The company has purchased land, building and equipment for the one price and that price will be recorded in the company's record.
What is the historical cost concept?An Historical cost is a degree of cost utilized in accounting wherein the cost of an asset on the stability sheet is recorded at its unique fee whilst received via the employer.
The Historical cost technique is used for constant property within the United States under normally regularly occurring accounting principles. The ancient fee precept is a simple accounting precept beneath U.S. GAAP.
Under the Historical cost precept, maximum properties are to be recorded on the stability sheet at their historical fee, even though they have drastically expanded in cost over time.
Not all property is held at an ancient fee. For example, marketable securities are recorded at their honest marketplace cost on the stability sheet, and impaired intangible property is written down from the ancient fee to their honest marketplace cost.
Valuing property at an ancient fee prevents overstating an asset's cost, whilst asset appreciation can be the end result of unstable marketplace conditions.
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how does the Competition Commission regulate competition in South Africa
Answer:
The commission can negotiate agreements with any regulatory authority to coordinate and harmonies the exercise of jurisdiction over competition matters within the relevant industry or sector, and ensure the consistent application of the principles of the act also, The Competition Commission (the Commission) is committed to promoting a competitive environment that is conducive to free flow of trade, efficiency and innovation that brings more choices and better quality and prices of goods and services to consumers.
Explanation:
A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
When the supermarket in the passage sells vegetables to restaurants, it takes
on which role in the circular flow of goods?
O A. Business market
O B. Resource market
O c. Product market
O D. Household market
Answer: IT B B
Explanation:
Trust the process
When the supermarket in the passage sells vegetables to restaurants, it takes a resource market role in the circular flow of goods. The correct option is b.
What is a resource market?Resource market definition formally refers to a market that furnishes companies, firms, and organizations with the factors of production in exchange for monetary benefits. Resource markets are those which provide businesses with the resources they need to provide the goods or services they offer. In this sense, these markets are more business-to-business than business-to-consumer.
A resource market may also be referred to as a factor market, which economists use to separately refer to all the resources that businesses employ to legally acquire what they need to undertake in the production of goods and services. It can also be termed the input market. Factors of production acquired in the concept or resource/factor markets include labor, capital, and land.
A simplistic definition is that a resource market is a market that provides businesses with the resources they need to produce goods and services.
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Annual production and sales level of Product A1 is 9,080 units, and the annual production and sales level of Product B2 is 22,910 units. What is the approximate overhead cost per unit of Product A1 under activity-based costing
The approximate overhead cost per unit of Product A1 under activity-based costing is $4.46
How to explain the cost?Allocation overhead to product line under A B C costing = Total overhead cost of specific product line/total number of products sold.
Activity 1 allocated to Product: $56,000 × 5,600/7,600 = $41,263
Activity 2 allocated to Product: $71,000 × 5,560/8,600 = $45,902
Activity 3 allocated to Product: $96,000 × 1,600/9,600 = $16,000
Total overhead allocated to Product = $103,165
Overhead per unit of Product: $103,165/23,110 = $4.46
The complete question is:
A company has two products: A1 and B2. It uses activity-based costing and has prepared the following analysis showing budgeted cost and activity for each of its three activity cost pools:
Activity Cost Pool Budgeted Cost Product A1 Product B2
Activity 1 $60,000 2,400 6,000
Activity 2 $75,000 3,440 5,960
Activity 3 $104,000 8,400 2,000
Annual production and sales level of Product A1 is 9,080 units, and the annual production and sales level of Product B2 is 22,910 units. What is the approximate overhead cost per unit of Product A1 under activity-based costing
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The Department of Labor’s Occupational Outlook Handbook is relatively expensive and not available for use by the general public.
True
False
Answer: false
Explanation: just got it right
Mr. Spacek runs a stationery supply business from Ohio. He exports stationery to countries in Latin America. Changes in oil prices have a direct impact on his business costs. Why do you think changes in oil prices affect Mr. Spacek’s business?
A.
the transaction costs may decrease
B.
the transportations costs may increase
C.
the time lag and its related costs may widen
D.
the acceptable tariffs and quotas may be affected
Changes in oil prices affect Mr. Spacek’s business through acceptable tariffs and quotas may be affected.
What is tarrif?A tariff is the amount of money paid on goods by an importer.
The amount determined by the government of the country and the money is paid into the government purse.
The change in oil price can increase the tarrif thereby increasing the overall cost of production of the business.
Therefore, Changes in oil prices affect Mr. Spacek’s business through acceptable tariffs and quotas may be affected.
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Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct diagrammatic representation of the relationship between tax rates and tax revenue, it follows that a tax rate of
Answer:
-35 percent will reduce tax revenues.
