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3 years ago

Montana Industries has computed the following unit costs for the year just ended:

Business

1 answer:

Gre4nikov [31]3 years ago

3 0

Answer:

a. Variable, $85; absorption, $105.

Explanation:

The options that correctly depict amounts included in the per-unit cost of inventory under variable costing and absorption costing is:

i. Variable costing = Variable manufacturing overhead

Variable costing = $85

ii. Absorption costing = Variable manufacturing overhead + Fixed manufacturing overhead

Absorption costing = $85 + $20

Absorption costing = $105

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Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea

hoa [83]

Answer:

1.) Business cycle/ True

2.) True

3.) The unemployment rate declined

Total real income increase

Explanation:

Business cycle can be explained as the rise and fall in production output of goods and services in an economy. Business cycle are generally measured using the rise and fall in the gross domestic product(GDP), either nominal or adjusted for inflation. Business cycle is closely related to the economic cycle and trade cycle.

Every nation's economy fluctuates between periods of expansion and contraction. These changes are caused by levels of employment, productivity, and the total demand for and supply of the nation's goods and services. In the short-run, these changes lead to periods of expansion and recession. But in the long-run, economic growth can occur, allowing a nation to increase its potential level of output over time.

In 1950, during the experience in increase in real GDP, U.S had about 8.7% increase in growth, a declined rate of unemployment to about 4.3% with the inflation rate of 5.9% , this era was considered to be expansion and korean war.

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3 years ago

Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year E

Leto [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019

Sales (9,800 units at $280 each) $ 2,744,000

Variable costs (9,800 units at $210 each) 2,058,000

Contribution margin 686,000

Fixed costs 504,000

Pretax income $ 182,000

Assume the company is considering investing in a new machine that will increase its fixed costs by $41,500 per year and decrease its variable costs by $8 per unit.

We will assume that sales remain the same.

Contribution margin income statement:

Sales= 2,744,000

Variable costs= (202*9,800)= (1,979,600)

Contribution margin= 764,400

Fixed costs= (504,000 + 41,500)= (545,500)

Pretax income= 218,900

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3 years ago

Jake borrowed $800,000 from the Gateway Bank to purchase a fishing boat. He keeps the boat at a dock owned by the Harbor Company

atroni [7]

Answer:

1. Gateway Bank

3. White Shark Fishing Company

Explanation:

In the scenario being described the two entities that have an insurable interest in Jake or his property would be Gateway Bank and The White Shark Fishing Company. The Bank has an insurable interest because if something where to happen to Jake they would most likely incur the loss of $800,000 that Jake borrowed, the same goes for the boat since without the boat Jake can't earn income to pay back the loan. The White Shark Fishing Company on the other hand entrusts Jake with their cargo, meaning if anything happens to Jake or the Boat they would lose all of their cargo that Jake is transporting. This would cause them to have to incur those loses.

b. If Jake operated the boat on behalf of the White Shark Fishing Company he would have an insurable interest on the boat since he would lose the income that he makes with the boat. Also, if Jake has a contract and is responsible for the boat he might even have to incur the damages for the boat.

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3 years ago

In recent years debit cards have become popular. Debit cards allow the holder of the card to pay a merchant for gods and service

enyata [817]

Answer:

Debit cards are assigned to checking accounts, and since they have become more popular, the amount of currency in the economy has decreased while the amount of checking account deposits has increased.

Explanation:

Actual currency (bills and coins) and checking accounts are part of the M1 category of the money supply, since both are considered completely liquid.

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4 years ago

The set of skills composed of understanding yourself, managing yourself, and dealing effectively with others is called

Ugo [173]

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4 years ago