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Ostrovityanka [42]
2 years ago
14

You are thirsty and decide to have an iced tea. your thirst is a​ ________ and your choice of iced tea is a​ ________.

Business
2 answers:
Vadim26 [7]2 years ago
7 0
A. ​demand; want  
Let's look at the 3 terms used in this question 
demand - Something or someone requiring attention. 
need - Something that's is required in order to live. 
want - Something that's desired, but not required.  
Now you're thirsty and you pick iced tea. It's pretty obvious that thirst isn't a "need", nor is iced tea, you could have picked a lot of different substances to get rid of your thirst such as water, milk, or some other beverage. And it's pretty obvious that thirst doesn't "want" to exist. But it can demand your attention. So with that in mind, let's look at the options.  
a. ​demand; want 
* This pretty much hits the target. Your thirst "demands" attention, and you
"want" to drink iced tea. So this is the correct choice. 
 b. ​want; demand
 * A bit reversed here. Do you "want" to be thirsty? And if so, why are you getting rid of the thirst by drinking? So this is a bad choice.  
c. ​want; need 
* Iced tea is never a "need", so this is obviously a bad choice.  
d. ​need; demand 
* You don't have a need for thirst. And if you did, why are you drinking to get rid of it? So another bad choice.  
e. ​need; want 
* Just repeat "d" above. If you need thirst, why drink? So a bad choice.
kari74 [83]2 years ago
5 0
<span>d. ​need; demand

Thirst is a need rather than a demand or want, since we need regular fluid intake for our survival and optimum functioning. A choice of ice tea is a demand rather than a want or need because a want or need does not involve the ability to afford the ice tea. Demand on the other hand involves the desire and ability to buy a product.  
</span>
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Which of the following statements is CORRECT?A. Even though Firm A's current ratio exceeds that of Firm B, Firm B's quick ratio
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Answer:

B. Suppose a firm wants to maintain a specific TIE ratio. It knows the amount of its debt, the interest rate on that debt, the applicable tax rate, and its operating costs. With this information, the firm can calculate the amount of sales required to achieve its target TIE ratio.

Explanation:

The times interest earned (TIE) ratio measures the company's ability to meet its debt obligations from its current income. The formula for calculating TIE number is 'earnings before interest and taxes (EBIT) divided by the total interest payable on all debts.

With the above definition and formula in mind it becomes <u>true</u> that if a firm wants to maintain a specific TIE ratio, If it knows the amount of its debt, the interest rate on that debt, the applicable tax rate, and its operating costs. With this information, the firm can calculate the amount of sales required to achieve its target TIE ratio, because;

With the parameters 'If it knows the amount of its debt, the interest rate on that debt,' It will work out total interest on all debts which is the denominator of TIE.

AND

With the parameters 'the applicable tax rate, and its operating costs' it will work out the Earnings Before Interest and Taxes'

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2 years ago
The _____ is the minimum acceptable rate of return on an investment. capitalization rate internal rate of return discount rate r
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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
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Answer:

The net operating income for the month under variable costing is $11,550

Explanation:

In order to calculate The net operating income for the month under variable costing for Farron Corporation we would have to make the following calculations:

According to the given data:

i) Direct Material=$32  

ii) Direct labor=$74  

iii) Variable manufacturing overhead= $20  

Hence, Variable costing unit product cost (i + ii + iii)=  $126  

A) Sales ($168 per unit * 9250 units sold)=$1,554,000

B) Less variable expenses:  

Variable cost of goods sold  

($126 per unit * 9250 units sold)=$1,165,500  

Variable selling and administrative  

($24 per unit × 9250 units) $222,000 $1,387,500

C) Contribution margin (A – B)=$166,500

D) Less : fixed expenses  

Fixed manufacturing overhead= $144,750  

Fixed selling and administrative $10,200 $154,950

E) Net operating Income ( C-D)=$11,550

The net operating income for the month under variable costing is $11,550

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When only one party to a contract is mistaken about a material fact that is the subject matter of the contract, that party will
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The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The followi
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Answer:

3-Jul

Dr Work in process 25,500

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

27-Jul

Dr Work in process 26,660

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

31-Jul

Dr Cost of services 142,760

Cr Work in process 142,760

b. $5,840 Over applied

c. Gross profit $35,580

Explanation:

Furlar and Benson General Journal

3-Jul

Dr Work in process 25,500

(170 hours ×150 per hour)

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

(260 hours ×185 per hour)

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

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Dr Work in process 26,660

(170 hours +260 hours)*62

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

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Dr Cost of services 142,760

(25,500+12,500+48,100+30,000+26,660)

Cr Work in process 142,760

b. Calculation for how much office overhead isover- or underapplied

(28,500+4,000)-26,660

=32,500-26,660

=$5,840

Therefore the office overhead is over applied with $5,840

C. Calculation to Determine the gross profit on the Obsidian case

Fees earned 172,500

Less Cost of services (136,920)

(142,760-5,840)

Gross profit $35,580

Therefore the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services will be $35,580

5 0
2 years ago
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