-48 percent will reduce tax revenues.
who ever can give me five stars and like me i will do the same back
Answer:
I will give you 5 stars like me i will do the same back
Researchers at the Oregon Pharmaceutical Company are conducting a study entitled, Ways to Market New Products to Millennials. This research study is an example of _______.
"Researchers at the Oregon Pharmaceutical Company are conducting a study entitled, Ways to Market New Products to Millennials." Applied research is in play here. This is further explained below.
What is Applied research?Generally, Applied research is simply defined as research focused on looking for solutions to real-world issues, you're doing "applied" research.
In conclusion, "Ways to Market New Products to Millennials" is the title of a study being conducted by Oregon Pharmaceutical Company researchers. In this case, we're dealing with the results of actual study.
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Pam is 28 years old, single with no children. Pam works at the local
bookstore and Pam's monthly income and expenses are as follows:
Monthly Rent: $300
Monthly Income: $850
Monthly Food Bill: $150
Monthly Gas Expense: $100
Monthly Car Insurance: $80
Monthly Cell Phone Bill: $100
The following questions
In dollars, what is Pam’s total expenses?
In dollars, what is Pam’s total income?
Does Pam have a surplus or deficit?
What is the dollar amount of the surplus or deficit?
If Pam is 28 years old. Pam’s total expenses is $730 and Pam’s total income is $850.
Expenses and incomea. Pam’s total expenses
Monthly Rent $300
Monthly Food Bill $150
Monthly Gas Expense $100
Monthly Car Insurance $80
Monthly Cell Phone Bill $100
Total expenses $730
b. Pam’s total income
Monthly Income $850
c. Does Pam have a surplus because the income is higher than expenses.
d. Dollar amount of the surplus
Surplus=Income -Expenses
Surplus=$850-$730
Surplus=$120
Therefore Pam’s total expenses is $730 and Pam’s total income is $850.
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Question 1 (1 point)
Which of these is not expected when international trade occurs?
Answer:
This is incomplete, I need the options to be able to answer this question
if an increase of oil prices leads to the overall price of goods to rise, what type of inflation is a likely cause?
Answer:
cost-push inflation
Explanation:
Poppy's Gumball Co. is planning to invest in a new marketing campaign that would require an initial investment of $85,000. The project is expected to provide incremental annual income of $27,200. The simple rate of return on the project is
The simple rate of return on the project is 32% if the cost investment is $85,000 and the annual income earned on it is $27,200.
What is annual income?Annual income is the amount of gain earned by a company from the investment made in a long-term project. It can be determined from the income statement of a company.
Given values:
Annual income : $27,200
Initial investment : $85,000
Computation of simple rate of return on investment:
[tex]\rm\ Simple \rm\ rate \rm\ of \rm\ return =\frac{\rm\ Annual \rm\ incremental \rm\ income}{\rm\ Initial \rm\ Investment} \\\rm\ Simple \rm\ rate \rm\ of \rm\ return=\frac{\$27,200}{\$85,000} \\\rm\ Simple \rm\ rate \rm\ of \rm\ return=32\%[/tex]
Therefore, after making an initial investment of $85,000 into the project with an annual income of $27,200, the rate of return is earned at 32%.
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When towing someone with a pwc, one of the requirements is?
When towing someone with a pwc, An observer or wide-angle rearview mirror is needed.
What is Towing?Towing can be regarded as the coupling of two or more objects together using a power source so as to pull them along.
Therefore, when towing is needed there should be a rearview mirror to monitor things to avoid damage to other object.
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This type of investment typically has a greater long-term-rate of return than a
savings account.
Credit Union
Credit Card
Stock
Checking Account
A Stock investment typically has a greater long-term rate of return than a savings account.
What is a Stock?A stock is basically a financial investment that represents fractional ownership of a company or business. In other words, holding a company stock implies you own a percentage share of the business's potential success.
Hence, since there are many guiding factors that could make a once small company into a big company in the future, such as experiencing increased investor interests, etc, it thus makes a stock investment have a greater long-term rate of return than a savings account.
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Burger Buddies restaurant chain is attempting to bring back their fried fish sandwich. It is an
old favorite, but in recent times has lost its popularity with customers. The burger chain has
hired a marketing firm to find new customers for the fried fish sandwich. What does the
marketing firm need to focus their efforts on?
® consumer modification
market modification
product modification
1 marketing mix modification
The marketing firm need to focus their efforts on
product modification.
What is product modificationProduct Modification includes changes that are done on an existing product to make it more acceptable.
This could include branding, changing the quantity and colour to help increase the demand.
Therefore, The marketing firm need to focus their efforts on product modification.
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Answer:
product modification
Explanation:
have a great summer you guys, i wish you all the best <3
Select all that apply.
