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poizon [28]
2 years ago
7

Neighbors Bicycles needed more bicycle seats. It decided to order gel seats in addition to the traditional seats it had always o

rdered. What type of buying situation does this represent? Multiple Choice straight buy new buy modified rebuy straight rebuy
Business
1 answer:
Eva8 [605]2 years ago
7 0

Answer:

The answer is: Modified rebuy

Explanation:

A modified rebuy happens when a company (or an individual consumer) will buy a product or service which it has already purchased in the past. But now the company wants to change either the supplier, the product's specifications (e.g. gel seats) or the terms of the sale.

You might be interested in
The following are nine technical accounting terms introduced or emphasized in this chapter. Responsibility margin Transfer price
Ostrovityanka [42]

Answer: Please refer to Explanation

Explanation:

The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.

a. The costs deducted from the contribution margin to determine the responsibility margin. TRACEABLE FIXED COSTS.

b. Cost to produce plus a predetermined markup. COST-PLUS TRANSFER PRICE

c. Fixed costs that are readily controllable by the manager. NONE

d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. PERFORMANCE MARGIN.

e. The subtotal in a responsibility income statement that is most useful in evaluating the short-run effect of various marketing strategies on the income of the business. CONTRIBUTION MARGIN.

f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. RESPONSIBILITY MARGIN.

g. The amount used in recording products or services supplied by one business unit to another. TRANSFER PRICE.

5 0
2 years ago
Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 $ 24,400 Beginning Raw M
Nadya [2.5K]

Answer:

1. $283,400

2. $214,968

3. $790,468

4. $780,168

5. $781,868

Explanation:

Material used = Beginning Materials + Purchases - Ending Materials

                       = $35,800 + $304,500 - $40,400

                       = $299,900

Then,

<em>Direct Materials Used = Total Materials Used - Indirect Material</em>

                                     = $299,900 - $16,500

                                     = $283,400

Applied overhead = Application Rate × Actual Activity        

                               =  78% ×  $275,600

                               =  $214,968

Calculation of Total Manufacturing Costs

Direct Materials                         $283,400

Direct Labor                               $275,600

Overheads Applied                    $214,968

Indirect Materials                          $16,500

Total Manufacturing Costs        $790,468

Cost of Goods Manufactured = Beginning Work in Process Inventory + Manufacturing Costs - Ending Work in Process Inventory

                                                  = $110,600 + $790,468 - $120,900

                                                  = $780,168

Cost of goods sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory    

                                =  $ 24,400 +  $780,168 -  $22,700    

                                = $781,868

7 0
2 years ago
Ronnie's Comics has found that its cost of common equity capital is 15 percent and its cost of debt capital is 12 percent. The f
Maksim231197 [3]

Answer:

The after-tax weighted average cost of capital for Ronnie's Commics is 9.6%

Explanation:

WACC is calculated by the formula

= \frac{E}{E+D} * Re + \frac{D}{E+D} *Rd *(1-T)

According to the information given in the question,

E+D= $250,000,000 + $750,000,000 = $1,000,000,000

E = $250,000,000

D = $750,000,000

T = 35%

Re = 15%

Rd = 12%

Substituting the values in the formula,

= \frac{250,000,000}{1,000,000,000} * 15 + \frac{750,000,000}{1,000,000,000} *12 *(1-0.35)

= 3.75 + 5.85 = 9.6%

5 0
2 years ago
Suppose an investment broker offers to sell you a financial asset for $850. You will receive only one payment of $1,000 five yea
avanturin [10]

Answer:

The interest rate is 0.06%

Explanation:

Step one :

Given data

final amount $1,000

initial principal balance $850

annual interest rate=?

time (in years)=5 years

Step two:

Applying the

Simple interest/Formula

A = P (1 + rt)

A = final amount

P = initial principal balance

r = annual interest rate

t = time (in years)

Plugin our data into the formula We have

1000=850(1+r*5)

1,000=850(1+5r)

Opening bracket we have

1,000=850+4,250r

Colleting like terms we have

1000-850=4250r

250=4,250r

Dividing both sides by 4,250 we have

r=250/4250

r=0.058

Hence the interest rate is 0.06%

6 0
2 years ago
Read 2 more answers
In April of Year 1, Martin left his wife, Marianne. The couple has two children under the age of 15. While the couple was apart,
shepuryov [24]

Answer:

D. Depending on the post separation residence of the children, both spouces may qualify to file as head of household

Explanation:

Hello! Marianne is taking responsibility for her children and the house, since the separation was an abandonment that was not legally agreed. Therefore, she can take care of everything, since her husband renounced his role as father and husband when leaving home.

Thanks for your question! Feel free to ask more!

6 0
1 year ago
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