When contemplating stopping distances, the three critical factors to be considered are

What would a competitive retailer have to do to get your patronage?

SOVA2 [1]

For a competitive retailer to get a consumer's patronage, they should implement strategies of attracting their consumers of which will likely gain their support and make their consumers many than of their competitors. An example of this is by having to offer discounts in means of attracting other consumers to buy their products as a means of having to gain their support.

4 0

2 years ago

Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: 2

lubasha [3.4K]

Answer:

$3,000 understated

Explanation:

The computation of the working capital in case of no correcting entries made is shown below:

= Depreciation Expense for 2020 - depreciation expense for year 2021 - ending inventory for 2021

= $18,000 - $6,000 - $9,000

= $3,000 understated

While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation

6 0

2 years ago

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est

alexira [117]

Answer:

The overhead application rate is 1.8

Explanation:

In the question both the estimated and actual overhead cost , material and labor cost are provided -

ESTIMATED ACTUAL

Overhead cost $396,000 $418,000

Material cost $410,000 $413,200

Direct cost $220,000 $224,000

Overhead application rate can be calculated by dividing the total budgeted overhead cost by direct labor cost.

= Budgeted overhead cost / direct labor cost

= $396,000 / $220,000

= 1.8

7 0

2 years ago

Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70

yan [13]

Answer:

correct option is a. $1,700 over head applied

Explanation:

given data

overhead = $700,000

machine hours = 200,000

direct labor hours = 35,000

Feb, direct labor hours = 5,000

Feb, machine hours = 10,000

Feb, actual overhead = $98,300

solution

we know overhead rate that is

overhead rate = $\frac{Budget overhead}{allocation base}$

overhead rate = $\frac{700000}{35000}$

overhead rate = $20 per hours

and in Feb for 5000 direct labor hour

overhead = 5000 × $20 = $100,000

so

over head applied = $100,000 - $98300

over head applied = $1700

so correct option is a. $1,700 over head applied

8 0

2 years ago

If the absolute value of the own price elasticity of demand is greater than 1, then demand is said to be:

OLEGan [10]

Answer:

A. elastic.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is elastic when a change in price leads to a change in quantity demanded. The coefficient of elasticity for elastic demand is usually greater than one.

Demand is inelastic when a change in price has no effect on quantity demanded.

The absolute value of the coefficient of elasticity for inelastic demand is usually less than 1.

Demand is unitary when a change in price leads to an equal proportional change in quantity demanded.

The absolute value of the coefficient of elasticity for unitary demand is usually equal to one .

I hope my answer helps you.

8 0

2 years ago