Marketing activities amount to about one-half of every dollar that consumers spend is true.
What is marketing?⇒ Marketing is the process of discovering, developing, and delivering value to satisfy the needs of a target market in terms of products and services. It may involve choosing a target audience, choosing particular qualities or themes to emphasize in advertising, running advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy. The seller, who is usually a manufacturer or merchant, is responsible for marketing.
It is one of the fundamental elements of business administration and trade. Marketers can target either customers directly or other businesses (B2B marketing) (B2C marketing).
To learn more about marketing , visit:
brainly.com/question/25369230
#SPJ4
recent corporate scandals that have shaken the public's faith in business leadership have brought increased attention to what area of leadership?
Recent corporate scandals that have shaken the public's faith in business leadership have brought increased attention to the Employee-focused leadership area of leadership.
People-centered leaders intentionally and consistently put people first. We encourage ideas, creativity, healthy communication, and innovation within our teams to retain the best employees and foster the support they need to achieve company-wide goals.
People-centered leadership styles emphasize interpersonal relationships and can be associated with a participatory approach in which leaders seek to involve others in the process, such as subordinates, peers, superiors, and other stakeholders. (Saiyadain, 2003).
Need coaching leadership style focused on subordinates. Managers need to be “submission-centric” rather than “manager-centric”. In other words, it's time to stop thinking about your men and about yourself and your own survival.
Learn more about leaders intentionally https://brainly.com/question/25927714
#SPJ4
the free cash flow to the firm is reported as $205 million. the interest expense to the firm is $22 million. if the tax rate is 35% and the net debt of the firm increased by $25 million, what is the approximate market value of the firm if the fcfe grows at 2% and the cost of equity is 11%? group of answer choices $2,998 billion $2,168 billion $2,445 billion $2,565 billion
The approximate market value of the firm is $2,444.6 billion, if FCFE grows at 2% and cost of equity is 11%.
What is market value?A resource's market value is the amount it would sell for in a competitive auction setting. Market value, fair value, and open market value are terms that are widely used synonymously, despite the fact that they have diverse meanings under various criteria and may differ in specific circumstances. Market value differs from market price in that the latter is "the price at which one can transact," but the former is, by theoretical definitions, "the genuine underlying value." The idea is most frequently used when markets are inefficient or when there is a state of disequilibrium and market prices do not accurately reflect the genuine worth of the market. Markets must be informationally efficient and dominated by rational expectations in order for price and value to be equal on the open market.
Market Value = ((215.7)1.02)0/ (11%-2%)
=$2,444.6
To learn more about market value, visit:
https://brainly.com/question/19131751
#SPJ4
Question 6(Multiple Choice Worth 4 points)
(02.08 LC)
Which type of professional would help the government determine where to set the price of oranges for U.S. markets?
O Consumers
O Economists
O Exporters
Importers
Answer:
Explanation:
Economists
a. span of control b. area of responsibility c. management depth d. hierarchy of authority e. span of direction
The span of management is the number of employees who directly report to a boss or leader (or span of management).
What is management's primary definition?The arrangement and coordination of actions to accomplish a goal is management. Establishing the creative mission and organizing staff efforts to achieve these goals while utilizing the resources at hand are example of these administrative functions.
What exactly do we mean by management?Write about management. Based on the concept of management, an individual or group of individuals must be questioned and managed in order to attain desired goals and objectives. Organizing, supervising, and directing people is another aspect of management.
To know more about management visit:
https://brainly.com/question/29023210
#SPJ4
harold owns an apple orchard in the state of washington. milo has permission to come onto the property and take apples to sell. this right is known as a(n) .
This right is known as a profit. A profit is the right to enter someone else's property and remove a portion of it or a product from it.
What is the right of profit?In the law of real property, a profit (short for profit-à-prendre in Middle French for "advantage or benefit for the taking") is a nonpossessory interest in land similar to the more well-known easement that grants the holder the right to take natural resources such as petroleum, minerals, timber, and wild game.
Which condition must be met in order to obtain a patent?It must be legal to use the invention (subject matter eligible) It must be a brand-new invention. There must be a use for the invention. It must not be a commonplace invention.
To know more about law of real property, visit:
brainly.com/question/12374755
#SPJ4
The cost of paying the person used to provide the service along with any needed equipment is known as the _______ cost
The cost of paying the person used to provide the service along with any needed equipment is known as the production cost.
What is production cost?
