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prisoha [69]
2 years ago
14

A company manufactured 1,000 units of product during the year and sold 800 units. Costs incurred during the current year are as

follows:
Direct materials and direct labor $7,000
Indirect materials and indirect labor 2,000
Insurance on manufacturing equipment 3,000
Advertising 1,000
1. What amount should be reported as inventory in the company’s year-end balance sheet?
Business
1 answer:
Llana [10]2 years ago
5 0

Answer:

$2,400

Explanation:

Total production Cost:

= Direct materials and direct labor + Indirect materials and indirect labor + Insurance on manufacturing equipment

= $7,000 + $2,000 + $3000

= $12,000

Amount should be reported as inventory in the company’s year-end balance sheet:

= (Total production Cost ÷ Units manufactured) × (Units manufactured - Units sold)

= ($12,000 ÷ 1,000) × (1,000 - 800)

= $12 × 200

= $2,400

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Pricing objectives are derived from broader marketing objectives. Organizations using a multisegment marketing approach to marke
spin [16.1K]

Answer:

True

Explanation:

An organization that makes use of multisegment marketing approach is undoubtedly a big company that have established name for itself. This means that, the organization or company is well known and that it is an household name in the industry. Therefore, such company has the capacity of using multisegment marketing approach.

But a small company will only make use of one pricing method, this is to attract people to its products. And avoid competing with the established organizations. So, in the process, creating name for itself.

8 0
2 years ago
Which of the following is a macro factor underlying the trend toward greater globalization?A. increase in diversity in consumer
Alex

Answer:

The correct answer is Option C (dramatic developments in information processing and other technologies)

Explanation:

Globalization caused by several factors, example are improved markets, transportation, policies and cultures, improved technology, can be explained as the process by which different parts of the world are connected due to the spread of ideas, people, technology, goods. Types of globalization are: Economic globalization, political globalization, and cultural globalization.

Factors underlying the trend toward greater globalization are micro level  (individual) and macro level (society). Macro factors include, barriers to distribution of good and services among countries, and technological change, which is very important as it greatly affects globalization.

Dramatic developments in information processing and other technologies makes it easier to communicate and share information in order to conduct business internationally, and do other greater things too.

5 0
2 years ago
Russia and Qatar made the first serious moves in October 2008 toward forming an OPEC-style cartel for natural gas. The two strat
swat32

Answer:

The outcome of this game is that both countries will cheat

Explanation:

Solution

Recall that

For Russia:

If Qatar cheats or found cheating is = zero cheat

If Qatar co-operates = 140 million (co-operates or comply)

For Qatar:

If Russia cheats or found cheating is = it is considered as a  zero cheat

If Russia cooperates = 140 million (co-operates or comply)

So,

The outcome of equilibrium = (0,0)

Therefore the outcome of this game is that both countries will cheat

Note: Kindly find an attached copy of part of the solution to the question given.

7 0
1 year ago
Scenario 34-2. The following facts apply to a small, imaginary economy. • Consumption spending is $6,720 when income is $8,000.
Temka [501]

Answer:

0.64

Explanation:

Marginal propensity to consume is given by the ratio of the change in consumption spending to the change in income.

In this scenario, the change in consumption spending is:

\Delta CS = \$7,040-\$6,720\\\Delta CS = \$320

The change in income is:

\Delta I = \$8,500-\$8,000\\\Delta CS = \$500

The marginal propensity to consume for this economy is:

MPC=\frac{\Delta CS}{\Delta I}=\frac{\$320}{\$500} \\MPC =0.64

The answer is 0.64.

3 0
1 year ago
Human Resources Manager, Claire must inform Anthony that company job changes will require him to seek retraining or lose his pos
crimeas [40]

Answer:

a. a face-to-face conversation.

Explanation:

According to my research on human resources procedures, I can say that based on the information provided within the question the best way for Claire to deliver this message would be through a face-to-face conversation. This is because any news important news regarding to or affecting an individuals job should be delivered in person in order for the individual to ask questions and not misinterpret the information, as well as provide some peace of mind by providing answers to any questions they may have.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
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