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2 years ago

Question 1 Describe the role of supply, demand, and competition in a free-enterprise system.

Business

1 answer:

kvv77 [185]2 years ago

8 0

Answer:

Competition is a driving force of free enterprise, resulting in greater efficiency and lower prices for the consumer. Countries embracing free market principles benefit from a higher standard of living.

Explanation:

:-)

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Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing faci

grandymaker [24]

Answer:

Sole Purpose Shoe Company

The reason for Sarah to want to use standard costs to compare with her actual costs is:

A) Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.

Explanation:

Standard costs provide a control technique for evaluating the Sole Purpose Shoe Company's performance at three levels: a standard performance level, a measure of actual performance, and a measure of the difference (variance) between standard and actual costs. Sarah will use the variance resulting from the comparison of standard costs with actual costs to measure the non-financial performance of the entity.

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3 years ago

Convincing colleagues and friends to donate at or near the maximum amount of $2,700 to an individual candidate and then deliveri

adoni [48]

Delivering all the check all together is a classic example of Bundling. It is a marketing strategy that joins products or services together in order to sell them as a single combined unit this allows the convenient purchase of several products and/or services from one company. The services and products are practically related, but they can also be of dissimilar products which appeal to one group of customers.

4 0

3 years ago

Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the incep

Paul [167]

Answer:

Total Costs Transferred Out 906422.4

Difference may be due to rounding .

Explanation:

Samantha's Office Supplies

Equivalent units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Completed and

transferred out 162,000 (100% ) (100% ) 162,000 162,000

WIP,

Normal Spoilage 6,480 (100% ) (100% ) 6,480 6,480

Ending inventory 30,000 (100% ) (25% ) 30,000, 7,500

Accounted For 198,480 198,480 175,980

Costs: Total Direct materials Conversion costs

WIP, beginning

inventory: 388,000 $ 300,000 88,000

Costs Added 639618 419,832 219,786

Total Costs

To Account for 1027618 719,832 307786

Divided By

Equivalent Units 198,480 175,980

Equivalent Unit Costs 5.38 3.63 1.75

Assignment of Costs 

Transferred out ( 5.38* 162,000)= 871560

Normal Spoilage (5.38* 6480)= 34862.4

Total Costs Transferred Out 906422.4

Difference may be due to rounding .

5 0

2 years ago

It costs Bonita Industries $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A f

Serga [27]

Answer:

There will be an increase of $6,200 , If the special order is accepted

Explanation:

For computing the net income effect first we have to find out the net income per scale which is a difference between offer purchase price and variable cost per unit

In mathematically,

Net income = Offer purchase price - variable cost per unit

where,

Offer purchase price is $35

And, the variable cost is $12 per unit plus it incur special shipping charges which is also a part of the variable cost.

So, total variable cost = variable cost per unit + Special shipping charges per scale

= $12 + $1

= $13

So, Net income is

= $15 - $13

= $2 per unit

Now for producing the 3100 scales, the net income should be multiply with the production unit

= Net income × Production unit

= 3,100 × 2

= $6,200

Fixed cost is fixed whether the production level changes or not. Thus, it is not be considered.

Hence, there will be an increase of $6,200 , If the special order is accepted

6 0

3 years ago

A classmate excitedly tells you of what he believes to be a good deal. He goes on and on about signing up for a free 30-day tria

Nikitich [7]

Answer:

reciprocity principle

Explanation:

A reciprocity principle is a form of socio-psychological principle in which individuals generally tend to pay back in good, and in any form of capacity for whatever favor they receive.

Hence, in this case, the music company is hoping the the "reciprocity principle" will work on consumers that subscribe to free music as they might wish to give back to the company based on consumers feeling indebted to them for all the free music that was streamed

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2 years ago