Answer:
($16,500)
Explanation:
Calculation to determine The annual financial advantage (disadvantage) for the company of eliminating this department would be
First step is calculate the Avoidable fixed costs
Avoidable fixed costs = $66,000 − $16,500
Avoidable fixed costs = $49,500
Now let determine Segment Margin
Contribution Margin $33,000
Less Avoidable fixed costs $49,500
Segment Margin ($16,500)
Therefore The annual (disadvantage) for the company of eliminating this department would be ($16,500)
Philadelphia Company has the following information for March: Sales $450,000 Variable cost of goods sold 240,000 Fixed manufacturing costs 70,000 Variable selling and administrative expenses 52,000 Fixed selling and administrating expenses 35,000 Determine the March: a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3
Answer:
a.$210,000
b. $158,000
c. $53,000
Explanation:
Calculation to determine the March (a) manufacturing margin, (b) contribution margin, and (c) income from operations for Philadelphia Company.
A)Calculation to determine the March manufacturing margin
Using this formula
Manufacturing Margin =(Sales – Cost of Goods Sold)
Let plug in the formula
Manufacturing Margin=450,000 – 240,000
Manufacturing Margin= $210,000
(B)Calculation to determine contribution margin,
Using this formula
Contribution Margin =(Gross Manufacturing Margin – Variable Expenses)
Let plug in the formula
Contribution Margin=210,000 – 52,000
Contribution Margin= 158,000
(C)Calculation to determine the March income from operations for Philadelphia Company
Using this formula
Income from Operations= (Sales – All expenses)
Let plug in the formula
Income from Operations= 450,000 – 397,000
Income from Operations = 53,000
Therefore the March (a) manufacturing margin, (b) contribution margin, and (c) income from operations for Philadelphia Company are:
a.$210,000
b. $158,000
c. $53,000
Assume you just deposited $1,000 into a bank CD account with one year until maturity. The interest rate on your deposit is 8% and inflation is expected to be 4% over the next year. a. How much money will you have in your bank account at the end of one year
Answer:
amount after 1 year = $1080
Explanation:
given data
deposited = $1,000
interest rate = 8% = 0.08
inflation rate = 4%
solution
we get here amount after one year with 8% of interest rate will become
amount after 1 year = deposited × [tex]( 1 + rate )^{time}[/tex] ................1
put here value
amount after 1 year = $1000 × ( 1 + 0.08)
amount after 1 year = $1080
Show what happens to the firm's output choice and profit if the price of the product falls from $52 to $42. If the market price falls from $52 to $42, then the firm's output will decrease or increase from _____units to _____ units. (Enter your responses using integers.)
Answer: The firm's output will therefore decrease from 9 units to 8 units.
Explanation:
This firm most likely operates in a competitive market where price is the same as marginal revenue.
In such a market, firms will try to maximize output by selling at a level where Price is equal to Marginal cost and if they cannot get here, they try to make them as close as possible so long as marginal cost does not exceed price.
As this is the case, when the price was $52, the closest Marginal cost that isn't higher than price was $45 for an output level of 9 units.
If the product falls to $42, the closest marginal cost that isn't higher than the cost is $38 for 8 units.
The firm's output will therefore decrease from 9 units to 8 units.
How do I deal with a question in any subject, FAST!
A company purchases 50 units of inventory for $3.50 on January 5 and 35 units for $3.00 on January 25. It sells a total of 65 units on January 31. If the company is following the FIFO method of inventory costing, what is the total cost of the inventory sold?
Answer:
COGS= $220
Explanation:
Giving the following information:
A company purchases 50 units of inventory for $3.50 on January 5 and 35 units for $3.00 on January 25.
Number of units sold= 65
First, we need to calculate the number of units in ending inventory:
Ending inventory in units= (50 + 35) - 65= 20
Now, under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the firsts units incorporated into inventory:
COGS= 50*3.5 + 15*3
COGS= $220
Khloe Company imports gift items from overseas and sells them to gift shops and department stores throughout the United States. Khloe Company provided the following information:
a. The October 31 balance in the cash account is $53,817.
b. All sales are on account. Sales in September were $950,000 and in October were $1,240,000.
c. November sales are expected to be $2,145,000.
d. In Khloe's experience, 70 percent of sales are collected in the month of sale and 28 percent are collected in the month following sale. The remaining credit sales are uncollectible.
