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Degger [83]
3 years ago
7

Classify each of the following items as a final good or an intermediate​ good, and classify the expenditure on each final good a

s consumption expenditure or​ investment:
a. Fertilizer bought by a Florida tomato grower.
b. A haircut bought by a student.
c. New cars bought by Hertz comma the car rental firm.
d.. A new bridge across the creek in the Augusta National Golf Club.
Business
1 answer:
klasskru [66]3 years ago
5 0

Answer:

Classification of Goods

a.           Intermediate good; Investment

b.           Final Good = Consumption

c.           Intermediate good; Investment

d.           Intermediate good = Investment

Explanation:

An intermediate good produces a final good for consumption.  Intermediate goods are used for investment to generate more resources that can be consumed in the future.  A final good, in most cases, does not require further processing.  It is consumed immediately by the buyer.

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What is the benefit of employing an ethics officer?
Lyrx [107]

Answer:

A. This professional serves as a law-enforcement officer, with the authority to arrest employees who do not abide by the ethics code.

Explanation:

3 0
3 years ago
Fundamental analysis is likely to yield best results for _______.A. NYSE stocksB. neglected stocksC. stocks that are frequently
TiliK225 [7]

Answer:

<u>C. stocks that are frequently in the news</u>

Explanation:

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6 0
3 years ago
Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis?
Lena [83]

Answer:

C

Explanation:

Here both statements I and II  represent a principal's duty to an agent who works on a commission basis.

that is The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement  and also he is required to reimburse the agent for all authorized expenses incurred unless the agreement calls for the agent to pay expenses out of the commission.

Hence, option C is correct

4 0
3 years ago
Joni Hyde inc. has the following amounts reported in it general ledger at the end of the current year. Organization costs. 24,00
Lana71 [14]
Yes........?????????????
6 0
3 years ago
ChowMein Company is the exclusive Montana distributor of lawn mowers for a small manufacturing company. It sells only one model
frozen [14]

Answer:

ChowMein Company

a. Monthly break-even point in sales dollars = Fixed Costs/Contribution margin

= $2,000/50%

= $4,000

b. Monthly break-even point in units = Fixed Costs/Contribution per unit

= $2,000/$300

= 6.67 or simply 7 units

c. Monthly income for April:

Sales ($600 * 15) = $9,000

Variable cost ($300 * 15) = $4,500

Contribution =   $4,500

Fixed Costs = $2,000

Income = $2,500

d. Monthly income for May:

Sales ($600 * 20) = $12,000

Variable cost ($300 * 20) = $6,000

Contribution =   $6,000

Fixed Costs = $2,000

Income = $4,000

e. Margin of Safety for April:

Sales in April minus Break-even Sales

= $9,000 - $4,000

= $5,000

Explanation:

Data and Calculations:

Unit selling price = $600

Unit variable costs = $300 ($250 + 50)

Unit Contribution = $300

Contribution margin = 50% ($300/$600 * 100)

Fixed Costs = $2,000

April sales = 15

May sales = 20

4 0
3 years ago
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