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3 years ago

Consider the following statements regarding the economic pricing model:

Business

1 answer:

Setler79 [48]3 years ago

6 0

Answer:

C. I and III.

Explanation:

The demand curve is affected by many variables that can change in a relatively short period of time, for example, consumers' income. Even if a company is able to measure the demand curve, it cannot be sure for how long that result holds true. Managerial accounting is designed to measure historical costs generally associated to a certain production range.

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Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per

nirvana33 [79]

Answer:

Total Income=$16,440

Explanation:

Number of working hours allowed=1,200 hour per year

Amount paid =$6 per hour

Welfare amount, if Bruce does not work=$15,000

If Bruce works, deduction on 1$=$0.60 or 60 cents

Bruce worked per year=600 hours

Required:

Income of Bruce=?

Solution:

Income from working=600*6

Income from working=$3,600 per year

Amount received from Welfare=$15,000- (3,600*0.60)

Amount received from Welfare=$12,840

Total Income=Income from working+Amount received from Welfare

Total Income=$3,600+$12,840

Total Income=$16,440

6 0

3 years ago

Prepare the journal entries for the following petty cash transactions of LintonGaming Supplies:Feb.1Established a petty cash fu

madreJ [45]

Answer and Explanation:

1. Petty cash Dr, 150

To Cash account $150

(Being establishment of the fund is recorded)

For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets

2. Office supplies $35

Entertainment expense Dr, $110

To Cash account (balancing figure) $140

To Cash short and over $5 ($150 - $35 - $110)

Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets

3. Petty cash account $150 ($300 - $150)

To Cash account $150

(Being the increase in balance is recorded)

For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets

7 0

4 years ago

Hernandez Corporation expects to have the following data during the coming year. What is Hernandez's expected ROE

Wewaii [24]

Answer:

13.56%

Explanation:

For the computation of return in equity first we need to follow some steps which are shown below:-

D/A = Debt ÷ Total assets

Debt = $200,000 × 65%

= $130,000

Interest expense = $130,000 × 8%

= $10,400

Total assets = Total liabilities + Total equity

Total equity = $200,000 - $130,000

= $70,000

Net income = (EBIT - Interest expense) × (1 - Tax rate)

= ($25,000 - $10,400) × (1 - 0.35)

= $9,490

ROE = Net income ÷ Equity

= $9,490 ÷ $70,000

= 13.56%

7 0

3 years ago

Which of the following products probably accounted for by a company using a job order costing system? A) facial tissue B) Hershe

natka813 [3]

Answer: D) A custom built house

Explanation:

Job Order Costing determines the cost of each specific good instead of grouping them all together. When making goods that vary in type, this is the best type of costing method to use as it will take into account the unique cost objects used.

Custom built houses will require cost objects that are different from standadized houses. A specific design will have to be used, non standard material and the like will be used as well. This means that when computing cost, it will have to be specific to the needs of the custom house so it is most probable that Job Order Costing was used.

5 0

4 years ago

When an advertiser cites technical information, such as the results of laboratory studies, in an advertisement, a(n) _____ style

Dominik [7]

Answer:

Scientific/technical evidence

Explanation:

When an advertiser cites technical information, such as the results of laboratory studies, in an advertisement, a scientific/technical evidence style of execution is being used. This information is much important for the customers for certain products and services. For example, Toothpaste making companies use to highlight that their toothpaste has been approved by certain dental associations and some highly useful and recommended chemicals also present in their toothpaste which are very useful for the protection of teeth and gums. Likewise, when shampoo making brands highlight use of certain chemicals in their ads etc.

3 0

3 years ago