e. Khloe purchases all merchandise on account. Purchases in September were $750,000 and in October were $980,000. November purchases are expected to be $2,000,000 as Khloe prepares for the Christmas buying season. Fifteen percent of purchases are paid in the month of purchase, while the remainder is paid in the month following the purchase month.
f. Khloe Company has nine employees who are paid a total of $48,000 per month. Due to timing issues, about 90 percent of total wages are paid in the month earned and the remaining 10 percent are paid in the following month.
g. Rent for Office and warehouse space is $12,300 paid monthly in cash.
h. Utilities average $6,100 per month and are paid in cash.
e. In November, Khloe expects to pay employment taxes of $6,625.
f. Since Khloe imports product from overseas, customs duty and shipping to the central location
g. Of 30 percent Of current monthly purchase cost must be paid in the month of purchase.
h. Other cash expenses for November are expected to be $41,500.
Required:
a. Prepare a cash budget for Khloe Company for the month of November.
b. What if Khloe faced a customs duty and shipping percentage of 35 percent How would that affect the November cash budget?
Answer:
Khloe Company
a. Khloe Company
Cash Budget for the month of November:
Beginning cash balance $53,817
Cash collections 2,269,120
Cash available $2,322,937
Cash payments:
Purchases $1,133,000
Wages 48,000
Rent expense 12,300
Utilities expense 6,100
Employment taxes 6,625
Customs duty and shipping 600,000
Other expenses 41,500
Total cash payments $1,847,525
Ending cash balance $475,412
b) The ending cash balance will be reduced by $100,000 from $475,412 to $375,412, with the total payments increased to $1,947,525.
Explanation:
a) Data and Calculations:
October 31 cash balance = $53,817
September October November
Sales on account $950,000 $1,240,000 $2,145,000
Cash collections:
70% month of sale $1,501,500
28% month following 767,620
2% uncollectible
Total cash collections for sales $2,269,120
September October November
Credit Purchases $750,000 $980,000 $2,000,000
Cash payments:
15% month of purchase $300,000
85% month following 833,000
Total cash payment for purchases $1,133,000
September October November
Wages Expense $48,000 $48,000 $48,000
Cash payment for wages:
90% month earned $43,200
10% month following 4,800
Total cash payment for wages $48,000
Other monthly cash payments:
Rent expense $12,300
Utilities expense $61,00
Employment taxes $6,625
Customs duty and shipping = $600,000 ($2,000,000 * 30%)
Other expenses $41,500
If customs duty and shipping were 35%
Customs duty and shipping = $700,000 ($2,000,000 * 35%)
Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $336,700 $1,092,000 Variable costs 135,100 655,200 Contribution margin $201,600 $436,800 Fixed costs 138,600 268,800 Income from operations $63,000 $168,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place.
Answer:
Beck Inc Operating leverage 3.2
Bryant Inc Operating leverage 2.6
Explanation:
Computation for the operating leverage for Beck Inc. and Bryant Inc
Using this formula
Operating leverage = Contribution margin/Income from operation
Let plug in the formula
Beck Inc Operating leverage = $201,600/ $63,000
Beck Inc Operating leverage= 3.2
Bryant Inc Operating leverage= $436,800/$168,000
Bryant Inc Operating leverage= 2.6
Therefore the operating leverage for Beck Inc. and Bryant Inc are:
Beck Inc Operating leverage 3.2
Bryant Inc Operating leverage 2.6
Kluber, Inc. had net income of $911,000 based on variable costing. Beginning and ending inventories were 56,100 units and 54,200 units, respectively. Assume the fixed overhead per unit was $1.80 for both the beginning and ending inventory. What is net income under absorption costing?
a. $811,730
b. $904,160
c. $1,010,270
d. $907,580
e. $911,000
Answer:
Net operating income (absorption)= $907,580
Explanation:
Giving the following information:
Fixed overhead per unit= $1.80
Net income= $911,000 (variable costing)
Beginning inventory= 56,100 units
Ending inventory= 54,200 units
Under absorption costing, fixed manufacturing overhead is a product cost. We need to incorporate into the cost of goods sold the fixed overhead from beginning inventory and deduct the fixed overhead allocated into ending inventory.
Net operating income= 911,000
Less:
Fixed overhead beginning inventory= (1.8*56,100)
Add:
Fixed overhead ending inventory= (1.8*54,200)
Net operating income (absorption)= $907,580
Hernandez Company had the following transactions during 2020, its first year in business:
January 2 Issued 42,000 shares of $15 par common stock for $36 per share.
