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OlgaM077 [116]
2 years ago
8

22) BS Company is considering eliminating the following product line: Product AXP Sales $ 80,000 Less variable costs: Raw materi

als 50,000 Direct labor 10,000 Contribution margin $ 20,000 Less fixed costs: Facility-level costs allocated to products 30,000 Profit (Loss) $ (10,000 ) What amount of cost is avoidable if BS outsources production of this product
Business
1 answer:
Naily [24]2 years ago
8 0

Answer:

Avoidable costs= $60,000

Explanation:

Giving the following formula:

Raw materials 50,000

Direct labor 10,000

Facility-level costs allocated to products 30,000

<u>We were not provided with information regarding the fixed allocated costs. If none of the fixed allocated costs are avoidable, only the variable cost will not be incurred if the product is eliminated.</u>

Avoidable costs= $60,000

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A three-person committee has to choose a winner for a national art prize. After some debate, there are three candidates still un
andre [41]

Explanation:

The preference committee members are as follows:

Member 1 prefers a to b and b to c

Member 2 prefers c to a and a to b

Member 3 prefers b to c and c to a

The order of this problem can be solved:

Preference for 1, 2 and 3 are as below:

1. a then b then c

2. c then a then b

3. b then c then

Member 1 knowing advantage , will always disagree with 2 and 3 so that he can win when it comes to vote

So, 2 and 3 in order to win , will have to cooperate with each other.

As we can see that the least suitable option according to Member 2 and Member 3 are b and a respectively. Therefore they would not consider supporting either b or a.

So the possible option of Member 2 and Member 3 supporting will be C.

Therefore both 2 and 3 will agree on C.

The predicted outcome of the game is C.

5 0
3 years ago
The short run is defined as A. a period of time of five years or less. B. the period of time in which all factors of production
allochka39001 [22]

Answer:

C. the period of time in which at least one factor of production is fixed.

Explanation:

  • The short-run is a condition, were some controls and market are not in fair equilibrium, some factors like the variables and other that are foxed have limited entry or exit to the industry.  
  • In the macroeconomics a long run is a time when the general price, and contractual wage rates, along with the expectations are adjusted entirely to the states of the economy. and this contrast to the short-run where the variable is not fully fixed or adjusted.
  • <u>The short-run for a firm will increase the production of the marginal costs is less than the marginal revenue. The transition from the short to the long-run market equilibrium may be done on considering the supply and demands.</u>
4 0
3 years ago
Give the meaning and nature of Foreign direct Investmen.​
Inessa [10]

Answer:

foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. ... However, FDIs are distinguished from portfolio investments in which an investor merely purchases equities of foreign-based companies

6 0
3 years ago
__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc
mrs_skeptik [129]

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

7 0
3 years ago
wist Corp. has a current accounts receivable balance of $330,800. Credit sales for the year just ended were $3,804,200. a. What
Alex17521 [72]

Answer:

Receivables turnover = 11.50 times

Days' sales in receivables = 31.74 days

Average collection period = 31.74 days

Explanation:

<u>Receivables Turnover Ratio</u>

Receivables turnover = Credit Sales / Receivables

                                    = $3,804,200 / $330,800

                                     = 11.50 times

Receivables turnover ratio measures how many times a company's receivables are converted to cash in a period. A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly.

<u>Days' sales in Receivables/ Average Collection Period</u>

Days' sales in receivables = 365 days / Receivables turnover

                                            = 365 / 11.50

                                            = 31.74 days

On average, credit customers took 31.74 days to pay off their accounts.

The days' sales in receivable ratio which is also known as the average collection period tells you the number of days it took on average to collect the company's accounts receivable during the past year.

6 0
2 years ago
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