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3 years ago

Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.

Business

1 answer:

Zinaida [17]3 years ago

8 0

Answer and Explanation:

1. The first statement is true

2. The second statement is false as the company that claims the compliances would comply with the standard, interpretations and the disclosure requirements

3. The third statement is true

4. The fourth statement is false as for creating a standard there si two basic premises i.e.

a. It should be responsive to the needs and the viewpoints with respected to the overall economic community

b. It should be operated in complete public view

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Maggie’s mom agrees to let Maggie buy small gifts for some of her friends. Each gift costs $4. Maggie’s mom gave her a budget of

solmaris [256]

Maggie can buy 3 gifts

Solution:

Total budget $19

Each gift costs $4

Shipping fee $7

a. Total budget — Shipping fee = $19 - $7 = $12

Maggie’s got $12 more

Each gift costs $4

Number of gifts that Maggie can buy = $\frac{12}{4}$ =3

b. Let x represent the number of gifts.

19 = 7 +4x

Subtract -7 from both sides

19 - 7= 7 + 4x - 7

Now Simplify,

12 = 4x

Divide both sides by 4

$\frac{12}{4} = \frac{4x}{4}$

x = 3

5 0

3 years ago

Diamond Boot Factory normally sells its specialty boots for $35 a pair. An offer to buy 110 boots for $29 per pair was made by a

Marat540 [252]

Answer:

Since there is no loss occur from these sales and rather $15 per pair is profit from the sale of boots. So it should be accepted.

Explanation:

Now the calculation of differential income or loss per pair of boots from selling to the organization,

8 0

3 years ago

The cost of using/borrowing money is reflected in the

spayn [35]

Interest rate? Repayment amounts? Length of time of loan? Smile on the face of the money lender? Might there be a little more to this quesition?

8 0

3 years ago

5 Make versus buy, activity-based costing. The Svenson Corporation manufactures cellular modems. It manufactures its own cellula

zmey [24]

Answer:

See below

Explanation:

Expected manufacturing costs 2018:

Direct materials $170 × 10,000 = $1,700,000

Direct labor $45 per unit × 10,000 = $450,000

Variable overhead per batch 1,500 × 80 = $120,000

Fixed overhead:

Avoidable $320,000

Not avoidable $800,000

1. Calculate that total expected manufacturing cost per unit of making CMCBs in 2018

= $1,700,000 + $450,000 + $120,000 + $320,000 + $800,000

= $3,390,000

Cost per unit = $3,390,000/10,000 units

= $339 per unit

2. Svenson should keep manufacturing the CMCBs

Costs if CMCBs are purchased from Minton = ($300 × 10,000) + $800,000

= $3,000,000 + $800,000

= $3,800,000

It means that the cost of purchasing is $410,000 [ $3,390,000 - $3,800,000] higher than the cost of manufacturing.

5 0

3 years ago

Jack's manufacture company have experienced inflation for the past three years as follows: the first year's periodic inflation r

ankoles [38]

Answer:

8.09%

Explanation:

Year Inflation rate 1 + Inflation rate

1 0.03 1.03

2 0.04 1.04

3 x 1+x

Average rate 0.05 0.05

1 + Average rate = [(1+r1)*(1+r2)*(1+r3)]^(1/3)

1.05 = [1.03*1.04*(1*x)]^(1/3)

[1.0712*(1+x)] = (1.05)^3

[1.0712*(1+x)] = 1.157625

1 + x = 1.157625 / 1.0712

1 + x = 1.080681

x = 1.080681 - 1

x = 0.080681

x = 8.09%

Thus, the periodic Inflation rate in year 3 is 8.09%

5 0

3 years ago