April 3 Issued 8,000 shares of $70 par preferred stock for $97 per share.
October 6 Purchased 2,000 shares of treasury stock for $29 per share.
December 9 Reissued 110 shares of treasury stock for $35 per share.
Question Completion:
Prepare Journal Entries.
Answer:
Hernandez Company
Journal Entries:
January 2 Debit Cash $1,512,000
Credit Common stock $630,000
Credit Additional Paid-in Capital-Common stock $882,000
To record the issuance of 42,000 shares of $15 par common stock for $36 per share.
April 3 Debit Cash $ 776,000
Credit Preferred stock $560,000
Credit Additional Paid-in Capital-Preferred stock $216,000
To record the issuance of 8,000 shares of $70 par preferred stock for $97 per share.
October 6 Debit Treasury Stock $30,000
Debit Additional Paid-in Capital-Common stock $28,000
Credit Cash $58,000
To record the repurchase of 2,000 shares of treasury stock for $29 per share.
December 9 Debit Cash $3,850
Credit Treasury stock $1,650
Credit Additional Paid-in Capital-Common stock $2,200
To record the reissuance of 110 shares of treasury stock for $35 per share.
Explanation:
a) Data and Analysis:
January 2 Cash $1,512,000 Common stock $630,000 Additional Paid-in Capital-Common stock $882,000
issuance of 42,000 shares of $15 par common stock for $36 per share.
April 3 Cash $ 776,000 Preferred stock $560,000 Additional Paid-in Capital-Preferred stock $216,000
issuance of 8,000 shares of $70 par preferred stock for $97 per share.
October 6 Treasury Stock $30,000 Additional Paid-in Capital-Common stock $28,000 Cash $58,000
repurchase of 2,000 shares of treasury stock for $29 per share.
December 9 Cash $3,850 Treasury stock $1,650 Additional Paid-in Capital-Common stock $2,200
re-issue of 110 shares of treasury stock for $35 per share.
Malouka participates in a research project for a large consumer behavior research firm. Each time she purchases items in a grocery store, she scans the barcodes of her products into an app, which sends her purchase data to the firm for analysis. Malouka is working with an example of automation known as __________.
Malouka is working with an automation example that we called the importing/exporting data.
The following information should be considered for the given situation:
Since she scans the barcodes of that product she purchased even all products are associated with the barcodes via using the mobile app.Also, she offered the research firm having more information like time, location, quantity, gender,etc.Therefore we can conclude that Malouka is working with an automation example that we called the importing/exporting data.
Learn more about the automation here: brainly.com/question/3147939
Help please
Identify ways to reduce shrinkage
Answer:
Increase Employee Accountability. ...
Train Staff to Follow Security Policies and Procedures. ...
Consider Your Store Layout. ...
Develop a Culture of Loss Prevention. ...
Invest in Automated Cash Management Technology.
Heat Tough Inc. makes heat-proof copper cookware in the United States, and it is looking to distribute its products in Europe. Rather than build and maintain a manufacturing facility in the United Kingdom, the company decides to ship its products directly from its plant in Illinois. What type of entry mode is the company using
Answer: Exporting
Explanation:
Exporting is the cheapest method of entering another market because it does not involve the building or maintenance of any business in the new market and neither does it involve any profit sharing as all the profits go to the company exporting.
With exporting, a company just ships its products to the new market it wants to enter without establishing a presence. Companies there will then buy these goods and sell them. This is what Heat Tough Inc is doing so this must be exporting.
Andy contracts with Susan to feed his dog while he is Europe during the month of July. Andy calls and revokes on July 1st after Susan has gone out and purchased the necessary products to perform but has not yet feed the dog once. A court will likely:
Answer: D. Enforce the contract.
Explanation:
This falls under the doctrine of Promissory estoppel. This posits that when a party to a contract has invested their money into procuring the necessary tools to fulfil their part of the contract, the other party may not cancel the contract unless they pay the former party what they would have made from the contract.
This is because the party that used their money to procure tools (Susan in this case) would not have done so if the other party (Andy) had not made a promise to them in the contract that they would fulfil their part of the bargain.
The Courts would therefore enforce the contract.
