Answer:
Effect on income= $12,750 increase
Explanation:
Giving the following information:
Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3.20 per unit. Production costs for these units are $3.80 per unit, which includes $2.35 variable cost and $1.45 fixed cost.
<u>Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:</u>
Effect on income= 15,000*(3.2 - 2.35)= $12,750 increase
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Given:
<span>Jordon and Heidi share income equally.
</span><span>partnership net income is $40,000
</span><span>Jordon made withdrawals of $14,000
</span><span>Heidi made withdrawals of $15,000
</span><span>beginning of the year, the capital account balances were: jordon, $40,000; heidi, $58,000
Jordon Heidi
Beginning Balance 40,000 58,000
Add: Net Income 50:50 20,000 20,000
less: Withdrawals <u> (14,000) (15,000)</u>
Ending Balance 46,000 63,000
</span><span> Jordon's capital account balance at the end of the year is $46,000.00
</span>
Profit and loss is distributed equally between the partners. However, if the problem does not state how the profit or losses will be distributed, it will be distributed according to the proportion of their capital balances.
Answer: Government Officials
Explanation: In a command economy, no individuals, business owners & tribal leaders, but the government decides the goods & services for production to be helpful for the country's economy. The government & its officials take a call on -
i. what goods to be produced,
ii. In how much quantity those goods should be produced
iii. at what amount, it will reach the consumers
All productions are controlled & planned by the government, hence it is also called as planned economy.