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Vikentia [17]
3 years ago
9

Which statement best describes the circular flow of an economy?

Business
1 answer:
mariarad [96]3 years ago
7 0

Answer:

The exchange of money, goods, and services in an economy is the correct answer.

Explanation:

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Nebraska Company uses the weighted-average method in its process costing system. The first processing department, the Welding De
vfiekz [6]

Answer:

Cost per equivalent unit for conversion costs for the month  = $8.262

Explanation:

The weighted average cost of valuation does not separate the opening inventory from the units newly introduced when accounting for completed units in a production period.

To determine the cost per equivalent units using Weighted Average Method, follow the steps below:

<em>Step 1: Determine the equivalent Unit</em>

Completed units = 25000+ 97000- 28000 = 94000

                                            Workings                 Equiva. Units

Completed units    94000       (94000 *100%)    =  94,000

Closing WIP            28000      (28,000 * 10%)  =     2,800

Total Equivalent units                                         96,800.00                    

<em>Step 2 : calculate total conversion cost </em>

= 51820+747970= 799,790.00

<em />

<em>Step 3 = Cost per Equivalent unit per conversion cost</em>

Cost per unit = Total conversion cost/total Equivalent units

                     = 799,790.00 / 96,800.00

                     = $8.262

Cost per equivalent unit for conversion costs for the month  = $8.262

7 0
3 years ago
Objectives are Multiple Choice the means by which a marketing goal is to be achieved, usually characterized by a specified targe
omeli [17]

Answer:

a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.

Explanation:

A business objective is defined as measurable achievements a company wants to attain within a given period of time.

It acts as a compass that shows that activities are on track to realise business goals.

The steps to get a favourable result are outlined, resources to be used are usually stated and a time frame given to get results.

Goals on the other hand are general results that a company wants to attain. Objectives are more specific.

5 0
3 years ago
Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
dangina [55]

Answer:

it would be 64,899

Explanation:

i did the test :D

7 0
3 years ago
Gavin invested $40,000 in the Jason and Kelly Partnership for ownership equity of $40,000. Prior to the investment, land was rev
stich3 [128]

Answer:

A.

Dr Land $189,000

Cr Jason, Capital $63,000

Cr Kelly, Capital $126,000

B.

Dr Cash $40,000

Cr Gavin, Capital $40,000

Explanation:

A.

Dr Land ($363,000-$174,000) $189,000

Jason, Capital (1/3×189,000) $63,000

Kelly, Capital(1/2×189,000) $126,000

B.

Dr Cash $40,000

Cr Gavin, Capital $40,000

6 0
3 years ago
Sampson Industries has an annual plant capacity of 70,000 ​units; current production is 59,000 units per year. At the current pr
Artyom0805 [142]

Answer:

Sampson Industries

1. How would accepting the special order impact Sampson​'s operating​ income?

The acceptance of the special order will decrease Sampson's operating income by $42,000.

2. Should Sampson accept the special​ order?

No.  Sampson should not accept the special order.  It does not make any contribution in reducing the fixed costs.  Instead, it decreases the net income.  Special orders should be accepted when they add to the contribution in defraying the fixed costs, even if they do not add to the net income.

Explanation:

a) Data and Calculations:

Annual plant capacity = 70,000 units

Current production = 59,000

Variable cost per unit = $26.00

Fixed cost per unit = $4.80

Normal Selling price per unit = $41

Special order = 70,000

Price of special order = $20

Incremental Analysis of Special Sales Order Decision

Total Order (7,000 units)

Revenue from special order $140,000

Less expenses associated with the order:

Less: Variable manufacturing cost 182,000

Contribution margin $(42,000)

Less: Additional fixed expenses associated with the order –

Increase (decrease) in operating income from the special order ($42,000)

8 0
3 years ago
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