Production costs refer to all direct and indirect costs that a business incurs in producing a product or providing a service. Production costs include various costs such as: . Labor, raw materials, consumables for production, and general overhead.
Material costs vary greatly depending on many factors, including demand, availability, restrictions, transportation, storage, and economic location. Material prices affect production costs.
Why is production cost important?Production costs are an important factor that companies must consider when assessing their financial health. If the cost of producing a product is consistently higher than the profit, the company may stop production to meet budget.
Learn more about production cost:
brainly.com/question/27468665
#SPJ4
why do you think increasing economic growth and ensuring access to health care and quality education help to lower population growth and fertility rates?
Increased education also contributes positively to other factors that minimize fertility rates, such as greater use of contraception, better childhood fitness and women's participation in the workforce.
How does fertility price have an effect on population growth?Assuming no internet migration and unchanged mortality, a complete fertility charge of 2.1 youth per woman ensures a broadly stable population. Together with mortality and migration, fertility is an aspect of populace growth, reflecting each the motives and consequences of economic and social developments.
Why is it important to minimize fertility rate?The primary motive is simple: a discount in fertility costs would accelerate labor force growth relative to population growth.
Learn more about fertility rate here:
https://brainly.com/question/985712#SPJ4a retailer sells widgets for $15.00 after marking up 50% on wholesaler selling price. the wholesaler had sold the widgets to the retailer at a markup of 20% on the retailer's purchase price. in this instance, what is the manufacturer selling price?
In this instance, $8.00 is the manufacturer's selling price.
Whoseller selling price = Retailer sales price/ (1 + markup) = $15 / (1 + 0.50) = $10. Manufacturer selling price = Whoseller selling price - Whoseller selling price x 20% = $10 - $10 x 20%. Retailers who purchase goods in bulk from manufacturers pay a price known as wholesale. The goal of wholesale pricing is to turn a profit by offering products at a price over what it costs to produce them.
Retail price = Wholesale Price (1 - Markup%), where the markup percentage is the ideal percent of the wholesale price you add onto the costs to, and the wholesale price is the cost of the product from the manufacturer or supplier. This formula can be used to determine the markup percentage from wholesale to retail for any product.
To learn more about Selling prices visit: https://brainly.com/question/14144337
#SPJ4
taking an entry-level position makes it difficult to advance in a career you want to explore. true or false?
False. taking an entry-level position makes it difficult to advance in a career you want to explore.
What is an entry-level position?Jobs classified as entry level often call for little in the way of education, experience, or training. There are entry-level positions accessible in every sector. Some of these might demand advanced academic training, while others might call for specific abilities, information, or methods.
In a sense, an entry-level position serves as the company's beginning point. Because it involves less competence, it often pays less than a higher-level position. However, it can offer priceless training and job experience that will enable you to succeed in your industry in the future.
Read more on entry level position here:https://brainly.com/question/20487903
#SPJ1
why would a business choose to implement a business intelligence (bi) software system that their employees are already familiar with?
A business would choose to implement a business intelligence (BI) software system that their employees are already familiar with user familiarity will make the implementation easier and as seamless as possible.
What is a business intelligence BI system?Business intelligence systems combine data collection, data storage, knowledge management, and data analysis with data evaluation and transformation to assess and transform complex data into meaningful, actionable information.
However, for the four fundamental components of business intelligence, the data or the raw data, the data access, analytics, data access, and presentation. Three main components make up the business intelligence infrastructure, the reporting structure, set of extraction operations, and embedded analytics are all integrated right out of the box with the application.
To learn more about business intelligence systems, visit:
https://brainly.com/question/28166677
#SPJ1
a good job description for a salesperson a) should be somewhat vague in order to give salespeople some flexibility. b) has nothing to do with the selection of new salespeople. c) lists the specific tasks that salespeople are expected to do. d) should not be used as a basis for performance evaluation. e) takes a personal commission for every sale made.
Takes a personal commission for each of the transaction made is a decent job profile for a salesperson.
What is a salesperson's job?Simply put, a salesperson builds a company's reputation while promoting its products or services. They manage customer relationships and serve as the main point of contact from the alpha wave outreach to the actual transaction.
What are the fundamentals of selling?Turning an opposition into an opportunity is one of the fundamental sales talents you need to learn. Strong salespeople can understand a prospect's concerns, probe further, and provide clarification to help this same prospect get past their reservations.
