employee relationships

Volgvan

Answer:

The correct answer is letter "B": Investors expecting a return on their investment regardless of the cost.

Explanation:

<em>Ethical employee relationships</em> arise when one worker does not show his or her personal values affecting another employee. It is the result of the interaction between them that could lead to the violation of the Code of Ethics of the company.

Thus, <em>if investors expect returns on their investments, there is no employee conflict in that situation, ethical or not.</em>

6 0

4 years ago

attempt to avoid price competition, prefering instead to differentiate themselves by precisely targeting customer segments with

ELEN [110]

Answer:

Specialty store

Explanation:

A specialty store is a retail business that specializes in a particular range of products and its related merchandise. A specialty store will have an extensive depth of the merchandise that its stocks. For example, a business may focus on office supplies, men clothing, or household appliances as opposed to having a wide range of consumer products.

Specialty stores will often sell their products at a premium price. They offer excellent and friendly customer service. Employees at a specialty store have in-depth knowledge about their products and will provide expert advice to customers.

5 0

4 years ago

At the beginning of 2022, KPD Inc has depreciable assets with a financial accounting book value of $100 million and a tax basis

jasenka [17]

Answer:

KPD’s tax expense for 2022 is $9 million.

Explanation:

$ in Millions

Taxable Income (10/25%) 40

Add: Tax basis depreciation (80-74) 6

Accounting Income before Deprecation 46

Less: Accounting Deprecation (100-90) 10

Accounting Income 36

Tax expense (36x25%) 9

5 0

3 years ago