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2 years ago

Which of the following statements accurately describe the phases of a business cycle? Check all that apply.

Business

1 answer:

sattari [20]2 years ago

3 0

Answer:

Which of the following statements accurately describe the phases of a business cycle? Check all that apply.

a. A contraction phase is when an economy exhibits decreasing levels of production and consumption.

c. A trough occurs at the end Of the contraction phase and the beginning of the expansion phase.

d. A peak level of business activity occurs at the end of the expansion phase and the beginning of the contraction phase.

A contraction period is characterized by the following attributes: businesses that are operating lower productive capacity, HIGH unemployment, low retail sales, LOWER prices and interest rates, a declining stock market, and expectations of LOWER business profits.

Contraction periods tend to end with a TROUGH, while expansion periods tend to end with a PEAK.

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The equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. Gravity Hospital’s December

ch4aika [34]

Answer:

The cost of the equipment when it was acquired on January 1, 2011 is $10000

Explanation:

10000÷5=2000

2000*10=20000

20000 80%

X 100% X=25000

25000*20%= 5000 25000-20000=20000

2011 2000

2012 2000

2013 2000

2014 2000

2015 2000 10000

8 0

3 years ago

The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000. Bardot Marine manufactures two types

Olenka [21]

Answer: the total number of budgeted direct labor hours for the year. - 600 DLH

the single plantwide factory overhead rate- $100 per DLH

the factory overhead allocated per unit for each product using the single plantwide factory overhead rate. Speedboats $ per unit Bass boats $ per unit--- For Both Products $1,200

Explanation:

5 0

3 years ago

According to Sheryl Connelly, Ford's global consumer trends manager, millennial buyers want lifestyle accessories on their vehic

Klio2033 [76]

Lifestyle can be defined through various perspectives, depending on the type of approach used to answer the question. The term itself was first conceptualized by the psychologist Alfred Adler, which defines it as “a person’s basic character as established as early in childhood”.

Marketing, however, prefers to define lifestyle as (A) an individual's pattern of living expressed through activities, interests, and opinions.

6 0

3 years ago

Career Services, Incorporated sold some office equipment for $52,000 on December 31, 2021. The journal entry to record the sale

Papessa [141]

Answer:

Date of selling machine is 31 Dec 2021, then gain of $47,000

If date of selling this machine is 31 Dec 2012 (used tenor: 4 years), then gain of 2,000

Explanation:

Depreciation per year = (original cost $80,000 - residual value $5,000)/ useful life of 10 years

= $7,500 per year

Date of purchase: January 1, 2009

Date of sold: December 31, 2021

⇒ Actual life of this machine = 13 years, but the maximum depreciation as accounting rule is for 10 year only

After 13 years, the book value = original cost - depreciation booked

= $80,000 - $7,500*10 = $5,000

Gain/ Loss = sold price - boo value = $52,000 - $5,000 = $47,000

If date of selling this machine is 31 Dec 2012 (used tenor: 4 years), then we have:

Gain/ Loss = sold price - book value

= $52,000 - ($80,000 - $7,500*4) = 2,000

4 0

3 years ago

Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasin

kipiarov [429]

Answer:

Yozamba Technology

Divisional Income Statements:

Consumer Commercial Total

Revenues $7,430,000 $6,184,000 $13,614,000

Cost of goods sold 4,123,000 3,125,000 7,248,000

Gross profit $3,307,000 $3,059,000 $6,366,000

Operating expenses 1,465,000 1,546,000 3,011,000

Corporate expenses:

Tech Support 322,500 193,500 516,000

Purchasing 31,360 58,240 89,600

Other corporate administrative expenses 560,000

Total expenses $1,818,860 $1,797,740 $4,176,600

Net income (loss) $1,488,140 $1,261,260 $2,189,400

Explanation:

a) Data and Calculations:

Corporate expenses for the year ended December 31, 20Y7:

Tech Support Department $516,000 Number of computers

Purchasing Department 89,600 Number of POs

Other corporate administrative expenses 560,000

Total corporate expense $1,165,600

Usage of Service:

Tech Support Purchasing

Consumer Division 375 computers 1,960 purchase order

Commercial Division 225 3,640

Total 600 computers 5,600 purchase order

Overhead Rates:

Tech Support = $860 per computer ($516,000/600)

Purchase = $16 per purchase order ($89,600/5,600)

Allocation of Corporate Expenses:

Tech Support Purchasing Total

Consumer Division $322,500 $31,360 353,860

(375 * $860) (1,960 * $16)

Commercial Division 193,500 58,240 251,740

(225 * $860) (3,640 * $16)

Total $516,000 $89,600 $605,600

3 0

2 years ago