To konw more about salesperson visit:
https://brainly.com/question/14704056
#SPJ4
Which country has an absolute advantage for producing books?
units of books produced per hour per worker units of bags produced per hour per worker
singapore 10 5
china 8 9
russia 7 7
spain 5 8
a. china
b. russia
c. singapore
d. spain
The correct answer is C) "Singapore"
An absolute advantage takes place when a firm or company is able to produce a good or service at a lower cost per unit than any other. It is able to generate a larger number of product units with the same amount of inputs than other producers, and therefore its production process is the most efficient one.
In the example, Singapore is able to produce the largest amount of book units given the same amount of inputs that the other countries. Therefore, its production system is the most efficient and it is the country that holds the absolute advantage.
Learn more about Singapore here https://brainly.com/question/25773221
#SPJ4
question content area the adjusting entry to journalize the amortization of a discount on bonds payable includes a
The adjusting entry to journalize the amortization of a discount on bonds payable includes a debit Interest expense, credit discount on Bonds Payable.
What do you mean by a Credit Discount?
Discount credit is a technique for realising receivables in order to deal with cash flow shortages caused by the payment terms given by businesses to their customers. The bank pays the amount corresponding to a commercial paper before its due date, after deducting a fee proportionate to the value of the commercial paper (or bill), the time remaining until maturity, and the given discount rate. Bills of exchange, commercial papers, promissory notes, and, in some cases, warrants are examples of discountable bills.
Because of the administrative burden associated with discount credit, it is rarely used, and factoring is preferred instead.
So, the required answer is debit interest expense, credit discount on Bonds Payable.
To learn more about Credit Discount:
https://brainly.com/question/2264363
#SPJ4
A manager is using the organization’s erp software to generate a report that links its human resources data to its overall financial performance. What is one type of hr data that the erp accounting module could factor into this report?.
The employees payroll and benefits is one of the type of hr data that the erp accounting module could factor into this report.
What is meant by human resources data ?A data-driven method of managing employees at work is called HR analytics. HR analytics, sometimes referred to as people analytics, workforce analytics, or talent analytics, focuses on using data to analyze people issues in order to provide important organizational insights. This makes it possible to make smarter, data-driven decisions.
It can be used to gauge employee performance, welfare, and inclusion and diversity for both internal and external stakeholders. Find out more about workforce planning. It makes it possible to make more sensible, fact-based judgments about enhancing employee wellbeing and organizational performance.
Read more on human resources here: https://brainly.com/question/10583893
#SPJ1
which organization, representing 90 percent of the world economy, aims to bring greater stability to the global financial system?
The G-20 organization, which represents 90% of the global economy, seeks to increase the stability of the international financial system.
What do you mean by G-20?⇒ The Group of Twenty, or G20, is an intergovernmental organization made up of the European Union and 19 other nations (EU). It strives to address important global economic concerns like international financial stability, reducing greenhouse gas emissions, and sustainable development. The majority of the world's top economies, both industrialized and developing countries, make up the G20, which represents two-thirds of the world's population, 60% of its land area, and about 80% of global trade.
In 1999, the G20 was established in response to various global economic problems.
Since 2008, it has met at least once year, with summits attended by the heads of state or government of each member, as well as the foreign and finance ministers and other top officials,
To learn more about G-20,visit:
brainly.com/question/1539634
#SPJ4
identify the following as either causes or effects of domestication. keep in mind that some choices might be both causes and effects.
The causes of domestication are:
Natural climate change
Population growth
What does domestication mean in business?Domesticating a business includes relocating an established business to a new state. Domestication is the process of changing your company's residence and charter to a different state. When a company organization gets domesticated, its prior location is given up in favor of a new one in a state that permits it.
Domestication permits the business to keep its original date of incorporation, its current federal tax identification number, bank accounts, licenses, and lines of credit. Domestication is the process by which a business or nonprofit entity that is established, organized, or otherwise constituted under the laws of one jurisdiction (U.S. state or foreign country), transfers its domicile to another jurisdiction through merger, consolidation, or any other legitimate way.
The effects of domestication are:
Development of cities
Population growth
To learn more about consolidation, visit:
https://brainly.com/question/28290315
#SPJ1
for love or money? factors associated with the choice between couple-based versus individual financial coaching
Factors associated with the choice between couple-based versus individual financial coaching is gender, age, and satisfaction with one's relationship.
What is financial coaching?
