Answer:
E) while beer is homogeneous, the product is differentiated among the sellers.
Explanation: The beers are quite identical but each seller differentiates it
Answer:
$28,700
Explanation:
We know that
Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of finished goods manufactured
where,
Total manufacturing cost = cost of direct materials used + direct labor cost + overhead cost
= $408,000 + $56,000 + $72,000
= $536,000
So, the ending work in process inventory would be
= $16,200 + $536,000 - $523,500
= $28,700
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
- Dr Notes receivable 48,000
- Cr Accounts receivable 48,000
Sept. 21 The note is dishonored by Radon Express Co.
- Dr Accounts receivable 48,960
- Cr Notes receivable 48,000
- Cr Interest revenue 960
When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
- Dr Cash 49,368
- Cr Accounts receivable 48,960
- Cr Interest revenue 408
Answer:
On-the job training.
Explanation:
This is explained to be normal emphasized training that working staffs are seen to undergo; especially newly employed staffs, which is a direct training while doing the actual job they are been hired or paid for. A a good and reasonable trainee in this aspect is seen to be appreciative when given this chance to develop knowledge and skills without ever leaving work. In this employee training format, employees are seen to receive your workplace needs, norms, and culture and familiarize with them. Internal job training and employee development bring a special plus. This is why in the scenario above, Joel's supervisor trains him off-site on the use of firearms.
Let $x = the cost per flower.
Number of roses sold = 20
Profit on 20 roses = $6
Cost = (30 roses)($x per rose) = $ 20x
Revenue = ($0.50 per rose)*(20 roses) = $10
Profit = $10 - $ 20x = $6
That is,
10 - 20x = 6
20x = 10 - 6
20x = 4
x = $0.2 = 20 cents
Answer: She paid 20 cents per flower.
