Do you believe that prices should reflect the value that consumers are willing to pay or should prices primarily reflect the cost involved in making a product or service.

Answers

Answer 1

Generally, the cost of production just establishes a minimum price at which a good can be sold. In other words, the cost of manufacturing must be covered by the price paid (a company's income).

In actuality, a corporation can divert different income sources to pay for other items it produces that are not covered by those revenue streams, but that's an operational element that doesn't change the fact that production costs must be covered or it is unsustainable.

Different consumers have their own unique exchange rates, which they may or may not agree to. Your demand curve is determined by adding up the number of consumers who would swap at each price. The actual market price will thereafter be determined by a combination of supply and demand market pricing.

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Related Questions

The effect on the business clothing and restaurant industries due to an increase of women in the workforce are examples of which segment of the general environment

Answers

Examples of the overall environment's socio-cultural component include how more women in the workforce have affected the business industries.

The socio-cultural environment is still evolving and changing. The causes differ between community groupings as well. Companies must therefore keep an eye on these changes and weigh their strategic ramifications.

Organizations must emphasize the benefits or impacts that having women in key leadership positions has on the broader work culture because leaders contend that maintaining gender equality at the workplace faces substantial obstacles because of the presence of long-standing cultural norms.

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Who were Germany's reparations paid to?

Answers

Reparations are typically used to address historical injustices, such as the exploitation of a particular group of people, and to restore some level of justice and equality.

What is reparations?

Reparations are payments made to a group of people in order to compensate them for past injustices or harms done to them. These payments may be made in various forms, including financial payments, policy changes, or the provision of services. Reparations are typically used to address historical injustices, such as the exploitation of a particular group of people, and to restore some level of justice and equality. Reparations are often seen as a way to address the wrongs of the past and to attempt to restore justice. They can also be seen as an acknowledgement of the wrongs that were done, as well as a recognition of the suffering of those affected.

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Which of the following techniques is NOT a technique for dealing with a​ bottleneck?
A. Schedule throughput to match the capacity of the bottleneck.
B.Have​ cross-trained employees available to keep the constraint at full operation.
C. Develop alternate routings.
D. Increase the capacity of the constraint.
E. All are techniques for dealing with bottlenecks.

Answers

D. Increase the capacity of the constraint is not a technique for dealing with a​ bottleneck.

When dealing with a bottleneck, it is important to remember that increasing the capacity of the constraint is not necessarily the best solution.

There are other, more effective techniques to help manage bottlenecks and optimize a system’s performance, such as re-balancing workloads, reorganizing processes, and utilizing automation.

The right solution will depend on the specific bottleneck and the system dynamics, but it is important to consider all of the options before committing to a strategy.

One way to address a bottleneck in your business is to increase the capacity of the constraint.

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Here are the 12 most recent sales in a market area. $148,000 $162,000 $145,000 $151,500 $150,000 $149,500 $166,000 $156,000 $152,000 $160,000 $155,000 $147,000 What is the mean of the sales

Answers

Most recent sales in a market price area have a mean of $21,000.

How can I determine a property's worth?

A real estate agent, an appraiser, an online valuation tool, or a comparison of nearby properties can all be used to establish a home's value. While it is simple and quick to use an internet value tool or gather comparable sales in your area, utilizing a REALTOR® or appraiser will yield more accurate findings.

What are the five techniques for valuing property?

The sales comparison technique, the cost approach, or the income capitalization approach are the three main ways for determining a property's value.

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How does the government control the labor in a command economy?

Answers

The government decides the means of product and owns the diligence to produce goods and services for the public. The government prices and produces goods and services that it thinks to benefit the people.

Ignores consumer preferences. This rapid-fire rallying frequently means command husbandry mows down other societal requirements. For illustration, the government tells workers what jobs they must fulfill, discouraging them from moving. The goods produced are not always grounded on consumer demand.   Command economy is made possible by a high degree of state power, meaning the government owns land and primary diligence and largely controls the financial system.