A financial coach is someone who is qualified (and trusted) to examine your finances and find ways for you to manage your money more effectively. Instead of making decisions for you, they'll put more of an emphasis on educating you about money management so you can feel more confident about achieving your financial objectives.
The majority of participants said they preferred couples' financial counselling over one-on-one advice. The likelihood of choosing couples therapy was largely influenced by factors like gender, age, and relationship satisfaction.
To learn more about financial coaching visit:https://brainly.com/question/16395622
#SPJ4
true or false? under securities and exchange commission rules interal controls over financial reporting
True. Under Securities and Exchange Commission (SEC) rules, internal controls over financial reporting (ICFR) are processes that provide reasonable assurance that an organization's financial reports are reliable.
Explain the Internal control over financial reporting?Internal control over financial reporting (ICFR or ICOFR) is a set of rules and processes that a firm uses to analyse the risk associated with its financial statements and to give reasonable confidence that those financial statements are accurate.The controls known as ICFR were created expressly to mitigate risks associated with financial reporting. The controls created to offer a reasonable level of assurance that the business's financial statements are accurate and produced in compliance with GAAP make up an ICFR for a public corporation.The rules and processes a company adopts to ensure the orderly and efficient operation of its business, including adherence to its policies, asset protection, the prevention and detection of frauds and mistakes, and the accuracy of its financial reporting, are known as internal financial controls.Learn more about Securities and Exchange Commission refer to :
https://brainly.com/question/9089676
#SPJ4
you have a portfolio that is invested 13 percent in stock a, 52 percent in stock b, and 35 percent in stock c. the betas of the stocks are .82, 1.37, and 1.66, respectively. what is the beta of the portfolio?
The sensitivity of a whole portfolio to market changes
Beta is a measure of a security's or portfolio's volatility (or systematic risk) in comparison to the market as a whole. Because a portfolio is made up of several stock holdings, the algorithms used to determine beta for each will change.
The beta of a portfolio is calculated by multiplying the weight of each asset by its beta.
So the portfolio's beta is: P = 0.13(0.82) + 0.52(1.37) +.25(1.22) + 0.35 (1.66) βP = 1.705
Beta portfolio calculation technique:Beta may be computed by first dividing the standard deviation of returns for the security by the standard deviation of returns for the benchmark. The resultant number is multiplied by the correlation between the returns of the security and the returns of the benchmark.
To learn more about Beta Portfolio refer: https://brainly.com/question/15683560
#SPJ4
The Italian word for a case designed to hold loose papers is where the word "portfolio" originally came from. The portfolio's beta is: 1.705.
What is meant by portfolio?A portfolio is a collection of written work from school and the workplace that serves as evidence of your values, abilities, and background. Your personality and work ethics are revealed.
Consider a portfolio as a mental construct rather than a tangible container. The word "portfolio" is derived from the Italian word for a case intended to hold loose papers. It serves as an abstract term to describe collections of investment assets.
You can keep a personal record of your achievements or growth in a variety of areas with the help of portfolios. For the advancement of your own career, they are crucial and pertinent. A collection of pertinent work samples and papers that you gathered throughout your academic career and organized into a personal portfolio.
The weight of each asset multiplied by the beta of each asset results in the beta of a portfolio. Consequently, the portfolio's beta is:
βP = 0.13(0.82) + 0.52(1.37) + .25(1.22) + 0.35(1.66)
βP = 1.705
Therefore, the portfolio's beta is: 1.705.
To learn more about portfolio's refer to:
https://brainly.com/question/14986133
#SPJ4
5. Which option defines a tax benefit? (1 point)
A. a type of tax form that needs to be completed each year.
B. some type of savings for taxpayers
C. a government loan
D. a government bond affiliated to tax collection
Option D. a government bond affiliated to tax collection defines a tax benefit.
The required details about tax collection is mentioned in below paragraph.
Tax collections way all bills obtained on or with admire to the Included Leases or the associated Equipment which are Excluded Amounts on account of any taxes, expenses or different prices imposed through any Governmental Authority.In order to garner profits for the authorities to finance social projects, tax is amassed from people and businesses via direct tax and oblique tax. These tax collections shape the authorities's sales. Revenue receipts may be of types — non-tax sales and tax sales.Collecting taxes and expenses is a essential manner for countries to generate public sales that make it viable to finance investments in human capital, infrastructure, and the availability of offerings for residents and businesses.
