Answer:
c)150,000 units
Explanation:
<em>The cost profit volume analysis shows the relationship between the level of activity, cost and profit. It can be used to solve this problem</em>
The units to be sold to make an income of $100,000 can be determined as follows:
Units to be sold = (Fixed cost + Income)/Sales minus variable cost
Fixed cost = 200,000, Selling price = 10, variable cost - 8, income - 100,000
Units to be sold =( 200,000 + 100,000)/ (10-8)
= 150,000 units
Answer:
(D) non-current asset and reported under Investments
Explanation:
The total assets comprise of current assets, fixed assets, and the intangible assets
The current assets include cash, stock, account receivable, etc
which is up to one year
Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.
And, the intangible assets include patents, copyrights, goodwill, etc.
The fixed assets and the intangible assets have life for more than one year like 5 to 6 years or even more.
In the given question, the collection is made for other receivable which is to be reported under investments and considered as a non-current asset
Answer:
d. the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.
Place more oil on the market this year, shifting the curve rightward.
Explanation:
1. In the given scenario the government is willing to give home-construction companies $10,000 for every house that they build.
This will result in more willingness on the part of the construction companies to build more houses.
More houses built means more income coming in from the government.
Therefore the supply curve of home building will shift to the right.
2. When oil producers expect prices of oil to increase in the next year, there is a need to control oil prices by increasing availability of oil in the market.
Increase in price results from a scarcity of oil. So to mitigate this excess oil is supplied to control price increase.
This action will shift the curve rightward.
Answer: Merchandise Inventory
Explanation:
Merchandise inventory are finished products purchased by a business for which they plan to sell at a higher price than cost price. The clothing held for sale at Macy's department store is an example of merchandise inventory.
Answer:
Government regulation is the best way to deal with negative externalities
Explanation:
An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .
A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on third parties. that way the cost of production of such goods and service will discourage its production
