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2 years ago

The following information is available for Ethtridge Manufacturing Company for the month ending July 31:

Business

1 answer:

babunello [35]2 years ago

5 0

Answer:

Statement of cost of goods manufactured

Work in process inventory, July 1 $316,400

Add: Cost of direct materials used in production $1,150,000

Direct labor $966,000

Total factory overhead $490,500

Total manufacturing cost incurred $2,606,500

Total manufacturing costs $2,922,900

Less: Work in process inventory, July 31 $355,500

Cost of goods manufactured $2,567,400

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Suppose a third firm enters the market. If they all don't cheat, then they split the profits three ways so that each firm gets 2

dmitriy555 [2]

Answer: Harder to sustain cooperation

Explanation:

When the number of firms in an oligopolistic market increases as is the case here, cooperation becomes harder because profits become smaller so companies start to become more selfish.

Also in this scenario, the cheating firm has the incentive to do so because the profit is so much higher than sharing so companies will always be looking to cheat in order to make this profit. The other firms would reply by reducing prices and all of them would suffer.

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2 years ago

Southeastern Bank organizes its loan operations based on the market served—consumer, small business, or nonprofit organizations.

bezimeni [28]

Answer:

customer group

Explanation:

Customer departmentalization is where the organization’s activities are ready to respond to and interact with specific customers or customer groups.

This organizational form is used when great emphasis is placed on effectively serving different customer types.

If Southeastern Bank organizes its loan operation based on customers group, this will allow Southeastern Bank to better serve borrowers with different needs by offering customized loan arrangements according to the customers preferences.

Advantages of customer departmentalization

Encourages concentration on customer needs.

Gives customers feeling that they have an understanding supplier (banker).

Develops expertness in the customer area.

Saves customers’ time.

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2 years ago

Which of the following affects employers’ decisions on how much to pay their workers? Maximizing costs

tresset_1 [31]

What affects employers’ decisions on how much to pay their workers is : Maximizing profits.

<h3>What is profit maximization?</h3>

Profit maximization can be defined as the way in which a company or an organization tend to determine the price level that enables them to maximize profit.

Every company or organization goals is to make profit based on this company that is determine to make profit must tend to make use of profit maximization approach.

Profit maximization is important as it can tend to lead to sustainable growth for companies which is why most companies make use of profit maximization strategy so as to make higher profit.

Therefore what affects employers’ decisions on how much to pay their workers is : Maximizing profits.

Learn more about Profit maximization here:brainly.com/question/15969466

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1 year ago

Pumpkin Inc. sold $500 in pumpkins to a customer on account on January 1. On January 11 Pumpkin collected the cash from that cus

Dennis_Churaev [7]

A no net effect to the accounting equation

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2 years ago

A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares

Norma-Jean [14]

Answer:

The total amount of the cash dividend is $7,125

Explanation:

The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.

Treasury shares are those shares that are bought back by the company that issued the shares.

Use the following formula to calculate the cash dividend

Cash Dividend = Numbers of outstanding shares x Dividend rate

Where

Numbers of outstanding shares = 9,500 shares

Dividend rate = $0.75 per share

Placing values in the formula

Cash Dividend = 9,500 x $0.75 per share

Cash Dividend = $7,125

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2 years ago