1. Sales and Operations Planning combines the aggregate plan and the sales plan. Thus, the correct answer is option A.
2. The S&OP requires input from sales, operations and Finance. Thus, option a, b, and d are the correct options.
3. It is true that because of the need to interact with key supply chain partners, sales & operations planning is viewed as a cross-functional process. Thus, option A is the correct answer.
What is Sales and Operations Planning (S& OP)?Sales and operations planning is an integrated business management process that allows the executive/leadership team to maintain focus, alignment, and synchronization across all organizational functions.
The aggregate plan and the sales plan are combined in Sales and Operations Planning. Sales, operations, and finance must all contribute to the S&OP. Sales and operations planning is viewed as a cross-functional process due to the need to interact with key supply chain partners.
Therefore, a properly implemented S&OP process reviews customer demand and supply resources on a regular basis and "re-plans" quantitatively over an agreed-upon rolling horizon.
To learn more about Sales and operations planning, click here:
https://brainly.com/question/29642933
#SPJ4
24. Ahm Corp. owns 90% of Bee Corp.'s common stock and 80% of Cee Corp.'s common stock. The remaining common shares of Bee and Cee are owned by their respective employees. Bee sells exclusively to Cee, Cee buys exclusively from Bee, and Cee sells exclusively to unrelated companies. Selected year 1 information for Bee and Cee follows: Cee Corp. $91,000 65,000 None Bee Corp. $130,000 100,000 Sales Cost of sales Beginning inventory Ending inventory None None 65,000 What amount should be reported as gross profit in Bee and Cee's combined income statement for the year ended December 31, year 1? a. $26,000 b. $41,000 c. $47,800 d. $56,000
The amount that should be listed as gross profit on Bee and Cee's combined income statement for the year that ended on December 31, year 1, is $56,000. Hence, the correct answer is D.
To determine the gross profit for Bee and Cee in year 1, we need to calculate their combined sales and cost of sales.
Bee's sales for the year were $130,000, and Cee's sales for the year were $91,000. Therefore, the combined sales for Bee and Cee in year 1 were $221,000.
Bee's cost of sales for the year was $100,000, and Cee's cost of sales for the year was $65,000. Therefore, the combined cost of sales for Bee and Cee in year 1 was $165,000.
To calculate the gross profit for Bee and Cee in year 1, we subtract the combined cost of sales from the combined sales:
Gross profit = Combined sales - Combined cost of sales Gross profit = $221,000 - $165,000 Gross profit = $56,000Therefore, the gross profit for Bee and Cee in year 1 was $56,000. This should be reported in the combined income statement for the year ended December 31, year 1.
Learn more gross profit about here: brainly.com/question/21637154
#SPJ4
___ utility adds value to goods by having them available where people want them?
i. spatial
ii. location specific
iii. place
iv. geographic
Place utility adds value to goods by having them available where people want them .
Option A is correct .
Time utility, By making things accessible when customers need them, intermediaries like retailers give them more time utility. By doing whatever action required to transfer ownership from one party to another, including offering credit, intermediaries increase the utility of possession.
Consumers place value on the location of stores where they buy goods. Instead of having to drive to a factory or warehouse where the goods are made or stored, stores make it simpler for customers to make purchases. Customers find what they require in a location that is conveniently situated close to their place of residence or employment.
To know more about Place utility visit :
https://brainly.com/question/29313185
#SPJ4
The opportunity to have another person take over rent payments and live in the rental unit is called (a) O Subletting. O Rental agreement. O Lessee. O Lessor O Lease.
The opportunity to have another person take over rent payments and live in the rental unit is called subletting.
What is subletting?A sublet is when an existing tenant have his or her portion of current lease agreement renewed with a new third party. Here, a tenant decides to rent out either a room or whole property to a third party.
In other words, it is when an existing tenant lets all or part of their home to someone else who is known as a subtenant. However, tenants need permission before they can sublet an already rented apartment.
A sublet may also be used to refer to the sublease arrangement hence it is adding someone new to an existing apartment lease.
Learn more about Subletting here: https://brainly.com/question/29740522
#SPJ1
EX 6-13 Determining the amounts to be paid on invoices? Determining the amount paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight paid by seller Customer returns and allowances A.$27,000 ------- FOB destination, n/30 $4,500 B. 18,600 $475 FOB shipping point, 2/10, n/30 3,000 C. 8,400 ------ FOB shipping point, 1/10, n/30 700 D. 48,300 $900 FOB shipping point, 2/10, n/30 6,500 E. 33,00 ------ FOB destination, 1/10, n/30 -----
Based on the merchandising operation, we know that the total amount to be paid for each invoices are:
A: $22,500B: $15,763C: $8,098D $41,864E: $32,670On the merchandising operation, if the buyer choose the FOB destination, hence the product ownership will remain with the seller until the product reach the buyer location. Hence, the freight cost will be burdened by the seller.
