The 2 primary decision making styles include intuition and brainstorming. (true or false)

In the Romer model, the inputs to production are:

frosja888 [35]

Answer:

c. labor and ideas.

Explanation:

The Romer model is a type of economical model that breaks down the world into objects and ideas such as capital, labor

In the Romer model, the inputs to production are labor and ideas.

6 0

3 years ago

The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units

aev [14]

Answer:

Break-even point= 58621 units

Explanation:

Giving the following information:

Sales (50,000 units) $ 1,000,000

Costs:

Direct materials $ 270,000

Direct labor 240,000

Fixed factory overhead 100,000

Variable factory overhead 150,000

Fixed marketing costs 110,000

Variable marketing costs 50,000

We need to use the following formula:

Break-even point= fixed costs/ contribution margin

Price= 1,000,000/50,000= $20

Variable cost= direct material + direct labor + variable moh + variable mkt cots= 270,000 + 240,000 + 150,000 + 50,000= $710,000

Unitary variable cost= 710,000/50,000= $14.2

Fixed costs= fixed moh + fixed mkt= 100,000 + 110,000= 210,000

Profit= 130,000

Break-even point= (210,000 + 130,000) / (20 - 14.2)= 58621 units

8 0

4 years ago

The rates of return on Cherry Jalopies, Inc., stock over the last five years were 22 percent, 11 percent, −4 percent, 6 percent,

cupoosta [38]

Answer:

Cherry Jalopies, Inc.:

mean = (0.22 + 0.11 - 0.04 + 0.06 + 0.09) / 5 = 0.52 / 5 = 0.104

variance = [(0.22 - 0.104)² + (0.11 - 0.104)² + (-0.04 - 0.104)² + (0.06 - 0.104)² + (0.09 - 0.104)²] / 5 = (0.013456 + 0.000036 + 0.020736 + 0.001936 + 0.000196) / 5 = 0.007272

standard deviation = √0.007272 = 0.085276 = 8.53%

Straw Construction Company:

mean = (0.16 + 0.23 - 0.01 + 0.01 + 0.17) / 5 = 0.56 / 5 = 0.112

variance = [(0.16 - 0.112)² + (0.23 - 0.112)² + (-0.01 - 0.112)² + (0.01 - 0.112)² + (0.17 - 0.112)²] / 5 = (0.002304 + 0.013924 + 0.014884 + 0.010404 + 0.003364) / 5 = 0.008976

standard deviation = √0.008976 = 0.09474 = 9.47%

5 0

3 years ago

The following inventory transactions took place near December 31, 2018, the end of the Rasul Company's fiscal year-end:On Decemb

katrin [286]

Answer:

On December 27, 2018, merchandise costing $2,000 was shipped to the Myers Company on consignment. The shipment arrived at Myers's location on December 29, but none of the merchandise was sold by the end of the year. The merchandise was not included in the 2018 ending inventory.

TRANSACTION CORRECTLY ACCOUNTED FOR

On January 5, 2019, merchandise costing $8,000 was received from a supplier and recorded as a purchase on that date and not included in the 2018 ending inventory. The invoice revealed that the shipment was made f.o.b. shipping point on December 28, 2018.

TRANSACTION INCORRECTLY ACCOUNTED FOR, it should have been included in the ending inventory on December 31, 2018, since it was purchased FOB shipping point.

On December 29, 2018, the company shipped merchandise costing $12,000 to a customer f.o.b. destination. The goods, which arrived at the customer’s location on January 4, 2019, were not included in Rasul's 2018 ending inventory. The sale was recorded in 2018.

TRANSACTION INCORRECTLY ACCOUNTED FOR, it should have been included in the ending inventory on December 31, 2018, since it was sold FOB destination.

Merchandise costing $4,000 was received on December 28, 2018, on consignment from the Aborn Company. A purchase was not recorded and the merchandise was not included in 2018 ending inventory.

TRANSACTION CORRECTLY ACCOUNTED FOR

Merchandise costing $6,000 was received and recorded as a purchase on January 8, 2019. The invoice revealed that the merchandise was shipped from the supplier on December 28, 2018, f.o.b. destination. The merchandise was not included in 2018 ending inventory.

TRANSACTION CORRECTLY ACCOUNTED FOR

6 0

4 years ago

Homeowners insurance provides what two basic types of coverage?

ki77a [65]

I think b is the correct answer

7 0

3 years ago

Read 2 more answers