Brief Exercise 6-02 Tamarisk, Inc. took a physical inventory on December 31 and determined that goods costing $190,000 were on h

Answer:

The correct choice is option B, which is $62,400.

Explanation:

First, we must calculate the sales generated by each joint product once sold after the split-off point:

Sales value for P = 20,000 * $2.20 = $44,000

Sales value for Q = 60,000 * $2.60 = $156,000

Overall total sales value = $200,000

Joint cost totals $80,000

Allocated joint cost to Q is calculated as follows: total joint cost * Q's sales value / total sales value

= $80,000 * 156,000 / 200,000 = $62,400

Of the total joint cost of $80,000 incurred for both products, Q receives an allocation of $62,400.

Response:

Clarification:

I apologize, but I only need points, sorry to trouble you; please ask someone else, sorry;)

Response: $1,110.

Explanation:

Data Provided: Revenue from concession stand sales on game day = $5,550

That is to say, Gross income = $5,550

Event profit = $3,330

Thus, Net income = $3,330

Using the Net income formula:

Gross income - expenses = Net income

Therefore, Expenses = Gross income - Net income

Thus, Expenses = $5,550 - $3,330

Thus, Expenses total $1,110.

Answer:

d. pertains to a firm's distinctive methods for creating additional value.

Explanation:

Competitive advantage refers to the edge a company has over its rivals. This can be achieved through various means such as providing value products, optimal quality, and excellent services that may entice customers away from competitors to their advantage.

The goal is to generate added value for the company's offerings, utilizing innovative concepts to attract customers and enhance satisfaction, ultimately leading to the fulfillment of corporate objectives.