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2 years ago

Cost of goods sold for a merchandising company, direct materials and commissions are all examples of

1 answer:

8 0

For a merchandising company, the cost of goods sold, direct materials, and commissions are <u>variable costs</u>.

<h3>What is a variable cost?</h3>

A variable cost is the cost element that remains constant per unit while the total changes. Other examples of variable costs include direct labor, variable selling and administrative expenses, including commissions and shipping costs.

Thus, for a merchandising company, the cost of goods sold, direct materials, and commissions are all examples of <u>variable costs</u>.

Learn more about variable costs here: brainly.com/question/5965421

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Evan and Sia Steele are wealthy entrepreneurs who are very interested in helping children who have been abused. What philosophy

mamaluj [8]

Answer:

Philanthropy

Explanation:

Philanthropy is when a person or a group of people take it as their own responsibility to advance welfare of others particularly by giving money them as a generous donation in order to eliminate social problem. The purpose of philanthropy is to contribute to improvement in the welfare of humankind through the prevention of and provision of solution to social problems.

Philanthropy and charity overlap but they are different. The aim of charity is to eradicate the suffering caused by social problems, while philanthropy aims to eradicate the social problems that is causing the suffering. For instance, it is charity when food is offered to a person who is being affected by a famine. The food will only provide short term solution as they will again suffer from hunger later in the future. However, philanthropy is when people are trained on how to grow food as this will eradicate the social problem which is the source of hunger.

Therefore, rendering assistance by Evan and Sia Steele to children who have been abused is a philanthropic gesture.

4 0

3 years ago

"Profit-sharing plans provide a more direct incentive in small firms than in large firms. are practically impossible to use succ

dusya [7]

Answer:

Provides a more direct incentive in small firms than in large firms.

Explanation:

Profit sharing plan can be defined as a contribution plan in which the management of a company shares part of its profit with the employees. This could motivate and inspire the employees to work efficiently towards the growth of the organisation.

Profit sharing plan gives the employees a sense of ownership, this would inspire them to work harder to ensure the success of the organisation.

7 0

3 years ago

Read 2 more answers

Jason has many roles in life. He is an engineering student in college, he's the oldest son in his family, and he earns extra mon

aleksandrvk [35]

Answer:

Explanation:

Being an editor for a local newspaper counts as an economic sense because that is the only part that takes part as a job and helps the economy.

4 0

3 years ago

Lawrence Reed in his article "The Role of Incentive" states that the best way to curb pollution and misuse of resources is to?

katovenus [111]

Answer:

Like the title of the article states, all economy relayed choices are the results of an incentive or disincentive a potential polluter faces. He gave the example of the Lake Erie, stating that is highly reasonable (although highly unethical) it is polluted, as it is financially efficient to simply dump garbage in the lake, rather than invest in a recycling or waste management system. He also added, that since the lake is a public good, no one will look at the pollution as a serious concern, since it isn't owned by anybody.

All of this implies that a structured, incentive system has to be created in order to curb pollution.

7 0

3 years ago

Rexford Corporation produces three products, with costs and selling prices as follows: Product A Product B Product C Machine hou

Alex787 [66]

Answer:

$9,400

Explanation:

For computing the maximum contribution margin we need to do following calculations

Contribution Margin

Product A = ($12 ÷3) = 4

Product B = ($5 ÷ 1) = 5

Product C = ($9 ÷ 2) = 4.50

So, the ranking order would be product B > product C > product A

Now

Total machine hours available = 2,100 hours

And,

Time for making 500 units of B

= 500 × 1

= 500 hours

For making 500 units of C, the time taken is

= 500 × 2

= 1000 hours

So the remaining hours left is

= 2,100 hours - 1,000 hours - 500 hours

= 600 hours

So, for A the manufactured is

= 600 ÷ 3

= 200

And, finally the Maximum contribution margin is

= (200 × $12) + (500 × 5) + (500 × 9)

= $2,400 + $2,500 + $4,500

= $9,400

7 0

3 years ago