Answer:
If the museum engages in price discrimination and decides to take both "contracts" (adults and students), the profit the museum will earn is $800.
And it goes like this:
Adults: 100 x $12 = 1.200
Students: 200 x $8 = 1.600
Income: 1.200 + 1.600 = 2.800 total incomes if both contracts happens in the same day.
Profit: 2.800 (Income) - 2.000 (costs) = 800 profit
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The typical general ledger accounts usually do not provide the accounting information that managers of job order cost operations need to plan and control production activities.
Option C
<u>Explanation:
</u>
Typical general accounting generations typically do not provide the accounting information required to schedule and monitor the production activities by job-cost managers.
A general account is a database used to organize, store and sum up transactions of a business. Such accounts shall be divided into a general leader (and a map of account), accompanied by the balance sheet accounts first.
A number that all agencies can use shall be allocated to each general ledger account. A number is also allocated to separate accounts in each division. The range of transactions involving most small businesses assigns a number of three or four digits to each account.
<span>Materials purchased on account during the month amounted to $190,000
</span><span>Materials requisitioned and placed in production totaled $156,000
</span><span>Entry to record the transaction for materials =
Work in process = 156,000
Materials = 156,000
This is the entry record requisitioned by the Production department.</span>
B. The private marker can solve this problem by broadcasting Downton Abbey on cable TV, since then the good would excludable and thus no longer a public good.
This would solve the money problem, by making it so that people have to pay to watch, which will generate more income.
