2. The managerial grid only provides a framework for conceptualizing leadership

The aggregate demand curve shows a ________ relationship between ________ and aggregate output ________.

dezoksy [38]

Why should i ever care just kidding

6 0

2 years ago

A vacuum manufacturer has prepared the following cost data for manufacturing one of its engine components based on the annual pr

Elanso [62]

Answer:

Make or Buy Decisions:

a) Make (50,000 units)

Direct materials $75,000

Direct labor 100,000

Variable overhead 375,000

Total variable costs $550,000

Contribution $6,950,000

Sales $7,500,000

Fixed overhead 150,000

Net profit $7,350,000

b) Buy (50,000):

Purchase price $3,000,000

Contribution $4,500,000

Fixed costs 112,500

Net profit $4,387,500

c) The company should make the engines.

Explanation:

a) Variable overhead = $375,000 ($7.50 x 50,000)

b) Fixed overhead = $150,000 ($100,000 x 1.5)

c) Sales = $7,500,000 ($150 x 50,000)

d) Purchase = $3,000,000 ($60 x 50,000)

e) Unavoidable Fixed overhead = $112,500 ($150,000 x 75%)

f) The problem is called a make or buy decision because, management of this company is faced with two options. In order to arrive at the better option in terms of long-term financial implication, the costs and profitability of the decision must be taken into consideration. Relevant costs are considered. A look at the two options, clearly shows that it makes better financial sense for the company to make than to buy the engines outside. Therefore, management is advised to make as the company will make much more sustainable profit by so doing.

4 0

2 years ago

During 2009, Accent Toys Plc., which began business in October of that year, purchased 15,000 units of a toy at cost of $10 per

telo118 [61]

Answer:

$183,000

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Number of units purchased × per unit + additional units purchased × per unit

= 15,000 units × $10 + 3,000 units × $11

= $150,000 + $33,000

= $183,000

Since there are 18,000 units are sold

out of which 15,000 are at $10 and the remaining 3,000 units are at $11 and the same is to be considered

5 0

2 years ago

The GDP deflator for this year is calculated by dividing the using by the using and multiplying by 100. However, the CPI reflect

inysia [295]

Hello. You forgot to provide the answer options. The options are:

"A) value of all goods and services produced in the economy this year B) This years prices C) value of all foods and services produced in the economy this year D) the base year's prices E) bought by consumers"

Answer:

The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.

Explanation:

GDP deflator is an economic term that means "implicit price deflator". This term is defined as the price measure for any and all goods and services produced within the country, in the year in question. GDP, in turn, is directly related to this, since it represents the monetary value that each of these goods and services produced during that same year.

The GDP deflator is directly related to the CPI, which is another economic term intended to represent the consumer price index. Through the CPI, the GDP deflator is able to measure the inflation or deflation that occurred in the national economic sector for a given year.

The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.

6 0

2 years ago

Journalize the following inventory merchandise transactions for both Sampson and Batson, assuming that the both Sampson and Bats

grigory [225]

Answer:

Explanation:

The journal entries are shown below:

In the books of Sampson Company

a. Accounts receivable A/c Dr $46,000

To Sales revenue $46,000

(Being merchandise is sold on a credit basis)

b. Cost of goods sold A/c Dr $38,500

To Merchandise inventory A/c $38,500

(Being cost of merchandise is recorded)

c. Cash A/c Dr $45,080

Sales discount A/c $920 ($46000 x 2%)

To Accounts receivable A/c $46,000

(Being cash is received is recorded)

In the books of Batson Company

a. Merchandise inventory A/c $46,000

To Accounts payable A/c $46,000

(Being merchandise is purchased on credit basis)

b. No journal entry is required

c. Accounts payable A/c Dr $46,000

To Merchandise inventory A/c $920 ($46000 x 2%)

To Cash A/c $45,080

(Being cash is paid is recorded)

8 0

2 years ago