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klasskru [66]
3 years ago
6

The following table lists all costs of quality incurred by Sam's Surf Shop last year. Annual inspection costs Annual cost of scr

ap materials Annual rework cost Annual cost of quality training Annual warranty cost Annual testing cost $ 172,000 356,000 104,679 526,000 1,686,000 535,000 What was Sam's appraisal cost for quality last year?
Business
1 answer:
Alborosie3 years ago
3 0

Answer:

$707,000

Explanation:

Calculation for Sam's appraisal cost for quality last year

Using this formula

Appraisal cost = Annual inspection costs + Annual testing cost

Where,

Annual inspection costs =$172,000

Annual testing cost=$535,000

Let plug in the formula

Appraisal cost = $172,000 + $535,000

Appraisal cost = $707,000

Therefore Sam's appraisal cost for quality last year will be $707,000.

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The difference between zero profit and zero economic profit is that:
Marianna [84]

Answer:

The correct answer is letter "A": economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit.

Explanation:

Normal profit is an economic term that means zero economic profits. To an economist, this is normal since total revenue equals total cost which includes both explicit and implicit costs. It differs from the accounting profit or zero profits since the latter does not take into consideration implicit cost.

8 0
3 years ago
Current trends indicate that, due to the emerging economies, the world is moving _____ an economic system that is more favorable
Blababa [14]

Answer: closer to

Explanation:

Emerging economies also referred to as developing countries or emerging markets are countries which are investing in more in their productive capacity ans are also gradually moving away from agriculture as it main occupation and there is increase in industrialization.

Due to emerging markets, the world is moving closer to an economic system that is more favorable for international business. There are more quality goods produced by nations and advancement in technology has also helped the economy.

5 0
3 years ago
Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding
Burka [1]

Answer:

$2.73

Explanation:

<em>Diluted Earnings Per Share = Earnings Attributed to Common Stockholders ÷ Weighted Average Number of Common Stockholders Outstanding</em>

where,

Earnings Attributed to Common Stockholders = $420,000

and

Weighted Average Number of Common Stockholders Outstanding = 110,000 + (11,000 x 4) = 154,000

therefore,

Diluted Earnings Per Share = $420,000 ÷ 154,000 = $2.73

Conclusion

Rudyard's diluted EPS is $2.73

7 0
3 years ago
Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds
victus00 [196]

Answer:

The  statements that characterizes these funds is:

a. Fairly liquid investments.

b. Issue new shares in response to increased demand.

c. Increase diversification but do not reduce nonsystematic risk.

Explanation:

a) Fairly Liquid Invetsment: TRUE, as on the basis of demand the fund issuer can repurchase or reissue extra securities at any time so as to ensure proper liquidity to the investment.

b) Issue New Share for Increase Demand: TRUE, issuer can increase and decrease the no. of securities for trading as the demand for the same increases.

c) Increase diversification but not reduce unsystematic risk: TRUE. As Mutual Funds generally increase diversification of funds by investing in various sectors to minimize the systematic risk of the market but it cannot control the unsystematic risk of the market.

d) Require Minimum Purchase of 3000: FALSE. As the Minimum investment for the mutual funds starts from 250 or 1000 and not 3000.

e) Charges High Fees for Professional Managment: FALSE, As most of the open-ended mutual fund just charges 0.85% or low of the Investment Amount as total Expenditure for providing services, which is not so high as compared to returns provided by them.

Therefore, The  statements that characterizes these funds is:

a. Fairly liquid investments.

b. Issue new shares in response to increased demand.

c. Increase diversification but do not reduce nonsystematic risk.

3 0
3 years ago
Question 3 of 10
Inessa05 [86]

Answer:

C. Just managers. I hope this helps

6 0
3 years ago
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