Give three exemplifications of government control over the factors of production in a command frugality. The government generally owns nearly all of the land in a command frugality. In addition, they also give the utmost capital since the maturity of the structures, machines, and tools is government possessed.

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If explicit data is information that is intentionally shared between a contact and a company, what is implicit data: Information gathered from website activity
Information gathered from a form submission
Information gathered from implied behavior
Information gathered from user behavior

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Information gathered from a form submission implicit data: Information gathered from website activity. Always keep an eye on the open rates, click-through rates, and conversions of your emails.

The open and click are two crucial activities to consider when improving your email. Your email Information pushing too hard is one common reason for low click-through rates. HubSpot defines marketing automation as  implicit data that is designed to automate marketing activities. In many marketing organisations, repetitive processes like emls, social networking, and other online actions must be automated. These tactics entail having members of your staff act as consultants and subject matter experts who can help clients whenever they need it.

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According to Crane et al, globalization (as defined in terms of the closer integration of economic activities) is particularly relevant for business ethics, and this is evident in three areas: culture, law, and ______________.

Answers

Business ethics are particularly affected by globalization as it relates to the deterritorialization of economic activity, and this is clear in three key areas: culture, law, and accountability.

How do culture and corporate ethics intersect?

Additionally, business ethics and culture entail that management and personnel must uphold moral principles in their interactions with clients from diverse cultures. One illustration would be a corporation that produces electrical products and has a branch in another nation where it also produces related products.

Which Seven Business Ethics Apply?

The subject of business ethics is dynamic. The twelve basic ethical values are: honesty, fairness, leadership, integrity, compassion, respect, responsibility, loyalty, observance of the law, openness, and consideration of the environment.

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What are the goals of a free market economy?

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The goal of a free market economy is to provide an environment that encourages and rewards innovation, growth, and wealth creation.

A free market economy is an economic system in which the market is allowed to determine prices, production, and distribution of goods and services based on the laws of supply and demand.

This system is designed to promote competition, reduce government interference, and increase the efficiency of resource allocation and production. The goal of a free market economy is to provide an environment that encourages and rewards innovation, growth, and wealth creation.

This system also encourages individuals to take responsibility for their own economic decisions, resulting in increased economic freedom. Ultimately, a free market economy seeks to maximize the welfare of individuals, businesses, and the overall economy.

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Based on the theory, (a rule of thumb) how many discount points are required to increase the percentage yield on a mortgage from 11% to 12%?

Answers

In theory, (a rule of thumb) 8 discount points are required to increase the percentage yield from 11% to 12% or any other 1-percentage point spread.

Every year in January, we send SSA-1099 tax forms to beneficiaries of Social Security. It displays the total benefits you got from us in the previous year so you can figure out how much Social Security income to include on your tax return and report to the Internal Revenue Service.Your employer (even if you no longer work there) is required to provide you with an IRS Form W-2, Wage and Tax Statement, by January 31 of every year, detailing your pay, tips, and other compensation from the previous year.

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Bart Software has 8.2 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 109.75 percent of par. a. What is the current yield on the bonds

Answers

The current yield on the bonds would be 7.47%. A bond's current yield expresses its annual coupon as a percentage of the market price and can be above or below par.

Calculation:

Given:

coupon bonds = 8.2%

coupon price =  109.75%

Hence,

Current yield = Annual coupon payment / coupon Price

Current yield = 82 / 1097.50 = 0.0747 or 7.47%

Why is Current Yield Important?

Conceptually, the current yield represents the bondholder's yield if the investment were to be held next year. A bond's current yield indicates the interest rate that a bond or other bond investment is actually paying. It is an important factor that determines the profitability of bonds. So the current yield is also how much an investor would get from holding the bond for year.

How do you measure current yields on bonds?

Current Yield on a Bond uses the market price of the bond instead of the face value to calculate the yield of the bond. It is calculated by dividing the annual coupon payment by the current market price.

