The following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT <span> issuing shares of stock</span>
Minimum of 2 years word experience. :)
Answer:
80 % of materials ; 43 % of conversion costs
Explanation:
The FIFO method traces equivalent units for materials and conversion costs for the following categories :
- Opening Work in Process units
- Units started and completed
- Ending Work in Process units
So the units not completed from last months are the first to be completed during the month (hence To finish Opening Work in Process). During the year there are units started and completed (hence Units Started and Completed) and units started that never gets completed (hence Ending Work in Process units).
All these physical units need to be expressed to the percentage of work done on them - equivalent units.
The question is focusing on Number 3 - Ending Work in Process units. So 80 % of materials and 43 % of conversion costs were added during October for these units.
Answer: Varies directly with nominal Gross Domestic Product (GDP).
Explanation:
The Transactions Demand for money refers to money that is kept by individuals, companies and even the Government to be able to purchase goods and services.
It varies directly with Nominal GDP because Nominal GDP includes inflation.
If Nominal GDP were to rise for instance, it would mean that Inflation has risen as well which means that people would need more money to be able to buy the now more expensive goods and services. This is an increase in Transactions Demand for money.
The reverse holds true signifying indeed that Transactions Demand for money varies with Nominal GDP.
Answer:
1. ANSWER: 20,000
2. ANSWER: $400,000
3. ANSWER: $28.45
Explanation:
1. If the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million;and Topco, Inc. has a planned market share of 10 percent. Then, Topco have the potential to sell in this market 10% * $4 million / $20 = 20,000 units of the proposed cell phone.
2. The planned market share in dollars is 10% * $4 million = $400,000
3. If Atlantic Car Rental charges $29.95 per day to rent a mid-size automobile. Pacific Car Rental, Atlantic's main competitor, just reduced prices on all its car rentals. In response, Atlantic reduced its prices by 5 percent.
Now Atlantic's new cost of rental for mid-size cars is: 95% of $29.95 = $28.45