Billy Bob Company manufactures fine furniture and grandfather clocks. Billy Bob has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following is an indirect cost, assuming the cost object is the Clock Department?
a) Salary of the clock production supervisor
b) Depreciation on the company's factory building
c) Depreciation on clock-making equipment.
d) All of the answers are correct
Answer:
Billy Bob Company
Indirect Costs are:
d) All of the answers are correct
Explanation:
The indirect costs cannot be directly identified with a single grandfather clock. They are not direct costs but are allocated to the Clock Department. For example, Billy Bob Company incurs these indirect costs for producing grandfather clocks: the Clock Department's supervisor's salary expenses, Depreciation on factory building and clock-making equipment, and other indirect materials and labor.
Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.9%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Woodburn Bank also offers to lend you the $50,000, but it will charge an annual rate of 9.0%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern?
a. 1.68%
b. 1.98%
c. 2.08%
d. 1.78%
e. 1.88%
Answer:
e. 1.88%
Explanation:
EAR = (1+APR/m)^m. M means compounding periods
For Southwestern Bank
EAR = (1 + 0.069/12)^12 - 1
EAR = 1.00575^12 - 1
EAR = 1.0712245 - 1
EAR = 0.0712245
EAR = 7.12%
So, the difference between the effective annual rate charged by Woodburn versus the rate charged by Southwestern is 1.88% (9% - 7.12%)
Which statement does not describe a difference between government and household budgets? In the short term, economists would expect the budget deficits and surpluses to fluctuate up and down with the economy and the automatic stabilizers. Most economists view the proposals for a perpetually balanced budget with bemusement. Most economists agree with the proposals for a perpetually balanced budget. Economic recessions should automatically lead to larger budget deficits or smaller budget surpluses, while economic booms lead to smaller deficits or larger surpluses.
Answer:
Most economists view the proposals for a perpetually balanced budget with bemusement
Explanation:
A balanced budget is a budget where at the end of every year, revenue must equal expenditure. this type of budget can magnify the business cycle. This types of budget contrasts with a cyclically balanced budget
A Cyclically balanced budget is when in a recession, the government makes use of expansionary fiscal policy and in a boom, the government makes use of a contractionary fiscal policy to stabilise the economy. So, in a recession, deficits would be higher and in an expansion, surplus would be higher.
Government sector deficit occurs when government spending exceeds income of the government.
When deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing
When there is a surplus, government spending is less than the income of the government.
Beagle Corporation has 26,000 shares of $10 par common stock outstanding and 16,000 shares of $100 par, 5.50% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $420,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively
Answer:
$16.5 per share; $6 per share
Explanation:
Calculation to determine the dividends per share payable to preferred and common, respectively
DIVIDENDS PER SHARE PAYABLE TO PREFERRED
First step
Total dividend paid to Preferred Stockholders
= Outstanding preferred stock × Par value of preferred stock × 5.50% × Number of years
Total dividend paid to Preferred Stockholders= 16000 × 100 × 5.50% × 3
Total dividend paid to Preferred Stockholders= $264,000
Second step
Total dividend per share paid to Preferred Stockholders= Total dividend paid to preferred ÷ No. of outstanding shares
Total dividend per share paid to Preferred Stockholders= $264,000 ÷ 16,000 shares
Total dividend per share paid to Preferred Stockholders= $16.5 per share
DIVIDENDS PER SHARE PAYABLE TO COMMON STOCKHOLDERS
First step
Total dividend paid to Preferred Stockholders
= Outstanding preferred stock × Par value of preferred stock × 5.50% × Number of years
Total dividend paid to Preferred Stockholders= 16000 × 100 × 5.50% × 3
Total dividend paid to Preferred Stockholders= $264,000
Second step
Total dividend per share paid to common Stockholders= (Dividend paid in the current year - Total dividend paid to preferred) ÷ Common stock outstanding shares
Total dividend per share paid to common Stockholders= ($420,000 - $264,000) ÷ 26,000
Total dividend per share paid to common Stockholders= $156,000 ÷ 26,000 shares
Total dividend per share paid to common Stockholders= 6 per share
Therefore the dividends per share payable to preferred and common, respectively is:
$16.5 per share; $6 per share
Match the following with each others
a. Operating activity
b. Investing activity
c. Financing activity
d. Fixed assets
e. Long-term investments
f. Common stock
g. Dividends
h. Long-term debt
i. Bank deposit
j. Journal entry
1. Long-term tangible property that a firm owns
2. Distribution of earnings to shareholders
3. A stockholders' equity account
4. Used to record purchase of a fixed asset for a note
5. A 5-year note payable
6. Sales receipt
7. A financial instrument that matures in more than I year
8. Used to record amounts received from a note payable
9. Sale of common stock
10. Purchase of common stock
Answer:
1. Long-term tangible property that a firm owns
Correct match: Fixed assets
2. Distribution of earnings to shareholders
Correct match: Dividend
3. A stockholders' equity account
Correct match: Common stock
4. Used to record purchase of a fixed asset for a note
Correct match: Journal entry
5. A 5-year note payable
Correct match: Long term debt
6. Sales receipt
Correct match: Operating activity
7. A financial instrument that matures in more than I year
Correct match: Long term investment
8. Used to record amounts received from a note payable
Correct match: Bank deposit
9. Sale of common stock
Correct match: Financing activity
10. Purchase of common stock
Correct match: Investing activity
Two leading home appliance companies, Globex Inc. and Pug Tech, are in competition for market share. In their quest for exciting new products, Globex employs an open innovation model, while Pug Tech pursues a closed innovation model. Which of the following statements is most likely true?
