Answer:
sole proprietorship
Explanation:
A sole proprietorship is a business that is owned and run by one person. The person is responsible for operations and decision-making.
There is no distinction between the business and the individual.
The instance given, the proceeds from Sung's business is used to supplement her allowance .
Answer:
The amount of factory overhead applied in October is $63,300.
Explanation:
Goods finished + Oct 31 work in progress = direct materials + direct labor + oct 1 balance + factory overhead
360,000 + 21,000 = 96,700 + 201,000 + 20,000 + Factory Overhead
381,000 = 317,700 + Factory overhead
Factory overhead = $63,300
Therefore, The amount of factory overhead applied in October is $63,300.
Answer:
the fifth game of chess is a different good than the first game of chess.
Explanation:
In this scenario Jackson says that the fifth game of chess gave him more utility than the first game he played. This goes against the law of diminishing marginal utility which states that the utility a consumer gains from consuming a good diminishes as more of the good is consumed.
The logical explanation an economist will give is that the fifth game was a different product than the first game. So the utility between the products are different.
In such a situation it is possible that the utility from the fifth game is higher than that of the first game
Answer:
*Expected sales units= 20% of next quarter's unit sales
*Estimated first quarter 2018 sales units : 210000+(210000*10%) =231,000 : 231000*20%
*Beginning inventory for first quarter = 20% of estimated first qurter's sale = 210000*20%= 42000
Explanation:
* desired ending direct material for qtr 4 = 499000*10% =49900
* beginning direct material for qtr-1 = 436000*10% =43600
evader, (ignoring the decision)