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3 years ago

12

QUESTION 6 of 10: Pricing your new product based on what you pay for the parts inside it is called: a) Demand-based pricing b) C

ost-based pricing c) Competition-based pricing

1 answer:

MakcuM [25]3 years ago

4 0

Answer: Cost Based pricing

Explanation:

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On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year

andrey2020 [161]

Answer:

The general journal adjusting entry needed for December 31, 20X1:

Debit Interest expense $2,600

Credit Interest Payable $2,600

Explanation:

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2.

The amount of interest expense for 1 year = $26,000 x 10% = $2,600

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. The company should record interest expense for the year 20X1 by the general journal adjusting entry:

Debit Interest expense $2,600

Credit Interest Payable $2,600

7 0

3 years ago

Imagine two cities, Hometown and Visitorsville, where the rich, middle, and poor income recipients in one city have annual incom

Grace [21]

Answer:

The answer is letter A.

Explanation:

The true statement is Annual data on the distribution of income will indicate that the degree of income inequality in the two cities is identical.

6 0

4 years ago

Chrzan, Inc., manufactures and sells two products: Product E0 and Product N0. Data concerning the expected production of each pr

Trava [24]

Answer:

A. $59.78 per MH

Explanation:

The computation of activity rate for the Order Size activity cost pool under activity-based costing is shown below:-

Activity rate for the Order Size activity cost pool = Activity pool cost ÷ Total expected activity

= $579,866 ÷ 9,700

= $59.78 per MH

Therefore for computing the activity rate for the Order Size activity cost we simply applied the above formula and ignore all other value as the other values are not relevant.

7 0

4 years ago

The historical cost principle requires that when assets are acquired, they be recorded at

Marta_Voda [28]

The historical cost principle requires that when assets are acquired, they be recorded at cost.

The historical cost principle is an accounting principle under the US GAAP. It entails recording the cost of an asset on the balance sheet at the cost with which the asset was purchased regardless of the changes in the value of the asset.

For example, if a machine was purchased at a cost of £2000. If the historical cost principle is used, the machine would be recorded at £2000 on the balance sheet.

A similar question was answered here: brainly.com/question/14417628

7 0

2 years ago

The market for pizza is perfectly competitive and has 1,000 firms. Each firm is identical. Describe each firm in long-run equi

Stolb23 [73]

Answer:

The correct answer is option D.

Explanation:

In a perfectly competitive market, firms can have positive economic profits only in the short run. In the long run, though, the firms can enter and exit the market, so if some firms among the 1,000 are having profits, it will attract potential firms to join the market.

This causes the market supply to increase. This increase in supply reduces prices and profits.

Similarly, if some of the firms among 1,000 are having losses in the short run, then in the long run, the firms incurring losses exit the market. This reduces market supply and thus increases price and profits.

This process continues until all the firms are having zero economic profits.

8 0

4 years ago