Answer:
Here's an example
I sell bead bracelets for $5.00. The chord I use to make them is $2.50 for 5 feet. Each bracelet needs 1/4 of a foot of chord. That is $0.13 worth of chord per bracelet. The beads I use are 30 beads for $1.00. I use 5 beads in each bracelet. That is $0.17 worth of beads per bracelet. The total price of the materials per bracelet is 30 cents. Let's say It takes me 10 minutes to make a single bracelet. If I sell the bracelet at 30 cents, I would no have made a profit and would instead lose 10 minutes of my time. If I sell it for anything less, I would be losing money and time. If I want to make a profit, I need to add the money I want to make plus the cost of resources. Therefore, if I want to make a profit of $4.70, I must sell the bracelets for $5.00.
Answer:
The correct answer is (a)- asset.
Explanation:
An asset is a resource with value that someone owns with the intention of generating a future benefit (whether economic or not). In accounting, it represents all the assets and rights of a company, acquired in the past and with which they hope to obtain future benefits.
They have in common that they are the result of past events and are capable of generating economic returns in the future. All assets have the potential to bring money to the business, whether through use, sale, or exchange. Examples of assets are a premises, a van, a patent, a computer, raw materials, financial investments or collection rights.
Given with $475 as the previous cost of the do-it-yourself bedroom makeover, $602 as the cost when she redoes her daughter's room, and $86 as the standard deviation. The percent of bedroom makeovers cost less than Tanya spent, that is rounded to two decimal places is 93.06%.
Answer:
Total job Costs added to Work In Process in October=$ 21, 700
Explanation:
Jaycee Corporation
Direct Materials requisitioned $3,200
Direct labor $4,700
Over head = 150% 0f $ 4700= $ 7050
Total Costs Added During September = $ 3,200+ $ 4,700+ $ 7050= $ 14950
Costs Added During October
Direct Materials $3,700
Direct labor $7,200
Overhead = 150 % 0f $ 7,200 = $ 10,800
Total job Costs added to Work In Process in October= $ 3,700+ $ 7,200 + $10,800= $ 21, 700