Select the items that describe a free market economy.
efficient market system
distribution of goods through price
competition among businesses
small selection of goods and services
little freedom for producers
Explanation:
Free market system is efficient and had wide array of sphere. In a free market system goods are distributed through price . As it include both consumers and producers which only deals on price.As in free market system there is no role of government, so there is a competition between businesses and business man to achieve greatest profit .Globalization has affected developed countries by encouraging new products. providing a solid consumer base. turning their focus to providing services. increasing employment for unskilled workers.
Answer:
C
Explanation:
Edge 2022
Globalization has affected developed countries by turning their focus to providing services. Thus, the third option is correct.
What is globalization?Globalization is a phrase used to describe how trade and technology have connected and interdependent the world. Globalization encompasses the economic and societal developments that have resulted as well.
More jobs in nations where jobs are required are a byproduct of globalization, which can benefit the national economy and result in a greater standard of life. As the standard of living rose, more poor children quit employment and went to school.
Therefore, the primary focus of globalization is to provide services.
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________ is the record of all transactions (in goods, services, physical and financial assets) between individuals, firms and governments of one country with those in all other countries in a given year, expressed in monetary terms(econedlink.org)
Answer:
balance of payments
Explanation:
i was right on the test
Consider the following inventory data for two companies: Nichols Inc. Winters Inc. Beginning inventory $ 120,000 $ 150,000 Ending inventory 80,000 100,000 Purchases 240,000 310,000 Which of these companies had the higher inventory turnover ratio?
The highest inventory turnover ratio comes out to be 2.88 rimes of Company W in comparison to Company N.
What is the cost of sales?
Cost of sales, also known as cost of goods sold, is the amount of producing the goods or services which are being sold by the company.
Given values:
Particulars Company N Company W
Inventory at the beginning $ 120,000 $150,000
Inventory at the end $ 80,000 $100,000
Purchases $240,000 $310,000
Step-1 Computation of cost of goods sold of Company N:
[tex]\rm\ Cost \rm\ of \rm\ Goods \rm\ sold = \rm\ Beginning \tm\ Inventory+ \rm\ Purchases-Ending \rm\ Inventory\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$120,000+\$240,000-\$80,000\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$280,000[/tex]
Step-2 Computation of average inventory of Company N:
[tex]\rm\ Average \rm\ Inventory= \frac{\rm\ Beginning \tm\ inventory+Ending \rm\ inventory}{2}\\\rm\ Average \rm\ Inventory=\frac{\rm\ \$120,000+\$80,000}{2}\\\rm\ Average \rm\ Inventory=\$100,000[/tex]
Step-3 Computation of inventory turnover ratio of Company N:
[tex]\rm\ Inventory \rm\ turnover \rm\ ratio = \frac{\rm\ Cost \rm\ of \rm\ goods \rm\ sold}{\rm\ Average \rm\ inventory} \\\rm\ Inventory \rm\ turnover \rm\ ratio=\frac{\$280,000}{\$100,000} \\\rm\ Inventory \rm\ turnover \rm\ ratio=2.80 times[/tex]
Step-4 Computation of cost of goods sold of Company W:
[tex]\rm\ Cost \rm\ of \rm\ Goods \rm\ sold = \rm\ Beginning \tm\ Inventory+ \rm\ Purchases-Ending \rm\ Inventory\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$150,000+\$310,000-\$100,000\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$360,000[/tex]
Step-5 Computation of average inventory of Company W:
[tex]\rm\ Average \rm\ Inventory= \frac{\rm\ Beginning \tm\ inventory+Ending \rm\ inventory}{2}\\\rm\ Average \rm\ Inventory=\frac{\rm\ \$150,000+\$100,000}{2}\\\rm\ Average \rm\ Inventory=\$125,000[/tex]
Step-6 Computation of inventory turnover ratio of Company W:
[tex]\rm\ Inventory \rm\ turnover \rm\ ratio = \frac{\rm\ Cost \rm\ of \rm\ goods \rm\ sold}{\rm\ Average \rm\ inventory} \\\rm\ Inventory \rm\ turnover \rm\ ratio=\frac{\$360,000}{\$125,000} \\\rm\ Inventory \rm\ turnover \rm\ ratio=2.88 times[/tex]
Therefore, Company W has an inventory turnover ratio of 2.88 times which is higher than the inventory turnover ratio of Company N.
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Peter wants to create a brand around the quality standards of his company. He wants to ensure that the customers know about the companyâs certifiable quality. What kind of quality certification can Peter choose to be displayed for customers to see? Peter can choose the certification, which can be displayed for customers to see
The type of quality certification that Peter can choose to display for customers to see is through environmental labeling for example.
What is the purpose of environmental labeling?Its focus is on communicating to consumers the efforts and actions of an organization in relation to its environmental performance, such as ISO standards, which define policies for standardization of environmental principles.
