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3 years ago

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suppose a medical study reveals new benefits to consuming beef and at the same time a bumper corn crop reduces the cost of feedi

ng steers. the equilibrium price of beef will

1 answer:

gayaneshka [121]3 years ago

5 0

Answer:

nn

Explanation:

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It is enough to describe the proposed business as a sole proprietorship in the business description

Fudgin [204]

Definitely its True for this

7 0

3 years ago

Read 2 more answers

g Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2020, in the Packaging Depa

wel

Answer:

Explanation:

Given that :

Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.

Fixed Overhead Costs Variable Overhead Costs

Supervision $94,440 Indirect labor $174,570

Depreciation 73,320 Indirect materials 75,900

Insurance 25,560 Repairs 53,130

Rent 21,120 Utilities 94,875

Property taxes 20,880 Lubricants 37,950

$235,320 $436,425

It is estimated that direct labor hours worked each month will range from 24,900 to 36,900 hours.

During October, 24,900 direct labor hours were worked and the following overhead costs were incurred.

Fixed overhead costs: Supervision $7,870, Depreciation $6,110, Insurance $2,095, Rent $1,760, and Property taxes $1,740.

Variable overhead costs: Indirect labor $12,544, Indirect materials, $4,500, Repairs $3,406, Utilities $6,545, and Lubricants $2,740.

The objective is to prepare a monthly manufacturing overhead flexible budget for each increment of 4,000 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.)

The monthly manufacturing overhead flexible budget can be computed as

follows:

Bumblebee Company

Packaging Department

Monthly manufacturing overhead Flexible

Budget For the year ended December 31,2017

Particulars Operating Capacity(Direct Labor Hours)

24900 28900 32900 36900

Variable Factory -

Overhead Costs :

Indirect labor 11454 13294 15134 16974

Indirect materials 4980 5780 6580 7380

Repairs 3486 4046 4606 5166

Utilities 6225 7225 8225 9225

Lubricants 2490 2890 3290 3690

<u>Total Variable Factory- </u>

<u>Overhead Cost 28635 33235 37835 42435 </u>

Fixed Factory -

Overhead Cost :

Supervision 7870 7870 7870 7870

Depreciation 6110 6110 6110 6110

Insurance 2130 2130 2130 2130

Rent 1760 1760 1760 1760

Property Taxes 1740 1740 1740 1740

<u>Total Fixed Factory - </u>

<u>Overhead Cost: 19610 19610 19610 19610 </u>

<u>Total Factory - </u>

<u>Overhead Cost (A+B) 48245 52845 57445 62045 </u>

8 0

3 years ago

Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2020, for $50,000. The bonds pay interest se

Murljashka [212]

Answer: Check attachment

Explanation:

The journal entries to record the transactions described above has been attached.

On 1st, January 2020, debt investment was debited by $50000 and cash was credited by $50000.

On 31st December 2020, interest receivable was debited by $6000 and interest received was credited by $6000.

On 1st January, 2021, Cash was debited by 6000 and interest received was credited by 6000.

Check attachment for further details.

4 0

3 years ago

The organization of the federal reserve- the institution that controls our money supply - can be described in terms of a pyramid

Alexxandr [17]

Answer:

The organization of the Federal Reserve- the institution that controls our <u>money supply </u> - can be described in terms of a pyramid. At the top of the pyramid is the <u>Board of Governors</u> . It is composed of seven members who are appointed by the<u> President </u> to serve 14-year terms of office. From those seven, the the head of the Federal Reserve System.

One step down in power is the <u>Federal Open Market Committee</u> . Their job is to set <u>monetary policy</u> in the United States, which means they influence the availability of money in the U.S. This portion of the hierarchy is made up of the <u>12 district banks</u> in the United States. These are found all across the country in major cities.

There are also <u>“member banks”</u> , which make up less than 40% in the U.S. And the last part of the Fed’s organization can be categorized as <u>“Other Depository Institutions.”</u> , which include savings banks, savings and loans banks, credit unions. Of course, at the base of it all, is the <u>American people</u> , who are all impacted by decisions of the Federal Reserve System.

7 0

3 years ago

At December 31, the records of Nortech Corporation provided the following selected and incomplete data:Common stock (par $1; no

solmaris [256]

Answer:

The following balances have been worked out from the information given in question;

Explanation:

No. of Common stocks issued $200,000/22 9,091

Paid in capital-Common Stocks 9,091*(22-1) $90,909

No. of Treasury Stock 3,000

Treasury stock 3,000*20 $60,000

EPS =$147,750/(9,091 -3,000) $24

Retained Earnings ($155,000+$147,750-$49,250) $253,500

4 0

3 years ago