However, if the merchandising occurs in FOB shipping point, then the product ownership will be owned by the seller right after the product being picked up by the delivery until it reach its destination. The buyer will be responsible for the freight cost in FOB shipping point.
The settlement calculation for each invoice are stated below.
Remember that the discounted amount should be calculated using the difference between merchandise and returns & allowances amounts.
Invoice AMerchandise = $27,000
Add: Freight = $0
Less: Return & Allowances = $4,500
Less: Discount = $0
Amount to be paid = $22,500
Invoice BMerchandise = $18,600
Add: Freight = $475
Less: Returns & Allowances = $3,000
Less: Discount = ($18,600 - $3,000) x 2% = $312
Amount to be paid = $15,763
Invoice CMerchandise = $8,400
Add: Freight = $475
Less: Returns & Allowances = $700
Less: Discount = ($8,400 - $700) x 1% = 77
Amount to be paid = $8,098
Invoice DMerchandise = $48,300
Add: Freight = $900
Less: Returns & Allowances = $6,500
Less: Disc = ($48,300 - $6,500) x 2% = $836
Amount to be paid = $41,864
Invoice EMerchandise = $33,000
Add: Freight = $0
Less: Returns & Allowances = $0
Less: Discount = ($33,000 - $0) x 1% = $330
Amount to be paid = $32,670
Learn more about Merchandising here: https://brainly.com/question/16135131
#SPJ4
Ahmad recently was a victim of identity theft when someone opened multiple accounts in his name and bought numerous expensive items. what is one effect that he is most likely to have experienced due to this fraudulent act?
a. his credit score was raised higher than ever.
b. he had access to more credit cards.
c. he enjoyed getting to learn more about credit.
d. he lost out on job opportunities.
Answer:
D. he lost out on job opportunities.
Explanation:
Answer: d he lost job opportunities
Explanation:
What is a 10 market correction?
A correction is an extended decrease in an asset's price or a market index's value. A correction is often defined as a value decline of 10% to 20% from a recent peak.
A specific decline in value from a recent stock market high of at least 10% (but not more than 20%) is referred to as a stock market correction. The term "stock market correction" is frequently used by investors to denote a decline in the market as a whole or within a particular index, such as the S&P 500.
Fundamentally, market corrections and all types of market declines occur because investors are more likely to sell than to buy.
To learn more about market corrections refer here
https://brainly.com/question/28271316#
#SPJ4
What is the most effective type of lobbying?
The best ways to lobby are through letters or in-person meetings, although phone conversations can also be successful. Calls on the phone can be particularly crucial for lobbying operations that must be completed quickly.
What are the three primary forms of lobbying?Forms for lobbying Depending on the subjects that organized interests support and the people they aim to sway, lobbying can take on a broad range of shapes. Direct campaigning, popular lobbying, plus electoral lobbying are Berry's three broad categories for diverse types of lobbying.
Which are a few instances of lobbying?discussion of a particular piece of legislation with lawmakers or their staff. creating or negotiating a bill's terms. chatting with lawmakers or staff about possible legislation's content.
To know more about effective type of lobbying visit:
https://brainly.com/question/28268798
#SPJ4
instructions: read the scenario and question below, select the correct answers, then select check. scenario: you are a geographic information system (gis) specialist who normally works at the public works planning office. you are directed to report to the incident command post (icp) and have been assigned to the planning section chief and will report to the chief. you will be producing maps to display potential flooding impacts in the city and county. what nims management characteristics are you supporting? select the two characteristics that apply.
Chain of Command with Information and Intelligence Management has been the NIMS feature supported by the GIS specialist.
A potential study of floods and other disasters has been conducted for the purpose of analyzing the area's geographical situation.
In order to facilitate the transmission of information to the supervisors and the Planning Chief in order to take prompt and appropriate actions, the geographical study has been carried out and maintained in a hierarchical manner.
Maps and analysis data have been used to back up the information, which also helps with intelligence management. For incident management, the management study has been focusing on information gathering, evaluation, and analysis.
