Problem 7-37 the new england cheese company produces two cheese spreads by blending mild cheddar cheese with extra sharp cheddar cheese. the cheese spreads are packaged in 12-ounce containers, which are then sold to distributors throughout the northeast. the regular blend contains 80% mild cheddar and 20% extra sharp, and the zesty blend contains 60% mild cheddar and 40% extra sharp. this year, a local dairy co-operative offered to provide up to 8100 pounds of mild cheddar cheese for $1.20 per pound and up to 3000 pounds of extra sharp cheddar cheese for $1.40 per pound. the cost to blend and package the cheese spreads, excluding the cost of the cheese, is $0.20 per container. if each container of regular is sold for $1.95 and each container of pesto is sold for $2.20, how many containers of regular and zesty should new england cheese produce

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak