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3 years ago

The first step in successfully creating and using a budget is

Business

1 answer:

mr Goodwill [35]3 years ago

8 0

Answer:

Determine your income. Start with how much money you make after tax each month

Explanation:

i hope this help

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Lion Company makes 10,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part i

Dovator [93]

Answer:

It the company buys the units, the effect on income will be an $8,000 decrease.

Explanation:

Giving the following information:

Production costs:

Direct materials= $13.2

Direct labor= 20.8

Variable manufacturing overhead= 3.00

Avoidable fixed manufacturing overhead= 4.5

Unitary cost= $41.5

Outside supplier offer= 10,000 units for $42,3 each

We need to calculate the relevant total cost of each option.

Make in-house:

Total relevant cost= 10,000*41.5= $415,000

Buy:

Total relevant cost= 10,000*42.3= $423,000

It the company buys the units, the effect on income will be an $8,000 decrease.

8 0

3 years ago

Two hundred people were asked if they had read a book in the last month. The accompanying contingency table, cross-classified by

Rainbow [258]

Question Continuation

The probability that a respondent read a book in the last month and is at least 30 years old is the closest to

A. 0.33

B. 0.88

C. 0.46

D. 0.12

See Attachment for complete question

Answer:

A. 0.33

Explanation:

To solve this question, we need the intersecting cell of Yes and 30+

$n(Yes\ n\ 30+) = 65$

The probability is then calculated as follows:

$P(Yes\ n\ 30+) = \frac{n(Yes\ n\ 30+)}{Total}$

Where Total = 200

$P(Yes\ n\ 30+) = \frac{65}{200}$

$P(Yes\ n\ 30+) = 0.325$

From the list of given options; (A) is the closest to 0.325

Hence:

Option A answers the question

3 0

4 years ago

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces,

jeka57 [31]

Correct/Complete Question:

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True or False

Answer:

True

Explanation:

The above forces, economic, political and social determine the answers to the three economic problems and also determines how economic forces operate in an economy. The three economic questions are;

- What goods and services should be produced?

- How should these goods and services be produced?

- Who consumes these goods and services?

Political forces are forces that influence the economic and political stability of the market. Social forces include cultural influences on the economic stability of the market. Economic forces on the other hand are the factors that determine/influence the competitiveness of the market in which a firm operates.

I hope this helps.

5 0

3 years ago

S. Gunner purchased a piece of equipment costing $6,000. She paid $1,000 immediately and put the rest on account. Show how to re

quester [9]

Answer:

6,000 on the left side of Equipment account; $5,000 on the right side of Accounts payable account; $1,000 on the right side of the Cash account

Explanation:

When fixed assets are bought whether paid for or not, debit the asset account with the monetary value if the asset, and credit cash or bank if payment is made or credit account payable account where purchase is on credit.

In this case, the following entries should be done:

Debit Equipment Account $6,000

Credit Cash Account $1,000

Credit Account Payable $5,000

8 0

3 years ago

Firms face competing pressures in the marketplace-how to achieve lower costs through proven approaches to production, while look

nignag [31]

Answer:

a. leverage skills and products associated with a firm's core competencies from one country to another.

Explanation:

Company A can still meet the demands of the local markets and the competitive pressures it is facing by utilizing its core competences and deploring its products internationally. A hybrid of localization and international strategies would be more appropriate. This hybrid approach will enable the company "to realize the full benefits from economies of scale and learning effects, without losing on location economies," as desired in the case study.

8 0

3 years ago