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2 years ago

How does a subsidy provided for a good affect consumers?

Business

1 answer:

Orlov [11]2 years ago

7 0

Answer: D. It increases consumers’ incomes and encourages consumers to buy the good

Explanation:

A subsidy is an amount of money that is given by the government to producers or farmers so as to increase the production of a particular good and also to reduce the price of the good.

Subsidies affect consumers as it increases consumers’ incomes and encourages consumers to buy the good. This is because the subsidized goods will be sold at a cheaper price which means that the income of the consumer is increased and also encourages more purchases of the good.

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The following information is for Punta Company for July: Factory overhead costs were applied to jobs at the predetermined rate o

Aleksandr-060686 [28]

Answer:

Solution 1 : Total Manufacturing Cost of Job S is $434,847.5 while for Job T is $ 392,247.5

Solution 2 : The amount of overheads has been over-applied and the Cost of Goods Sold will decrease by $94,695

Explanation:

<u>Solution 1</u>

Particulars Job S ($) Job T ($)

Direct material 47,700 113,450

Direct labor 64,500 54,000

Overhead Applied (Hours* $51.50) 322,647.5 224,797.5

Total manufacturing cost 434,847.5 392,247.5

<u>Solution 2</u>

In order to calculate the amount of over-applied or under-applied, we will take the difference between the overheads applied and the actual overheads incurred during the period. If the applied overheads are more than the actual then the amount has been over-applied and the Cost of Goods Sold will decrease. However, in case the overheads were under-applied then the Cost of Goods Sold would increase. The calculation has been done below:

Actual Overhead = $86,250 + $215,500 + $151,000 = $452,750

Applied overhead = 322,647.5 + 224,797.5 = $547,445

Over-applied/Under-applied overhead = Applied overhead - Actual Overhead

547,445 - 452,750 = $94,695. The overheads has been over-applied.

Cost of Goods Sold account will be decreased by $94,695.

4 0

2 years ago

Schrute Farm Sales buys portable generators for and sells them for He pays a sales commission of 5% of sales revenue to his sal

Maksim231197 [3]

Complete question :

Schrute Farm Sales buys portable generators for $470 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $5,000 a month rent for his store, and also pays $2,200 a month to his staff in addition to the commissions. Mr. Schrute sold 600 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution margin? O A $444,000 O B. $139,800 O C. $748.200 D. $304 200

Answer:

139,800

Explanation:

Total Revenue = (quantity sold * price) = (600 * $740) = $444,000

Purchase cost = (purchase price * quantity) = (470 * 600) = $282,000

Variable selling cost = 5% of total revenue = (0.05 * 444,000) = $22,200

Total variable cost = (cost of purchase + variable selling price) = $(282,000 + 22,200) = $304,200

Contribution margin = (revenue - variable cost) = (444,000 - 304,000) = $139,800

Therefore, CONTRIBUTION MARGIN = $139,800

5 0

3 years ago

What type of a goal is graduating from college in four years? (I forgot the attachment from last question)

Novosadov [1.4K]

Answer:

Long-term

Explanation:

8 0

3 years ago

Read 2 more answers

John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but

DerKrebs [107]

Answer: D. Kate's policy will pay $1,500, and John's policy will pay $250.

Explanation:

The deductible is the amount that a policy holder has to pay before the insurance company pays the remaining amount.

From the question, we are informed that John has an auto which is covered for collision losses subject to a $250 deductible while Kate's auto also has collision coverage but her deductible is $500.

If a $2,000 collision loss occurs when John borrows Kate's car because his car is in the shop for repairs, since John has a deductible of $500, Kates policy will pay ($2000 - $500) = $1500 and John's policy will pay $250.

3 0

2 years ago

question 3 fill in the blank: data involves creating new ways of modeling and understanding the unknown by using raw data.

faltersainse [42]

Data analysis involves creating new ways of modeling and understanding the unknown by using raw data.

Working with data to extract relevant information that may be used to guide decisions is known as data analysis.

What is data analysis?

Data analysis tools are software and programmers that gather and analyze data about a company, its clients, and its competitors in order to streamline operations and help decipher patterns so that decisions may be made using the data.
The process of inspecting, purifying, manipulating, and modelling data in order to find relevant information, support inferences, and help decision-making.
Data analysis is utilized in several fields of business, science, and social science and has many dimensions and methodologies.
It includes various techniques and goes by many different names. Data analysis contributes to more scientific decision-making and more efficient business operations in the modern business world.

To learn more about data analysis visit:brainly.com/question/18169335

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8 0

1 year ago