As a result, the Geographic Information System (GIS) specialist has supported the NIMS characteristic of Chain of Command with Information and Intelligence Management.
To learn more about Intelligence Management here:
https://brainly.com/question/29993439
#SPJ4
an auditor performs a test to determine whether all merchandise was received for which the entity was billed. the population for this test consists of all:
An auditor performs a test to determine whether all merchandise was received for which the entity was billed, the population for this test consists of all : Vendor's invoices.
Vendor invoices are source documents generated when products or services are received from the vendor in accordance with the buyer's purchase order. As a result, utilizing it as the test population is a suitable place to start in the audit.
Knowing the population to be audited is important in audit sampling. The population is a collection of data from which the auditor picks a sample and then draws conclusions.
When items or services are received in accordance with a buy order established with a vendor, a vendor invoice from a purchase requisition is generated. A vendor invoice has a header as well as one or more lines for products or services. The cycle from purchase order to goods receipt to vendor invoice is completed by a vendor invoice.
For more information on Vendor invoices, visit :
https://brainly.com/question/14802834
#SPJ4
69. Advantages of ETFs over mutual funds include all but which one of the following?
A. ETFs trade continuously, so investors can trade throughout the day.
B. ETFs can be sold short or purchased on margin, unlike fund shares.
C. ETF providers do not have to sell holdings to fund redemptions.
D. ETF values can diverge from NAV.
ETFs have a benefit over mutual funds in that you can purchase and sell them whenever you want, as opposed to adhering to a fixed contribution schedule.
Join the Liberty Through Wealth e-letter below to get more information on the best ETFs A sort of vehicle called an ETF follows the performance of other assets. Depending on the fund's emphasis, ETFs might follow broad indices, a portfolio of stocks, commodities, and more. ETFs are widely available to buy and sell since they trade on exchanges under a ticker symbol. Higher expense ratios associated with actively managed ETFs can reduce return on investment. Due to volatility, leveraged ETFs have the potential to lose more money than they make. A mutual fund is what?
To learn more about funds please click on below link
https://brainly.com/question/14705214
#SPJ4
what tools does the federal reserve use to control inflation, address economic fluctuation, and promote economic growth
The primary tools that the Fed uses are interest rate setting and open market operations (OMO). The Fed can also change the mandated reserves requirements for commercial banks or rescue failing banks as lender of last resort, among other less common tools.
Reserves held by a commercial bank are assets to the commercial bank and liabilities to the Federal Reserve Bank. Assets are all of the resources possessed by the commercial bank, whereas liabilities are their debts or financial commitments to the Federal Reserve Bank.A commercial bank's reserves are typically made up of Federal Reserve Bank deposits and vault cash. Excess reserves influence how much a commercial bank may lend. They are assets to the commercial bank and liabilities to the Federal Reserve Bank that holds them.
what tools does the federal reserve use to control inflation, address economic fluctuation, and promote economic growth
learn more about commercial banks here:
https://brainly.com/question/16196841
#SPJ4
T/F t-notes and t-bonds are issued in minimum denominations of $100, or multiples of $100.
t-notes and t-bonds are issued in mini-mum denominations of $100, or multi-ples of $100. The given statement is True.
Trea-sury bonds, called T-bonds for short, are often refer-red to as long bonds beca-use they take the longest to ma-ture of the government-iss-ued securities. Treasury bonds are offered to invest-ors in terms of 20 and 30 years to maturity.
The federal govern-ment offers fixed-income securities to con-sumers and investors to fund its ope-rations, including Treasury bonds, Treasury notes, and Treasury bills.
Treasury notes are simi-lar to Treasury bonds but have short-er terms, including two, three, five, seven, and ten ye-ars. Like T-bonds, Trea-sury notes are back-ed by the U.S. govern-ment.
To know more about bonds click below:
brainly.com/question/29856253
#SPJ4
What are the two markets in a closed economy?
The two markets in a closed economy are: the factor markets and the products markets.
What is a closed economy?A closed economy is an economy which does not relate in any international trade, which means that it would not import or export goods and services or take part in any financial exchanges with any other country.
When a country stays as a closed economy, it has no trading activity outside the country's borders. In the closed economy, the consumers are needed to consume domestic products without any chance of import of goods from other countries. But eventually, there are no economies which are completely closed.
Learn more about closed economy at: https://brainly.com/question/10074981
#SPJ4
How long do you have to reject goods?
