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3 years ago

Which one of the following is a primary market transaction?

Business

1 answer:

Lorico [155]3 years ago

5 0

<h2>Correct answer: A dealer buying newly-issued shares of stock from a corporation.</h2>

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The labor force is smaller than the total population because the labor force does not include:

Soloha48 [4]

The very young and old

3 0

3 years ago

In 2017, Scranton, Inc. sold 2,000 carpets for $50 each. The carpets carry a two-year warranty for repairs. Scranton estimates t

vodomira [7]

Answer:

$3,000

Explanation:

Inventory Sold 2,000*$50=$100,000

Warranty Expense $100,000*3%=$3,000

Therefore $3,000 would be reported in warranty liability account.

When any claim for warranty is reported,the liability will be set off by debiting it and corresponding effect to inventory or stores will be taken.

8 0

4 years ago

Chrzan, Inc., manufactures and sells two products: Product E0 and Product N0. Data concerning the expected production of each pr

Molodets [167]

Answer:

Order size= $57.61 per machine hour

Explanation:

Giving the following information:

Order size:

Estimated total overhead= $581,866

Estimated total machine hours= 10,100

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order size= 581,866 / 10,100

Order size= $57.61 per machine hour

8 0

3 years ago

erry, a partner in the JSK partnership, begins the year on January 1, 2011 with a capital balance of $20,000. The JSK partnershi

Ludmilka [50]

Answer:

Check the explanation

Explanation:

The amount of interest<u><em> (Which is calculated as a fraction or percentage of a loan (or savings) balance that is being paid to the borrower on a periodic basis for the privilege of making use of their money. The sum is typically quoted as an annual rate, but the interest can be calculated for some periods that are longer or shorter than one year.)</em></u> that will be attributed to Jerry for the year 2011 which is supposed to point toward his profit distribution for the year can be seen I the attached image below.

3 0

3 years ago

Widgeon Co. manufactures three products: Bales, Tales, and Wales. The selling prices are $55, $78, and $32, respectively. The va

klemol [59]

Answer:

Contribution = $35 X 2,00 = $7,000

But it has no warrant of demand therefore this additional contribution can only be realized on sale of 2,00 units.

Explanation:

Provided

Products Bales Tales Wales

Selling Price $55 $78 $32

Less: Variable Cost $20 $50 $15

Contribution per unit = $35 $28 $17

Hours per unit required 5 7 1

Contribution per hour $35/5 $28/7 $17/1

$7 $4 $17

Second highest contribution margin per hour is of Bales, first is of Wales. We need to produce and sale the product with second highest margin per hour that is Bales, but since the first 1,000 units were used to produce goods with highest contribution margin per unit, and provided here is no warrant of its demand, it shall not be produced any further.

Now Wales shall be produced as it has highest contribution margin per hour.

Units produced within 1,000 hours of Wales = 1,000/1 hours = 1,000 units.

Contribution = 1,000 units of Wales X $17 = $17,000.

But it is asked - maximum additional contribution margin that can be realized by utilizing the remaining 1,000 hours on the product with the second highest contribution margin per hour is of Bales in that case

No of units = 1,000/5 = 2,00 units

Contribution = $35 X 2,00 = $7,000

But it has no warrant of demand therefore this additional contribution can only be realized on sale of 2,00 units.

3 0

3 years ago