a. Globex has a greater chance of capturing market share.
b. Pug Tech has a superior absorptive capacity.
c. Pug Tech will protect its intellectual property with patents and trade secrets.
d. Globex is most concerned with securing first-mover advantages.
Answer: c. Pug Tech will protect its intellectual property with patents and trade secrets.
Explanation:
A closed innovation model means that the company develops the product internally instead of through collaboration with external sources.
Pug Tech will therefore produce new products internally. As a result, they will be able to protect these products from being copied by others through patents and trade secrets because the law will recognize that they have exclusive rights to the new technology seeing as they came up with it.
There is no relationship between the level of education received and lifetime earnings.
Answer: False
Explanation:
There is a relationship between the level of education that a person receives and the lifetime earnings. It should be noted that the more education that a person receives, the higher the lifetime earnings of such person will be.
For example, someone who has a doctorate degree is expected to have a higher lifetime earnings than someone who has a high school degree.
Therefore, based on the explanation given, the statement is false.
Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales for Bramble are 60000 Standard and 40000 Supreme. Fixed expenses are $2400000. How many Standards would Bramble sell at the break-even point
Answer:
160,000 units
Explanation:
Step 1 : Determine the Sales Mix
Bramble : Standard
60000 : 40000
3 : 2
Step 2 : Determine the Overall Break even Point
Break even Point = Fixed Cost ÷ Contribution per unit
= $2400000 ÷ $30
= 80,000
Step 3 : Determine break-even point for Standards
Standards Break even point = 80,000 x 2
= 160,000 units
Thus,
Bramble Corp would sell 160,000 units of Standards at the break-even point
Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $219,400 $585,000 Variable costs 88,000 351,000 Contribution margin $131,400 $234,000 Fixed costs 58,400 39,000 Income from operations $73,000 $195,000
a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. fill in the blank 1 Bryant Inc. fill in the blank 2
b. How much would income from operations increase for each company if the sales of each increased by 15%? If required, round answers to nearest whole number. Dollars Percentage Beck Inc. $fill in the blank 3 fill in the blank 4 % Bryant Inc. $fill in the blank 5 fill in the blank 6 %
c. The difference in the of income from operations is due to the difference in the operating leverages. Beck Inc.'s operating leverage means that its fixed costs are a percentage of contribution margin than are Bryant Inc.'s.
Answer:
Beck Inc. and Bryant Inc.
Beck Inc. Bryant Inc.
a. Operating leverage 0.4 0.1
b. Increase in income $19,710 (27%) $35,100 (18%)
c. The difference in the INCREASE of income from operations is due to the difference in the operating leverages. Beck Inc.'s HIGHER operating leverage means that its fixed costs are a HIGHER percentage of contribution margin than are Bryant Inc.'s.
Explanation:
a) Data and Calculations:
Beck Inc. Bryant Inc.
Sales $219,400 $585,000
Variable costs 88,000 351,000
Contribution margin $131,400 $234,000
Fixed costs 58,400 39,000
Income from operations $73,000 $195,000
Total costs $146,400 $390,000
Operating leverage 1.8 1.2
Operating leverage = Contribution Margin/Income from operations
Increase in Sales by 15%
Beck Inc. Bryant Inc.