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The bonds' current yield would be 7.47%. The current yield of a bond, which can be above or below par, indicates the annual coupon as a percentage of the market price.

How do you determine the current yields on bonds?

Current Yield on a Bond uses the market price of the bond instead of the face value to calculate the yield of the bond. It is calculated by dividing the annual coupon payment by the current market price.

Given:

coupon bonds = 8.2%

coupon price =  109.75%

Hence,

Current yield = Annual coupon payment / coupon Price

Current yield = 82 / 1097.50 = 0.0747 or 7.47%

How Important Is Current Yield?

The current yield conceptually represents the bondholder's yield if the investment were held for the following year. The interest rate that a bond or other bond investment is actually paying is indicated by the bond's current yield. It has a significant role in determining how profitable bonds are. The annual return on a bond that an investor holds for a year is also included in the current yield.

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On March 2, 2021, Finch City issued ten-year general obligation bonds at face value, with interest payable on March 1 and September 1. The proceeds were to be used to finance the construction of a civic center over the period April 1, 2021, to March 31, 2022. During the fiscal year ended June 30, 2021, no resources had been provided to the debt service fund for the payment of principal and interest. On June 30, 2021, Finch’s debt service fund should include interest payable on the general obligation bonds for __________.

Answers

Answer:

zero ( 0 ) months

Explanation:

Finch's debt service funs should include interest payable on the general obligation Bonds for zero ( 0 ) months

Given that the general obligation bond was issued on March 2 2021 the interest payable on March 1 2021 will not be Included on June 30 2021 Finch's debt service fund. since that date marks the end of the fiscal year ( 2021 ) and the bond was issued beyond that date and no resource have been provided as well.

What is one reason why command economies may not work?

Answers

Disadvantages of command economies include a lack of competition, which can lead to a lack of invention and effectiveness.

In a command frugality, government-possessed directors aren't allowed to go out of business, so they have little inclination to produce quality products at low cost. Since private individuals couldn't enjoy the means of product, they had no inclination to search for better ways of serving consumers' wants and desires.

The government decides about the command economies the means of product and owns the diligence to produce goods and services for the public. The government prices and produces goods and services that it thinks to benefit the people.

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How does a command economy differ from a mixed market economy How does a command economy differ from a mixed market economy?

Answers

In general, the command of the economy is held by the government. However, in a mixed market, some of the economic commands are held by the government and some are held by the free market economy without any government intervention.

In economic and business, A mixed market or also known as mixed economy generally can be defined as one that incorporates the principles of a capitalist free market to allow for private economic freedoms. Mixed market has a principle that attempts to compensate negative effects of economic freedom to ensure or improve the social good. One of the benefit from mixed market is that each companies will compete for creating better products or services for consumers.

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Ownership passes to the buyer when the public carrier accepts the goods if the goods are shipped
a. FOB shipping point.
b. FOB destination.
c. FOB shipper.
d. FOB buyer.

Answers

FBO shipping point Ownership passes to the buyer when the public carrier accepts the goods if the goods are shipped.

Hence, Option A is correct

When goods are delivered to the point of origin under an FOB shipping point agreement, ownership is changed from the seller to the buyer. Once the goods arrive at the shipping point, the buyer becomes the owner and is responsible for them throughout the journey.

FOB destination, on the other hand, places the onus of delivery on the seller. "Free on board" is referred to as FOB in the shipping industry. Whenever a shipment of goods departs the seller's warehouse when it is marked FOB (the seller's location), the seller records the sale as complete. In transit to its warehouse, the product belongs to the buyer, who is also responsible for any delivery fees. Any document through which ownership rights are transferred, such as a sale deed, is a document that grants

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What are the three most important insurances?

Answers

The three most important insurances are health insurance, life insurance, and auto insurance.