Therefore, environmental labeling is a way for a company to provide value to the consumer by increasing their perception of the company's compliant environmental practices.
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fast pls!!! Shepard University is launching new services to attract more students. They offer bachelor's
degrees in 25 majors, boast a brand new fitness center, Wi-Fi in residence halls, and 24-hour
dining options. Which of these is an example of a core service offered by Shepard University?
O bachelor's degrees
fitness center
O Wi-Fi in residence halls
O 24-hour dining options
Answer:
Bachelor's degree
Explanation:
You go to a college for a degree, so that is the main and thus "core" focus. Anything else is extra, so the degree itself is the main service. Therefore, it's the core.
When considering the presentation of a retail store, which elements largely contribute to the visual experience for a consumer?.
When considering the presentation of a retail store, The elements that largely contribute to the visual experience for a consumer are the store layout and atmosphere. This is further explained below.
What is a retail store?Generally, a retail store is simply defined as a store that is normally owned and operated by a retailer but can also be owned and operated by someone whos not a retailer and sells items primarily to end-users.
In conclusion, The retail store aims to look good as it is the last link to the consumer.
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A buyer paid $800,000 for an investment property. the total annual income is $75,000; loss due to bad debt and vacancy is $5,000 a year; and expenses are $1,200 per month in addition to debt service of $2,700 per month. what is the capitalization rate for the property
Answer: Real estate appraisals are used by sellers, buyers, and their lenders. Sellers want to ensure that their sale price is not less than the property's worth.
Explanation:
A country with a high dependency ratio probably has.
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A high BR, low gender inequality, and a low standard of livingHow do consumers influence the decisions of producers?
By setting prices for goods and services
Through following procedures set by the government
By working to produce goods and services
Through the purchasing decisions they make
Answer:
Through the purchasing decisions they make
Explanation:
An example might be that a producer would stop producing an item if very few consumers buy it.
In 1986, the United States recorded real GDP growth of 3.5% and nominal GDP growth of 5.5%. What was the inflation rate in 1945
Answer:It was 2% in 1945.Your welcome.
Explanation:
Jake is planning a trip to china. he has made a list of cities he would like to visit, as well as the approximate amount of money he plans to spend in each as a result of travel, lodging, shopping, and so on. all costs are listed in renminbi (¥). city cost (¥) tianjin 557 nanjing 681 zhengzhou 595 beijing 728 wuhan 449 chengdu 534 unfortunately, jake only has ¥2,920 available. what is the cheapest city that jake can remove from his travel plans and still stay under budget? a. tianjin b. wuhan c. nanjing d. beijing
The cheapest city that Jake can remove from his travel plans and still stay under his budget is Nanjing.
What is the cheapest city that can be removed?A budget is a plan of expected expenditures.
Total cost of the cities = 557 + 681 + 595 + 728 + 449 + 534 = 3544
Total cost of the cities if Nanjing is removed = 3544 - 681 = $2863
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Answer:
C. Nanjing
Explanation:
What are some reasons for studying economics? choose three answers. economics has an impact on everyday life. economics helps people learn to manage resources. economics describes the reasons products are scarce. economics explains the roles of producers and consumers. economics shows how people work together to make money.
Some of the reasons why the study of economics is important is because:
It has an impact on everyday life. It makes people learn to manage resources. It explains the roles of producers and consumers.What is economics?This is the study into the transfer of wealth and the scarce resources that are used in the every day production of goods and services.
It teaches how to manage the scarce resources effectively for maximized profit.
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Answer:
A, B, D
Explanation:
A company that seeks to provide free bikes to underprivileged kids might put flyers in bike stores, asking for customers to donate their old bikes. This is an example of _____.
The given example above is a very good example of non-profit marketing.
What is Non-Profit Marketing?This refers to the type of marketing in which a company decides to help out a community by giving out its products without asking for anything in return.
Hence, we can see that based on the actions of the company giving free bikes to underprivileged kids in a community and also updating old bikes of others is an example of non-profit marketing.
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Which of the following is TRUE, based on the historic returns of the S&P 500? O The stock market fluctuates in the short term and is difficult to predict. It has average annual return of 6-7%, adjusted for inflation. O Stock prices rise consistently in the short term and only decrease during rece The stock market has an average annual return of 15%, adjusted for inflation. The stock market fluctuates in the short term and the majority of investors ca predict the direction of the market. The stock market has an average annual that is negative, adjusted for inflation. On average, the growth of the stock market matches the rate of inflation. It h average annual return of 2-3%, adjusted for inflation..
The stock market fluctuates in the short term and the majority of investors can predict the direction of the market.
What is S&P 500?The S&P 500 is an index that is used to measure the performance of stock market.
It is used in U.S. stock market to measure companies performance.
Therefore, The stock market fluctuates in the short term and the majority of investors can predict the direction of the market.
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