Answer: See explanation
Explanation:
The question is:
1. What is the service department charge rate for Graphics Production?
a.$10.00
b.$2.00
c.$0.50
d.$6.66
The service department charge for Graphics Production will be calculated by dividing the cost of graphic production by the total number of copies that are made. This will be:
= $200000/(20000 + 30000 + 50000)
= $200,000 / 100,000
= $2 per copy
2. How much service department cost will be allocated to the Micro Division?
a.$200,000
b.$145,000
c.$345,000
d.$60,000
The service department cost that is allocated to the Micro Division will be calculated as:
= [20000 x ($200000/100000)] + [700 x ($500000/2000)] + [130 x ($400000/400)]
= (20000 × 2) + (700 × 250) + (130 × 1000)
= $40000 + $175000 + $130000
= $345000
Answer:
See below
Explanation:
1. Returns on assets
= Annual net income ÷ Average total assets
Average total assets = beginning asset + ending assets ÷ 2
= ($80 million + $88 million) ÷ 2
= $84 miiliom
Return on assets = $13.4 million ÷ $84 million
Return on assets = $159.52
2. Profit margin
= Net income ÷ Net sales
= $13.4 million ÷ $114 million
= 11.75%
3. Assets turnover ratio
= Net sales ÷ Average total assets.
Recall Average total assets = $84 million
Average turnover ratio
= $114 million ÷ $84 million
= 1.36 times
An Artificial Monopoly is a very huge firm wherein the production efficiency has no advantage over smaller firms but thrives all competitors out of business, remaining the sole producer of the industry.
Answer:
An extractive economy
Explanation:
An Extractive economy can be defined as a resource based economy that is based on mining or producing raw materials to be used in foreign industries. This natural resources can be exported for sale in other foreign countries which help to boost economy, growth and development.