Health insurance is important to ensure that medical expenses are covered in the event of an illness or injury. It can also provide access to preventive care, such as routine check-ups and screenings, which can help catch potential health issues before they become serious.

Life insurance provides financial protection for beneficiaries in the event of the insured person's death. It can help ensure that the beneficiaries will have enough money to cover funeral costs, unpaid medical bills, and other expenses.

Auto insurance is important to have in case of an accident. It can cover costs related to repairs, medical bills, and other expenses. It can also provide protection in the event of a lawsuit, should another party be injured in the accident.

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What factors do you think result in the relationship between neighborhood demographics and the cost of an overdraft fee

Answers

The number of residents in the area is one of the criteria that determines how much an overdraft fee will cost in relation to the neighborhood demographics.

What do the terms neighborhood demographics and overdraft fee mean?

Neighborhood demographics are details on the people who live in a certain state, city, or town.

The service fees that banks charge clients who use their overdraft service are referred to as "overdraft fees" in this context.

The overdraft fees levied by various banks in a given area may vary depending on the number of bank customers present.

Due to the number advantage, the overdraft fee may be set at a low price if there are numerous bank customers in the area.

Therefore, the relationship between neighborhood demographics and the cost of an overdraft fee depends on the local population.

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when a customer comes in looking for a certain item and you cant find it they become upset. they say they need it today and dont have time to drive around looking for it

Answers

The salesperson should attempt to ascertain the client's purpose for purchasing the item and provide an available substitute; the least likely course of action is to disregard the customer's wants and move on to helping the next customer.

Salesperson:

A salesperson is someone who is in charge of dealing with customers and ensuring that they receive assistance in choosing the products they wish to buy. An excellent salesperson works tirelessly to provide the goods to the customer and ensure that they are happy with their purchase. Therefore, the salesperson should pay attention to the demands of one consumer at a time.

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Which one of the following is not a reason a company decides to enter foreign markets?
A. To spread business risk across a wider geographic market base
B. To capitalize on company competencies and capabilities
C. To achieve lower costs and enhance the firm's competitiveness
D. To build the profit sanctuaries necessary to wage guerrilla offensives against global challengers endeavoring to invade its home market
E. To gain access to more buyers for the company's products/services

Answers

To spread business risk across a wider geographic market base is not a reason a company decides to enter foreign markets.

Why do businesses choose to enter a foreign market?

Increasing customer base, sales, and money are the three main reasons why businesses expand internationally. Your business gains access to customers who weren't previously on your radar by entering a new country. to take advantage of scale-related cost savings in product development, production, or marketing. Increase your turnover. Increasing your revenue and lowering your risks can both be accomplished by going global. Exporting, licensing, partnering, acquisition, and greenfield ventures are the most popular methods of entering international markets.

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Output Quantity Produced in 2019 Prices in 2019 Quantity Produced in 2020 Prices in 2020 Chocolate 15,000,000 bars $1.00 per bar 15,000,000 bars $1.75 per bar ________ 4. Refer to Table 2. Based on this information, we can conclude that the production of chocolate: A. increased both nominal and real GDP from the previous year. B. increased nominal GDP from the previous year, but real GDP was unaffected. C. increased real GDP from the previous year, but nominal GDP was unaffected. D. decreased nominal GDP from the previous year, but real GDP was unaffected. E. did not change either nominal or real GDP from the previous year. F. decreased both nominal and real GDP from the previous year.

Answers

The correct option is 2. The production is the same in both years but the price increased so the real GDP is unaffected by the nominal GDP increase from the previous year.

Gross home product (GDP) is a monetary degree of the market cost of all the final items and services produced and offered (no longer resold) in a particular term by way of nations. due to its complex and subjective nature, this measure is frequently revised before being taken into consideration as a reliable indicator. GDP (nominal) per capita does now not, but, reflects differences in the price of residing and the inflation costs of the nations; therefore, the usage of a basis of GDP per capita at purchasing energy parity (PPP) can be extra useful while evaluating residing requirements among nations, while nominal GDP is more beneficial evaluating national economies at the global market.