To learn about tax collection visit here.
https://brainly.com/question/1082765
#SPJ1
Answer: some type of savings for taxpayers
Explanation:
Excess capacity is best described as underused plant resources that are a result of ______. Multiple choice question. A concentration of industry competitiveness combined with an increase in market share a firm producing less output than what is associated with achieving minimum average total cost a firm distinguishing its products through design, related services, quality, or price an industry in which the top four firms are monopolistically competitive
Excess capacity is best described as underused plant resources that are a result of a firm producing less output than what is associated with achieving the minimum average total cost a firm distinguishing its products through design.
In normal language, a mean is an unmarried wide variety taken as a consultant of a listing of numbers, commonly the sum of the numbers divided by way of what number of numbers are within the list (the arithmetic suggest). for example, the average of the numbers 2, three, 4, 7, and nine (summing to twenty-five) is 5. relying at the context, a mean is probably some other statistic together with the median, or mode. for example, the average private earnings is often given as the median—the range below which are 50% of personal incomes and above that are 50% of personal earning—due to the fact the mean would be misleadingly high by along with non-public incomes from some billionaires.
Learn more about average here
https://brainly.com/question/1136789
#SPJ4
a business corporation that acts to ensure its employees are treated fairly and its operations minimally impact the environment is applying the concept of
Corporate social responsibility is the practice of a business organization to guarantee that its workers are treated properly and that its operations have the least possible negative environmental effects.
What exactly does corporate social responsibility mean for a business?Corporate social responsibility (CSR) advocates for companies to consider how their actions may impact society and the environment.
The contribution that a firm provides to society's well-being is referred to as "corporate social responsibility," a term that is now in use. The phrase "triple bottom line" is widely used in this context to allude to People, Planet, and Profit.
What advantages does corporate social responsibility provide for a company?CSR is crucial for a business's reputation, ability to attract customers, employees, and investors, as well as for keeping top talent on board and attaining overall economic success. A company could engage in volunteer work, charitable work, ethical labor practices, and environmental activities, which are the four different CSR initiatives.
Learn more about Corporate social responsibility: https://brainly.com/question/13528806
#SPJ4
describe how the federal government's monetary policies, stock market speculation, and increasing consumer debt led to the great depression.
This resulted in stock market supposition and credit usage. By restricting (limiting) the money supply, the Reserve Bank tried to regulate these practices.
What is the stock market?
The term share market refers to a number of exchanges where shares of publicly traded companies can be bought and sold. Such economic activities are carried out through organized exchange and an over (OTC) marketplaces that follow a set of rules.
What is the best way to put money into the stock market?
One of the most straightforward methods is to create an online brokerage and purchase stocks or equity investments. If you aren't comfy with all of that, you can hire a professional to handle your portfolio for a fee.
To know more about Stock market visit:
https://brainly.com/question/13400473
#SPJ4
which of the following is an important advantage of discretionary monetary policy? question 10 options: avoiding the time inconsistency of policy problem limiting the opportunities for abuse of power by policymakers flexibility to deal with changing economic conditions influencing the political business cycle
Flexibility to deal with changing economic conditions influencing the political business cycle.
What is business cycle?Business cycles are intervals of expansion followed by recession in economic activity. These changes have implications for the welfare of the broad population as well as for private institutions. In essence, business cycles are marked by the alternation of the phases of expansion and contraction in aggregate economic activity, and the comovement among economic variables in each phase of the cycle. Aggregate economic activity is represented by not only real (i.e., inflation-adjusted) GDP—a measure of aggregate output—but also the aggregate measures of industrial production, employment, income, and sales, which are the key coincident economic indicators used for the official determination of U.S. business cycle peak and trough dates.to learn more about inflation refer to:
https://brainly.com/question/777738
#SPJ4
How did the world's per capita income and the degree of income inequality change between 1800 and 1980?
Per capita income expanded by approximately tenfold and income inequality increased. The boom in the stock market, the high interest rates offered on certificates of deposit and other similar assets.
The capita income property prices for much of the 1980s are all blamed for the increase in net worth of wealthy Americans. Since measurements started in 1915, there have been significant swings in income inequality, which peaked in the 1920s and then declined between 2007 and 2012 . From from 1979 to 2007, inequality climbed significantly, then somewhat decreased until 2016 before rising again from that year to 2018. From 12.90 in 2020 to 13.53 in 2021.
To learn more about inequality, click here.
https://brainly.com/question/28823603
#SPJ4
accounts used to accumulate information until it is transferred to the owner’s capital account.
true
false
True, Accounts used to accumulate information until it is transferred to the owner's capital account are called temporary accounts.
