Answers
Answer:
A gallon of gasoline cost 1.36 carton of milk
Explanation:
We should divide the given product over the base product
In this case, gasoline is the product we want to express based on carton of milk:
2.39 gallon of gasoline / 1.76 carton of milk = 1,35795454
A gallon of gasoline cost 1.36 carton of milk
Final answer:
The relative price of a gallon of gasoline in terms of milk in March 2017 can be calculated by dividing the price of a gallon of gasoline ($2.39) by the price of a carton of milk ($1.76), which equals 1.36
Explanation:
To calculate the relative price of a gallon of gasoline in terms of milk. We need to divide the money price of the gallon of gasoline by the money price of the milk. So, $2.39 divided by $1.76 would give us the relative price of gas in terms of milk.
Here's the calculation:
- Divide the price of a gallon of gasoline by the price of a carton of milk: $2.39 / $1.76 = 1.3579545454545454So, in March 2017, the relative price of a gallon of gasoline was approximately 1.36 cartons of milk.
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Related Questions
Each of the following is a method by which to allocate joint costs except: Group of answer choices a. Chemical analysis. b. Relative sales value. c. Relative weight, volume, or linear measure. d. Relative marketing costs. g
BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International. Administration costs are allocated on the basis of employees, and Accounting costs are allocated on the basis of number of transactions. A summary of BluStar operations follows: Administration Accounting Domestic International Employees – 29 40 31 Transactions 38,000 – 19,000 76,000 Department direct costs $ 350,000 $ 147,000 $ 950,000 $ 3,750,000Allocate the cost of the service departments to the operating departments using the direct method.
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $32 per share. Later in the year, the company decides to repurchase 100 shares at a cost of $35 per share. Record the transaction if California Surf reissues the 100 shares of treasury stock at $37 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
What is one course of action available in every decision making process?a. Respond in a way which will have only positive consequencesb. Respond in a way which will have no negative consequencesChoose to do nothing about the issued. None of the abovePlease select the best answer from the choices providedА
Answers
Answer:
Services.
Explanation:
As it is been explained to be a individual or organizational performance, which directly holds certain forms of benefit to many. It also can be said to be a transaction during which no physical goods are transferred from the vendor to the customer. It holds certain advantages of such a service are held to be demonstrated by the buyer's willingness to create the exchange. Public services are those who society (nation state, fiscal union or region) as an entire pays for. Using resources, skill, ingenuity; service providers benefit service consumers.
$29.70
$31.04
$28.29
Wages are 28.15 annual raise is 5%
Answers
Answer:
$29.70
Explanation:
The computation of the per hour pay is shown below:
= Wages × (1 + total raise)
where,
Wages is $28.15
And, the total raise would be
= 1 + (0.5% + 5%)
= 1 + 5.5%
= 1 + 0.055
= 1.055
Now put these values to the above formula
So, the value would equal to
= $28.15 × 1.055
= $29.70
We simply multiplied the wages by the total raise percentage
Answers
Answer:
Feedback
Explanation:
In an effective goal program, feedback is very important and essential. The goals should be open for feedback. If the goals are specific, consistent but lack feedback, then it is no longer effective.
Feedback is important in order to evaluate how effective the goal is. So, in the above, feedback is what is missing.
Answers
Answer:
September 11 2017
Dr Cash 600
Cr Sales revenue 600
(to record sales revenue on cash)
Dr Cost of good sold 370
Cr Inventory 370
(to record cost of good sold)
Dr Warranty expenses 54
Cr Warranty liabilities 54
(to accrue for warranty liabilities)
Jul 24 2018
Dr Warranty liabilities 42
Cr Inventory 42
(to record warranty services provided which was accrued)
Explanation:
11 Sep 2017:
- As sell of $600 is made on cash with the cost of good sold is $370, we Dr Cash 600 and Dr Cost of good sold 370 to record increase in cash and in Cost of good sold; and Cr Sales 600 and Cr Inventory 370 to record increase in sales and decrease in Inventory delivered.
- Warranty expenses should be recorded at the time to ensure matching of cost and revenue. Warranty expenses is estimated at 9% of sales, so it will be 9% x 600 = $54. Expenses is recorded and liabilities is accrued.
Jul 24 2018:
Warranty liabilities which was accrued actually occurs. So we Dr Liability by the expenses actually incurred and Cr Inventory consumed for the warranty services $42.
Answers
Answer: Using buffer stocks to ensure speedy supply.
Explanation:
Differentiation is a strategy that is used to differentiate a good or service from other products that are similar which are offered by competitors. It is the development of a good or service, that is unique and stands out for the customers, in terms of features, product design, quality, brand image, or customer service.
Modular design to differentiate a product, collating market research data and minimizing inventory are all product differentiation strategies.
Answer: C. Use buffer stocks to ensure speedy supply.
Explanation: All options except the use of buffer stocks to ensure speedy supply are included in the differentiation strategy decisions. A differentiation strategy is one of the ways a business distinguishes itself from competition and is defined as the approach in development of new products that a firm employs in order to offer unique products that customers will find superior to others in the market. It is important because it allows businesses not just to distinguish themselves from competition, but to also emphasize the unique aspects that make its product superior, accelerating visibility and perceived expertise, that results in better growth and profitability.
Answers
Answer:
The answer is option C) Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.
Explanation:
Operation costing is a mix of job costing and process costing,
In Process Costing, each process or stage of production is costed separately. while Job costing is used to calculate and assign the total cost of materials, labor, and overhead of a specific job.
The manufacture of a product may consist of several operations. In Operation Costing, costs are collected for each operation instead of each process or stage of manufacture.
Therefore, Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.