Overall GDP can also be damaged down to the contribution of every enterprise or quarter of the financial system. The ratio of GDP to the full populace of the place is the in keeping with capita GDP (also referred to as the suggest fashionable of dwelling).

GDP definitions are maintained by some countrywide and worldwide financial organizations. The agency for monetary Co-operation and improvement (OECD) defines GDP as "a mixture degree of production equal to the sum of the gross values brought of all resident and institutional devices engaged in production and services (plus any taxes, and minus any subsidies, on products now not included in the fee in their outputs)".

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How do I legally reject a rental application in California?

Answers

Landlords must follow a specific procedure when dismissing a rental application. They must first send a written notification explaining the basis for the denial to the applicant.

What is rental application ?

A form known as a rental application is used to gather basic data from prospective tenants. All tenants' information, including previous addresses, tax identification numbers, and monthly income, is requested in the application.

Is a rental application necessary and why?

An essential instrument for screening tenants is the rental application. It guarantees the tenant's interest on the most fundamental basis. Second, the application gives you the chance to check your income and ask crucial questions for tenant screening.

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The number one characteristic shared by successful entrepreneurs is ________. Group of answer choices a desire to achieve financial rewards a desire to employ other people a desire to bring a revolutionary new product or service to market a desire to fulfill a lifetime dream a passion for the business

Answers

The number one characteristic shared by successful entrepreneurs is a passion for the business. Thus, option (e) can be considered as corrrect.

Who is regarded as an entrepreneur?

A person who starts and/or invests in one or more businesses, assuming the most of the risks and earning the majority of the rewards, is referred to as an entrepreneur. Starting a firm is referred to as "entrepreneurship." The entrepreneur is generally seen as an inventor who develops new ideas for goods, services, business methods, and so forth. The process of creating or removing economic value is referred to as entrepreneurship. In accordance to this definition, entrepreneurship is change that frequently involves greater risk than is common when starting a business and may also involve values other than just financial ones.

In the study of economics, an individual or organisation with the capacity to transform discoveries or technological advancements into goods and services is referred to as an entrepreneur. In this sense, entrepreneurship refers to business-related actions undertaken by both existing companies and start-ups.

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Aldi, a discount supermarket retailer, has grown from its German base to the rest of Europe, Australia, and the United States by replicating a simple business format. Aldi limits the number of products in each category to ensure product turn, to ease stocking shelves, and to increase its power over supplier. This is an example of an overall cost leadership strategy because it
Select one:
a. gives them competitive advantage by tight cost and overhead control.
b. gives them competitive advantage by decreasing productivity.
c. eliminates the need to compete based on its products.
d. requires the customer to recognize its efforts.

Answers

Being the lowest-cost provider of a good, process, or commodity is a business-level tactic used by businesses looking to gain an edge over rivals.

Why is cost leadership a good strategy?

Cost leadership is a business approach used by businesses looking to achieve a competitive edge by producing goods, services, or processes at the lowest possible cost.

A company that employs a cost leadership strategy provides a wide range of clients with goods and services at competitive prices that are of acceptable quality and feature-richness. For instance, Super Shoes offers name-brand footwear at low costs. The Little Debbie snack cakes are yet another such.

The cost leadership approach is crucial because it enables companies to create goods at a lower cost and sell them for less money than rivals, giving them an edge over rivals.

Therefore, the correct answer is option a) gives them competitive advantage by tight cost and overhead control.

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Option (a), which gives them a competitive advantage through tight cost and overhead control, is the correct response.

Why is cost leadership a successful approach?

Businesses that want to gain a competitive advantage by producing goods, services, or processes at the lowest possible cost use a strategy known as cost leadership.