What exactly does "capital account" mean?
In accounting, the individual ownership rights of a company's owners are recorded in a capital account. The following elements make up the capital account, which is shown on the balance sheet: capital investments made by owners either at the time of the company's founding or later on, as needed by the enterprise.
Describe capital account with an example.
For instance, Susan would be the sole owner of the flower shop if she opened one, invested her own cash in it, and requested a bank loan to pay for rent. As a result, Susan, Capital Account would appear on the flower shop's balance sheet.
To know more about Capital account visit:
https://brainly.com/question/13275642
#SPJ4
when an organization bypasses the intermediaries and goes directly to the end users with their message, this approach is referred to as a(n
When an organization bypasses the intermediaries and goes directly to the end users with their message, this approach is referred to as a Pull Strategy.
What is a Pull Strategy?
The goal of the pull marketing strategy is to increase the number of consumers who want to purchase a specific good. To encourage stores to stock a product, it frequently involves persuading a buyer to actively seek it out.
This tactic normally works best when there is enough lead time for customers to compare options. This enables individuals to buy anything without feeling compelled to act quickly. Additionally, it means that businesses must persuade customers to purchase the promoted goods.
Customers will benefit since they won't have to accept whatever product is available elsewhere just because it is there.
A business can advertise a product via pull marketing before it is offered for sale. By producing fewer units before the product is released, companies are able to save money. When pull marketing is applied, the supply of a product will, in the best case scenario, be insufficient to meet demand.
To learn more on pull marketing strategy from the link:
https://brainly.com/question/29770891
#SPJ1
Making a good first impression is one of the most important components of an effective presentation.
a, true
b. false
Your audience's attention can be drawn in and held throughout your presentation if you make a strong initial impression. Yes, it does improve your standing as a speaker.
Presentation? Why do you bring that up?
Through a presentation, a speaker educates an audience. The typical goals of a presentation are to inform, persuade, inspire, motivate, encourage goodwill, or recommend a novel product or service. Speeches, introductions, seminars, and displays are all examples of presentations.
What makes presentations crucial?
When making interesting and entertaining slides to accompany their talks, students using presentation skills might come up with original ideas. The development of presentation tools can help students feel more confident and can make talks much more interesting.
To know more about presentation visit:
https://brainly.com/question/27776703
#SPJ4
which country has been devastated by the spilling of 9 million barrels of oil into its river system due to the poor environmental record of transnational oil corporations operating within its borders?
Nigeria has been devastated by the spilling of 9 million barrels of oil into its river system due to the poor environmental record of transnational oil corporations operating within its borders
Conflict in the Niger DeltaThe present Niger Delta conflict developed in the early 1990s as a result of conflicts between international oil firms and a number of the Niger Delta's minority ethnic groups, mainly the Ogoni and the Ijaw, who believe they are being exploited. Despite the restoration to democracy and the election of the Obasanjo administration in 1999, ethnic and political turmoil persisted throughout the 1990s. Struggle for oil revenue has spurred conflict between ethnic groups, forcing the militarization of practically the whole region by ethnic militia groups, Nigerian military and police units, particularly the Nigerian Mobile Police. The violence has contributed to Nigeria's ongoing energy supply issue by preventing foreign investment in new power production units in the region.
To learn more about Nigeria Conflict Refer:
https://brainly.com/question/6745851
#SPJ4
in the manufacture of 10,000 units of a product, direct materials cost incurred was $145,700, direct labor cost incurred was $85,000, and applied factory overhead was $47,500. what is the total conversion cost?
Conversion cost refers to all the costs of converting or turning raw materials into finished goods.The total conversion cost is $119,500.
How are the conversion costs determined? Simply summing up all direct labor costs and manufacturing overhead costs yields conversion costs.The labor costs that can be directly linked to a product are known as direct labor costs. Conversion cost refers to all the costs of converting or turning raw materials into finished goods. Conversion cost can therefore be obtained by deducting the cost of raw materials from the cost of production. This implies that conversion cost is the the addition of direct labor costs and manufacturing costs.Based on the above explanation, total conversion cost for this question can therefore be calculated as follows:
Total conversion cost =
Direct labor cost + Applied factory overhead
= $82,000 + $37,500 = $119,500
Therefore, the total conversion cost is $119,500.
To learn more about conversion cost refer
https://brainly.com/question/17035468
#SPJ4