The exact period for rejecting the goods depends on the type of goods and the laws of the country in which the goods were purchased. Generally, the period for rejecting goods is a period of days, weeks or even months, depending on the country.
For example, in the state of California, buyers have the right to return goods if they are defective or not as described. The buyer usually has 30 days from the date of purchase to notify the seller of the defect and return the item for a refund.
In most states, buyers have a "reasonable time" to reject goods. This means that the buyer must act quickly to reject the goods, but the exact time frame may vary depending on the circumstances. In any case, it is important to check the laws in your state to determine the exact time frame for rejecting goods.
To know more about rejection of goods click here
https://brainly.com/question/28580502
#SPJ4
What do the different points along a supply curve show?
A. Changes in cost
B. Changes in productivity
C. Changes in quantity supplied
D. Changes in supply
The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. Hence option A is correct .
What points supply curve show ?In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.
A supply curve's points each reflect a specific quantity being supplied at a specific price. On a stationary supply curve, several points stand for various supply volumes at various prices. Consequently, a shift along a specific supply curve represents a change in amount supply.
An complete supply curve may move to the right or left due to changes in manufacturing costs and related variables.
Learn more about Supply curve here
https://brainly.com/question/14685740
#SPJ1
if the final sales price of a property is $550,000, how much does the seller have to pay for the state transfer tax...?
If the final sales price of a property is $550,000, how much does the seller have to pay for the state transfer tax is $5500.
A sales tax can be defined as the consumption tax that local or state governments usually apply on the purchase price of products or services from consumers. When a company has some sort of link , it can be used job to collect sales tax and send payments to the government.TDS is placed on behalf of the seller by the buyer, who receives payment from the seller. According to Section 194 IA of the Income Tax Act of 1961, TDS is applicable at 1% of the entire sale price of the property.To know more about Sales Tax here
https://brainly.com/question/9437038
#SPJ4
What is the major focus of sustainability?
It is the study of how natural systems function, remain diverse and produce everything it needs for the ecology to remain in balance.
What is sustainability?Sustainability is a broad discipline that provides students and graduates with insights into virtually every aspect of the human world, from business to technology to the environment and social sciences.
The core skills that a graduate leaves college or university with are in high demand, especially in a modern world looking to drastically reduce carbon emissions and discover and develop future technologies. Sustainability combines politics, economics, philosophy, and other social sciences with hard sciences.
As businesses strive to comply with new legislation, many corporate jobs at the graduate level and above prioritise sustainability skills and environmental awareness. As a result, sustainability graduates will work in a variety of fields, the most common of which are civic planning, environmental consulting (both built and natural environments), agriculture, and not-for-profit organisations.
To learn more about sustainability refer to:
https://brainly.com/question/6705059
#SPJ4
if u.s. speculators gained greater confidence in foreign economies so that they wanted to move more of their wealth into foreign countries, the dollar would a. appreciate which would cause aggregate demand to shift left. b. appreciate which would cause aggregate demand to shift right. c. depreciate which would cause aggregate demand to shift right. d. depreciate which would cause aggregate demand to shift left.
In case (C), the dollar would weaken, which would create a rightward shift in aggregate demand.
What does the term "economies" mean?A community's resource allocation is ultimately determined by a set of interrelated production and consumption systems – also referred to as an economy. The demands of persons who live there and conduct business there are met by the supply and consumption of services and goods as a whole.
Are there 4 sorts of economies?Every economy operates under a certain set of circumstances and presumptions. Traditional economies, central planning, mixed economies, while market economies are the four primary types of economic systems.
To know more about Economies visit :
https://brainly.com/question/14479528
#SPJ4
How does intelligent automation work?
Intelligent automation (IA), also known as robotic process automation (RPA), combines robotic process automation (RPA) with cutting-edge technologies like artificial intelligence (AI), analytics, optical character recognition (OCR), intelligent character recognition (ICR), and process mining to create end-to-end business processes that think, learn, and adapt on their own. Hyper-automation and intelligent process automation (IPA) are two terms that may also be used to describe intelligent automation.
To know more about Intelligent automation visit:
https://brainly.com/question/30096802
#SPJ4
________ is a major issue faced by companies when implementing enterprise systems.
A) The lack of a centralized database where important data such as metadata can be stored
B) The failure to incorporate accounting and human resource applications
C) The failure of applications to communicate and share data with each other
D) The gap between the requirements of an organization and the capabilities of an application
The gap which is between the requirements of an organization and the capabilities of an application is considered as a major issue faced by companies when implementing enterprise systems.