A company that takes a cost leadership approach sells goods and services to a wide range of customers at prices that are competitive and of acceptable quality and feature richness. For instance, Super Shoes sells footwear from well-known brands at low prices. Another example of this kind is the Little Debbie snack cakes. Companies gain an advantage over rivals by using the cost leadership strategy, which enables them to produce goods at lower costs and sell them for less money.

Therefore, option a, which gives them a competitive advantage through tight cost and overhead control, is the correct response.

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The right hemisphere of the brain is better at ____________tasks, whereas the left hemisphere is better at ___________tasks. a. a) Mathematical; spatial b. b) Nonverbal; verbal c. c) Analytic; holistic d. d) Visual; auditor

Answers

When it comes to expressive tasks, the right hemisphere of the brain excels while the left hemisphere excels in creative ones.

What does the right hemisphere excel in more than the left?

According to a widely accepted idea, depending on which side is predominate, persons can be classified as either having left- or right-brained personalities. According to popular belief, right-brained people are more creative while left-brained persons are more reasonable.

What are the strengths of right brain thinkers?

They are frequently characterized as being more creative, intuitive, and emotional. They are frequently characterized as succeeding in fields requiring creative expression and independent thought, such as becoming writers, psychologists, or artists.

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Which city-states had democracy?

Answers

Answer:

the city states are, Athens, Sparta, Thebes, Corinth, and Delphi.

Explanation:

What is the difference between a secured and unsecured?

Answers

Secured loans require you to put up a valuable item as security in the event that you are unable to pay back the loan, whilst unsecured loans allow you to borrow the full amount.

secured loan definition.

Loans that must be secured by some sort of collateral, whether for company or for personal use, are known as secured loans. When making large loans or loans when the credit score is insufficient to qualify for an unsecured loan or when the money is being used to buy a specific asset, a bank or lender may ask for collateral. Due to the reduced risk that secured loans pose to lenders, they may qualify borrowers for cheaper interest rates. However, some varieties of secured loans, such as short-term installment loans and personal loans for people with bad credit,

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Every economy must answer each of the following questions except one. Which is the exception?
-Why are these particular goods produced?
-Which goods will be produced?
- Who will actually consume the goods produced?
-Which resources should be used?

Answers

In a pure command economy, there is no personal sector, as the central government owns or controls all business.

In a command economy, government officials set countrywide economic priorities, such as how and when to generate economic growth, how to allocate resources, and how to distribute the output.

What are the three most frequent economic systems quizlet?

The three fundamental kinds of financial systems are traditional, command, and market. Traditional financial system is based on customs and beliefs.

Command economy has government leaders controlling elements of production. Market authorities has humans making decisions themselves. .

-Why are these particular goods produced?

Points on the PPF show all the combinations of two goods that can

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psychographics is considered to be a measure of consumers' ______.

Answers

Psychographics is considered to be a measure of consumers' lifestyles.

The psychological and cognitive characteristics of a consumer known as psychographics reflect their views, values, and ambitions. Psychographics and demographic data are combined in marketing to better understand and target consumers' buying patterns.

An individual's or group's attitudes, routines, and interests can be uniquely described by a psychographic profile. You can identify the people who would be most open to your organization's offering by looking at a group of consumer values and habits.

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According to _____, people measure outcomes such as pay in terms of their inputs.
A. expectancy theory
B. equity theory
C. retributive justice theory
D. progressive justice theory
E. economic theory

Answers

Answer:

A is the correct answer I am sorry

________ is the art and science of choosing target markets and building profitable relationships with them.

Answers

Marketing management, The art and science of selecting target audiences and forging lucrative connections with them are known as marketing management.

The main goals of marketing management are to develop, plan, and implement strategies that will aid in achieving more general corporate goals. These corporate goals may include expanding into unexplored areas, generating earnings, or raising brand recognition. It's important to look to marketing experts Philip Kotler and Kevin Lane Keller when we start thinking about the field of marketing management. In their book "Marketing Management," they provide a common definition of marketing management as "the development, design, and implementation of marketing programmes, processes, and activities that recognise the breadth and interdependencies of the business environment." These specialists must thoroughly comprehend the techniques and approaches that keep and delight clients, do in-depth research on them, and actively participate in performance evaluation and process improvement.

