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3 years ago

Microeconomics is

Business

1 answer:

11Alexandr11 [23.1K]3 years ago

3 0

Answer:

d. The study of the workings of the economy as a whole

Explanation:

Microeconomics is a branch of economics that studies the behaviour of individual units such as households, individuals and enterprises within the economy. Microeconomics is distinct with the study of Macroeconomics, which studies the economy as a whole

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Inc. reported the following information about the production and sale of its only product during the first month of operations:

Effectus [21]

Answer:

Cost of Goods Sold = $ 400,000

Explanation:

Units Sold = $360,000/ $225= 1600

Sales $360,000

Direct materials $176,000

Direct labor $100,000

Variable factory overhead $44,000

Fixed factory overhead $80,000

Total Manufacturing Costs $ 400,000

Variable selling and administrative expenses $20,000

Fixed selling and administrative expenses $10,000

Cost of Goods Sold = $ 400,000

As ending Inventory Finished Goods is 400 units it is not included in the Cost of Goods Sold.

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4 years ago

Why are business office established

madam [21]

Answer:

Mark me Brainliest

Explanation:

A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.

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3 years ago

Several employees at a fast-food restaurant call in sick at the last minute. The manager tries to fill in but doesn't know how t

VikaD [51]

Answer: Trained incapacity

Explanation: In simple words, it refers to the idea that after gaining a certain kind of education, skill or experience etc. the level of thinking of an individual cannot go beyond a certain limit.

In the given case, the manager was the upper level employee and was not habitual to the work that was performed by the workers in the restaurant.

Therefore this position in the workplace limited his skills of performing only the managerial work.

Hence from the above we can conclude that the above case depicts trained incapacity.

3 0

3 years ago

On January 1, 2018, Brazos Company purchased equipment and signed a sixminusyear mortgage note for $ 186 comma 000 at 15%. The

kifflom [539]

Answer:

The journal entry to record the first installment payment will include a debit to interest expense of $27,900, mortgage notes payable of $21,248 and a credit to cash account of $49,148

Explanation:

For recording the first installment payment, we have to compute the interest amount which is given below:

Interest amount = value of Mortgage note × rate × year

= $186,000 × 15% × 1 year

= $27,900

Since we have to compute the installment for January 1, 2019, therefore, we take the one year period

Now, we have to compute the principal amount which equals tp

= Installment amount - interest expense

= $49,148 - $27,900

= $21,248

So, the journal entry would be

Interest expense A/c Dr $27,900

Mortgage note payable A/c Dr $21,248

To Cash $49,148

(Being payment of the first installment recorded)

7 0

3 years ago

Your company rents computers to local businesses and schools. You have 3,000 computers with a book value of $177,500. As a resul

pantera1 [17]

Answer:

The answer is $61,000

Explanation:

An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).

The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.

Impairment Loss = Book Value – Market Value

Impairment Loss = $177,500 - $116,500

Impairment loss is $61,000

5 0

3 years ago