Answer:
B. $0.56
Explanation:
In this question, we use the high low method for calculation of variable cost per yard
The computation of the variable cost per yard is shown below:
= (High overhead costs - low overhead costs) ÷ (High yards processed - low yards processed)
= ($31,000 - $26,000) ÷ (35,000- 26,000)
= $5,000 ÷ 9,000
= $0.56 per unit
Answer:
The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.
Explanation:
When Morgan Manufacturing sold goods, the company should make two journal entry to record Cost of goods sold and Sales revenue.
The entries:
1. Debit Cost of goods sold $35,000
Credit Finished-Goods Inventory $35,000
2. Debit Cash $45,000
Credit Sales revenue $45,000
The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.
Answer:
B) assigning property rights to individuals.
Explanation:
The tragedy of the commons is the result of excessive individual consumption of a non-excludable good.
There are two ways to reduce or eliminate the negative effects of the tragedy of the commons:
- limit access to the resources, i.e. make them excludable.
- convert the common resources into private goods, i.e. assign property rights to individuals.
Answer:
<u>In this question we are talking about the steps involved in communication planning:</u>
- Identify the problem /the purpose of your communication
- Identifying the target audience
- Design or plan the ways you want to communicate your message
- Evaluate the resources you have
- Plan for emergencies
- Develop strategies on how to spread the message or information you want to communicate
- Action planning
- Plan evaluation
Answer:
A. supply goods in order to accumulate profits.
Explanation:
Say's law is a law in economics that states that the sole existence of supply creates it's own demand. So much so that it claims that the production of a certain products, creates demand for a different product by creating value to be exchanged for the first product. Therefore according to Say's Law, people supply goods in order to obtain other goods