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earnstyle [38]
3 years ago
5

Explain how consumer's income can affect the demand curve for normal goods?

Business
1 answer:
larisa [96]3 years ago
3 0
I think it is because it is very hard to do
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Use the following information for the next four questions.St. James, Inc. currently uses traditional costing procedures, applyin
Nonamiya [84]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Estimated overhead= $800,000

Total estimated direct labor hours= 4,000

Direct labor hours Beta= 1,200

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 800,000/4,000= $200 per hour

Now, we can allocate overhead to Beta:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 200*1,200= $240,000

6 0
3 years ago
Ornaments, Inc., is an all-equity firm with a total market value of $663,000 and 32,800 shares of stock outstanding. Management
Dvinal [7]

EPS = $1.44 (after rounding off)

<u>Explanation:</u>

<u>The calculation of Earnings per share is as follows: </u>

Particulars                                   Amount

Earnings before interest and tax = 71325

Less: amount of interest = 0

Earnings before tax = $71325

Less : the amount of tax ( 34 percent) = 2425.05

Net income = $47074.5

The number of shares given = 32,800

The formula of calculating the earning per share is = Net income divided by the number of the shares of a company

Thus, EPS = $47074.5 divided by 32,800 = $1.44 (rounded oof)

7 0
3 years ago
You are considering the purchase of a home that would require a mortgage of $150,000. How much more in total interest will you p
Irina18 [472]

Answer:

$111,991.59

Explanation:

using a loan calculator, I found the following information:

principal $150,000

apr 5.65%

360 monthly payments of $865.85

total payments $311,707.33

total interest charged on the loan $161,707.33

principal $150,000

apr 4%

180 monthly payments of $1,109.53

total payments $199,715.74

total interest charged on the loan $49,715.74

if you choose the 30 year mortgage, you will pay $161,707.33 - $49,715.74  = $111,991.59

3 0
2 years ago
How relevant are references when information about an applicant can be easily located through an online search of blogs, social
skelet666 [1.2K]

Answer:

References are former colleagues and supervisors who can vouch for your performance in past companies where you worked. References are the best way an employer can get information on past work experience, performance, and work ethic

It is a way to also cross-check the information given by the applicant for accuracy. They also give insight on your skills, strengths, and achievements.

Explanation:

6 0
3 years ago
In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company
saul85 [17]

Answer: The matching principle (B)

Explanation:

Matching principle states that all expenses must be recorded in the same period as the revenue that was earned

6 0
3 years ago
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