The enterprise systems are considered to be the large-scale software packages which are able in order to track and also control all of the complex operations of a business. So, these systems are used as a central command hub.
However, the enterprise systems tend to help in order to automate the business and also to make the reporting and decision making easier. Thus, there are certain issues which are faced by the organization during this process.
Hence, option D is correct.
To learn more about the enterprise systems here:
https://brainly.com/question/23556405
#SPJ4
Businesses record goodwill ________.
In business, goodwill is recorded as an intangible asset on the acquiring company's balance sheet under the long-term assets account.
Business refers to the activity of creating, buying, and reselling goods to support oneself financially. The business owner is responsible for all obligations incurred by the business because the business entity is not legally distinguished from the owner by the use of the business name.
In the event that a business accumulates debt, creditors can seize the owner's personal assets. Corporate tax rates are not allowed in a corporate structure. All business income is subject to the owner's personal tax.
To know more about Business here-
https://brainly.com/question/15826604
#SPJ4
Sales and Operations Planning focuses on what time frame?
O Very short, immediate plans
O Long term plans
O Intermediate-range planning
O All of the above
Sales and Operations Planning focuses on Long term plans. Thus, option B is correct.
What is sales?Sales are activities that involve selling or the number of goods sold in a specific time period. A sale also includes the provision of a service for a fee. Long-term plans are the focus of Sales and Operations Planning.
Sales play an important role in establishing customer loyalty and trust. Trust and loyalty are the primary motivators for a customer to recommend the company to a friend or family member, or to write a positive review of the product or service online.
Therefore, option B is correct.
Learn more about the sales, refer to:
https://brainly.com/question/29857652
#SPJ4
carlos was in charge of running a one month campaign at his organization. if he's trying to determine which assets were the most valuable at generating leads and customers during that time, which attribution model should he use?
Carlos was in charge of running a one month campaign at his organization. if he's trying to determine which assets were the most valuable at generating leads and customers during that time, the attribution model he should use is time decay
What is time decay?
The rate at which the value of an options contract decreases over time is calculated as time decay. With less time to earn a profit from the deal, time decay quickens as an option's time to expiration approaches.
Therefore if Carlos was in charge of overseeing a one-month campaign. The attribution model he should employ is time decay if he wants to identify which assets were more effective at generating leads and customers at that time.
Learn more on time decay at:
https://brainly.com/question/14274960
#SPJ1
What are the 5 characteristics of a group?
The 5 characteristics of a group is :
Size( A group is formed with at least two members), Goals, Norms, Structure & Roles.
Why a group is important?When several individuals or objects are present at the same time in one location, they are said to be in a group. Working in groups, the students tackle challenging issues. People who arrange themselves to work or act in concert because they have similar goals or interests are referred to as members of a group.You may share ideas and approach issues from many angles when you collaborate with others. By combining a range of abilities and knowledge to take on more complicated and substantial challenges in a group setting, you may undertake projects that you could not complete on your alone.Learn more about group refer to ;
https://brainly.com/question/17982599
#SPJ4
What are the 5 steps to opening a savings account?
Five steps in opening a bank account includes the following;
Get familiar with your basic bank account optionsChoose a bank.Research bank account options.Gather documents & open your bank account.Start using your bank account.What is a Bank AccountA bank account is a financial account which is domiciled with a bank or other financial institution in which the financial transactions between the bank and a customer are recorded.
A bank account carries some responsibilities both on the side of the account owner and the financial institution that manages the account. The owner of the account may deposit and withdraw money and in some cases be paid interest by the financial institution.
These Financial institutions may offer other services such as loans, overdraft of financial information to their customers. Some other financial institutions may also manage pension accounts for their customers.
learn more about Bank Accounts at brainly.com/question/14368059
#SPJ1
uniform supply accepted a $7,200, 90-day, 10% note from tracy janitorial on october 17. if the note is dishonored, but uniform supply intends to continue collection efforts, what entry should uniform supply make on january 15 of the next year? (use 360 days a year.)
In order to document a business transaction in the accounting records of the company, a journal entry is employed.