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Which of the following would be a consequence in an economy where there is no money?
a. There would be no way to save for the future.
b. There would be no way to borrow.
c. Exchanges would occur more quickly.
d. There would be no more exchange.
e. Exchanges would take longer.

Answers

Exchange is facilitated by money, increasing specialization and production.

Which of the following will lead to a reduction in the money supply in the economy?

The bank collects a borrower's cash when they are repaying a loan. When no new loans are made using this currency, the money supply decreases.

Which of the following functions of money is the most crucial?

a means of exchange.

As a means of exchange for transactions, money serves the most crucial purpose. Without money, all transactions would need to be made through barter, which entails a direct trade in one commodity or service for another.

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Other Questions
Describe a sequence of transformation that maps triangle DOG onto triangle CAT Animation today uses far fewer frames per second than early animationO TrueO False Plzz help me Well Mark Brainliest if correct!, The individuals of this population mate randomly and never move (i.e., there is no migration into or out of the population), and mutation also does not occur. Each couple has two children and the parents die after having their second child, so the population size does not change. Answer the questions about this population after the parents have had both children and are dead. Which is true about the next generation of this population?A. The genotypic frequencies will remain the same as they were in the parent population.B. The genotypic frequencies will be double of what they were in the parent population.C. The allele frequencies will be double what they were in the parent population.D. The allele frequencies will remain the same as they were in the parent population.E. Both genotypic and allele frequencies will remain the same as they were in the parent population. What is the difference between getting energy from cellular respiration and getting energy from a log by burning it? At which points are the equations y = x2 3x 2 and y = 2x 3 approximately equal? During this stage of team formation and function, there may be conflict when individuals realize the responsibility of their role.performingstormingformingnorming Krause Industries balance sheet at December 31, 2016, is presented below.KRAUSE INDUSTRIESBalance SheetDecember 31, 2016AssetsCurrent AssetsCash $7,500Accounts receivable 73,500Finished goods inventory (1,500 units) 26,050Total current assets 107,050Property, Plant, and EquipmentEquipment $40,430Less: Accumulated depreciation 10,090 30,340Total assets $137,390LSales budget (8,000 units at $32) $76,800 $256,000Direct materials used 13,570 62,500Direct labor 12,500 50,900Manufacturing overhead applied 10,000 49,270Selling and administrative expenses 16,660 75,000To meet sales requirements and to have 2,500 units of finished goods on hand at December 31, 2017, the production budget shows 9,000 required units of output. The total unit cost of production is expected to be $18. Krause uses the first-in, first-out (FIFO) inventory costing method. Interest expense is expected to be $3,500 for the year. Income taxes are expected to be 40% of income before income taxes. In 2017, the company expects to declare and pay an $10,560 cash dividend.The companys cash budget shows an expected cash balance of $5,880 at December 31, 2017. All sales and purchases are on account. It is expected that 60% of quarterly sales are collected in cash within the quarter and the remainder is collected in the following quarter. Direct materials purchased from suppliers are paid 50% in the quarter incurred and the remainder in the following quarter. Purchases in the fourth quarter were the same as the materials used. In 2017, the company expects to purchase additional equipment costing $11,900. $9,437 of depreciation expense on equipment is included in the budget data and split equally between manufacturing overhead and selling and administrative expenses. Krause expects to pay $9,260 on the outstanding notes payable balance plus all interest due and payable to December 31 (included in interest expense $3,500, above). Accounts payable at December 31, 2017, includes amounts due suppliers (see above) plus other accounts payable of $8,250. Unpaid income taxes at December 31 will be $7,860.