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navik [9.2K]
3 years ago
11

Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent y

ear. Department 1's contribution to overhead as a percent of sales is:
Dept. Sales Cost of Goods Sold Direct Expenses Indirect Expenses
1 $ 1,170,000 $ 717,000 $ 160,500 $ 97,000
2 570,000 167,000 57,000 117,000
3 870,000 317,000 167,000 37,000
a. 56.7%
b. 25.0%
c. 34.7%
d. 34.0%
e. 61.6%
Business
1 answer:
gulaghasi [49]3 years ago
3 0

Answer:

hi

Explanation:

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1. Assume a friend of a friend wants to borrow a moderate amount of money from you. List the information you would want to know
jeyben [28]
You would want to know the borrowers background history. U would also want to know if he can repay you. Ask your friend if his friend has borrowed money from him and been able to repay him. Hope this helps
6 0
3 years ago
Off-balance-sheet activities consist of issuing financial instruments such as various types of guarantees and engaging in deriva
kramer

Answer:

True

Explanation:

Off balance sheet items are transactions that generate fees for the business (such as guarantees), and to hedge against future loss (such as futures investments).

Meaning assets and liabilities that are deferred or contingent to business success.

4 0
3 years ago
Airlines can price discriminate by determining people's _______ to pay for luggage accommodations. Some customers will check a b
mr Goodwill [35]

Answer:

Willingness to pay

Revenue

Two

Elastic

Inelastic

Explanation:

Price discrimination is when a producer or a seller charges different prices for the same product usually in different markets.

In price discrimination, a seller attempts to remove or reduce consumer surplus by charging the consumer at his willingness to pay. For price discrimination to be effective, a seller must be able to estimate the willingness to pay of consumers.

Price discrimination is successful when a seller earns higher profits when she discriminates compared to when she didn't price discriminate.

Price discrimination exists in the airline industry. One of the ways price discrimination exists in the airline industry is through charging to check bags. Customers ( people who board airplanes) are distributed into two groups- those who won't pay to check bags and those who would pay to check bags.

It is assumed that those who would pay to check their bags have a price inelastic demand because they are indifferent to paying an extra amount for their luggage.

Inelastic demand is defined as when a small change in price has no effect on quantity demanded.

While it is assumed that those who won't pay to check their bags have an elastic demand because they are unwilling to pay extra to check their luggages.

Elastic demand is when a change in price has effect on quantity demanded.

5 0
3 years ago
If the population growth rate is 2​ percent, real GDP per person will double in 7 years if real GDP grows by​ ______ percent per
Valentin [98]

Answer:

With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.

Explanation:

It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%

6 0
3 years ago
In a survey of a group of people, it was found that 60 0f them have
GalinKa [24]

Answer:

i) 15  ii) 177

Explanation:

Number of people with business = 60

Number of people with farming = 125

Number of people with government jobs = 45

Number of people with business only = 27

Number of people with government jobs only = 15

10 have business and government  job only, 5 have government job and farming only.

i) Let x represent the number of people with all three jobs. Hence:

Number of people with government jobs = number of people with all three jobs + number of people with government and farming job + number of people with government and business + number of people with government job only

45 = x + 10 + 5 + 15

45 = x + 30

x = 15

15 people have all three profession.

ii)

Number of people with business jobs = number of people with all three jobs + number of people with business and farming job + number of people with government and business + number of people with business job only

60 = 15 + number of people with business and farming job + 10 + 27

number of people with business and farming job = 60 - 52 = 8

Number of people with farming jobs = number of people with all three jobs + number of people with business and farming job + number of people with government and farming + number of people with farming job only

125 = 15 + 8 + 5 + number of people with farming job only

number of people with farming job only = 125 - 28 = 97

Number of people surveyed = number of people with all three jobs + number of people with business and farming job + number of people with government and farming + number of people with farming job only +  number of people with government and business + number of people with business job only + number of people with government job only

Number of people surveyed = 15 + 8 + 5 + 97 + 10 + 27 + 15

Number of people surveyed = 177

3 0
3 years ago
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