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2 years ago

5

The rationing function of prices refers to the ability of the competitive forces of supply and demand to establish a price at wh

ich ______.

1 answer:

monitta2 years ago

4 0

Answer:buying and selling decisions are consistent

Explanation:

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Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of materi

Anastasy [175]

Answer:

A. $1,020 unfavorable.

3 0

2 years ago

Read 2 more answers

Required information Use the following information for the Exercises below. Skip to question [The following information applies

Lyrx [107]

Answer:

Follows are the solution to this question:

Explanation:

In point A:

The estimated amount of uncollectible allowance = $\$ \ 635,000 \times 4 \% = \$ \ 2,540,000$

In point B Journal

Titles and descriptions of accounts Debit Credit Calculation

Expenditure on bad debts $\$ \ 2,526,700$

Doubted debt allowance $\$ \ 2,526,700 \ \ (\$ \ 2,540,000 - \$ \ 13,300)$

(Bad Debts Expense recorded)

In point C Journal

Titles and descriptions of accounts Debit Credit Calculation

Expenditure on bad debts $\$ \ 2,553, 300$

Doubted debt allowance $\$ \ 2,553, 300 \ \ \ \ (\$ \ 2,540,000 + \$ \ 13,300)$

(Bad Debts Expense recorded)

5 0

3 years ago

The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upc

Levart [38]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

1st Quarter - 2nd Quarter - 3rd Quarter - 4th Quarter

Units to be produced: 6,000 - 7,000 - 8,000 - 5,000

the beginning raw materials inventory= 3,600

Each unit requires three pounds of raw material that costs $2.50 per pound. Management desires to end each quarter with a raw materials inventory equal to 20% of the following quarter

I will assume that the requirements are the cost of direct material for each quarter.

<u />

<u>The direct material budget is calculated by the following formula:</u>

Direct material budget= direct material for production + ending inventory - beginning inventory

Q1:

Production= (6,000*3)*$2.5= $45,000

Ending inventory= [(7,000*3)*$2.5]*0.20= $10,500

Beginning inventory= (3,600*2.5)= (9,000)

Total= $46,500

Q2:

Production= (7,000*3)*$2.5= $52,500

Ending inventory= [(8,000*3)*$2.5]*0.20= $12,000

Beginning inventory= (10,500)

Total= $54,000

Q3:

Production= (8,000*3)*$2.5= $60,000

Ending inventory= [(5,000*3)*$2.5]*0.20= $7,500

Beginning inventory= (12,000)

Total= $55,500

8 0

3 years ago

The Venoid Corporation has an annual cash inflow from operations from its investment in a capital asset of $23,000 (excluding

statuscvo [17]

Answer:

$80,500

Explanation:

Data provided as per the question

Capital asset = $23,000

Number of year = 5

Income tax rate = 30%

The computation of cash inflow from operations is as shown below:-

Before tax = capital asset × number of year

= $23,000 × 5

= $115,000

Cash inflow from operations = Before tax × (1 - Income tax rate)

= $115,000 × (1 - 0.3)

= $115,000 × 0.7

= $80,500

3 0

3 years ago

Vision Co. manufactures and sells tea, coffee, desserts, shoes, and sporting goods. All of these products are its

Anuta_ua [19.1K]

Answer:

All of these products are its sold under his family brand

Explanation:

In the given question, the Vision co. deals in a variety of products which include tea, coffee, desserts, shoes, and sporting goods.

By sells his company brands, he captures the market area and has created a market position.

And, he promotes his family brand together.

Here, brand means to promote the company goods having a trademark so that the customers attract towards company goods and services by giving them great deals. It is an advertising strategy through which the company can capture its maximum market share.

Hence, All of these products are its sold under his family brand

6 0

2 years ago