Sales $252,310 $672,750
Variable costs 101,200 403,650
Contribution margin $151,110 $269,100
Fixed costs 58,400 39,000
Income from operations $92,710 $230,100
Increase in income $19,710 (27%) $35,100 18%
Harry is a 70-year-old retiree who joined the AARP. To celebrate, he took his daughter to a restaurant and flashed his new AARP card when the check came, earning him a 15 percent discount. What kind of benefit has Harry just used
Answer: c. material
Explanation:
Material benefits refer to the financial benefits that one gets from being part of a group. They usually refer to group members getting discounts on certain things as well as being charged with a different rate than others.
Henry being in the AARP gets the material benefit of being able to get discounts at many different stores and businesses. It is the country's way of trying to ease the burden of being retired after working for so long.
What is the process of managing costs
Answer:
Cost management is the process of estimating, allocating, and controlling project costs. The cost management process allows a business to predict future expenses to reduce the chances of budget overrun. Projected costs are calculated during the planning phase of a project and must be approved before work begins.
Explanation:
I know the answer by heart
Listed below in alphabetical order are the balance sheet items of Nolan Company at December 31, 2022
Accounts payable Accounts receivable Buildings Cash Common stock Equipment Land Retained earnings $11,000 15.000 65,000 11.000 80.000 10,000 31.000 41.000
Prepare a balance sheet and include a complete heading.
Answer and Explanation:
The preparation of the balance sheet is presented below:
Assets
cash $11,000
account receivable $15,000
equipment $10,000
buidlings $65,000
land $31,000
Total assets $132,000
Liabilities and stockholder equity
Account payable $11000
common stock $80,000
retained earnings $41,000
Total Liabilities and stockholder equity $132,000
An advance payment of $1,000 for services was received on December 1 and was recorded as a liability. By the end of the year, $400 had been earned. Demonstrate the December 31 adjusting entry by choosing the correct statement below.
a. Debit Service revenue for $400.
b. Debit Unearned revenues for $400.
c. Debit Unearned revenues for $600.
d. Credit Unearned revenues for $400.
Answer:
b. Debit Unearned revenues for $400.
Explanation:
When money is received in advance for a service that is yet to be rendered, the money is accounted for as a liability called deferred or unearned income.
The entries are
Dr Cash
Cr Deferred revenue
when the service is rendered, revenue is said to be earned with the following entries passed
Dr Deferred revenue
Cr Revenue
Hence when $1,000 for services was received on December 1 and was recorded as a liability
Dr Cash $1,000
Cr Deferred revenue $1,000
when $400 had been earned
Dr Deferred revenue $400
Cr Revenue $400
Option b is right
b. Debit Unearned revenues for $400.
The master budget of a merchandising company includes a:_______
a. Production budget.
b. Direct materials budget.
c. Factory overhead budget.
d. Direct labor budget.
e. Purchases budget.
Answer:
a. Production budget.
Explanation:
hope it helps :>
A 2-year Treasury security currently earns 1.94 percent. Over the next two years, the real risk-free rate is expected to be 1.00 percent per year and the inflation premium is expected to be 0.55 percent per year. Calculate the maturity risk premium on the 2-year Treasury security.
Answer:
cacagada
Explanation:
Each of Professor A and Professor B at UTD has a private secretary, who can type four letters per hour. The letters are generated at a rate of three per hour by each of the two professors, who have been wondering if they would benefit from pooling the two secretaries. Perform a queuing analysis. What is the average waiting time of a letter in the system.
Answer:
Average waiting time = 7.5 minutes
Explanation:
UTD private secretary can type the number of letters = 4 per hour by each.
By professor, the letter generated = 3 per hour by each
Thus by pooling the average time will be the time that comes by dividing the one hour with total letters in an hour.
Use the below formula:
Average waiting time = Minutes in one hour / total letters
Average waiting time = 60 / 8
Average waiting time = 7.5 minutes
Explain what unearned revenues are by choosing the correct statement below. Multiple choice question. Unearned revenues refer to income reported on the income statement. Unearned revenues refer to cash received in advance of providing a service or product. Unearned revenues refer to amounts owed to the company that have not yet been billed. Unearned revenues refer to customer payments which have not yet been received.
Answer:
Unearned revenues refer to cash received in advance of providing a service or product.
Explanation:
The unearned revenue is the amount i.e. collected in advance prior a service or the product is to be delivered. The same is to be shown as the liability on the balance sheet
So it is the cash received in advance before providing the service or product
Therefore the above statement represent an answer
