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3 years ago

Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000

Business

1 answer:

Nikolay [14]3 years ago

4 0

Answer:

Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000

greeting cards is $4000. The price of a greeting card is $4.

What is this firm's economic profit (or loss)?

Explanation:

or loss

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Whats the purpose for people to connect to products

MAVERICK [17]

So they will want to buy them if someone sees a product they like and maybe feels a connection to buy it then they will buy it

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3 years ago

Read 2 more answers

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepa

skad [1K]

Answer and Explanation:

The Preparation of income statement, retained earnings statement, and balance sheet is prepared below:-

Elliptical Consulting

Income statement

For the Year Ended June 30, 2016

Particulars Amount

Revenue

Fees earned $60,000

Less:

Expenses

Salary expense $32,375

Supplies expense $2,100

Depreciation expense $1,500

Miscellaneous expense $2,000

Total expense $37,975

Net income $22,025

Elliptical Consulting

Retained earning

For the Year Ended June 30, 2016

Particulars Amount

Opening balance $52,200

Add:Net income for the year $22,025

Total $74,225

Less: Dividends $2,000

Closing balance of retained

earnings $72,225

Elliptical Consulting

Balance Sheet

For the Year Ended June 30, 2016

Particulars Amount

Assets

Cash $27,000

Accounts receivable $53,500

Supplies $900

Total current assets $81,400

Property plant and equipment

Office Equipment $30,500

Less:Accumulated

Depreciation $6,000 $24,500

Total Assets $105,900

Liabilities & Stockholder's Equity

Accounts payable $3,300

Salaries payable $375

Total liabilities $3,675

Stockholder's Equity

Common Stock $30,000

Retained earnings $72,225

total stockholders Equity $102,225

Total liabilities and Stockholder's

Equity $105,900

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3 years ago

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as.

algol [13]

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

<h3>What is standard of living?</h3>

Standard of living refers toincome, comfort, out put or goods, population, gender, race and necessities of certain classes in some areas or characteristics of quality of life in a place.

The standard of living is measured by Gross domestic product per capital. That is GDP divided by population.

Gross domestic product(GDP) is the total number of goods produced in a nation per year.

Therefore, The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

For more details on standard of living check the link below.

https://brainly.com/question/930000.

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2 years ago

he Heating Division of Kobe International produces a heating element that it sells to its customers for $45 per unit. Its variab

tigry1 [53]

Answer:

$45 per unit.

Explanation:

The minimum transfer price is the price that is acceptable to the transferring division and out out of a range of acceptable prices, it is that price the would be the best for the company.

Min Transfer Price = Variable Costs - Internal Savings + Opportunity cost

= $22 + 15,100/15,100 × ($45-$22)

= $45

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3 years ago

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c

deff fn [24]

Answer:

$291,000

Explanation:

First, we need to calculate the weighted average expenditure. the Weighted average expenditure is calculated and attached with the answer in PDF format please find it.

Now calculate the Average interest rate on General debt

Average interest rate on General debt = [ ( $7,000,000 x 14% ) + ( $3,000,000 x 9% ) ] / ( $7,000,000 + $3,000,000 ) = [ $980,000 + $270,000 ] / $10,000,000 = $1,250,000 / $10,000,000 = 0.125 = 12.5%

Now the specific loan of $2,350,000 is utilised and the remianing value of expenditure is $636,000 ($2,986,000 - $2,350,000) fromgeneral debt is utilized for the costruction purpose. The interest on both loan should be capitalised.

Interest capitalized = ( $2,350,000 x 9% ) + ( $636,000 x 12.5% ) = $211,500 + $79,500 = $291,000

Download pdf

8 0

3 years ago