All categories

3 years ago

An important feature of a job order cost system is that each job:_______.

Business

1 answer:

sammy [17]3 years ago

6 0

Answer:

Explanation:

it has it's own distinguishing characteristics ....Form used to record the cost chargeable to a specific job and to determine the total and unit cost of the completed job

You might be interested in

Marginal revenue can become negative for A. both competitive and monopoly firms. B. monopoly firms but not for competitive firms

Lena [83]

Answer:

B. monopoly firms but not for competitive firms.

Explanation:

Marginal revenue can become negative for monopoly firms but not for competitive firms.

A monopolist’s marginal revenue is always less than or equal to the price of the good.

Marginal revenue is the amount of revenue the firm receives for each additional unit of output. It is the difference between total revenue – price times quantity – at the new level of output and total revenue at the previous output (one unit less).

Since the monopolist’s marginal cost curve lies below its demand curve. When a monopoly increases amount sold, it has two effects on total revenue:

– the output effect: More output is sold, so Q is higher.

– the price effect: To sell more, the price must decrease, so P is lower.

For a competitive firm there is no price effect. The competitive firm can sell all it wants at the given price.

So the marginal revenue on a monopolist's additional unit sold is lower than the price, because it gets less revenue for selling additional units.

Marginal revenue can become negative – that is, the total revenue decreases from one output level to the next.

5 0

3 years ago

The learning curve is:_______

never [62]

Answer:

Option C, Shows the decrease in unit cost as more of the same product is produced over time, is the right answer.

Explanation:

Option C is the correct answer because the learning curve shows the relationship between the cost of the production and output over the time period. Moreover, this curve shows the cost savings when more output is produced over time. The same can be seen in option C that the cost decreases when output rises which means there is a cost-saving.

5 0

3 years ago

Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. The total value of yo

diamong [38]

Answer:

hope this helps

Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. You are in the process of buying 1,000 shares of Alpha Corp at $10 a share and adding it to your portfolio. Alpha has an expected return of 21.5% and a beta of 1.70. The total value of your current portfolio is $90,000. What will the expected return and beta on the portfolio be after the purchase of the Alpha stock? Do not round your intermediate calculations.

Old portfolio return

11.0%

Old portfolio beta

1.20

New stock return

21.5%

New stock beta

1.70

% of portfolio in new stock = $ in New / ($ in old + $ in new) = $10,000/$100,000=

10%

New expected portfolio return = rp = 0.1 × 21.5% + 0.9 × 11% =

12.05%

New expected portfolio beta = bp = 0.1 × 1.70 + 0.9 × 1.20 =

1.25

Explanation:

7 0

2 years ago

The largest source of federal revenue are ____ taxes.

Nikitich [7]

Answer:

D. Personal Income

The sources of Federal Revenue are listen below:

3 0

3 years ago

Read 2 more answers

Presented below is the trial balance of Bramble Corporation at December 31, 2020.

8_murik_8 [283]

Answer:

Bramble Corporation

Assets:

Current Assets:

Cash $ 201,440

Debt Investments (trading)

(at cost, $145,000) 155,150

Accounts Receivable 437,150

Allowance for

Doubtful Accounts 27,150 410,000

Inventory 601,440

Total current assets $1,368,030

Long-term assets:

Debt Investments (long-term) 303,440

Equity Investments (long-term) 281.440

Land 262,150

Buildings 1,044,440

Accumulated Depreciation 152,000 892,440

Equipment 602,150

Accumulated Depreciation 60,000 542,150

Franchises 160,000

Patents 195,000

Total long-term assets $2,636,620

Total assets $4,004,650

Liabilities + Equity:

Current Liabilities:

Notes Payable (short-term) 92,150

Accounts Payable 457,150

Dividends Payable 140,440

Accrued Liabilities 98,150

Total current liabilities $787,890

Notes Payable (long-term) 904,440

Bonds Payable 1,004,440

Total long-term liabilities $1,908,880

Total liabilities $2,696,770

Common Stock ($5 par) 1,002,150

Treasury Stock 193,150

Net Stock outstanding 809,000

Retained Earnings, December 31 414,440

Paid-in Capital in Excess of Par 84,440

Total equity $1,307,880

Total liabilities + equity $4,004,650

Explanation:

a) Data and Calculations:

Debit Credit

Cash $ 201,440

Debt Investments (trading)

(at cost, $145,000) 155,150

Accounts Receivable 437,150

Inventory 601,440

Sales $ 8,102,150

Cost of Goods Sold 4,800,000

Allowance for Doubtful Accounts 27,150

Debt Investments (long-term) 303,440

Equity Investments (long-term) 281.440

Notes Payable (short-term) 92,150

Accounts Payable 457,150

Dividends Payable 140,440

Accrued Liabilities 98,150

Notes Payable (long-term) 904,440

Bonds Payable 1,004,440

Common Stock ($5 par) 1,002,150

Treasury Stock 193,150

Retained Earnings 82,440

Paid-in Capital in Excess of Par 84,440

Investment Revenue 67,180

Land 262,150

Buildings 1,044,440

Accumulated Depreciation-Buildings 152,000

Equipment 602,150

Accumulated Depreciation Equipment 60,000

Franchises 160,000

Patents 195,000

Selling Expenses 2,002,150

Administrative Expenses 904,180

Interest Expense 215,180

Gain 84,180

Totals $12,358,460 $12,358,460

b) Income Statement for the year ended December 31, 2020:

Sales $ 8,102,150

Cost of Goods Sold 4,800,000

Gross profit $3,302,150

Investment Revenue 67,180

Gain 84,180

Total Income before expenses $3,453,510

Selling Expenses 2,002,150

Administrative Expenses 904,180

Interest Expense 215,180

Total Expenses (3,121,510)

Net Income $332,000

Retained Earnings 82,440

Retained Earnings, December 31 $414,440

7 0

3 years ago