Answer:
The answer is "Option D".
Explanation:
The formula for current assets:
Answer:
D) Higher than the total output that would be produced if the market were a monopoly but lower than the total output that would be produced if the market were perfectly competitive.
Answer:
Total unitary cost= $121.5
Explanation:
Giving the following information:
Each ceiling fan has 20 separate parts.
The direct materials cost is $85
Each ceiling fan requires 3.5 hours of machine time to manufacture.
Activity Allocation Base Allocation Rate
Materials handling Number of parts $ 0.08
Machining Machine hours 7.20
Assembling Number of parts 0.35
Packaging Number of finished units 2.70
To calculate the unitary manufacturing cost, we need to use the following formula:
Unitary manufacturing cost= direct material per unit + allocated overhead per unit
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Materials handling= 0.08*20= $1.6
Machining= 7.20*3.5= $25.2
Assembling= 0.35*20= $7
Packaging= 2.70*1= $2.7
Total= $36.5
Total unitary cost= 85 + 36.5= $121.5
Complete Question:
Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Because of her success at raising money and her extensive list of social contacts, she is recruited by an investment advisory firm to become a representative. Ms. Vanderbilt would be permitted to:
I. state to customers that she has 10 years of experience in the industry.
II. use the title "investment adviser representative" on her business card.
III. state to customers that she is registered as a representative with the SEC.
Group of answer choices
A. I only
B. II only
C. II and III
D. I, II, III
Answer:
B. II only
Explanation:
In this scenario, Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Consequently, she was recruited by an investment advisory firm to become a representative as a result of her expertise and success at raising money, as well as her extensive list of social contacts.
Hence, Ms. Vanderbilt would be permitted to use the title "investment adviser representative" on her business card but she is prohibited from;
1. stating to customers that she has 10 years of experience in the industry because she worked for a not-for-profit organization.
2. stating to customers that she is registered as a representative with the Securities and Exchange Commission (SEC) because only the investment adviser is required to register with SEC.
She can only register at the state where she's representing the investment adviser.
<em>Hence, points I and III would be considered a misrepresentation if used by Ms. Muffy Vanderbilt. </em>
<span> B. When used, both take money directly out of a bank account.</span>