Answer:
Charlie's Wood Works
a. The percentage of Janitorial costs that should be allocated to the Assembly Department is:
= 58%
The percentage of Security costs that should be allocated to the Cutting Department is:
= 70%
Explanation:
a) Data and Calculations:
Departments Cutting Assembly Total
Square feet 33,600 46,400 80,000
Percentage based on
square feet 42% 58% 100%
Assets $140,000 $60,000 $200,000
Percentage based on
assets 70% 30% 100%
Bases for the allocation of service departments costs:
Janitorial department = Square feet
Security department = asset value
Answer:
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Consumption spending includes spending by households on goods and services. Consumption spending includes :
spending on durables - e.g. buying a laptop
spending on nondurables - e.g. buying clothes, food
spending on services - e.g. payment of hospital bill
the purchase of a textbook by a student is an example of consumption spending on durable goods
Investment - It includes purchases of goods and services made by businesses in the production of goods and services
Government spending - It includes government consumption expenditure and gross investment. The purchase of a new limousine for the president is an example of consumption expenditure
Net export = export - import
the purchase of hotdog constitutes consumption of non durable goods and this would increase US GDP by $25
Answer:
Number of each dress that can be sold.
Explanation:
Here, selling price and profit margin of both products, mini dress and ensemble are given. At the outset, it may seem that mini- dress is a profitable venture than ensemble as it is sold a higher price and profit margin. However, suppose 100 units of mini dress could be sold earning a profit of $14,405 (335×100×0.43).
If 200 units of ensemble could be sold, it would earn the seller a profit of $20,520 (285×200×0.36).
So in order to make a decision, the seller should estimate the number of each of the product to be sold such that profit earned from each product is equal.
A reasonable wattage capacity for a power supply to be
used with a system that contains a dvd drive, three hard drives, and a high-end
video card is 700 watts.
Wattage capacity
is according to the components present in the system. The wattage capacity for
a power supply is determined by adding up all the wattages and then add 30%.
Answer:
The correct answer is letter "A": Mary Beth grows cotton. She finds that she can always sell her entire crop at the market price. However, if she asks a price that is even slightly higher she cannot sell any of her cotton.
Explanation:
Perfect Competition is a market where competition is at the highest degree possible. Perfect competitive markets have the following characteristics:
- <em>All companies sell the same goods or services. </em>
- <em>All companies are price takers. </em>
- <em>All firms have relatively small market shares. </em>
- <em>Buyers have full product and price information. </em>
- <em>The industry is characterized by low or no barriers to entry and exit of the industry.</em>
<em />
Thus, <em>in Mary Beth's case, she cannot ask for a different price than the one of the market because in a perfectly competitive market it is controlled by supply and demand. Companies cannot set the price.</em>