(a) Prepare a budgeted statement of cost of goods sold.KRAUSE INDUSTRIESBudgeted Cost of Goods SoldFor the Quarter Ending December 31, 2017For the Year Ending December 31, 2017December 31, 2017Cost of Goods ManufacturedManufacturing Overhead AppliedCost of Goods Available For SaleDirect Materials UsedIncome Tax ExpenseNet Income / (Loss)Selling and Administrative ExpensesSalesInterest ExpenseCost of Goods SoldFinished Goods Inventory, 1/1/17Finished Goods Inventory, 12/31/17Direct Labor $Cost of Goods ManufacturedCost of Goods Available For SaleFinished Goods Inventory, 1/1/17Selling and Administrative ExpensesCost of Goods SoldFinished Goods Inventory, 12/31/17Direct Materials UsedDirect LaborManufacturing Overhead AppliedIncome Tax ExpenseInterest ExpenseNet Income / (Loss)SalesCost of Goods Available For Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods Inventory, 12/31/17 Finished Goods Inventory, 1/1/17 Direct Materials Used Direct Labor Manufacturing Overhead Applied Income Tax Expense Interest Expense Net Income / (Loss) Sales Selling and Administrative Expenses $ Cost of Goods Manufactured Direct Materials Used Net Income / (Loss) Cost of Goods Available For Sale Manufacturing Overhead Applied Cost of Goods Sold Finished Goods Inventory, 12/31/17 Sales Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Direct Labor Income Tax Expense Interest ExpenseCost of Goods Sold Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Cost of Goods Available For Sale Finished Goods Inventory, 12/31/17 Direct Labor Direct Materials Used Income Tax Expense Manufacturing Overhead Applied Cost of Goods Manufactured Net Income / (Loss) Interest Expense SalesNet Income / (Loss)Direct Materials UsedDirect LaborManufacturing Overhead AppliedInterest ExpenseIncome Tax ExpenseSalesSelling and Administrative ExpensesCost of Goods SoldCost of Goods Available For SaleCost of Goods ManufacturedFinished Goods Inventory, 12/31/17Finished Goods Inventory, 1/1/17Cost of Goods Available For SaleCost of Goods ManufacturedNet Income / (Loss)SalesSelling and Administrative ExpensesManufacturing Overhead AppliedDirect Materials UsedFinished Goods Inventory, 1/1/17Cost of Goods SoldDirect LaborFinished Goods Inventory, 12/31/17Interest ExpenseIncome Tax ExpenseDirect LaborCost of Goods Available For SaleSelling and Administrative ExpensesNet Income / (Loss)Manufacturing Overhead AppliedCost of Goods SoldFinished Goods Inventory, 1/1/17Interest ExpenseIncome Tax ExpenseSalesDirect Materials UsedCost of Goods ManufacturedFinished Goods Inventory, 12/31/17 $ 30% of what number is 33.0 Find cos(a) in the triangle. How should you punctuate a restrictive modifier ? The electric field near the surface of Earth points downward and has a magnitude of 140 N/C. A. Compare the upward electric force on an electron with the downward gravitational force. (upward force / downward force)b. What magnitude charge should be placed on a penny of mass 6 g so that the electric force balances the weight of the penny near Earth's surface? Imagine you are stranded on a deserted island with 400 individuals. Once you and the others have built some shelters and taken stock of the island, how would you move forward What will be the length of the battery? y= -4(x+5)^2+4[tex]y=-4(x+5)^2+4[/tex] Important test and i have limited time so please hurry At the movies, my friend bought a drink and popcorn. The total cost of my friend's purchase was $15. The drink cost $6. Which equation represents the total cost of my friend's purchase, along with the cost of the popcorn?15 - 6 = p; p = 21p + 15 = 6; p = 96 + 15 = p; p = 21p = 15 - 6; p = 9 Based on the passage, an experimental feature that distinguishes the PAC technique from the classic calorimetry technique based on thermometers is that PAC: I need help ASAP with this problem. PLEASE HELPppppp will give brainly