Answer:
$7.90 per unit
Explanation:
The computation of the minimum price on these defective units is shown below:
It is equivalent to the selling & admin variable cost per unit i.e. $7.90 per unit
oAs all the other cost would be considered as a sunk cost because the product is already generated and the fixed cost is not considered as it would remain the same whether the production is increase or not
Therefore the second option is correct
When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
<h3>What is stated amount?</h3>
A stated amount is the value or amount the owner of a property gives as the worth of the property. This can be for your vehicle and it is provided to the insurer.
The stated amount is given for insurance to show the worth of a property that is insured.
Insurance helps to prevent total loss on a property incase of some unforeseen circumstance.
Therefore, When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
Learn more on stated amount below
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Answer and Explanation:
As it is given that Ginny takes 3 hours for brewing a root beer gallon and 2 hours to make a pizza
So,
the opportunity cost of brewing a root beer gallon is
= 3 ÷ 2
= 1.5 gallons
And, the ginny opportunity cost for brewing a root beer gallon is
= 7 ÷ 5
= 1.4 gallons
As she takes 5 hours to make a pizza and 7 hours for brewing a root beer gallon
Answer:
D) debit Supplies, $1,500; credit Supplies Expense, $1,500.
Explanation:
The first journal entry was:
Dr Supplies expense 4,000
Cr Cash 4,000
If at the end of the year the supplies inventory equals $1,500, then the supplies expense must decrease. Expenses have a debit balance, if we want to decrease them, we must credit them.
The adjusting entry would be:
Dr Supplies 1,500
Cr Supplies expense 1,500
This way the supplies account (asset) increases, while the expenses decrease.
To calculate the cross elasticity of demand you divide the percent change in quantity by the percent change in price.
5/3 = 1.666