What is interest revenue used for?The income that an organization earns from whatever investments it makes or on debt it holds is known as interest revenue.A non-operating item that appears on the income statement is interest expense. It stands for the interest due on all borrowings, including bonds, loans, convertible debt, and credit lines. In essence, it is determined by multiplying the interest rate by the debt's outstanding principal.The Interest Revenues account documents a company's interest earnings on the accrual basis of accounting for the time period specified in the income statement's header. Whether the interest was paid or billed, it is included in the Interest Revenues account.Solution: Journal entry for the purpose would be:
Cash A/c. Dr. 7380
Interest Revenue - 30
Interest Receivable 150
Note Receivable. 7200
(Being due amount on note along with the interest collected)
Note:
Total interest on Note= 7200 x 10% x90/ 360 days
= $180
Interest accrued in previous year=$ 180 x 2.5/3 =$ 150
(i.e. represent in entry by way of interest receivable)
Interest income for current period =$(180-150)=$30
Assumed: Financial year ended on December 31st
Learn more about Interest Revenue refer to :
https://brainly.com/question/28853040
#SPJ4
what is the ftc recommendation regarding choice as it relates to personally identifiable information (pii)? group of answer choices require robust notice only before pii is collected. require firms to allow consumers to opt-out before pii is collected. make collection of pii illegal. require firms to have consumers affirmatively opt-in before pii is collected.
The FTC's recommendation regarding consumer choice in relation to personally identifiable information is to make it mandatory for businesses to obtain customers' affirmative consent before collecting (pii).
How are personally identifiable (PII) data protected?Store delicate personal data safely when not in use in a closed desk drawer, filing cabinet, or other secure container. When using sensitive PII, make sure to keep it in a secure location that is only accessible to those with a need to know. At all costs, sensitive PII must never be faxed.
Personal identity numbers include things like Social Security Numbers (SSN), Passport Numbers, Driver's License Numbers, Taxpayer Identity Numbers, Patient Identification Numbers, Financial Account Numbers, or Credit Card Numbers. For a personal address, provide a street address or email address. personal interaction
To know more about personally identifiable Information, refer;
https://brainly.com/question/4997276
#SPJ4
a complete cloud beginner would like to create a simple application with predictable pricing. what service should this person use?
The cloud beginner must use AWS Lightsail
Amazon Web Services (AWS) provides AWS Lightsail, a cloud-based service intended to be a quick and inexpensive solution to set up and run a virtual private server (VPS). It provides a simple and intuitive interface that allows users to quickly and easily launch and manage their VPS without needing specialized technical knowledge or expertise.
Websites, applications, and other online services are hosted on virtual private servers, which are virtual machines that run on actual servers. To establish a VPS with a certain configuration, like a specific amount of processing power, memory, and storage, AWS Lightsail provides a variety of predefined templates, known as instances. A range of instances, including those designed for web hosting, application development, and other use cases, are available to users.
Read more about AWS on:
https://brainly.com/question/28145530
#SPJ4
Cruise liners offer last minute deals because
A. The marginal cost is higher than the marginal revenue since fixed costs are sunk
B. The marginal costs of an additional passenger are very low at that point and companies gain by lowering prices
C. The average cost of an additional passenger is very low at that point and companies gain by lowering prices
D. All of the above
Cruise liners offer last minute deals because the marginal costs of an additional passenger are very low at that point and companies gain by lowering prices. The correct option is (B).
What do you mean by the marginal cost?The term "marginal cost" describes the rise in manufacturing costs brought on by the creation of more product units.
A different name for it is the marginal cost of production. Businesses may evaluate how volume produced affects cost and eventually profits by calculating the marginal cost.
In managerial accounting, the idea of marginal cost is crucial because it may be used to maximize production through economies of scale within an organisation.
By producing at the point where marginal cost (MC) equals marginal revenue, a business can optimize its earnings (MR).
Therefore, Cruise liners offer last minute deals because the marginal costs of an additional passenger are very low at that point and companies gain by lowering prices.
To know more about the marginal cost, visit:
https://brainly.com/question/7781429
#SPJ4
latonya owned a house for which she paid $300,000. she added a backyard patio deck at a cost of $5,000, making her adjusted basis $305,000. she later sold the house for $330,000 and paid a $20,000 sales commission. what is latonya's gain or loss?
Latonya's gain or loss, given the basis in the house, and the sales commission paid, is $ 5, 000
How to find the gain or loss ?The gain or loss to Latonya can be found by the formula :
= Selling price - Commission - Basis in house
Selling price = $ 330, 000
Commission = $ 20, 000
Basis in house = $ 305, 000
The gain or loss is:
= 330, 000 - 20, 000 - 305, 000
= $ 5, 000
In conclusion, there is a gain of $ 5, 000.
Find out more on gain or loss at https://brainly.com/question/15178559
#SPJ1