JB
JUSTIN BRANCH
Answers (6)
JB
Answered
Bubba is a shrimp fisherman who could earn $5,000 as a fishing tour guide. Instead, he is a full-time shrimp fisherman. In calculating the economic profit of his shrimp business, the $5,000 that Bubba gave up is counted as part of the shrimp business's
A) total revenue.
B) explicit costs.
C) implicit costs.
D) marginal costs.
A) total revenue.
B) explicit costs.
C) implicit costs.
D) marginal costs.
On Jul 29, 2024
C
JB
Answered
The direct material quantity variance for March is:
A) $3,550 unfavourable.
B) $3,550 favourable.
C) $3,500 favourable.
D) $3,500 unfavourable.
A) $3,550 unfavourable.
B) $3,550 favourable.
C) $3,500 favourable.
D) $3,500 unfavourable.
On Jul 27, 2024
D
JB
Answered
To obtain the dollar sales volume necessary to attain a given target profit, which of the following formulas should be used?
A) (Fixed expenses + Target net profit) /Total contribution margin
B) (Fixed expenses + Target net profit) /Contribution margin ratio
C) Fixed expenses/Contribution margin per unit
D) Target net profit/Contribution margin ratio
A) (Fixed expenses + Target net profit) /Total contribution margin
B) (Fixed expenses + Target net profit) /Contribution margin ratio
C) Fixed expenses/Contribution margin per unit
D) Target net profit/Contribution margin ratio
On Jun 28, 2024
B
JB
Answered
The going concern assumption assumes that the business
A) will be liquidated in the near future.
B) will be purchased by another business.
C) is in a growth industry.
D) will remain in operation for the foreseeable future.
A) will be liquidated in the near future.
B) will be purchased by another business.
C) is in a growth industry.
D) will remain in operation for the foreseeable future.
On Jun 27, 2024
D
JB
Answered
Needs are ____ deficiencies that a person experiences at a particular time.
A) psychological
B) physiological
C) social
D) all of these types of deficiencies may characterize needs
A) psychological
B) physiological
C) social
D) all of these types of deficiencies may characterize needs
On May 29, 2024
D
JB
Answered
Does gift exchange amount to bribery?
On May 28, 2024
Americans who witness a gift exchange in another country may suspect bribery, but this tradition of exchanging gifts goes back to ancient times. Although gift exchange does exist in the Western world, the sense of obligation related to it is not nearly as strong. This tradition is related to the concept of the inner circle, as the gift exchange is often the rite of passage into that circle.