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Contact [7]
2 years ago
12

Career question easy below :)

Business
1 answer:
rewona [7]2 years ago
6 0

Answer:

I think the answer is D

Explanation:

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Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the o
Volgvan

Answer:

Fall or decrease

Explanation:

Other things being constant, if two goods are close substitutes, decrease in the price of one good will lead to fall in the demand of its substitute, The price of the good that has fallen is now available at cheaper price. So consumers will demand more of cheaper good, thereby increasing its demand and decreasing the demand of substitute good. As such, both equilibrium price and quantity of other good falls or decrease.

8 0
3 years ago
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning
harkovskaia [24]

Answer:

$87,000

Explanation:

Calculation of the conversion cost for November.

Conversion cost can be defined as the combination of both direct labor costs and manufacturing overhead costs that are vital to help convert raw materials into product.

Using this formula

Total Conversion cost = Direct labor cost + Manufacturing overhead cost

Hence,

Direct labor cost $25,000

Add Manufacturing overhead cost $62,000

Total Conversion cost $87,000

Therefore the conversion cost for November is $87,000

4 0
3 years ago
Jobs of financial
sukhopar [10]

Answer:

The answer is option B) without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.

Explanation:

The financial plan of an organization also known as financials is a record used to determine how a business will afford to achieve its strategic goals and objectives.

The Financial Plan collates each of the activities, resources, equipment and materials that are needed to achieve these objectives and specify time frames involved.

A financial plan contains a sales forecast, expense budget, cash flow statement, income projections, asset and liabilities, depreciation table, break even analysis and pre-operating costs. It shows whether the firm is making profit or running at a loss.

It is usually prepared in a spreadsheet.

This plan is what the bank and investors will need to evaluate your business.

Without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.

8 0
3 years ago
If revenues are recognized only when a customer pays, what method of accounting is being used?Recognition basisAccrual-basisMatc
Dvinal [7]

Answer:

The correct answer here is Cash basis.

Explanation:

One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.

3 0
2 years ago
During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of
iren2701 [21]

Answer:

A. Increase liabilities (Accounts payable) by $337.8 million

Explanation:

The journal​ entry will be: Inventory (Credit - Increased) 337,860,000 and Accounts payable (Debit - Increased) 337,860,000.

The company must recognize the increase in the Inventory and the medium of payment (Accounts payable).

B is false because this operationn can also be a decrease in cash, but the amount in the operation is too high for this payment medium.

C is false because, the inventory is not sold, and COSG will be increased when the goods are sold.

D is also false because the inventory is increasing, not decreasing.

6 0
2 years ago
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